When she was at Summer Institute 2016, NGPF Fellow Sue Suttich told us about the “Cha-Ching” policy she uses in her classroom. Now, as a follow-up, she’s providing all of you with this catchy strategy she implements throughout the year to help her students remember the most important personal finance concepts. Thanks for sharing, Sue!

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At the summer institute I shared my tip on getting my students to remember a concept. I give them a quick response to repeat back if they hear the concept. For instance, when I teach them about 401k’s and talk about how it is free money, how important it is to participate in it, how lucky they are if they work for a company that has one, etc. Then I tell them every time they hear me say 401k they must respond “Cha Ching” as free money is a cool thing and everyone must participate in a 401k! Then we practice it a few times with everyone having to yell “Cha Ching” as I say 401k. It works! I am confident that all my students know what a 401k is and that they will participate in one if given the chance! I believe the more we can repeat something, especially if you make students say it out loud, the more likely they will be to remember it.

Well, I have been coming up with other sayings for important concepts and once again my students have to yell something if I say the word. We go over a few at the beginning of each class for repetition so I can feel confident if they learn nothing else from my class at least they will remember these few concepts. I am even putting these sayings on my final! (They will ace it I am sure)

So if you want to try a few in your class here goes:

401k: Cha Ching

Class Mantra: Pay Yourself First

720 credit score: Dateable

Interest: Make it, don’t pay it

Needs vs Wants: Know the difference

Compound Interest: 8th wonder of the world

Budget: Gotta do it, Gotta follow it

Car Insurance: It’s the law

Emergency Fund: Must Have

Save for Retirement-No brainer

3 months expenses in a saving account: Smart Move

Renters Insurance: Got it

Index funds: Yes, please

I am constantly working on others and would love to hear some you might have for the concepts you cover in class.

Sue Suttich