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St. Clair High School teacher Amanda Volz knows a thing or two about what it takes to lead a class of money management masters. Not only did her class last year include H&R Block Budget Challenge grand prize winner Sean Lawrence, six of her students this year won scholarships, along with a $5,000 classroom grant. We caught up with her to find out how she keeps her students motivated in the program and why she’d recommend it to others.
You’ve had two straight years with high-performing students involved in the program. What’s your secret?
I’m fortunate enough to teach the inclusive personal finance class. My financial management class is year-long and we cover all the personal finance topics, so we talk about budgeting, credit, how to deal with mortgages, etc. So, this is content that I purposely tie to the simulation. My students are graded on the quizzes they take, and their participation is recorded so that’s definitely a positive for me that I’m teaching those exact concepts in my class.
How did you include the simulation in your curriculum?
This year I taught it as more of project-based learning format. Last year I did it as more of a culminating project using the concepts I teach. The Budget Challenge was a great support to the curriculum I already teach, and students were learning as they improved. My students were constantly asking questions as they progressed.
What were your students’ reactions when you told them they’d be participating in the program?
They were very into it and started making their budgets and talking to their parents. They knew at the beginning they had to make some really good decisions to hopefully win the scholarship. I know that 100 percent of my class found value in the simulation even though some of them may not have been into it as much as the other students in the Budget Challenge.
How did you motivate your students to participate in the simulation?
All of my kids that won scholarships this year were very engaged, so they didn’t get lazy at any point and used the budgeting tools that were provided by the Budget Challenge. They were strategic and worked together, bouncing ideas off each other, and reminding each other of certain things. I think having a grand-prize winner last year was a huge motivator for my classes this year to see that winning is a possibility for them. One of the ways I introduced the simulation this year was by showing footage of last year and how Sean Lawrence went on to win and I think that was really effective.
Did you get any feedback from your students’ parents?
I’ve gotten so much positive feedback from parents about how their son or daughter was really talking about these concepts at home with them. I think the Budget Challenge was increasing a lot of dialogue at home and a lot of good comments from parents about making personal finance fun. This program is game-based so it makes the process fun.
What did you find most rewarding when including the H&R Block Budget Challenge in your teaching?
I really like that students are taking exactly what they’re learning in my class and the simulation and applying it to their daily lives. I think that’s a huge reward. There’s never any question of “When am I ever going to use this?”
What’s your stance on financial courses in high schools? Do you think they should be required?
Most definitely. I think finance is a major part of everyone’s lives. These are household skills that help our economy. One of the most rewarding parts of teaching this is how kids see the value in all this information that they’re learning.
Would you recommend this program to other teachers?
I definitely recommend the program. I have not found another program that better simulates the money management concept. I think it’s great that everything happens in real time, too. It’s very hands-on and relevant. The game-based aspect of it makes it fun for the students and the scholarship money — that’s a life-changing amount of money for someone to win. It’s also available at no cost to teachers.
Learning financial literacy is fun with the H&R Block Budget Challenge. To find out more about how your teenagers or students can learn real-world money management skills without the real-world consequences, encourage teachers to register here for the next H&R Block Budget Challenge simulation.