Financial Literacy Apps

FINANCIAL LITERACY APPSIllinois Business Education Association

PRESENTERTamra S. Davis-Maxwell, Ph.D.

Assistant Professor

Business Teacher Education

Illinois State University

College of Business

Department of Marketing

CONTACT INFORMATION• Mailing Address:• Tamra S. Davis• Illinois State University• Campus Box 5590• Normal, IL 61790

• tdavis2@illinoisstate.edu

• http://www.tamra-davis.com

FINANCIAL LITERACY• Required by Illinois for High School Graduation• Often offered as part of other classes

• Not always the “most fun” class for students

• Critical for long-term financial health

WHAT WE ARE DOING AT ISU• BTE 141—Financial Literacy for the College Student• Freshman/Sophomore focused• A general education class that counts as a Quantitative Reasoning course• Offered for the first time last summer as an online course• Multiple sections will be offered beginning Spring 2014 • College seniors are enrolling before the freshman have a chance to join

the class

HOW IT FITS INTO THE BTE PROGRAM

• BTE junior/senior students are creating modules to be incorporated into BTE 141

• BTE Methods students will have an opportunity to teach micro-lessons in the F2F sections of the class

LONG-RANGE GOAL• The content of the financial literacy class will be available to a wider

audience via iTunesU in the near future

LESSONS LEARNED• iPads in the classroom

PAYROLL GURU• https://itunes.apple.com/us/app/payrollguru/id430034169?mt=8 • Used after we cover how to calculate the various taxes• Free

CHECKBOOK• https://

itunes.apple.com/us/app/checkbook-spending-income/id484000695?mt=8

• One of the many checkbook apps available• Free with the option to upgrade

SPENDING TRACKER• https://itunes.apple.com/us/app/spending-tracker/id548615579?mt=8• Great for a Cash Flow Assignment• Free

BUDGET ENVELOPES• https://itunes.apple.com/us/app/budget-envelopes/id489602051?mt=8• Set up a budget system• Easy to use app • Free (up to 20 transactions) with the option to upgrade

VISUAL BUDGET: EXPENSE TRACKING AND BUDGET MANAGEMENT

• https://itunes.apple.com/us/app/visual-budget-expense-tracking/id458571562?mt=8

• More complex version of the Budget Envelopes App• May be more complicated that wanted in a high school class• Free

SIMPLE LOAN CALCULATOR• https://itunes.apple.com/us/app/simple-loan-calculator/id319268411?mt=

8• Easiest loan calculator I have ever found• Includes an Amortization Table• Free

DEBT MANAGER• https://itunes.apple.com/us/app/debt-manager/id482482660?mt=8• Introduces multiple concepts for paying off debt• Calculates interest saved• Free with an option to upgrade

RETIRE PLAN• https://itunes.apple.com/us/app/retireplan/id435739013?mt=8• Determines monthly savings needed to reach goals• Calculates payments from accounts to maximize the life of retirement

accounts• Free

RELATED APPS

HOW TO WRITE A BUSINESS PLAN

• https://itunes.apple.com/us/app/how-to-write-a-business-plan/id513982872?mt=8

• Includes videos about each concept• Great way to “walk through the process”• Free

STOCK WARS• https://itunes.apple.com/us/app/stock-wars-virtual-investing/id324331173

?mt=8• Can be a little “glitchy”• Do not upgrade during a playing session• Allows for investments in multiple markets

• Including international exchanges• Free

IF TIME ALLOWSMore Apps for the Classroom

DROPBOX• https://itunes.apple.com/us/app/dropbox/id327630330?mt=8• Free

IANNOTATE PDF• https://itunes.apple.com/us/app/iannotate-pdf/id363998953?mt=8• I love this one for grading reports and research papers• Free

EXPLAIN EVERYTHING• https://itunes.apple.com/us/app/explain-everything/id431493086?mt=8• Includes an interactive whiteboard• Allows you to create interactive visual components for assessment• Free

OTHERS• ThingLink

• https://itunes.apple.com/us/app/thinglink/id647304300?mt=8• Free

• TeacherKit• https://itunes.apple.com/us/app/teacherkit/id389584618?mt=8• An organizer for the teacher• Free

• TED• https://itunes.apple.com/us/app/ted/id376183339?mt=8• Free

AND MORE• Creative Book Builder

• https://itunes.apple.com/us/app/creative-book-builder/id451041428?mt=8 • Create your own ebooks• Free (I think)

• Tiny Scan• https://itunes.apple.com/us/app/tinyscan-pdf-scanner-to-scan/id595563753?

mt=8• Creates a PDF from anything using the camera feature• Free with the option to upgrade

AND SO MANY MORE• I have attended multiple sessions about Apps over the past year• I post information on our Facebook page when I find something useful

• https://www.facebook.com/ISUBTE?ref=hl• Feel free to “Like” us and follow our posts

• Another great resource• https://docs.google.com/file/d/0BwM_UyYw9Nl8SUdickpITExRcjg/edit?usp=sh

aring

Questions?

THE BTE PROGRAM WOULD LIKE TO THANK COUNTRY FINANCIAL FOR THE GENEROUS CONTRIBUTION TO OUR DEPARTMENT. WITHOUT THEIR SUPPORT, OUR STUDENTS WOULD NOT HAVE HAD ACCESS TO THE TOOLS NEEDED TO CREATE THIS PROJECT.