Learning Exercise

Personal Finances

Students examine financial issues that arise from independent living.

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Exercise

1. Ask students to generate a list of financial issues that new adults have to address (e.g., housing, roommates, food, transportation, insurance, health, romantic relationships, children, credit).
2. Assign students to small groups to research a specific financial issue that arises from independent living, by extracting information from http://www.consumer.ftc.gov/topics/
3. Ask each group to identify the main factors to consider for their issue, and ways to address those factors. Ask students to post their findings in an online collaborative site (e.g., Google slide deck card, blog, wiki, online discussion board)
4. Ask students to read their peers’ findings, and pose a question for more information.
5. Ask groups to answer the additional question.
6. As a culminating experience, have each group create a written scenario about a financial problem, and make recommendations on effective ways to solve the problem. 7. Ask groups to exchange their scenarios (without the recommendations) to solve. Afterwards, compare solutions.
8. Debrief the class. Ask them how the findings will inform their personal financial plans.

Technical Notes

Class set of Internet-connected computers; Demonstration Internet-connected computer; Projector with sound;  Prepared Google slide deck or other onlikne collaborative web-based tool

Requirements

Class set of Internet-connected computers; Demonstration Internet-connected computer; Projector with sound;  Prepared Google slide deck or other onlikne collaborative web-based tool

Topics

Financial literacy

Money management

Workplace finances

 

Learning Objectives

Identify financial issues that arise from independent living.

Make financial issues that arise from independent living.

Assessment

Student’s written entries  are evaluated in terms of accuracy, clarity and thoroughness of identifying and addressing specific issues.