2 June 2015FINANCING YOUR FUTURE © NATIONAL COUNCIL ON ECONOMIC EDUCATION, NEW YORK, N.Y.2 Why is K-12 financial education so important? More than ever.

Slides:



Advertisements
Similar presentations
How to Use Them, But Not Abuse Them
Advertisements

PERSONAL FINANCE LITERACY WORKSHOP LEWISVILLE ISD August 2, 2011 Mrs. Sally Adamson Texas Council for Economic Education.
Understand business credit and risk management.
Financial Management F OR A S MALL B USINESS. FINANCIAL MANAGEMENT 2 Welcome 1. Agenda 2. Ground Rules 3. Introductions.
“Today’s financial world is highly complex when compared with that of a generation ago. Forty years ago, a simple understanding of how to maintain a checking.
Copyright ©2004 Pearson Education, Inc. All rights reserved. Chapter 6 Managing Your Money.
Business Teachers Association of NYS Can We Afford NOT To? Financial Education [Insert school name here]
Ice Breaker 1. Name 2. Affiliation with Be A Mentor 3. If mentoring, the age of child(ren) you mentor 4. If money were no object, what one thing would.
JA Finance Park – Middle and High School
.. Finance  Keys to Building Wealth  Disposable/Discretionary Income  Compound Interest  Rate of Return  Financing  Interest Rate  Sinking Fund.
Unit Home Ownership Learning Objectives: Understand the three requirements to buy a home How to calculate debt-to-income ratios Realize how home.
Financial Literacy and Your Students- A Winning Combination Takeila Hall Fall 2011 NCASFAA.
W!SE Test Topic Checklist Topics that are often problematic for students.
Financial Literacy Transitions from High School OHIO ASSOCIATION TEACHERS OF FAMILY AND CONSUMER SCIENCES (OATFACS ) Natala K. (Tally) Hart Ohio State.
Personal Finance Benchmark Demonstrate an understand that personal spending, saving, and credit decisions have significant implications for the.
Financial Fitness Senior Seminar Agenda Student Loans Credit Cards Credit Report/Score Budgeting Insurance Saving and Investing.
Personal and Financial Opportunity Costs Whenever you make a choice, you have to give up, or trade off, some of your other options. See Question #1, page.
Personal Financial Management Semester – 2008 Gareth Myles Paul Collier
Why is Financial Education Important in Texas? TCEE Smarter Texas Conference Leilani Lim-Villegas Financial Education Coordinator Texas Department of Banking.
There’s a lot to learn about money! Presented by the San Francisco Federal Reserve Bank in Collaboration with Operation Hope Why is Money Important?
Managing Your Money What You Need to Know About Budgets, Credit Cards and Paying For College.
Costly Credit Cards - Credit on Campus -
Financial Education: A Positive Partnership Offered to Educators by Michigan Credit Unions.
The Financial Plan Chapter 2. Definitions You Need to Know Personal financial plan: specifying financial goals and describing in detail the spending,
The Financial Plan © 2010 Pearson Education, Inc. All rights reserved Chapter 2.
Wynne Lum – Philanthropy Manager, Bank of America
Money and Banking Lecture 02.
1 Managing Your Credit Dr. Hays Personal Finance – BKHS
Personal Finance Course Resources Mike English President & CEO, Missouri Council on Economic Education President, National Association of Economic Educators.
Chapter 1 Overview of a Financial Plan
Financing Your Future. This conference is made possible by: Council for Economic Education University of Illinois Extension COUNTRY ® Financial U.S. Department.
Section 2 The Basic Elements of Personal Finance.
Consumer Ed Exam. Depending on your income, you should have this much in your emergency fund.
Pay Yourself First.
Money & Finance Money & Finance John C Bell & agnes cserhati 2011 John C Bell & agnes cserhati 2011.
Why is financial education important? Look at Nan Morrison’s response Record your ideas 8 October 2015FINANCING YOUR FUTURE © NATIONAL COUNCIL ON ECONOMIC.
Financial Literacy 1 Welcome!. Asset Development and Financial Literacy 2 “Few people have ever spent their way out of poverty. Those who escape do so.
© 2012 Experian Information Solutions, Inc. All rights reserved. Experian and the marks used herein are service marks or registered trademarks of Experian.
$$ Entrepreneurial Finance, 5th Edition Adelman and Marks 1-1 Pearson Higher Education ©2010 by Pearson Education, Inc. Upper Saddle River, NJ ENTREPRENEURIAL.
Financial Planning for Retirement. Why Retirement Plan? For Financial security when you do not work Saving is necessary to accumulate the capital needed.
Banking and Credit Miscellaneous Financial Planning Basics Compound Interest Cash Flow and Taxes Personal Finance.
Personal Finance Introduction and Financial Facts.
INSTRUCTOR’S GUIDE. ► The course I am about to share with you is the first of its kind in the state of Florida. ► This is a curriculum to develop financial.
Personal and Financial Planning Chapter 1. Section 1.1 Objectives  Section 1.1 Define personal financial planning Name the six steps of financial planning.
The Financial Plan Chapter 2.
Overview of Personal Finance © 2010 Pearson Education, Inc. All rights reserved Chapter 1.
Financial Planning Skills By: Associate Professor Dr. GholamReza Zandi
Bell Ringer  Where do you see yourself in 15 years?  Be specific  Relationship status:__________________  Kids: ___________________  Pets: ___________________.
Personal Financial Literacy
Decisions and Goals in Personal Finance Chapter 1 Section 1 Personal Financial Planning.
Overview of Personal Finance © 2010 Pearson Education, Inc. All rights reserved Chapter 1.
A look into the typical American family
Chapter 1 Overview of a Financial Plan. Copyright ©2014 Pearson Education, Inc. All rights reserved.1-2 Chapter Objectives Explain how you benefit from.
Chapter 16 Credit in America  What Is Credit?  Types and Sources of Credit.
PERSONAL FINANCE! BY :JAQUELINE ESPINOSA. WHAT IS PERSONAL FINANCE?? PERSONAL FINANCE DEFINES ALL FINANCIAL DECISIONS AND ACTIVITIES OF AN INDIVIDUAL.
Chapter 5 The Time Value of Money— The Basics. Copyright ©2014 Pearson Education, Inc. All rights reserved.5-2 Slide Contents Learning Objectives Principles.
1.9.3.G1 © Family Economics & Financial Education – Revised April 2005 – Housing Unit – Renting vs. Owning a Home Funded by a grant from Take Charge America,
Overview of Personal Finance Essential Question: Why is personal financial planning important? Chapter 1.
Credit: Buy Now, Pay Later Financial Literacy Mrs. Dayley.
Chapter 3 Development of financial strategy
Vault Highlights Topics Areas Understanding Money™ 6 modules
Financing Your Future.
How To Do The PFL Dance??? Austin ISD February 18, 2011.
The Economy and You Economics Pt. 1, Lesson 5.
MoneyCounts: A Financial Literacy Series
الأساسيات والاتجاهات الحديثة
The Economy and You Economics Pt. 1, Lesson 5.
Integrating The Components of A Financial Plan
Financial Management #42 – PG 202.
Presentation transcript:

2 June 2015FINANCING YOUR FUTURE © NATIONAL COUNCIL ON ECONOMIC EDUCATION, NEW YORK, N.Y.2 Why is K-12 financial education so important? More than ever there is a need for our citizens to have at least a basic knowledge of economics and financial management. It’s at the basis of everything we do. If people cannot make well-informed and sound personal finance decisions, how are they to make well-informed and sound public policy decisions?

2 June 2015FINANCING YOUR FUTURE © NATIONAL COUNCIL ON ECONOMIC EDUCATION, NEW YORK, N.Y.3 Why is K-12 financial education so important Americans have approximately $1 trillion in revolving credit card debt. - half make the minimum monthly payment. Nationally, those under 25 are the fastest- growing age group filing or personal bankruptcy.

2 June 2015FINANCING YOUR FUTURE © NATIONAL COUNCIL ON ECONOMIC EDUCATION, NEW YORK, N.Y.4 Personal Finance Video Series on DVD Developed by NCEEDeveloped by NCEE Funded by the Citigroup FoundationFunded by the Citigroup Foundation

2 June 2015FINANCING YOUR FUTURE © NATIONAL COUNCIL ON ECONOMIC EDUCATION, NEW YORK, N.Y.5 Aimed primarily at High School Students Helps students develop sound financial life skills Illustrates how sound choices can Build financial success and Lead to a more satisfying life

2 June 2015FINANCING YOUR FUTURE © NATIONAL COUNCIL ON ECONOMIC EDUCATION, NEW YORK, N.Y.6 The Teacher’s Guide includes: 15 lessons – 3 for each of the 5 videos Tables of Correlation with NCEE Economics Standards Jump$tart Personal Finance Standards, National Council of Teachers of Mathematics Standards A glossary of terms Pre- & post-test questions for classroom use

2 June 2015FINANCING YOUR FUTURE © NATIONAL COUNCIL ON ECONOMIC EDUCATION, NEW YORK, N.Y.7 The first lesson for each video includes a short true/false and a short activity The remaining two lessons feature role plays and group work to develop content introduced in the videos

2 June 2015FINANCING YOUR FUTURE © NATIONAL COUNCIL ON ECONOMIC EDUCATION, NEW YORK, N.Y.8

2 June 2015FINANCING YOUR FUTURE © NATIONAL COUNCIL ON ECONOMIC EDUCATION, NEW YORK, N.Y.9

2 June 2015FINANCING YOUR FUTURE © NATIONAL COUNCIL ON ECONOMIC EDUCATION, NEW YORK, N.Y.10

2 June 2015FINANCING YOUR FUTURE © NATIONAL COUNCIL ON ECONOMIC EDUCATION, NEW YORK, N.Y.11 Video Summaries

2 June 2015FINANCING YOUR FUTURE © NATIONAL COUNCIL ON ECONOMIC EDUCATION, NEW YORK, N.Y.12

2 June 2015FINANCING YOUR FUTURE © NATIONAL COUNCIL ON ECONOMIC EDUCATION, NEW YORK, N.Y.13 Video 1 – Get a Financial Life Introduces basic vocabulary and key concepts such as wealth building, savings and an important rule “Spend less than you earn”

2 June 2015FINANCING YOUR FUTURE © NATIONAL COUNCIL ON ECONOMIC EDUCATION, NEW YORK, N.Y.14

2 June 2015FINANCING YOUR FUTURE © NATIONAL COUNCIL ON ECONOMIC EDUCATION, NEW YORK, N.Y.15 Video 2 – Get Smart Decisions Have Consequences Covers trade-offs and opportunity costs related to decisions, both small, e.g., “What to wear?” and large, e.g., “How much time and income to devote to investing in one’s own human capital?”

2 June 2015FINANCING YOUR FUTURE © NATIONAL COUNCIL ON ECONOMIC EDUCATION, NEW YORK, N.Y.16

2 June 2015FINANCING YOUR FUTURE © NATIONAL COUNCIL ON ECONOMIC EDUCATION, NEW YORK, N.Y.17 Video 3 – Get Banked The Banking Advantage Illustrates how vital it is to have a banking relationship Reveals the surprisingly high cost of being “unbanked” Warns of the pitfalls of frequenting pay-day lending and check- cashing establishments

2 June 2015FINANCING YOUR FUTURE © NATIONAL COUNCIL ON ECONOMIC EDUCATION, NEW YORK, N.Y.18

2 June 2015FINANCING YOUR FUTURE © NATIONAL COUNCIL ON ECONOMIC EDUCATION, NEW YORK, N.Y.19 Video 4 – Get the Credit You Deserve Demystifies credit and debt Shows that smart decision-making can enable a more fulfilling life Discusses APR calculations and credit scores in detail

2 June 2015FINANCING YOUR FUTURE © NATIONAL COUNCIL ON ECONOMIC EDUCATION, NEW YORK, N.Y.20

2 June 2015FINANCING YOUR FUTURE © NATIONAL COUNCIL ON ECONOMIC EDUCATION, NEW YORK, N.Y.21 Video 5 – Get a Financial Plan Stresses the importance of budgeting and planning, saving early and often Discusses compound interest “paying yourself first” various investment instruments risk tolerance

2 June 2015FINANCING YOUR FUTURE © NATIONAL COUNCIL ON ECONOMIC EDUCATION, NEW YORK, N.Y.22

2 June 2015FINANCING YOUR FUTURE © NATIONAL COUNCIL ON ECONOMIC EDUCATION, NEW YORK, N.Y.23 Video 1 – Get a Financial Life

2 June 2015FINANCING YOUR FUTURE © NATIONAL COUNCIL ON ECONOMIC EDUCATION, NEW YORK, N.Y.24

2 June 2015FINANCING YOUR FUTURE © NATIONAL COUNCIL ON ECONOMIC EDUCATION, NEW YORK, N.Y.25

2 June 2015FINANCING YOUR FUTURE © NATIONAL COUNCIL ON ECONOMIC EDUCATION, NEW YORK, N.Y.26

2 June 2015FINANCING YOUR FUTURE © NATIONAL COUNCIL ON ECONOMIC EDUCATION, NEW YORK, N.Y.27

2 June 2015FINANCING YOUR FUTURE © NATIONAL COUNCIL ON ECONOMIC EDUCATION, NEW YORK, N.Y.28

2 June 2015FINANCING YOUR FUTURE © NATIONAL COUNCIL ON ECONOMIC EDUCATION, NEW YORK, N.Y.29

2 June 2015FINANCING YOUR FUTURE © NATIONAL COUNCIL ON ECONOMIC EDUCATION, NEW YORK, N.Y.30 Video 2 – Get Smart

2 June 2015FINANCING YOUR FUTURE © NATIONAL COUNCIL ON ECONOMIC EDUCATION, NEW YORK, N.Y.31

2 June 2015FINANCING YOUR FUTURE © NATIONAL COUNCIL ON ECONOMIC EDUCATION, NEW YORK, N.Y.32

2 June 2015FINANCING YOUR FUTURE © NATIONAL COUNCIL ON ECONOMIC EDUCATION, NEW YORK, N.Y.33

2 June 2015FINANCING YOUR FUTURE © NATIONAL COUNCIL ON ECONOMIC EDUCATION, NEW YORK, N.Y.34 Financing Your Future

2 June 2015FINANCING YOUR FUTURE © NATIONAL COUNCIL ON ECONOMIC EDUCATION, NEW YORK, N.Y.35 Financing Your Future

2 June 2015FINANCING YOUR FUTURE © NATIONAL COUNCIL ON ECONOMIC EDUCATION, NEW YORK, N.Y.36

2 June 2015FINANCING YOUR FUTURE © NATIONAL COUNCIL ON ECONOMIC EDUCATION, NEW YORK, N.Y.37

2 June 2015FINANCING YOUR FUTURE © NATIONAL COUNCIL ON ECONOMIC EDUCATION, NEW YORK, N.Y.38

2 June 2015FINANCING YOUR FUTURE © NATIONAL COUNCIL ON ECONOMIC EDUCATION, NEW YORK, N.Y.39 Video 3 – Get Banked

2 June 2015FINANCING YOUR FUTURE © NATIONAL COUNCIL ON ECONOMIC EDUCATION, NEW YORK, N.Y.40

2 June 2015FINANCING YOUR FUTURE © NATIONAL COUNCIL ON ECONOMIC EDUCATION, NEW YORK, N.Y.41

2 June 2015FINANCING YOUR FUTURE © NATIONAL COUNCIL ON ECONOMIC EDUCATION, NEW YORK, N.Y.42

2 June 2015FINANCING YOUR FUTURE © NATIONAL COUNCIL ON ECONOMIC EDUCATION, NEW YORK, N.Y.43

2 June 2015FINANCING YOUR FUTURE © NATIONAL COUNCIL ON ECONOMIC EDUCATION, NEW YORK, N.Y.44

2 June 2015FINANCING YOUR FUTURE © NATIONAL COUNCIL ON ECONOMIC EDUCATION, NEW YORK, N.Y.45

2 June 2015FINANCING YOUR FUTURE © NATIONAL COUNCIL ON ECONOMIC EDUCATION, NEW YORK, N.Y.46 Video 4 – Get the Credit you Deserve

2 June 2015FINANCING YOUR FUTURE © NATIONAL COUNCIL ON ECONOMIC EDUCATION, NEW YORK, N.Y.47

2 June 2015FINANCING YOUR FUTURE © NATIONAL COUNCIL ON ECONOMIC EDUCATION, NEW YORK, N.Y.48

2 June 2015FINANCING YOUR FUTURE © NATIONAL COUNCIL ON ECONOMIC EDUCATION, NEW YORK, N.Y.49

2 June 2015FINANCING YOUR FUTURE © NATIONAL COUNCIL ON ECONOMIC EDUCATION, NEW YORK, N.Y.50 Video 5 - Get a Financial Plan

2 June 2015FINANCING YOUR FUTURE © NATIONAL COUNCIL ON ECONOMIC EDUCATION, NEW YORK, N.Y.51

2 June 2015FINANCING YOUR FUTURE © NATIONAL COUNCIL ON ECONOMIC EDUCATION, NEW YORK, N.Y.52

2 June 2015FINANCING YOUR FUTURE © NATIONAL COUNCIL ON ECONOMIC EDUCATION, NEW YORK, N.Y.53

2 June 2015FINANCING YOUR FUTURE © NATIONAL COUNCIL ON ECONOMIC EDUCATION, NEW YORK, N.Y.54

2 June 2015FINANCING YOUR FUTURE © NATIONAL COUNCIL ON ECONOMIC EDUCATION, NEW YORK, N.Y.55

2 June 2015FINANCING YOUR FUTURE © NATIONAL COUNCIL ON ECONOMIC EDUCATION, NEW YORK, N.Y.56

2 June 2015FINANCING YOUR FUTURE © NATIONAL COUNCIL ON ECONOMIC EDUCATION, NEW YORK, N.Y.57