TEENS SPENDING POWER TEENS SPENDING POWER

$216.3 BILLION $216.3 BILLION DOLLARSDOLLARS

25.3 MILLION TEENS ( AGES 25.3 MILLION TEENS ( AGES 13-18) PRODUCTS AND 13-18) PRODUCTS AND

SERVICES SERVICES U.S. Census BureauU.S. Census Bureau

61%61%

OF TEENS OBTAIN MONEY OF TEENS OBTAIN MONEY FROM THEIR PARENTS AS A FROM THEIR PARENTS AS A

SOURCE OF INCOMESOURCE OF INCOME

• Requires the Free Enterprise curriculum to include instruction in personal finance beginning with the 2004-2005 school year and shall include instruction in personal finance; shall include but shall not be limited to: Income, Money Management, Spending and Credit, Savings and Investing.

61%61%

OF TEENS OBTAIN MONEY OF TEENS OBTAIN MONEY FROM THEIR PARENTS AS A FROM THEIR PARENTS AS A

SOURCE OF INCOMESOURCE OF INCOME

On-line, interactive courseOn-line, interactive courseHigh School StudentsHigh School Students

College StudentsCollege StudentsTeaches personal finance Teaches personal finance

conceptsconcepts IncomeIncome ExpensesExpenses Saving and InvestingSaving and Investing CreditCredit InsuranceInsurance

IT’S FREE!IT’S FREE!

AGE AGE

• Start workingStart working• MarriedMarried• Purchase homePurchase home• RetirementRetirement

BUDGETBUDGET

• Housing/UtilitiesHousing/Utilities• FoodFood• TransportationTransportation• InsuranceInsurance• EntertainmentEntertainment

HOW IS IT INTERESTING HOW IS IT INTERESTING TO STUDENTS?TO STUDENTS?

20-40 minutes a module20-40 minutes a module 12-24 hours all modules12-24 hours all modules

HOW LONG DOES IT TAKE HOW LONG DOES IT TAKE TO COMPLETE?TO COMPLETE?

Follows storyline of 3 high Follows storyline of 3 high school students – Andrew, school students – Andrew, Maria, and JamieMaria, and Jamie

• Designed to be used in Designed to be used in business, economics, math, business, economics, math, social studies or personal social studies or personal financefinance

• Self studySelf study• Homework, project outside Homework, project outside

class or during class as a class or during class as a groupgroup

Entirely web-basedEntirely web-based• Pre- and Post-testsPre- and Post-tests• ModulesModules• Life SimulationLife Simulation• Grade bookGrade book• Class/student setupClass/student setup• Module retakeModule retake

Select/order modules Duplicate course Import class roster Date for release and

completion Print modules/scores Student module retake Add modules Student evaluation Completion Certificate

Easier to readEasier to read List of modules to List of modules to

completecomplete Score for each Score for each

module and average module and average score for modules score for modules completedcompleted

Online surveyOnline survey

• How would you evaluate the curriculum? Very Good to Excellent

• How would you evaluate the technology?Very Good to Excellent

• How would you evaluate the student reaction to curriculum and technology? Good to Very Good

• Update insurance modules• Add Identity Theft Modules • Used in colleges• Offered as part of GED• Release Middle School version in

2011• Changes to Web site and technology

in 2011– Hand held devices/tablets– Browsers– Jump around in modules– Email student score to parents– Student email teacher question– Manage font size/audio options– Simulation

10. Adaptable for the teacher’s use, curriculum and technology changes.

9. 24/7 toll-free number for teachers and online technology support.

8. Teacher suggestions are given top priority as to future changes in technology, admin site and curriculum.

7. Provides understanding of the importance of taking control of one's financial life .

6. Life simulation incorporates student’s life plan into the curriculum.

5. Teachers do not require training or expertise to use the course with students.

4. Students can complete the course outside class room.

3. Tests students’ understanding of each concept as it is presented.

2. Comprehensive personal finance curriculum.

1. ITS FREE!

Auto Financing 101: Making Smart

Vehicle Financing Decisions

Brought to you by AWAREwww.AutoFinancing101.org

Kit for Use by Educators To Teach Auto Financing

• Download www.autofinancing101.org• Brochure explains basics, step to take

before, during and after• Auto finance calculator• Auto Financing Tune Up quiz to test

students’ knowledge• Glossary of auto financing terms