1997

57%

2000

51.

9%

2002

50.

2%

2004

52.

3%

2006

52.

4%

2008

48.

3%

0

20

40

60

80

100

2008 Personal Financial Literacy Survey

High School Performance Trends

TEENS SPENT TEENS SPENT

$179 BILLION $179 BILLION DOLLARSDOLLARS

ON PRODUCTS AND ON PRODUCTS AND SERVICES SERVICES

IN 2006IN 2006

58%58% OF TEENS OF TEENS OBTAIN MONEY OBTAIN MONEY FROM THEIR FROM THEIR PARENTS PARENTS AS A SOURCE AS A SOURCE OF INCOMEOF INCOME

New HampshireNew Hampshire

Curriculum:June 2006, the New Hampshire State Board of Education approved the revised NH Curriculum Frameworks in Science and Social Studies to include the grade level expectations for grades K-8 and grade span expectations for high schools.

Curriculum:Ed 306.27(m) identifies 20 credits required for graduation, to include ½ credit of Economics. The revised NH Curriculum Frameworks standard SS:EC:6 specifies that Students will be able to explain the importance of money management, spending credit, saving, and investing in a free market economy.

Status Description:Personal Finance Education provided within Social Studies/Economics Content Standards Required for High School

WHAT IS MoneySKILLWHAT IS MoneySKILL®®??

• On-line, interactive On-line, interactive coursecourse

• High School junior High School junior and seniorsand seniors

• Teaches personal Teaches personal finance conceptsfinance concepts

IncomeIncome ExpensesExpenses AssetsAssets LiabilitiesLiabilities Risk ManagementRisk Management

IT’S FREE!IT’S FREE!

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

BUDGETBUDGET• Housing/Utilities Housing/Utilities • Food Food • TransportationTransportation• InsuranceInsurance• EntertainmentEntertainment

LIFETIME SIMULATIONLIFETIME SIMULATION

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

20-40 minutes a module20-40 minutes a module 12-24 hours for all 34 modules12-24 hours for all 34 modules

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

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

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

• Homework, project Homework, project outside class or during outside class or during class as a groupclass as a group

• No formal training No formal training neededneeded

• Entirely web-basedEntirely web-based Pre- and Post-testsPre- and Post-tests ModulesModules Life SimulationLife Simulation Grade bookGrade book

HOW CAN I USE MoneySKILLHOW CAN I USE MoneySKILL®®??

Changes to CourseChanges to Course

Select specific modules and Select specific modules and order for study order for study

Duplicate modules used in Duplicate modules used in previous classprevious class

Student retake a moduleStudent retake a module Import class roster easierImport class roster easierGradebook shows modules Gradebook shows modules

selected selected View student answers to View student answers to

questionsquestions

Student Changes Student Changes

Easier to readEasier to readList of modules to List of modules to

completecompleteScore for each Score for each

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

Online surveyOnline survey

Annual Online Teacher SurveyAnnual Online Teacher Survey• Taught in Personal Finance,

Business, Economics, Math and Social Studies.

• 25 percent of the class grade

• Curriculum – Very Good to Excellent

• Technology – Very Good to Excellent

• Student Reaction – Very Good to Excellent

• 98 percent teachers would use again

WHAT ARE THE COMPUTER WHAT ARE THE COMPUTER REQUIREMENTS?REQUIREMENTS?

Interface with PC or MacInterface with PC or Mac Microsoft Internet Explorer Microsoft Internet Explorer

version 6 or higherversion 6 or higher Macromedia Flash Player Macromedia Flash Player

version 8 or higherversion 8 or higher Adobe Acrobat ReaderAdobe Acrobat Reader Broadband Internet Broadband Internet

Connection Connection

All can be downloaded All can be downloaded

FREE OF CHARGE!FREE OF CHARGE!

www.moneyskill.orgwww.moneyskill.orgPhone: 202-466-8611Phone: 202-466-8611

Contact Person: Susie IrvineContact Person: Susie Irvine