NEFE High School

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NEFE High School Financial Planning
Program TEACHER TRAINING PROGRAM
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What do you know about Teens and money in your
community?
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What Per Cent of Teens

• ___ Know whether a check cashing service
  is good to use?
• ___ Know how credit card interest and fees
  work?
• ___ Owe money to a person or company?
• ___ Know how to use a credit card?

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Answers

• 26 Know whether a check cashing service
  is good to use.
• 30 Know how credit card interest and fees work.
• 31 Owe money to a person or company.
• 48 Know how to use a credit card.

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What are the 5 Top things Teens Need to Learn
About Money?

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About the HSFPP

• Basic money management curriculum.
• Gives teens what they need in order to begin
  using the skills the program teaches
• Offers opportunities for family and trusted
  financial professionals to play a role.

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Why is this important for teens?

• Financial security in adulthood is extremely
  important.
• The high bankruptcy rate among young people.
• High level of personal debt amongst young people
  after HS
• Lack of experience handling money
• They dont always learn about this at home.

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Why do teens need this now?

• Many guaranteed benefits adults used to enjoy
  are being reduced or eliminated
• Personal savings among adults have never been
  lower
• Theres a need to get students out of a debtor
  mentality and into a saving state of mind.

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Program Materials
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Student Guide

• One copy per student
• Student keeps their student guide when course is
  completed
• Order extras to replace when lost.
• Tour the student guide

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Instructor Manual

• One copy per teacher
• Has most of the instructional materials
• Tour the Instructor Manual

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Complete Presentation Visuals
Interactive Excel Spreadsheets
PowerPoint or PDF Format
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Certificate of Completion
One available for each book you order
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Data Disk with all Program Materials
Take-Home Brochure For Parents
Spanish Version Via Download
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Web Sites Web Tools Web Games
Simulated
Live Internet
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hsfpp.nefe.org
Next
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Online Training
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Take-Home Brochure
Spanish Version
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HSFPP BENEFITS

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Break
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Four Phases of Learning
STUDENT
TEACHER
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INQUIRE
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GATHER
PROCESS
GATHER
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PROCESS
APPLY
GATHER
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APPLY
Unit Assessment
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NEFE Instructorsare trusted to . . .
better prepare learners to manage their
personal finances
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HSFPP designed to provide instructors resources
to . . .

• Deliver relevant, current financial curriculum
• Clarify performance expectations for students
• Provide assessments that measure performance
• Align performance expectations, assessments, and
  learning activities
• Infuse state and national financial literacy
  standards

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Performance-Based Learning

• Students know in advance what they are expected
  to do to show competence
• Students are required to show competence
• Learning experience allows students to develop
  competence with practice and feedback

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Each Unit organized around a target competency

• major skill that the student will be able to do
  as a result of the learning experience
• observable and measurable student performance

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Unit Target Competencies

• 1. Create a personal financial plan
• 2. Prepare a personal budget
• 3. Propose a personal saving and investing plan
• 4. Select strategies to use in handling credit
  and managing debt
• 5. Demonstrate how to use various financial
  services
• 6. Create a personal insurance plan which will
  minimize your financial loss
• 7. Examine how a career choice and lifestyle
  affect your financial plan

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Competencies supported by learning objectives

• supporting facts, processes, principles,
  procedures, and concepts that will provide
  students with the skills, knowledge, or attitudes
  to achieve a competency
• serve as benchmarks in each HSFPP unit

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Unit 2 Learning Objectives

• Support competency Prepare a personal budget
• Examine personal spending habits
• Summarize the advantages of having a spending
  plan
• Identify various sources of income
• Identify types of expenses
• Explain the role of saving in creating a budget
• Explain how to construct a budget
• Examine forms of record-keeping involved with
  budgeting and cash management
• Summarize how a budget will change throughout
  your life cycle

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Performance standards specify satisfactory
performance to demonstrate mastery of a competency

• conditions in which the performance will be
  assessed
• criteria by which the performance will be
  evaluated

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Unit 2 Performance Standards

• Measure mastery of competency Prepare a
  personal budget
• Condition
• by creating a personal budget for a week or month
• Performance will be satisfactory when
• Income is listed by source
• Budget includes savings
• Expenses are listed as fixed, variable, or
  periodic
• Budget is balanced so total income equals total
  expenses
• Budget contains realistic data for your current
  situation
• Budget includes label with title and date
• You indicate how the budget supports each of your
  personal financial goals

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Performance assessment tasks

• Students complete criterion-referenced tasks to
  demonstrate when they have mastered the
  competencies.
• Assignments opportunities for feedback
• Assessments assess mastery of competencies

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Unit 2 Performances

• Assignments
• Compare recent spending with the financial plan
  created in Unit 1
• Categorize recent expenses as fixed, variable, or
  periodic
• Identify how much is needed to save each month or
  week to meet financial goals
• Outline a personal budget
• Assessment
• Prepare a personal budget

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Unit 2PerformanceAssessment Task
Directions for student
Required criteria for satisfactory performance
is detailed in scoring guide
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Lunch
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Unit 2
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Small Group Activity and Discussion
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Break
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Who is Junior Achievement?

• JA Worldwide is the worlds largest organization
  dedicated to educating students about workforce
  readiness, entrepreneurship and financial
  literacy through experiential, hands-on programs.
  
• JA Purpose Statement
• To inspire and prepare young people to succeed in
  a global economy.

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Why Junior Achievement in the Classroom?

• Unique delivery system provides the training,
  materials, and support necessary to encourage and
  support student success. 
• Volunteers present the JA program in the
  classroom. They share their work experiences,
  while teaching sound economics concepts and
  reinforce your class.
• JA programs have been correlated to the both the
  U.S. National Standards and Michigan curriculum
  standards to assist teachers and schools in
  meeting their educational goals and requirements.
• Information provided from ja.org.

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Purpose of the JA Worldwide/NEFE Alliance

• The overall goal of the alliance if to provide
  high school students with a solid and practical
  understanding of basic financial literacy
  concepts.
• By coordinating efforts, both NEFE and JA can
  extend the reach of their programs to as many
  students as possible.

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JA/ NEFE Alliance

• JA Worldwide produced a wrap-around kit of
  five, 45 minutes classroom session that will
  build upon elements introduced in the NEFE High
  School Financial Planning Program.
• The wrap-around kit materials will contain
  references to the NEFE curriculum, including
  suggestions on how to incorporate the NEFE
  content into each session.
• When the entire NEFE program is offered along
  with the JA experience, students will have a
  complete portfolio of skills to make financial
  decisions and set financial goals for their lives.

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Junior Achievement Presents The NEFE High School
Financial Planning Program

• Junior Achievement Presents The NEFE High School
  Financial Planning Program introduces students to
  the importance of making wise financial
  decisions. The program demonstrates the
  importance of planning, goal-setting, and
  thoughtful decision-making within the context of
  person financial decisions.

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Junior Achievement Presents The NEFE High School
Financial Planning Program

• Following participation in the program, students
  will be able to
• Examine the role money plays in achieving
  lifelong personal goals.
• Make informed financial decisions.
• Protect themselves from unexpected financial
  pitfalls.

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Junior Achievement Presents The NEFE High School
Financial Planning Program

• Session Description
• Session One A Month in the Life
• Through the use of a board-game activity,
  students examine the concept of budgeting, and
  learn how their daily choices affect their
  ability to save for the future.
• Session Two From Dreams to Reality
• Working in groups, students complete personal
  investment guides. They discuss investment
  options and plan for their financial futures.
• Session Three Your Credit, Your Future
• Through the use of mini-case studies, students
  discuss a variety of possible credit choices.
  They discuss credit options and make decisions to
  avoid common credit pitfalls.

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Junior Achievement Presents The NEFE High School
Financial Planning Program

• Session Description
• Session Four The Case of the Missing Identity
• Students evaluate behaviors that contribute to
  identity theft, and learn to take necessary
  actions to protect their own identity.
• Session Five Protect Yourself
• Through a memory game requiring them to match
  types of insurance to a variety of situations,
  students explore different types of insurance and
  identify the role each plays in providing
  protection.

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Junior Achievement Presents The NEFE High School
Financial Planning Program

• Steps Moving Forward
• Teachers Decision on use of the JA curriculum
• Volunteers Needed to teach the 5 JA lessons and
  the classroom teacher, at their discretion, will
  deliver the NEFE curriculum.
• Training provided for all new JA volunteers.
• Partnership and commitment of local credit
  unions.
• Questions?
• Contact your local JA office

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Taking it to the Classroom

• Ordering Materials http//hsfpp.nefe.org/
• Working with community partners
• Standards and Benchmarks
• Other resources

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• HSFPP Curriculum Correlated to National Standards

• National Academic Standards
• Jumptart Coalition for Personal Financial
  Literacy
• National Council on Economic Education
• National Standards for Business Education
• National Standards for Family Consumer Sciences
  Education
• National Council for Social StudiesEconomics
• Standards for the English Language Arts
• Principles and Standards for School Mathematics

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• HSFPP Curriculum Correlated to State Standards in
  All Fifty States

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Evaluations Closing Remarks