Performance Based Learning: Using Your Mobile Phone for Financial Management and Decision Making

Educator engages students in performance based learning to introduce mobile phones as a tool for financial management and decision making.
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About this Micro-credential

Apply for a micro-credential before December 22nd, 2017 for a $75 Amazon gift card!*

*Offer valid until 12/22/2017. To receive a gift card, participant must complete all portions of the micro-credential application including the optional survey. Gift cards will be awarded in the form of Amazon eGift Cards emailed to the account specified by the participant. Each participant can receive maximum one gift card. GFLEC reserves the right to withdraw this offer at any time.

Key Method

The educator utilizes performance-based learning to facilitate students learning to use their mobile phones as a tool for financial management and decision-making.

Method Components

What is performance-based learning?

Performance-based learning and assessment represent a set of strategies for the acquisition and application of knowledge, skills, and work habits through the performance of tasks that are meaningful and engaging to students.

Components of a performance-based learning activity:

  • Requires students to use high-level thinking to perform, create, or produce something with transferable real-world application.
  • Performance tasks should be interesting to the student.
  • Performance tasks should be well connected to the important content, process skills, and work habits of the curriculum.

Suggested Implementation:

  1. Introduce students to research exhibiting why mobile phones can be an effective tool for financial management and financial decision-making.
  2. Students review articles that explain various ways a mobile phone could be used for financial management and financial decision-making
  3. Students use a review guide with a checklist to explore and review mobile applications relevant to their current financial lives. Students can download mobile applications to their mobile phones.

Research & Resources

Supporting Research


Example mobile applications that can be used by teens for financial management and financial decision-making:

Research exhibiting why mobile phones can be an effective tool for financial management and financial decision-making:

  • Consumers and Mobile Financial Services 2016. Rep. Board of Governors of the Federal Reserve System, Mar. 2016. Web. 20 Apr. 2016.

  • Kadlec, Dan. “Why Your Teens Would Share a Car But Not a Cellphone |” Business Money Why Your Teens Would Share a Car But Not a Cellphone. TIME, 29 Jan. 2014. Web. 20 Apr. 2016.

Submission Requirements

Submission Guidelines & Evaluation Criteria

The items in this following section detail what must be submitted for evaluation. To earn the micro-credential, you must receive a passing evaluation for Parts 1, 3 and 4, and a “Yes” for both artifacts submitted for Part 2.

Part 1. Overview Questions

(200-word limit):

  • How did you use background knowledge to set up this lesson about using a mobile phone for financial management and financial decision-making?

Part 2. Work Examples/Artifacts

Provide two student artifacts of review guides. You must earn a “Yes” score for this portion of the total submission in order to earn the micro-credential.

Part 3. Student Reflection

Please include reflections from three students who completed the activity submitted in Part 2, using the following questions as guidance for the students (300-word limit each):

  • What applications did you explore that can aid in managing your day-to-day financial decisions?
  • What applications did you select that can aid in managing your day-to-day financial decisions, and why did you select the applications?

Part 4. Teacher Reflection

Provide a reflection of what you learned, using the following questions as guidance (150-word limit):

  • How did this technique help you communicate this personal finance content to your students?
  • Which other personal finance topics can this teaching technique be used for in the classroom?

Part 5. Survey (Optional)

Please answer a brief survey about your experience teaching personal finance. Your responses will:

  • help us understand barriers personal finance teachers face;
  • and help us improve the resources being offered to personal finance educators

We appreciate your help.

Except where otherwise noted, this work is licensed under:
Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0)


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