QR Challenge: Personal Finance and Investing
Teacher Notes
A. Prior to the lesson:
1. Arrange students into groups. Each group needs at least ONE person who has a mobile device.
2. If their phone camera doesn't automatically detect and decode QR codes, ask students to
- Download a QR reader (e.g. I-Nigma | NeoReader | Kaywa) onto their mobile devices
- Bring these devices into the lesson.
3. Print out the QR codes.
4. Cut them out and place them around your class / school.
B. The lesson:
1. Give each group a clipboard and a piece of paper so they can write down the decoded questions and their answers to them.
2. Explain to the students that the codes are hidden around the school. Each team will get ONE point for each question they correctly decode and copy down onto their sheet, and a further TWO points if they can then provide the correct answer and write this down underneath the question.
3. Away they go! The winner is the first team to return with the most correct answers in the time available. This could be within a lesson, or during a lunchbreak, or even over several days!
C. TIPS / OTHER IDEAS
4. A detailed case study in how to set up a successful QR Scavenger Hunt using this tool can be found here.
Questions / Answers (teacher reference)
Question | Answer |
1. How much should you save for emergencies? | $500
|
2. What is the first rule in personal finance? | pay yourself
| 3. Is investing in the stock market risky? | yes
| 4. Which type of interest earns interest on your interest? | Compound
| 5. You can use what rule to estimate time to double your principle? | rule of 72
| 6. Protection that is purchased just in case? | insurance
| 7. Loan that is used to purchase a home? | mortgage
| 8. Money that is passed along to the government? | tax
| 9. Amount before deductions? | Gross pay
| 10. Amount after deductions? | Net pay
| 11. This score tells a lender how reliable you will be with paying back a loan? | credit
| 12. Starting amount in an account or amount borrowed? | principle
| 13. Amount you pay for insurance each month? | premium
| 14. Additional amount paid to a lender on top of principle? | interest
| 15. Specified amount paid at the doctor's office? | co-pay
| 16. An account that is used to save for retirement? | 401k
| 17. Form of interest that uses I=prt? | simple
| 18. Amount that has to be met before insurance will pay? | deductible |
Personal Finance and Investing: QR Challenge
https://www.classtools.net/QR/decode.php?text=How_much_should_you_save_for_emergencies?
Question 1 (of 18)
Personal Finance and Investing: QR Challenge
https://www.classtools.net/QR/decode.php?text=What_is_the_first_rule_in_personal_finance?
Question 2 (of 18)
Personal Finance and Investing: QR Challenge
https://www.classtools.net/QR/decode.php?text=Is_investing_in_the_stock_market_risky?
Question 3 (of 18)
Personal Finance and Investing: QR Challenge
https://www.classtools.net/QR/decode.php?text=Which_type_of_interest_earns_interest_on_your_interest?
Question 4 (of 18)
Personal Finance and Investing: QR Challenge
https://www.classtools.net/QR/decode.php?text=You_can_use_what_rule_to_estimate_time_to_double_your_principle?
Question 5 (of 18)
Personal Finance and Investing: QR Challenge
https://www.classtools.net/QR/decode.php?text=Protection_that_is_purchased_just_in_case?
Question 6 (of 18)
Personal Finance and Investing: QR Challenge
https://www.classtools.net/QR/decode.php?text=Loan_that_is_used_to_purchase_a_home?
Question 7 (of 18)
Personal Finance and Investing: QR Challenge
https://www.classtools.net/QR/decode.php?text=Money_that_is_passed_along_to_the_government?
Question 8 (of 18)
Personal Finance and Investing: QR Challenge
https://www.classtools.net/QR/decode.php?text=Amount_before_deductions?
Question 9 (of 18)
Personal Finance and Investing: QR Challenge
https://www.classtools.net/QR/decode.php?text=Amount_after_deductions?
Question 10 (of 18)
Personal Finance and Investing: QR Challenge
https://www.classtools.net/QR/decode.php?text=This_score_tells_a_lender_how_reliable_you_will_be_with_paying_back_a_loan?
Question 11 (of 18)
Personal Finance and Investing: QR Challenge
https://www.classtools.net/QR/decode.php?text=Starting_amount_in_an_account_or_amount_borrowed?
Question 12 (of 18)
Personal Finance and Investing: QR Challenge
https://www.classtools.net/QR/decode.php?text=Amount_you_pay_for_insurance_each_month?
Question 13 (of 18)
Personal Finance and Investing: QR Challenge
https://www.classtools.net/QR/decode.php?text=Additional_amount_paid_to_a_lender_on_top_of_principle?
Question 14 (of 18)
Personal Finance and Investing: QR Challenge
https://www.classtools.net/QR/decode.php?text=Specified_amount_paid_at_the_doctor's_office?
Question 15 (of 18)
Personal Finance and Investing: QR Challenge
https://www.classtools.net/QR/decode.php?text=An_account_that_is_used_to_save_for_retirement?
Question 16 (of 18)
Personal Finance and Investing: QR Challenge
https://www.classtools.net/QR/decode.php?text=Form_of_interest_that_uses_I=prt?
Question 17 (of 18)
Personal Finance and Investing: QR Challenge
https://www.classtools.net/QR/decode.php?text=Amount_that_has_to_be_met_before_insurance_will_pay?
Question 18 (of 18)