Author: Cassandra Wood

Your Paycheck

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Understanding Your Paycheck By now, you’ve received your first few paychecks on Fridays, but do you understand everything on the pay stub? Knowing how you’re paid, and what is deducted, is important when trying to budget for the future – knowing your gross pay isn’t going to cut it! Paycheck Explorer – Click the info hotspots for more information! Earnings The left side of your … Continue reading Your Paycheck »

Writing Checks

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Writing A Check You get your paycheck every week of the game, but we haven’t asked you to write out a physical check yourself. These days, most transactions in a “Checking Account” come from debit cards or other direct withdraws. However, there are still some situations where you might need to write a physical check to make a payment – and you’ll need to know … Continue reading Writing Checks »

Net Worth

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Net Worth Your “Net Worth” is kept in a running tally across the top of the screen – and you probably wish it were a lot bigger! Net Worth and Loans When you apply for a loan, banks will often ask for a calculation of your net worth.  If you make a list of all the things you own and their value, and then subtract … Continue reading Net Worth »

Preparing For Spending Shocks

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Preparing For Spending Shocks “Spending Shocks” are large, irregular expenses. Spending shocks are the #1 reasons why budgets end up abandoned, and being prepared for large spending shocks is the best thing you can do to keep your personal finances healthy. There are two types of spending shocks: Budgetable and Unbudgetable. Budgetable Spending Shocks A “Budgeted” spending shock is a big expense you might only … Continue reading Preparing For Spending Shocks »

Opportunity Cost

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Opportunity Cost “Opportunity Cost” is what needs to be given up to get something. This is different from an item’s price. Imagine you want to buy some stock – you can afford one share of either Apple (AAPL) or Alphabet, Inc. (GOOG). Your Opportunity Cost of buying one is that you cannot also buy the other, meaning you’ll miss out on any potential returns and dividends. This problem … Continue reading Opportunity Cost »

Needs vs Wants

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Needs vs Wants For most working people who are paid a salary or given a fixed number of hours to work a week, there is not much they can do to increase their income from week to week.  So, like most working Americans, the best way to manage your personal budget is by controlling your expenses.  And the best way to control your expenses is … Continue reading Needs vs Wants »

Managing Your Bills

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Managing Your Bills You’re making progress on your second month of the game – how’s your Checking Account holding up? Just like the real world, there is a lot of uncertainty with your budget. You might have been able to pay for every bill directly with your Debit Card so far, but you will find yourself starting to get short on cash (especially if you’ve … Continue reading Managing Your Bills »

Investing in Stocks

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Investing in Stocks When most people think investing, they think the stock market. If you find yourself with more money in your savings account than you need for your Emergency Fund, investing in stocks might be an opportunity to get a better return on investment than your savings account interest rate. A stock is a piece of a company that you own – most investors … Continue reading Investing in Stocks »

Investing in Bonds

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Investing in Bonds If you are looking for a consistent return on investment without worrying about the ups and downs of the stock market, you might want to consider investing in Bonds. Bonds typically have lower returns than stocks, ETFs, and mutual funds, but have a consistent interest payment to their investors every year – usually much better than you would get with your savings … Continue reading Investing in Bonds »

Insurance Basics

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Insurance Basics You probably noticed that you need to pay your car insurance each month, which is usually the most a college student needs to worry about. However, as you get closer to the graduation date, there are several other types that can become important! Car Insurance If you drive a car, you MUST have car insurance by law. This is why it is the … Continue reading Insurance Basics »

Financial Institutions

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Financial Institutions As you grow older and start living on your own, at some point you will need to open your own checking, account, brokerage, and retirement accounts. When you are ready to open these accounts, you need to understand the differences between the various financial institutions that offer each of these accounts so you can make the best decision for your needs. Most people … Continue reading Financial Institutions »

Comparison Shopping

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Comparison Shopping You’ve already made dozens of spending decisions throughout the game, usually with just a few options to choose from. In the real world, you will need to spend a lot more time and effort into making sure your get the best deal! Here’s a few quick tips to get you started in the right direction. Tip 1: Focus On The Big Purchases You … Continue reading Comparison Shopping »

Build Your Emergency Fund

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Building Your Emergency Fund A recent survey of U.S. workers by CareerBuilder found that a whopping 78% are living paycheck to paycheck. Similarly, another recent survey by Bankrate found that 60% of Americans would NOT be able to cover an unexpected $1,000 expense. This means that most Americans don’t have enough in savings to cover an unexpected event like a trip to the dentist because … Continue reading Build Your Emergency Fund »

8-09 Cryptocurrency Trading

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Cryptocurrency Trading What are Cryptocurrencies? Cryptocurrencies come in many shapes and sizes. Some of them are designed to be like a form of “digital gold”, like Bitcoin. Others, like Ethereum are designed to be programable money. There are many different use cases for these “digital assets”. In general, cryptocurrencies are a form of digital money that is secured by the highest level of cryptography. Cryptocurrencies … Continue reading 8-09 Cryptocurrency Trading »

How Do Bonds Work?

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How Do Bonds Work? A bond is an IOU. Governments and businesses can raise money for their projects by requesting money from investors. The organizations who raise money through bonds are called bond issuers. The groups or individuals who provide the money are called bond buyers, or bond holders. The bond buyer lends money to the bond issuer who agrees to pay them back on … Continue reading How Do Bonds Work? »

PersonalFinanceLab | Personal Finance and Business Education Gamified

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Do you teach personal finance, business, or social studies? Discover why the Budget Game, Stock Game and our Learning Library of assignments and lesson plans will transform how you teach financial literacy. And make teaching more fun, curriculum planning easy, and improve student engagement! Download the Teacher Packet Brochure, click here. Budget Game Students learn how to build an emergency savings fund while balancing their … Continue reading PersonalFinanceLab | Personal Finance and Business Education Gamified »

StockTrak | Finance Education Gamified

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StockTrak has been the global leader of virtual stock market simulations for over 30 years. We provide a virtual platform for professors to teach financial literacy to their students enrolled in university or college classes. Investment professors, don’t let your students miss out on this fantastic learning opportunity. Last year, we had 8000 students registered across our properties. We know how to provide the tools … Continue reading StockTrak | Finance Education Gamified »

Student User Guide

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What Is TD Bank’s Virtual Stock Market Simulation? It is a portfolio simulation tool for students to get familiar with real market data, buying and selling securities, and managing a portfolio in a controlled environment. Teachers or Instructors can set up a class by defining the “class rules” – what types of securities can be traded (stocks, options, mutual funds, etc.), how much starting cash … Continue reading Student User Guide »

Instructor User Guide

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Welcome to TD Bank’s Stock Game! This resource packet has everything you need to successfully use our Stock Game in your class; whether it’s remote or in person. Logging In Once you have your account, you can log in directly at TD Bank Virtual Stock Market Game – just click “Login” at the top left of the page. Teachers and students use the same button … Continue reading Instructor User Guide »

Assignment 2: You are in the game. Now what?

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For each of the stocks you now own do the following: 1. What is the company’s industry? Will the industry do well in the current economy? Airlines, restaurants, and entertainment stocks are doing poorly due to COVID These stocks should recover as the economy gets going after COVID Internet stocks have done well during COVID Zoom, Amazon, Walmart (online sales are growing), etc. 2. Look … Continue reading Assignment 2: You are in the game. Now what? »

Elementary Assignment 2: You are in the game. Now what?

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For each of the stocks you now own do the following: 1. What is the company’s industry? Will the industry do well in the current economy? Airlines, restaurants, and entertainment stocks are doing poorly due to COVID These stocks should recover as the economy gets going after COVID. These stocks should recover as the economy gets going after COVID Internet stocks have done well during … Continue reading Elementary Assignment 2: You are in the game. Now what? »