It’s time to get financially fit! Presented by: Megan Vincent, Family & Consumer Sciences Education Specialist, OPI

What will you do with your $1,000,000+? SCRIPT: “Everyone dreams of what they would do if they suddenly won $1 million. What would you do? Would you live luxuriously? Contribute to a charity? Retire REALLY early? You may want to decide because here’s a surprise. If you are like most American youth, you WILL have $1 million. In fact, you can expect to earn more than that by the time you retire!” What will you do with your $1,000,000+?

Your financial success starts today! SCRIPT: “Earning $1 million means you can be a financial success. For most people, it’s not a matter of how much you earn over a lifetime. What’s important is how you manage what you make. Now is the time to start making smart choices and learning to use your money to get what you want for today AND tomorrow. As a young person, you already make and spend a pretty impressive amount of money. And, the financial habits you develop now will stay with you the rest of your life. Your financial success starts today! Your financial success starts today!

What does it mean to be financially fit? Turn and Talk: Turn to someone next to you, and answer this question: 1 minute SCRIPT: “Let’s learn more about the FCCLA national program Financial Fitness. Before we do that, please turn and talk to someone next to you. Answer this question: What does it mean to be financially fit? I’ll give you 1 minute.” What does it mean to be financially fit?

Share from Pairs What did you say? What does it mean to be financially fit? SCRIPT: “So, what did you say? What does it mean to be financially fit?” [Provide time for students to share their responses. Help them identify similarities and differences as the responses are shared. While students are sharing, write their responses on a poster, whiteboard, etc.] Share from Pairs

Being financially fit shows itself in many ways. SCRIPT: “You shared so many great ways that you can be financially fit. From earning as much money as you can to saving money to spending money wisely to protecting yourself when it comes to finances, there’s a lot to remember when it comes to finances. What can you do now in order to make sure that you have a bright financial future? What support can you get now so that you can have the tools and attitudes to be a financial success?” Being financially fit shows itself in many ways.

That’s where Financial Fitness comes in! SCRIPT: “You can make positive choices to live life to its fullest. Positive financial choices now will lead to a bright financial future. Financial Fitness will help you learn how to earn, spend, save, and protect your money wisely. Financial Fitness is a youth-teaching-youth peer education program of Family, Career and Community Leaders of America, FCCLA.” That’s where Financial Fitness comes in!

Financial Fitness Goals Inform and inspire teens to sharpen their skills in earning, spending, saving, and protecting their money Create a national network of young people who use teen-to-teen communications to share information Provide teenagers with an opportunity to develop communication and leadership skills by being peer educators Educate students about career options in the field of financial services SCRIPT: “Through Financial Fitness, young people learn earn, spend, save, and protect money wisely. The goals of this national FCCLA program are to inform and inspire teens to sharpen their skills in earning, spending, saving, and protecting their money; create a national network of young people who use teen-to-teen communications to share information; provide teenagers with an opportunity to develop communication and leadership skills by being peer educators; and educate students about career options in the field of financial services.” Financial Fitness Goals

Financial Fitness has 4 topic areas Earning Spending Saving Protecting SCRIPT: “Financial Fitness has 4 topic areas: Earning, Spending, Saving, and Protecting. Let’s check out what each of these areas mean.” Financial Fitness has 4 topic areas

Earning Sharpen on-the-job financial fitness SCRIPT: “Topic 1 is all about what you can do to earn money. It’s focused on reading a paycheck, taxes, debt vs. degree, consumer math, career planning, pay scales, knowing your rights, and more.” Earning

Spending Track and plan personal spending SCRIPT: “The next topic is all about spending. In this topic, you’ll learn more about credit cards, debit cards, loans, building your credit, budgeting, leasing vs. buying, advertising, and more.” Spending

Saving Conquer bank accounts, credit, and investments SCRIPT: “The next topic is all about saving. In this topic, you’ll learn all about investing, setting goals, banking, interest, and more.” Saving

Protecting Keep financial and personal interests safe SCRIPT: “The fourth topic is all about protecting. When covering this topic, you’ll learn more about insurance, identity theft, consumer rights, fraud, and more. Protecting

What did you say? What does it mean to be financially fit? Earning Spending Saving Protecting SCRIPT: “Let’s look back at what you shared to the question at the beginning of this presentation. What does it mean to be financially fit? Check out the answers you gave. How do they fit with the different topic areas in Financial Fitness?” [Help students categorize the answers they gave into the correct Financial Fitness topic areas. You may also have time to brainstorm how those topic areas could be turned into Financial Fitness projects.] What did you say?

Kick Off Activity The Price is Right with Financial Fitness Higher/Lower Display five personal care products with signs that show incorrect prices. Players must decide if actual price is higher or lower. Dollars to Spend Display four or five personal care products with no prices shown. Players must decide how many items to purchase for a total bill of $9.75 and $10.00. Match Price Display four items and four prices. Players must match each price to its correct item. Kick Off Activity

Earning Unit 1 – Sharpen on-the-job financial fitness

Earning Overview Learn what it means to make money. Understand how choices in employment and education affect income and abilities to accomplish their financial goals. Become more familiar with tools needed to earn money like reading a paycheck, writing a resume, interviewing for a job, negotiating, knowing their worth, and understanding deductions. Earning Overview

“Dig the well before you are thirsty.” Chinese Proverb: “Dig the well before you are thirsty.” Pay Yourself First

Pay Yourself First Discussion: Journal prompts: What did you learn? What will you remember? Why is it important to pay yourself first? How can money grow? What will you do with what you’ve earned? Journal prompts: I plan to pay myself first because . . . I will pay myself first by . . . Pay Yourself First

Spending Unit 2 – Track and plan personal spending

Spending Overview Take control of your money! All about your choices. Keep track of the money you spend. In order to be financially wise, you need to live within your means. Even small expenses can add up quickly. Topics include: Needs vs wants, media/ads, budgets, comparison shopping, building credit, credit/debit cards, loans/leasing, and philanthropy. Spending Overview

Smart money managers take their time when spending money, rarely buying on impulse and usually comparing options. Handouts: Comparison shopping cards and cues Drinks and duds Tasty Testing Grocery Game Online Investigating Comparison Shopping

Desiring to promote the welfare of others, shown through donating generously to good causes. Topics to cover: Responsible giving Inviting charitable organizations to your classrooms Interviewing a philanthropist Research project and presentation on charitable organization Resources: Giving Tuesday, Learning to Give Philanthropy

Saving Unit 3 – Conquer bank accounts, financial goals, and investments

By setting goals and adopting good financial habits now, you can increase the likelihood of living the life you want in the future because you’ve saved enough money to make it possible. Topics: Savings, SMART savers, depository institutions, investing, emergencies, and unearned income. Saving Overview

Unearned Income Unearned income discussion: Grocery store, bank, shopping mall, restaurant, on the road, vacation, on the town, cell phone, around the house, recreation Another perspective – interview an adult Unearned Income

Protecting Unit 4 – Keep financial and personal interests safe

Young people have to protect their finances and personal identity both now and in the future. Topics: Identity theft, electronic financial management (e-commerce, social media, online banking, closing/clearing browsers, open wifi, webcams), insurance, fraud/schemes/scams, and consumer rights. Protecting Overview

What risks do you have in your life? What common risks do we have? What is a risk? Why does life have risks? What can we do to protect ourselves in the face of risks? Can you prevent risk? Explain your answer. What do you know about insurance? What is the purpose of insurance? Freewrite

Insurance Handouts: Insurance: What do you know? Insurance 101 Investigating Insurance Insurance Situations Inquiring into Insurance Who Covers the Risk? Insurance

And add a few overarching ideas . . . Let’s Review! And add a few overarching ideas . . .

Financial Fitness has 4 topic areas Earning Spending Saving Protecting SCRIPT: “Financial Fitness has 4 topic areas: Earning, Spending, Saving, and Protecting.” Financial Fitness has 4 topic areas

Careers Remember to discuss career options! Accountant, financial advisor, insurance agent Federal agency employee, consumer advocate FCS teacher, business teacher Entrepreneur, bookkeeper, banker Human resources, sales Nonprofit employee Careers

Peer Education Consider a peer education focus to extend the learning Use these materials to teach your students . . . then engage the students by taking an active role in educating other teens through projects What project ideas have come to mind today? More project ideas are included in your folder Peer Education

*Use for any/all projects

Any questions? Megan Vincent Family & Consumer Sciences Education Specialist, Montana FCCLA State Adviser, Montana Office of Public Instruction mvincent2@mt.gov 406.444.3599 SCRIPT: “Young people can learn how to earn, spend, save, and protect money wisely. Your increased financial fitness start now. Get involved with FCCLA and Financial Fitness today! [Include specific information about how students in your school can get involved with the Financial Fitness program. Also, include information about applying for the National Financial Fitness Award.]” Any questions?