Making Youth Money Smart with Financial Literacy Webinar Date: February 23, 2017 3:00PM EST

Moderator Maisha Meminger Division of Youth Services U.S. Department of Labor Employment and Training Administration

Objectives Learn how to access and use the FDIC’s free financial education resources. Discover how this innovative standards-aligned curriculum can be incorporated into subjects such as English language arts, Mathematics and Social Studies. Learn about other free federal resources. Discuss how Financial Literacy can be integrated into your YCC program. 3

Subject Matter Expert tmorris@fdic.gov CommunityAffairs@fdic.gov Tracie G. Morris Senior Community Affairs Specialist Federal Deposit Insurance Corporation tmorris@fdic.gov CommunityAffairs@fdic.gov

The Federal Deposit Insurance Corporation (FDIC) An independent federal agency Major responsibilities: Insuring deposits Bank supervision Failed bank resolution Economic Inclusion

Why Financial Education? According to an international study published in 2014, 15 year olds in the US rank 9th out of 17 countries in their application of financial literacy knowledge and 18% of American 15 year olds do not reach a baseline level of financial literacy. Research shows financially capable young people are more likely to become financially secure adults

Money Smart Homepage

Alignment Common Core Jump$tart National Standards in Economics Partnership for 21st Century Skills

Step 1 Copy student handouts Review presentation slides/prepare projector

Step 2 Display slide

Display slide Step 3 Handout

Display slide Step 4 Handout

Step 5 Display slide Brainstorm ideas IDEAS How can I decrease spending? How can I earn more money?

Money Smart Lessons Earn Lesson 1 (Career Options) Theme Corresponding Lesson Earn Lesson 1 (Career Options) Lesson 6 (Managing Your Paycheck) Lesson 13 (Understanding the Economy) Lesson 21 and 22 (Entrepreneurship) Spend Lesson 3 (Spending and Budgeting) Lesson 10 (Automobile Purchase) Lesson 12 (College and Student Loans) Lesson 16 (Homeownership and Renting) Lesson 17 (Charitable Giving) Save and Invest Lesson 2 (Financial Planning) Lesson 4 (Importance of Savings) Lesson 5 (Choosing a Banking Partner) Lesson 14 (Financial Markets and Investing) Lesson 15 (Retirement Planning) Borrow Lesson 7 (Credit) Lesson 8 (Credit Cards) Lesson 9 (Understanding Financial Ratios) Protect Lesson 11 (Risk Management and Insurance) Lesson 18 (Estate Planning) Lesson 19 (Financial Resources) Lesson 20 (Consumer Protection)

How to Download Money Smart

Other Resources Money Smart News Money Smart Alliance Members FDIC’s Community Affairs staff https://www.fdic.gov/consumers/consumer/moneysmart/cao.html FDIC Consumer News https://www.fdic.gov/consumers/consumer/news/index.html My Money www.mymoney.gov

Money Smart THANK YOU! QUESTIONS?

Kris Somerville Como Park Senior High School Saint Paul Public Schools Grantee Speaker Kris Somerville Como Park Senior High School Saint Paul Public Schools

9th grade: Principles of Finance New Full-Time Program Four-year high school program 9th grade: Principles of Finance 10th grade: Business Global Economy 11th grade: Accounting (full year) 12th grade: Business Ethics and Business Communications Earn/work toward Business Certificate at St. Paul College (16 college credits) Work-Based Learning component Professional speakers, e-mentors, mock interviews

AOF Bucks! The key to everything…

Financial Literacy Projects/Events Act as volunteers for younger students who attend Junior Achievement Teach ‘how to be rich’ to elementary and middle aged students All 9th graders do a financial literacy topic project Financial Careers Panel

Student run Credit Union in our school! What do students need to open an account? How do you get students engaged? Other items: What does minimum balance need to be? How do you avoid constant withdrawals? Incentives? How many times can you take out? Tina Jones, Community Outreach Administrator

Next training: Peer-to-Peer Call on Mentoring Thursday, March 9, 2017 2:00pm EST