Showing posts with label financial literacy. Show all posts
Showing posts with label financial literacy. Show all posts

Thursday, July 1, 2021

All Paygrade Features are Now Free

PayGrade is a classroom economy simulation that you can use all year in just about any classroom setting. Recently, PayGrade was acquired by an online investment company called Stash. A result of that acquisition is that all of the features of PayGrade are now free for all teachers and students. 

How PayGrade Works
Last year I wrote this detailed overview of how PayGrade works. The following is a condensed version of that overview. 

PayGrade lets you create an online classroom space in which students have to complete jobs to earn virtual currency. PayGrade offers a list of jobs that you can assign to your students or you can create your own jobs for students to complete. Some of the default job listings that you'll find listed in PayGrade are secretary, conservationist, and technology assistant. The rate of pay for each job is something that you can choose.

At the end of each week in PayGrade your students get paid in virtual currency that they can redeem for various rewards of their choosing. Students also have the option to just bank their virtual currency for use at a later date.

PayGrade isn't just a simple "students do jobs, students get rewards" system. That is because students have to pay bills from their virtual paychecks before they can spend their currency for things that they want.

This post originally appeared on

Tuesday, February 16, 2016

4 Videos That Help Students & Parents Understand Financial Aid

The FAFSA and financial aid packages offered by universities can be difficult for the first-time college student to navigate. And if you're a first generation college student it can be even more difficult because you may not know who to turn to for advice. Fortunately, a lot of high school guidance departments are doing more than ever to help students understand the FAFSA and financial aid. Planet Nutshell produced two good videos that will also help students and parents understand the FAFSA and financial aid. The videos are embedded below.

Choosing Financial Aid in a Nutshell from Planet Nutshell on Vimeo.

Borrow Wisely: FAFSA in a Nutshell from Planet Nutshell on Vimeo.

Understanding how federal student loans are different from private student loans can help students and their parents choose the best financial aid package. The following two videos, also from Planet Nutshell, do a nice job of explaining private vs. federal student loans.

Understanding Federal Student Loans in a Nutshell from Planet Nutshell on Vimeo.

Federal vs. Private Student Loans in a Nutshell from Planet Nutshell on Vimeo.

These videos were produced by Planet Nutshell with funding from the U.S. Depart of Education, the Utah Higher Education Assistance Authority, and the Utah Education Network.

Monday, December 2, 2013

Economics Lessons for Students of All Ages

A couple of weeks ago David Andrade posted a short list of financial literacy resources for students. Money As You Grow is one of the items on the list that is new to me. Money As You Grow was developed by the President's Advisory Council on Financial Capability.

Money As You Grow features lesson activities for students from pre-K through college. The interactive site outlines financial literacy milestones for each age group. Click on an age group and milestone to see a short list of activities that you can do with students to help them reach a new financial literacy milestone.

Money As You Grow offers free posters about the milestones and activities shared on the website. The posters are available in a variety of sizes for you to download and print.

Applications for Education
It is never too early to start teaching students about the responsible use of money. What I like about Money As You Grow is that many of the suggested activities are things that parents can do with their children during the course of a normal day of running errands. I also like the suggested credit card activity for teens. In the credit card activity for teens they are asked to use the Federal Reserve's website to see how long it would take to repay $1,000 credit card balance if they only make minimum payments on time every month.