financial literacy simulation · 2012-10-25 · video lessons • weekly video ... • too many...

15
Money Mission Financial Literacy Simulation

Upload: others

Post on 01-Jul-2020

0 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: Financial Literacy Simulation · 2012-10-25 · Video Lessons • Weekly Video ... • Too Many Tulips ... • Three chances for scholarships. • Balance is the key. • Opportunity

Money Mission Financial Literacy Simulation

Page 2: Financial Literacy Simulation · 2012-10-25 · Video Lessons • Weekly Video ... • Too Many Tulips ... • Three chances for scholarships. • Balance is the key. • Opportunity

• To increase financial literacy among

youth and subsequently adults

• To engage the youth in their preferred

learning style

• To provide scholarship opportunities

for college-bound high school seniors

The Purpose

Page 3: Financial Literacy Simulation · 2012-10-25 · Video Lessons • Weekly Video ... • Too Many Tulips ... • Three chances for scholarships. • Balance is the key. • Opportunity

• Money Mission is an immersive learning experience

Money Mission engages students in their preferred learning style and

teaches without the feeling of being taught.

• Real life lessons

Students will:

• Purchase cars and stocks

• Set budgets

• Manage their savings, checking and credit accounts

• Take advantage of simulated opportunities

• Learn the importance of saving for retirement

Mission Heights

Page 4: Financial Literacy Simulation · 2012-10-25 · Video Lessons • Weekly Video ... • Too Many Tulips ... • Three chances for scholarships. • Balance is the key. • Opportunity

Mission Heights

Page 5: Financial Literacy Simulation · 2012-10-25 · Video Lessons • Weekly Video ... • Too Many Tulips ... • Three chances for scholarships. • Balance is the key. • Opportunity

Mission Heights

Page 6: Financial Literacy Simulation · 2012-10-25 · Video Lessons • Weekly Video ... • Too Many Tulips ... • Three chances for scholarships. • Balance is the key. • Opportunity

6

• Innovative interface for moving funds between checking,

savings & investment accounts

• Savings account is interest bearing

• Investment account is allocated through Investment interface

Account Management

Page 7: Financial Literacy Simulation · 2012-10-25 · Video Lessons • Weekly Video ... • Too Many Tulips ... • Three chances for scholarships. • Balance is the key. • Opportunity

• An initial grouping of ten stocks to choose from

• Tied to live stock market data

• Fluctuations change player’s net worth

• A multiplier is applied to simulate longer term investing

Investing

Page 8: Financial Literacy Simulation · 2012-10-25 · Video Lessons • Weekly Video ... • Too Many Tulips ... • Three chances for scholarships. • Balance is the key. • Opportunity

Work

Page 9: Financial Literacy Simulation · 2012-10-25 · Video Lessons • Weekly Video ... • Too Many Tulips ... • Three chances for scholarships. • Balance is the key. • Opportunity

Work

Page 10: Financial Literacy Simulation · 2012-10-25 · Video Lessons • Weekly Video ... • Too Many Tulips ... • Three chances for scholarships. • Balance is the key. • Opportunity

10

Video Lessons

• Weekly Video Lesson • Teach important financial literacy concepts through entertaining

animated videos, reinforced through game play

• Welcome to Money Mission

• Money: What Does It Mean

• Money: Where Does It Live

• Money: Budget Basics

• Money: Working for You

• Borrowing Wisely: Basics of Credit

• Retirement

• The Power of Investment

• Taking Chances: Risk and Reward

• Taxes

• Inflation: Up, Up and Away

• It’s a Small World

• Too Many Tulips

• Bringing It All Together

Page 11: Financial Literacy Simulation · 2012-10-25 · Video Lessons • Weekly Video ... • Too Many Tulips ... • Three chances for scholarships. • Balance is the key. • Opportunity

Mission Heights

Page 12: Financial Literacy Simulation · 2012-10-25 · Video Lessons • Weekly Video ... • Too Many Tulips ... • Three chances for scholarships. • Balance is the key. • Opportunity

High School

Page 13: Financial Literacy Simulation · 2012-10-25 · Video Lessons • Weekly Video ... • Too Many Tulips ... • Three chances for scholarships. • Balance is the key. • Opportunity

• 14 week trimester . . .

• Three competitions a year.

• Three chances for scholarships.

• Balance is the key.

• Opportunity cost is a central concept.

• Score = Wealth x Life Balance

• Weekly video lessons embedded into the game in

entertaining and engaging ways.

• A turn equals one week. A turn consists of . . .

Simulation Structure

Page 14: Financial Literacy Simulation · 2012-10-25 · Video Lessons • Weekly Video ... • Too Many Tulips ... • Three chances for scholarships. • Balance is the key. • Opportunity

Financial literacy or the lack

thereof will have a profound effect

on a student’s entire life.

Page 15: Financial Literacy Simulation · 2012-10-25 · Video Lessons • Weekly Video ... • Too Many Tulips ... • Three chances for scholarships. • Balance is the key. • Opportunity

Access to Money Mission is free

to you through the commitment of

NMTW Credit Union at:

NMTW.ORG