Lesson 2: Explore Stash101 and Money-Related Terms
Students will explore the site where they will simulate their financial futures. Students will also explore their feelings about terms related to money.
- Read through the lesson plan and instructional slides.
- Set up your Stash101 account and make sure it’s ready for students to log in and create their accounts. Make sure your jobs, bills, assets, and action items are up to date and ready.
- Make sure the room is set up so that students can comfortably take up to 6 steps forward or backward.
- Cue up Janessa Boulay’s video: https://www.loom.com/share/da3853b4107e4a378cdbb3f994a108ed
Watch video from Janessa Boulay, Stash101 Co-founder (5 min)
Slide: Stash101 Simulation
Say: Let’s watch this video and then share what we expect from the Stash101 course based on what we see.
After watching video, call on 2-3 students to share quick thoughts.
Explore Stash101 (15 min)
Have students get out their computers, and direct them to the login screen of Stash101.
Slide: Step 1: Log in and explore
Say: Go to www.Stash101.com and click on “Create your free account.” Then click on “I’m a student.” A page will appear where you will add the class’s sign-up PIN, create a username, enter your first name, and create a password.
Here is the PIN to add yourself to my class: #########
(*Note: Look for the student sign-up PIN under the purple “Settings” button on your homepage.)
Make sure your password is easy enough for you to remember, but difficult enough that someone can’t just watch you type 12345. Write your password somewhere safe, just in case you forget. Then click “Create.”
Slide: Step 2: Customize your account
Say: Go in and customize your account. Click on the profile icon and create your avatar or upload your own image. You can choose the light or dark theme. Then take a few minutes to explore the site and start to get familiar with it.
While students are exploring the site, collect the homework from the last class.
Homework from the last class:
After you collect the homework, go to your own Stash101 Home screen.
Say: Students who turned in their homework will be getting a Stash101 sign-on bonus!
Click the blue “Apply Action Items” button to give applicable students a bonus of $500 – $2000—your call!
Slide: Step 3: Words to Review
Say: Here are a few financial vocabulary terms you might need a quick refresher on:
- Net worth: value of all assets minus the total of all liabilities
- Assets: anything of value that can be converted into cash
- Liabilities: debts or obligations
- Monthly income: money coming in each month
- Monthly expenses: money going out
- Net income: Income minus expenses
- APR: Annual Percentage Rate. This is the yearly cost you pay to borrow money—or the yearly amount you earn on money that’s invested
Slide: Step 4: Apply for your job
Say: Now, go to the “Jobs” tab and click on “Job Board.” Find a job that interests you. It doesn’t have to be a 100% match for what you want. It’s just an example of a job you might get or be interested in. Click on “Submit Job Application” to the left of the job you choose. For our purposes, just write a quick sentence or two explaining why you want the job, and then click “Submit.” This will assign that job to you and allow you to start receiving pay for it so you can go through the entire Stash101 simulation over the next twelve classes.
Exit ticket and homework (5 min)
Slide: Exit ticket
Say: As you leave today, I want you to answer this question for me as you walk out the door: What do you have a wealth of?
Say: Before our next session, conduct 3 informal interviews with people you’re close to: friends, family members, neighbors, community members, etc. Jot down their answers and be prepared to share them (you won’t have to identify who said what).
- What does wealth mean to you?
- Generally speaking, do you view the word “wealth” as positive, negative, or neutral? Can you give examples of why?
- Do you have a wealth of something other than money? (e.g., knowledge, power, faith, experience, relationships, etc.)
Slide: Pre-work for next lesson
Say: Before our next Stash101 session, read these articles:
Display Takeaway slide.