Get Ready to Take Charge of Your Finances

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Get Ready to Take Charge of Your Finances
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Project Mission

• To provide educators with curriculum materials
  free of charge and the skills and confidence to
  effectively teach family finance in the classroom.

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Project Partners

• Began in 2001 with a grant from Take Charge
  America, Inc
• TCA, Inc. is a private, non-profit credit
  counseling organization that began in Montana and
  is now headquartered in Phoenix, AZ.
• Grant provided to University of Arizona Norton
  School of Family and Consumer Sciences
• Within the Take Charge America Institute for
  Consumer Research and Education

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Project History

• Project began by forming a team of 32 classroom
  educators and asked the question
• What is necessary to make a family financial
  education program effective and educator
  friendly?
• Based upon their input, the project principles
  were designed.

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Project principles

• The Family Economics Financial Education
  Project has five principles that make it unique
  and effective
• Curriculum Development
• Curriculum Design
• Training
• Support Staff
• Resources

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Curriculum Development

• Curriculum developed by educators for educators.
• The team of educators developed, taught, and
  evaluated curriculum materials.
• The educators were part of the projects Master
  Teacher program
• Educators complete a week-long training, use the
  curricula in their classrooms and provide
  continued support to FEFE through evaluation and
  development of new materials and newly trained
  family finance educators.

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Types of Curriculum

• Over 100 lesson plans available!
• Take Charge of Your Finances
• Students grades 10-12
• Get Ready to Take Charge
• Students grades 7-9 or those with limited family
  finance knowledge
• Family Finance Simulations
• Enhancement Tools
• Project based learning
• Active Learning Tools
• Workshop Guides

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Free!

• All curriculum is available for no cost!
• Must create a user name and password to download
  materials.
• Can edit personal profile at any time.
• Can choose to receive important FEFE
  announcements including curriculum revisions,
  newsletters, and training opportunities.
• Can Contact Us to receive staff support.

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Get Ready To Take Charge of Your Finances

• Introductory curriculum
• Provides a bridge between TCF lessons and a
  younger audience
• Concepts are condensed
• Terminology is simplified
• Designed for grades 7-9 or students with limited
  family finance knowledge
• It currently consists of approximately 13 lesson
  plans with more being developed

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Lesson Plan Components

• Lesson Plan
• Introduction
• All background information
• Body
• Detailed recommendation for fast paced
  facilitation
• Includes variety in day-to-day instruction
• Conclusion
• Activity based review
• Materials
• List of necessary supplies
• Resources
• Reference lesson plans, documents, Web sites and
  more for additional information

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Lesson Plan Components

• Note taking guide
• Provides guidance for the student when learning
  new content
• Assists when identifying the most important
  information
• Serves as an independent study guide or a review
  tool

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Lesson Plan Components

• Information Sheets
• Serves as the students text book
• Keeps student actively engaged in the reading
  process
• Encourages knowledge retention
• Includes interactive questions
• Students must stop and think about the
  information to answer the questions
• Includes family discussion questions to promote
  communication at home

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Sample Information Sheet
Starting a new job

• Taxes required citizen charges by local,
  state, and federal governments. The money is
  used to provide public goods and services such
  as police, fire and emergency services, schools,
  and roads.
• Form W-4 also known as an Employees
  Withholding Allowance Certificate. The
  information provided on this form determines the
  percentage of gross pay to be withheld for taxes.
  
• Form I-9 also known as the Employment
  Eligibility Verification Form. It is used to
  verify the eligibility of individuals and to
  avoid hiring non-United States citizens.
  Employees must provide a drivers license,
  passport, Social Security card or birth
  certificate to prove their identity.
• Form W-2 also known as a Wage and Tax
  Statement. It states the amount of money earned
  and taxes paid throughout the previous year. The
  Form W-2 is used to file taxes

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Lesson Plan Components

• PowerPoint presentation
• Guides student learning
• Content, discussion questions and activity
  directions are included in the slides
• Created for all lesson plans however not all are
  used in the suggested facilitation of the lessons

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Lesson Plan Components

• Learning Activities and Assessments
• As a small section of content is introduced, it
  is also practiced and/or applied before
  continuing
• Activities and assessments are designed to meet
  all learning styles
• Multiple tools and techniques are used
• Writing an advertisement for a best friend
• Role play scenarios
• Building marshmallow tower
• Playing Spending Plan Shake-Up

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Course Recommendation

• Week One
• Values, Needs vs. Wants, Decision Making
• Week Two
• Goal Setting
• Career Unit
• Week Three
• Career Unit
• Week Four
• Paychecks and Taxes
• Spending Plans

• Week Five
• Major Expenditures, Comparison Shopping, Saving
• Week Six
• Banking
• Week Seven
• Banking
• Week Eight
• Assessment Life of..
• Test bank of questions also available

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Spending Plan Shake Up

• Get Ready to Take Charge of your finances
• Diving into Spending plans 2.15.1
• Each envelope has a different education level
  which indicates the number of beans
• High School Drop Out 8 beans
• High School Diploma 10 beans
• Associates Degree 12 beans
• College Degree 16-18 beans
• Graduate Degree 20 beans

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Spending Plan Shake Up

• Budget your beans to pay for the things you need
  and want
• Each square is worth one bean and all the squares
  must be filled to have that item

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Spending Plan Shake Up

• Could you afford everything that you needed?
• Could you afford everything that you wanted?
• How does spending plan shake up relate to real
  life?

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Change In Plans

• You have a job interview next week in a near by
  town. Suddenly your needs have changed!
• Adjust your beans accordingly!
• You need a vehicle to drive to the interview
• Purchasing a new interview outfit is a necessity
  and you have found a great suit at a department
  store
• You recently dyed your hair purple and need to
  have it professionally fixed.
• In order to be ready for conversation during the
  interview, you need to buy a local newspaper and
  Newsweek magazine.

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Discussion Questions

• Was it easy to reallocate your beans?
• Were you able to purchase all items you needed?
• How did you decide which items were most
  important?

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Activity Based Learning Model

• Employed Within Every Lesson

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Activities

• Participants building balloon towers from the
  Does Money Grow on Trees? Lesson Plan 2.1.1 at
  the June 2007 conference

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Activities

• Participants playing twister from the
  Understanding your paycheck and tax forms lesson
  plan 1.13.1 at the June 2007 Conference

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Activities

• Participants playing jenga from the Active
  learning tool 5.0.14 at the June 2007 conference

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Family Economics Financial Education
Get ready to Take Charge of Your Finances
Life Of..
Taylor B. Jones
A Teenagers Spending Plan
Funded by a grant from Take Charge America, Inc.
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Life Of.

• Goal
• Create a spending plan for a teenager considering
  family elements
• Process
• Read the personal profile or snapshot
• Set financial goals
• Make consumer decisions
• Balance income and expenses

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SnapshotTaylor B. Jones

• Quickly scan through Taylors Snapshot on page 2
• Attends North Shore High School
• Participates in motocross competitions
• Member of the chess club
• Part time job at Cubbys Restaurant Grill

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SnapshotTaylors Income and Expenses

• Turn to page 3
• Taylors Income
• Cubbys Restaurant Grill
• 5.25/hour
• 10 hours a week
• 75.00/ month for tips
• Allowance
• 20.00/month
• Gifts
• 50.00 birthday gift

• Taylors Expenses
• Transportation
• Fuel
• Other Items

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SnapshotJones Family Expenses

• Taylors Activities
• Housing
• Transportation
• Insurance
• Food
• To incorporate family dynamics into the spending
  plan process, the Jones Family Expenses are
  described on page 4

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Jones Major ExpendituresSummary

• Browse through pages 5-7
• House
• Family size
• Hobbies
• Lifestyle
• Other family dynamics
• Transportation
• Jones Family
• Family size
• Neighborhood carpool
• Taylor
• Get to and from work
• Taylor must pay for his fuel expenses

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Taylors Spending Plan

• To complete Taylors spending plan

• Review Snapshot and answer questions on page 10
• Read paycheck and answer questions on page 11
• Set goals on page 12

• Make decisions and complete worksheets on pages
  15-18
• Saving
• Transportation
• Others

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Assessment

• Complete a Major Expenditures Summary for the
  Jones family
• Complete a Spending Plan for Taylor
• Answer reflection questions
• Write a summary essay

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Additional life of

• Life of Ben West
• Lives in rural area
• Volunteer Firefighter
• GRE prep
• Low income family
• Life of Monica Erickson
• Lives in Urban Area
• Culinary Arts
• High income family

• Life of Mandy Gonzales
• Lives in Urban Area
• Low income family
• Cheerleader
• Pursuing a career in music
• More being Developed!

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Training Model

• State and National Training Opportunities

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2008 National FEFE Training

• June 2008 in Tucson, AZ.
• Week-long annual training conference
• Provide educators with background knowledge to
  teach personal finance
• Allow educators to experience the lesson plans to
  feel more comfortable teaching them
• Provide educators with all of the printed
  curriculum and materials necessary to teach the
  lesson plans
• Network with other professionals.

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Questions?