Woodson, state treasurer hand off financial know-how
ONLINE GAME HELPS STUDENTS REACH MONETARY SAFETY
By Ashlee Clark
Pablo Alcala
Former University of Kentucky quarterback Andre Woodson sat among 30 hand-picked students for a demonstration of the online video game "Financial Football" at Henry Clay High School Tuesday. The game is part of Visa's "Practical Money Skills for Life" financial education system. Photo by Pablo Alcala | Staff
Former University of Kentucky quarterback Andre Woodson towers about a head above state Treasurer Todd Hollenbach and outweighs him by at least 50 pounds.
But Hollenbach pummeled Woodson in a game of football Tuesday.
Yes, it was a video game. But a win's a win, right?
"It's great," Hollenbach said. "I've been a fan of his for a long time."
Hollenbach and Woodson played against each other on a screen at Henry Clay High School during a game of Financial Football, a video game designed to teach teenagers and young adults about money management.
"I think it's special when you get to bond with all these people," Woodson said of Tuesday's activity.
Hollenbach will distribute copies of the game to every high school and public library in Kentucky to address financial illiteracy.
"There's nothing more important than financial matters on a day-to-day basis," Hollenbach said.
The online video game is set up much like a real football game, including touchdowns and field goals. But to advance in the game, players must correctly answer questions about finances.
Hollenbach and Woodson each played with a team of Henry Clay students.
Some of the teenagers discovered they have a lot to learn about money management.
"Besides having a job, I don't have any financial knowledge," senior Erin Grupe said.
The students said they didn't get a chance to learn a lot about finances Tuesday because they didn't play a full game. But gamers could eventually learn more about money.
"It's definitely a step in the right direction," junior Alisha Hendrix said.
Test your skill
Q: Which is not an asset?
a. balance in a checking account
b. a retirement account
c. a credit card debt
d. a motorcycleQ: What's the easiest way to fix a budget in which income is less than spending?
a. increase income
b. reduce spending
c. reduce taxes
d. increase interestQ: What a person gives up when choosing one option over another is commonly called:
a. the time value of money
b. a personal risk
c. an opportunity cost
d. spontaneityQ: Investments that may be difficult to convert to cash quickly have a high ____ risk.
a. inflation
b. economic
c. income
d. liquidity
To play Financial Football, go to http://www.kentucky.practicalmoneyskills.com/english/at_school/trainingcamp/
Answers: C, B, C, D