Financial Literacy Family Feud Style PRESENTED BY RUTH

Financial Literacy Family Feud Style PRESENTED BY: RUTH SHARP, CALTECH BURSAR & ROSEMARY MARTINEZ-KEPFORD, ECMC

What is Financial Literacy (FL)? The possession of knowledge and understanding of financial matters. www. investopedia. com/terms/f/financial-literacy. asp

Educational FL Topics 1. Loans 2. Budgeting 3. Other financial responsibilities

Loans: Knowledge students should have before they enter repayment Ø Know the grace period dates Ø Know the loan interest rate Ø Knowledge of the loan servicer contact information Ø Knowledge of deferment options

Budgeting: Concepts students should understand to be successful at budgeting Balance of earnings vs. expenses Understand or deficit Savings how to manage the bottom line: surplus and investing, ratios and techniques Understand options or tools for managing budget

Other FL Concepts to Introduce Ø How to read the student account statement Ø Understanding the process of bill payment and the consequences of late payment Ø Debt management Ø What to do to guard against identity theft

Different Approaches for Delivering FL Education Ø Academic programs Ø Interactive webinars Ø Workshop Ø Articles or blog Ø Peer to peer program Ø Video’s Ø Games Ø Online platform

Introducing FL via Games Why games? Ø The elements of group competition and prize rewards make it fun for participants Ø Students become engaged in the learning process Ø Team work eliminates individual peer pressure

Are you ready to play the Feud?