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  • Seven Generation Money Management – 7G MM

Contact Kathleen Frank

Email:
Kathleen.Frank​@nau.edu
Call:
928-523-7316

Seven Generation Money Management – 7G MM

Your Game to Financial Sovereignty

7G MM Logo - Seven Generation Money Management - Your Game to Financial Sovereignty

A money management game by NAU

CAIED’s Seven Generation Money Management (7G MM) is a hands-on financial literacy game targeted toward Native American youth to increase their money management skills and to give them a basic understanding of investing, opening a bank account, purchasing a car, renting an apartment, buying a house, and other life skills.

“I have learned that life hits you. You tend to buy things that are not necessary before buying the things you really need. Be smart in what you buy!” ~Aliana B. (age 18) Cherokee “All My Relations” Conference, Anaheim, California

Want to help extend the legacy?

Contribute to 7G MM

How this money management game is played

The scenario: Up to 13 mock businesses. Student are given the control over their finances. Two main rules apply in the game:

  1. Students must have a place to live: either they enroll in college and stay in the dorm, they rent an apartment, or purchase a house
  2. Students must pay their taxes at least once in the game.

The game: Students are given a tribal ID card and a ledger. Students play a one hour session. To simulate real-life experience, the one hour session corresponds to one year and every 15 minutes corresponds to three months. If a student has agreed to an installment loan, e.g., at the car dealership, then they will be responsible to make payments every 15 minutes. They transact with businesses of their choice. How they spend their money is up to them.

The Seven Generation Money Management game in play!

Benefits of playing 7G MM

  • Gain an understanding of investments
  • Learn about checking and savings accounts
  • Engage in simulated real-life transactions
  • Understand better money management.

“Train-the-Trainer” workshops

Would you like to learn how to facilitate the 7G Money Management game?

We offer Train the Trainer sessions. If you are interested in attending, please email Kathleen.Frank@nau.edu for more details.

Community outreach

Since 2013, 7G MM game sessions and presentations have taken place in over 40 different schools, 35 different communities, with more than 1,600 students/youth. In addition, NAU CAIED also facilitated four Train the Trainer sessions in Phoenix, Camp Verde, Parker, and on the Northern Arizona University Flagstaff campus; training 76 personnel on how to facilitate the game.

The game has also become a mandatory training for the Yavapai Apache Nation. They have incorporated it into their financial education for their tribal members. NAU CAIED has also received word that other tribes such as the Pascua Yaqui-Guadalupe, Arizona is considering implementing the 7G Money Management game into their student financial aid mandatory training.

Contact us to find out where the game has been played to-date and where it will be offered next!

“It’s a very good opportunity for the kids to have hands-on experience on how to spend money, how to budget, and how to get all the necessities they need.” ~Trainee, Yavapai Apache, 7G MM Train the Trainer

“It’s good for tribal kids to get a good understanding of how to pay their taxes… the game is really fun and educational. It teaches us how to use our money and spend our money.” ~Youth employee, Yavapai Apache Nation, Yavapai Apache Summer Youth Employment program

 

 

Economic Policy Institute
Location
Building 81
The W. A. Franke College of Business
101 E McConnell DR
Flagstaff, AZ 86011
Mailing Address
PO Box 15066
Flagstaff, AZ 86011
Contact Form
Email
epi@nau.edu
Phone
928-523-3322