The Money Game[Plan]
“The Money Game[Plan]” is the Student Success Center's Financial Literacy presentation. Students are introduced to critical financial concepts and experience the importance of thoughtful financial decision-making within the context of college living. Through a financial decision-making game, guided discussion, and a take-away financial checklist for their first-year, students will leave with a solid foundation for developing financial independence, as well as a list of on-campus resources to assist them in being financially successful in college.
“The Money Game[Plan]” presentation supports University 101 learning outcomes:
II. Help Students Discover and Connect With the University of South Carolina
a. Identify appropriate campus resources and opportunities that contribute to their educational experience, goals, and campus engagement
The presentation will include recommendations for resources that will support students in specific areas of their financial, personal, and professional development. Resources highlighted & content areas are as follows:
- Money management, credit, financial decision-making, and goal-setting: Financial Literacy Program one-on-one consultations
- Working while in college: Career Center
- Moving Off-Campus decisions & support: Off-Campus Student Services
- Paying for college: Office of Financial Aid & Scholarships
- Maximizing your college experience: Office of Student Engagement
- Academic success & time management: ACE Coaching (Student Success Center)
b. Develop and apply skills that contribute to building positive relationships with peers, staff and faculty
Presenters facilitate an activity and multiple discussions among the group where students will engage with their classmates. Some of the activities deliberately expose differences between student values, financial needs, & goals. Students will be challenged to acknowledge and explain that there is no single best recommendation for student finances because students' backgrounds, experiences, and needs vary greatly, proving the adage that finances truly are personal.
III. Prepare Students for Responsible Lives in a Diverse, Interconnected, and Changing World
d. Describe processes, strategies, and resources, and explain the implications of their decisions, related to their overall wellness
The main activity requires students make financial decisions and will help students identify decision-making strategies (needs vs. wants, personal values, and goal-setting) that will benefit their financial well-being. Students will also learn how poor financial decision-making can negatively impact their financial future and goals.
As a result of attending this presentation students will:
- Better understand how to effectively manage their personal finances in college
- Better understand how their financial decisions can impact their success in college
- Be able to identify resources on campus to support their financial well-being while at USC
- Introduction & Intro to Financial Literacy Program (2-3 minutes)
- Activity: Financial Decision-Making, Goals, & Budgeting (20-25 minutes)
- Game: In groups, students will be asked to make a series of financial decisions - typical expenses for college students - based on their assigned income. With each decision, students have to spend the group's set of "Cocky Bucks," but must budget wisely. Decisions include topics such as saving money, living with roommates, managing a credit card responsibly, and more.
- Debrief: At the conclusion of the activity, the facilitator will debrief the activity to help students understand how their values play into their financial decisions, the difference between needs vs. wants, and students’ goals in college and beyond.
- To-Do List Handout: Resources to assist students with financial decision-making at USC
- Maximizing Your USC Experience (10 minutes)
- Review the Cost of Attendance at USC
- 5 Steps for Maximizing Your USC Experience: Students will engage in a discussion on how making good choices about their college experience can benefit their success in college and their future financial well-being. The 5 Steps are:
- Choose a major wisely
- Minimize costs
- Make timely progress
- Perform well
- Finish your degree
- To-Do List Handout: Resources to assist students with making the most out of their time at USC
The Financial Literacy Coordinator is the creator of this presentation and a Certified Personal Financial Manager. The GA for Financial Literacy is trained by the Coordinator in basic financial literacy topics and is evaluated by the Coordinator through quizzes and oral evaluation to determine comprehension & readiness on presentation content.
Financial Literacy Peer Educators are the primary facilitators of this presentation. They complete multiple quizzes on presentation content and topics so they are fully prepared. Before a Peer Educator gives this presentation, they must present in front of FLP staff, observe a seasoned presenter, and then co-present their first presentation. They are observed by program staff or returning Peer Educators multiple times throughout the semester to ensure proper delivery & consistency.