Workshop
Design Thinking
“Student Finantial Problem”
“I don’t plan to fail, but I fail to plan.”
Illustration by Sangyup Kim
1. Why
“
Students’ lack of financial literacy is quite serious problem. More than one in six U.S. students failed to reach the baseline level of proficiency in financial literacy...
“
finally the financial crash of 2008 really showed how unprepared students were for handling their own personal finances to better prepare for the future.
“
We get a job but nobody’s teaching anybody how to manage money properly.
2. Persona
Name: Ursula Spend-a-lot
Age: 20 / Junior Year
Job: Student / Fine Art Major
Background: Youngest of 5 siblings with a single father
Illustration by Sangyup Kim
I __________.
- am a pessimist
- feel like my past family life, financial state are holding my back
- avoid finances because my head is full of worrying of school and future job
- spend a lot of time and money with my friends
I want __________!
- to start prioritizing and budgeting
- to get a good paying internship in the summer
- to overcome my negative outlook and have a long term goal
- to learn more financial literacy
“She need to have financial knowledge and healthy financial habits.”
5. How to Make Her Fun?
We thought about how we reduce her stress when she think about the financial.
Key-Point
We thought the social media can be the key to make her to have good spending habits. Ursula does what her friends do because they make her feel comfortable. This will cause her to be more comfortable in financial situations.
Illustration by Sangyup Kim
6. Resourse
UArts Portal (School Portal)
UArts portal is outdated and difficult to use. This is used for grades and resources.
App is easier to use than the original portal. This also relates more to this age group and makes it more accessible.
Make school portal to app and add financial category.
Mentoring-system
School supports mentoring system,
if there is students needs in any category school support actively.
She feels more comfortable to talk and open her mind to peer age group.
7. Solution
Make School App and Add a Social Media Function
Friends are all involved and are all comparing their spending habits. Users can post their achievments concerns and promote school events. They will come out of this with confidence and financial literacy.
Add Financial Tracking
This will have a visual of what you are spending money on each month. This will also help you budget your spending.
Peer Mentoring
A relatable, similar age mentor who educates how to shop better and also educating on basic finance.
