Dr. Pat Page, a current classroom teacher, NGPF Fellow, and former State Teacher of the Year, recently completed her Ph.D. and studied the parents’ perceptions of financial technology to support financial socialization and literacy levels. Together, with FamZoo owner Bill Dwight, they shared what they learned, why it should matter to teachers, and how we can apply it to support our own students. They discuss family socialization examples such as students teaching parents and boiling down what parents can teach their kids into one 4x6 index card. 

Should parents pay an allowance? Should they pay for chores? Should parents assess fines to their kids for misbehaving? Find out what Dr. Page and Bill have to say!

Details:

• 0:00~2:26 Introduction
• 2:26~10:20 Bill and Dr. Page talks about her research
• 10:20~13:38 What kind of financial mistakes do kids make?
• 13:38~16:12 Issues with the gamification of financial apps
• 16:12~24:55 Prepaid cards, technology, and consumer safety 
• 24:55~31:04 How FamZoo operates
• 31:04~34:15 The importance of family conversations
• 34:15~39:37 COVID and financial fragility
• 39:37~45:53 How families can teach kids about personal finance
• 45:53~53:32 Using cash versus plastic money
• 53:32~56:55 How to get your kids involved
• 56:55~57:12 Conclusion

Resources:

• FamZoo

About the Authors

Brian Page

Making a difference in the lives of students through financial capability is Brian’s greatest passion. He comes to NGPF after fifteen years of public school teaching where he was the ‘11 Ohio Department of Education recipient of a Milken National Educator Award, the CEE Forbes Award winner, and a Money Magazine/CNN "Money Hero". He served on the working group for President Obama's Advisory Council on Financial Capability. He has private school experience as a Trustee for the Cincinnati Country Day School and was a past Ohio Jump$tart President. Brian holds a BBA and M.Ed. When Brian isn’t working alongside his NGPF teammates he is likely spending time with his wife, three children, and dog; hiking, or watching Ohio State football.

Ren Makino

Ren started interning at NGPF in 2014, and worked part-time through high school and college. With his knowledge growing alongside NGPF, he joined the team to work full-time after graduating from college in 2020. He is also the producer of the NGPF podcast. During his free time, he likes to try out coffees from different roasters across the world.