TimeMAPS Interactive Software and Curriculum 9-12

TimeMAPS Interactive Software and Curriculum

TimeMAPS interactive software and curriculum for personal finance, business and life skills education.

TimeMAPS stands for Time Management for Achieving Personal Success.

According to a 2008 Capital One survey, only 14% of teens have taken a personal finance class in school and 69% of teens say that what they know about managing money, they learned from their parents. Yet, at least one-quarter of the adult population is not saving for retirement, and more than one-third have claimed to be without any non-retirement savings. This came from a 2008 Financial Literacy Survey of adults by the National Foundation for Credit Counseling, Inc. and MSN Money.

And a Charles Schwab "Parents & Money" survey in 2008 concluded that while the majority of parents consider learning about budgeting and credit card management to be more important for today's teens than it was when they were young, far fewer claim to have taught their children these basics (49% and 29%, respectively). While 71 percent agree that the best way for teens to learn about money is from guided, hands-on experience or their own example, only 20 percent of parents involve their teen in the family's budgeting and spending activities.

Now more than ever we need to poise our youth to manage money responsibly for personal and career success. At Realityworks, we help educators meet personal finance curriculum requirements and help students successfully master the many financial concepts that will affect them from high school to retirement. This interactive software and curriculum meets National Standards for Personal Finance Education (JumpStart Coalition) and is aligned to state standards for financial literacy.

Features include:

Easy-to-use software with 54 standards-based personal finance lessons
140+ interactive examples & exercises to reinforce concepts
Library of 700+ financial terms defined in context
Charts, tables and graphs
Career exploration of 1400+ job titles in 23 areas of interest
A Life Simulator for "AHA" moments that bring it all together
Current government data, updated annually

Benefits of using TimeMAPS in the classroom:

Makes personal finance lessons more understandable and enjoyable
Requires less preparation time and paperwork for teachers
Never out of date-information and government data updated annually
Integrates technology into the classroom
Preferred by students over textbooks
Applies active learning and problem solving
Comes with abundant instructor and student resources
Can be used as a complete course or supplement

Engage young people in this challenging subject matter like never before with TimeMAPS!

TimeMAPS includes :-

Curriculum CD

Everything you need to teach Personal Finance including lesson plans, instructor guides, worksheets and quizzes. We've prepared it all for you and aligned it to the standards you need to meet!

Student Software with Life Simulator

Interactive student textbook with lessons, examples and exercises featuring the Life Simulator, where students apply the concepts they've learned. TimeMAPS lets them experience the impact of financial decisions from high school to retirement.

Student Resource CDs

are available to extend learning beyond the classroom. Order these digital "textbooks" in any quantity.

TimeMAPS Online Testing System

The ultimate in paperless testing and grading. Use the default questions or write your own (T/F, matching, multiple choice & essay). Automatic grading with instant results!

Save paper and time, and have the ability to assess students as they progress through the software. Students take the test online and instantly view their graded results*. Our goal is to allow instructors to spend their time teaching - not doing paperwork.

System Features & Benefits:

Easy to use & navigate
Create a test/survey in less than a minute
Use pre-loaded TimeMAPS questions
Ability to edit or delete existing questions or add new questions
Use a single lesson's questions or import/combine multiple lessons
Create up to 4 versions of the same questions to prevent cheating
Schedule the date & time
Automatic grading
Instant results
Elect to receive email notification of each student's grade
View an overall summary

* Note: If you elect to create an essay question, it must be graded manually.

Aligned with Perkins funding and Enhancing Education Through Technology grants.

Statistics:

After the greatest economic expansion in the history of the world coupled with a generation that has more income than any generation before the average Baby boomer will have less than 50,000 in savings apart from home equity according to federal reserve boards survey of consumer finances for 2007. From House Resolution 357, April 23 2009

84% of undergraduates had at least one credit card in 2008, up from 76 percent in 2004 with the average number of cards increasing to 4.6 according to Sallie Mae's National Study of Usage Rates and Trends 2009

Only 14% of teens have taken a personal finance class in school and 69% of teens say that what they know about managing money, they learned from their parents.

[Capital One, Capital One's Annual Survey Finds Back-to-School Shopping Will Be Impacted by Economy, July 21 2008 ]

The 2008 Financial Literacy Survey of adults, conducted on behalf of the National Foundation for Credit Counseling, Inc. and MSN Money, revealed that:

One in every 10 Americans with a mortgage reports being late or missing a mortgage payment in the last year.
7% of adults are either getting calls from collectors or seriously considering filing for bankruptcy.
Only 59% of the young adults in Generation Y (ages18-29) pay their bills on time every month.
More than one-third of adults say they do not have any non-retirement savings. And though a majority is currently saving for their retirement, more than one-quarter are not.
Almost half of those who closely monitor their finances are more likely to say that they learned about personal finance from their parents or at home, underscoring the potential positive influence parents can have on their children financially.
Only one-quarter expect their income to outpace inflation. And more than half of all Americans believe their income will shrink, not keep pace with inflation, or stay even.

[Prepared by Princeton Survey Research Associates International for the National Foundation for Credit Counseling and MSN Money, 2008 Financial Literacy Survey, April 29, 2008 ]

Charles Schwab's 2008 "Parents & Money" survey revealed that:

Only about one in three parents (34%) has taught their teen how to balance a checkbook, and even fewer (29%) have explained how credit card interest and fees work.
While 71% agree that the best way for teens to learn about money is from guided, hands-on experience or their own example, only one in five parents (20%) involves their teen to a great extent in the family's budgeting and spending decisions.
93% American parents with teens worry their teens might make financial missteps such as: overspending or living beyond their means (67%), getting in over their head with credit card debt (65%), failing to save for emergencies (60%) or failing to stick to a budget (57%). And a full third of parents (33%) anticipate their "golden years" will likely involve helping their kids financially.
But while the majority of parents consider learning about budgeting (63%) and credit card management (55%) to be more important for today's teens (than when they themselves were young), far fewer claim to have taught their children these basics (49% and 29%, respectively).
More than 67% of parents think that learning about money management, including budgeting, saving and investing, is not one of their teen's top priorities. However, previous research shows otherwise: 60% of American teens identified it as a top priority in Schwab's 2007 Teens & Money Survey.
More than one in four parents surveyed (28%) are not currently saving for either their own retirement or for their child's college education.
While investing is cited by almost half (49%) of parents as more important for today's youth to learn about than it was a generation ago, few are teaching their kids about it. Nearly all parents (97%) believe it's important to teach their teens to save and invest for retirement and almost half (48%) worry that their kids won't start saving soon enough, yet only 19% have taught their teens how to invest money to make it grow and even fewer (14%) have taught them what a 401(k) plan is.
More than two-thirds of parents (69%) admit to feeling less prepared to give their teens advice and guidance about investing than they do the "birds and the bees."

[Charles Schwab, Schwab "Parents & Money" Survey Offers Prescription for Raising Financially Healthy Kids, March 26, 2008]

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"Today's students are in the 'click-and-learn' generation. When you can offer this kind of medium to deliver curriculum without sacrificing content, and save money versus using traditional textbook resources, you should consider it."

-Lou DiCesare, Business Education,
Irondequoit High School,
Rochester, New York

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