ConsumerMath.org

Preparing Students for Real Life

Software Tutorials

We have upgraded the application on 8-12-2014!  These tutorials are outdated.  The new software is significantly improved.  All of the same function but a better interface.  You can view the released Program Screen Shots, and keep checking for the new training videos.

So, how does selling your grade and consumer math really work?  The image below will take you through the basic steps to get started.  With a subscription you will have access to the software that keeps track of all of this for you.

Click on the buttons shown below for a video tutorial.

adding courses, preparing for school. how to add students. adding companies to each course. creating job titles, and determining pay. setting what dollar amounts or percentages buy which grade. setting the bills that auto-populate when students are created. setting up how much each assignment is worth and determining your daily pay. establishing how much is taken out for taxes and other withholdings. creating loans, payments, and types. determining which types of insurance will be offered.  auto, fire, medical, etc. creating various insurance policies for each insurance type. what maladies will befall people?  these match the insurance types. Image Map

how to summarize weekly payroll. summarizing the information on the time cards. how to enter payroll into the software. how to summarize weekly payroll. summarizing the information on the time cards. how to enter payroll into the software. Image Map

What is the difference between the Software and the CDs?

*The Financial Tracking Software is designed to help the educator track the students’ income and bills. This software handles the banking, billings, and grade tracking system that is necessary to facilitate a curriculum based on money and not letter grades. It is not intended for students’ direct use with the exception that students are able to log in and check their current account balances as well as having the ability to submit bill changes for the teacher’s approval.

*The Curriculums are free online in pdf format. But if you want the flexibility to alter the original Office documents, you will need to buy the curriculum CDs. Also be aware that we do not guarantee our online curriculum to be available at all times. Purchasing the CDs gives greater freedom to the teacher, ensuring that their lesson material is available and ready regardless of the internet’s current condition. The CDs include all of the unit lessons, projects, worksheets, and forms necessary to teach your class. The Personal Finance CD is the first semester course. Its focus, as its title indicates, is on the individual’s financial success. The Business Finance CD is the second semester course. Its focus is on group projects and finances that are more closely associated with a small business.

The Software and the Curriculum were designed to work together. The software allows the teacher to create a virtual classroom where the students put into practice the skills they are learning in the curriculum. The curriculum begins by teaching the students how to earn money and pay their bills, a practice that continues throughout the course, while the units progress to cover topics that affect how they choose to spend their money.

 

Real Money vs. Virtual Money

No, there is no real money that exchanges hands.  The Financial Tracking Software allows the teacher to create a virtual classroom where the students put into practice the financial skills they are learning in the Consumer Math: Personal Finance and Business Finance Curriculum.  The curriculum begin by teaching the students how to earn money and pay their bills, a practice that continues throughout the courses, while the units progress to cover topics that affect how they choose to spend their money.

The Financial Tracking Software is designed to help the educator track the students’ virtual income and bills. This software handles the banking, billings, and grade tracking system that is necessary to facilitate a curriculum based on money and not letter grades.  It is not intended for student’s direct use with the exception that students are able to log in and check their current account balances as well as having the ability to submit bill changes for the teacher’s approval.  The students will do most of their work on paper, but the teacher will use the software to check the students’ work.

Each week the students earn an income based on their attendance and assignments.  Based on this information, the software will create and print out a Paycheck for each student.  The student will then write checks based on the bills that are introduced in the curriculum.  The Curriculum CD includes the blank checks that would need to be printed for the students.  No real money changes hands, but the virtual setup creates a fun environment where students can learn real world skills without having to suffer through the School of Hard Knox.

 

Quick-Start Guide to the Software:

Step 1:

The most important step you need to take right now is to add a course for each class period you teach.  *On the “Add Course” screen, enter your course name. “Period 1″ will work just fine.

* Choose a Company name. Ex: Math Pirates

*Enter your students.

 

Step 2:

 

The First Week of class:

Your students will begin filling out Time Cards with Lesson 1.2.  They turn these time cards in to you each Thursday.

  1. Thursday:
    1. You, or your T.A. if you have one, will use those time cards to enter/edit Payroll under the Weekly Payroll section.
    2. After entering their time card information, Print Payroll.
  2. Friday:
    1. Hand out the checks you printed Thursday.

 

The Second Week of class:

Your students will begin getting jobs and calculating bills as instructed in the lessons.

  1. As the students gather this information, have them submit their numbers to you online.  You can approve it, or not, later.
  2. Thursday:
    1. You, or your T.A. if you have one, will use those time cards to enter/edit Payroll under the Weekly Payroll section.
    2. After entering their time card information, Print Payroll.
  3. Friday:
    1. Hand out the checks you printed Thursday.

 

The Third Week of class:

By now your students have had 2 weeks of free paychecks, assuming they came to class, and they should have found jobs and calculated all of their bills.  Lesson 3.1 taught them to write checks.  Now it is time for them to pay their bills.

  1. Thursday:
    1. You, or your T.A. if you have one, will use those time cards to enter/edit Payroll under the Weekly Payroll section.
    2. After entering their time card information, Print Payroll.
  2. Friday:
    1. Hand out the checks you printed Thursday.
    2. Students pay their bills.
    3. Reconcile Balances and compare what the students claim they have against what they actually have.

 

The Fourth Week of class and on:

Repeat the steps from week three.

 

 

 

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