Budget Challenge®The Road Test for Personal Finance®
Budget Challenge and Road Test for Personal Finance are Registered Trademarks of ProperLiving, LLC. U.S. Patent No. 8,444,418 and 8,740,617. Copyright 2016 All Rights Reserved
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Format 20 – What is Budget Challenge? – How is Budget Challenge different?
• 2015 Personal Finance Program of the Year
20 – Demonstration of Budget Challenge – Experience Budget Challenge 20 – Discussion (Q&A) - Register to play Budget Challenge
Budget Challenge and Road Test for Personal Finance are Registered Trademarks of ProperLiving, LLC. U.S. Patent No. 8,444,418 and 8,740,617. Copyright 2016 All Rights Reserved
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What is Budget Challenge®? Budget Challenge® is an online 916 week personal finance simulation where students compete to best manage a typical household budget in real-time. – – – –
Works in real-time Uses real personal finance tools Provides real consequences Operates via Internet, email, SmartPhone App – Provides online customer service to teachers & students – Meets curriculum standards for Jump$tart & CEE – Provides a safe environment
Budget Challenge and Road Test for Personal Finance are Registered Trademarks of ProperLiving, LLC. U.S. Patent No. 8,444,418 and 8,740,617. Copyright 2016 All Rights Reserved
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What is Budget Challenge®? Students Learn by Doing! Receive and pay bills Receive paychecks (pay taxes) Save for retirement in 401k Answer weekly quizzes Initiate conversations In the classroom With online customer service At home
Budget Challenge and Road Test for Personal Finance are Registered Trademarks of ProperLiving, LLC. U.S. Patent No. 8,444,418 and 8,740,617. Copyright 2016 All Rights Reserved
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It all starts with a Budget • • • •
To do well in Budget Challenge, students will need to save what they can The only way to know what you can save is by creating a budget Create a plan and execute to the plan. Adjust for unexpected events.
Budget Challenge and Road Test for Personal Finance are Registered Trademarks of ProperLiving, LLC. U.S. Patent No. 8,444,418 and 8,740,617. Copyright 2016 All Rights Reserved
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Leaderboard Score
Increases your score
Decreases your score
• Savings • Rewards • Correctly answered quiz questions • Completed surveys
• Fees • Penalties
Balance between Present and Future Self Budget Challenge and Road Test for Personal Finance are Registered Trademarks of ProperLiving, LLC. U.S. Patent No. 8,444,418 and 8,740,617. Copyright 2016 All Rights Reserved
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What does it mean to be Real-World Ready? Understanding the financial world you live in by: • Researching products and services • Understanding the terms of an agreement before engaging a vendor for services • Seeking out information before making decisions • Developing a reminder system for when invoices are due • Establishing sound financial habits • Controlling credit card utilization • Building and adhering to a plan or budget • Applying previously gained knowledge to a new situation.
Budget Challenge and Road Test for Personal Finance are Registered Trademarks of ProperLiving, LLC. U.S. Patent No. 8,444,418 and 8,740,617. Copyright 2016 All Rights Reserved
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Real-World Ready Score • Money management is more than knowledge • Practice decision making
Decision Making
• Create habits
Habits
Confidence
• Build confidence
• Determines H&R Block scholarship winners
Budget Challenge and Road Test for Personal Finance are Registered Trademarks of ProperLiving, LLC. U.S. Patent No. 8,444,418 and 8,740,617. Copyright 2016 All Rights Reserved
What makes Budget Challenge® unique? • A 24/7 responsibility that does not end when students leave the classroom • Plays for 10 weeks giving students the experience of two billing cycles • Simulates real world consequences
• Provides a competition that scores and ranks students • Provides teacher materials and resources that integrate with the game scenario Budget Challenge and Road Test for Personal Finance are Registered Trademarks of ProperLiving, LLC. U.S. Patent No. 8,444,418 and 8,740,617. Copyright 2016 All Rights Reserved
What makes Budget Challenge® unique? • Offers a live Help Desk • Updates and improves annually based on teacher feedback • Provides simulation results giving teachers a way to measure the success of the program
• Compiles effectiveness data available at www.budgetchallenge.com • Aligns with national CEE and Jump$tart standards Budget Challenge and Road Test for Personal Finance are Registered Trademarks of ProperLiving, LLC. U.S. Patent No. 8,444,418 and 8,740,617. Copyright 2016 All Rights Reserved
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How it Works Registration Before Simulation
Make Choices & Budget
• Create account • Confirm email address
• Read info packet • Use budget tool • Make vendor selections
Start of Simulation
View & Pay Bills During Simulation
Manage Money & Save
• Learn by doing • Manage budget in real time • Pay bills • Save in 401k • Take Quizzes
Budget Challenge and Road Test for Personal Finance are Registered Trademarks of ProperLiving, LLC. U.S. Patent No. 8,444,418 and 8,740,617. Copyright 2016 All Rights Reserved
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Budget Challenge Offerings
• Free for U.S High School students • Student Scholarships • Fixed simulation schedule • 10 week simulations
• • •
Customizable simulation dates $20/student High school and middle school students
• • • •
NEW - College Edition Fixed simulation schedule Cost is based on class size Self-directed by the student
Budget Challenge and Road Test for Personal Finance are Registered Trademarks of ProperLiving, LLC. U.S. Patent No. 8,444,418 and 8,740,617. Copyright 2016 All Rights Reserved
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H&R Block Budget Challenge Details • 3 FREE sponsored simulations this school year. ▫ Begin in January for the spring semester. • Scholarship Opportunities ▫ 5 students each semester will win a $20,000 college scholarship ▫ Based on the Real-World Ready Score
Budget Challenge and Road Test for Personal Finance are Registered Trademarks of ProperLiving, LLC. U.S. Patent No. 8,444,418 and 8,740,617. Copyright 2016 All Rights Reserved
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Simulation Dates Chart
Simulation Dates located at www.hrblock.budgetchallenge.com by clicking Learn More on the main menu Budget Challenge is a Reg. Trademark of ProperLiving, LLC. U.S. Patent No. 8,444,418 and 8,740,617. Copyright 2014 All Rights Reserved
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Register a Teacher Account New Teacher ▫ Register an account at www.hrbds.org
Returning Teacher ▫ Login with your current account at www.hrblock.budgetchallenge.com
▫ Create a Class for fall and spring simulations. ▫ Create a Class for fall and spring simulations.
Budget Challenge and Road Test for Personal Finance are Registered Trademarks of ProperLiving, LLC. U.S. Patent No. 8,444,418 and 8,740,617. Copyright 2016 All Rights Reserved
