College and Career Ready Conferences Summer 2015 Financial Literacy

Session Outcomes 1.Review Financial Literacy Standards. 2.Draw connections between Financial Literacy Standards and other Maryland State Standards. 3.Explore resources that support integrated instruction. 4.Reflect on how to implement resources in your school and/or school system. 5.Create a plan to share session information with faculty at your school and/or school system.

Find Someone Who…… The purpose of this learning experience is to meet session participants. assess prior knowledge of financial literacy.

Why Financial Literacy? To equip students with the skills and knowledge to make informed, financially responsible decisions

Financial Literacy Defined The ability to use knowledge and skills to manage financial resources effectively for a lifetime of financial well-being (2008 Annual Report to the President). Financial Literacy = Application Financial Education = Process

History of Financial Literacy Education in Maryland Task Force established to study how to improve financial literacy in Maryland January 2008 Advisory Council established to build a program of study and a design team to develop a state curriculum June 2009 The State Board of Education accepted the State Curriculum for Personal Financial Literacy January 2010 The State Board of Education adopted regulations requiring financial literacy education for all students at the elementary, middle, and high school levels June 2010

Six Standards in the State Curriculum 1.Make Informed, Financially Responsible Decisions 2.Relate Careers, Education and Income 3.Plan and Manage Money 4.Manage Credit and Debt 5.Create and Build Wealth 6.Manage Risks and Preserve Wealth Organized by Gradebands: 3-5, 6-8, 9-12

Standards Review In your team, review your assigned standard. Be prepared to discuss the following: – How does your assigned standard foster financial literacy in students? – What are some example learning experiences that students can participate in to meet the standard? – How does the standard connect to standards in other disciplines?

Implementing Financial Literacy Standards Integrated Lessons Mathematics, Social Studies, and Reading Grades 3-5 Integrated Lessons Mathematics, Social Studies, Family and Consumer Science, and English Language Arts Grades 6-8 Integrated Lessons Mathematics, Social Studies, Business, and Family Consumer Science Courses Stand Alone Courses Grades 9-12

State and Local School System Annual Update 10 The Annual Update provides the following information: Background information Information on funding/grants Ongoing state and local needs Data collected through the Maryland Pre-Graduate Survey Descriptions of program implementation at the elementary, middle, and high school levels For more information please visit:

Resource Exploration Purpose: To analyze resources that support financial literacy instruction.

Resource Exploration Directions Review assigned resources with your team. Answer questions associated with resources. Share responses with entire group.

Additional Resources

Fly Swatter Facts Purpose: To review concepts addressed during the the financial literacy session. Directions: – Facilitator will ask a question. – Teams will work together to find the answer. – Team member will “swat” the correct answer(s).

What is the total number of financial literacy standards? 6 Fly Swatter Facts

The ability to use knowledge and skills to manage one’s financial resources effectively for a lifetime for financial well being. Financial Literacy Fly Swatter Facts

Which grade bands do the financial literacy standards address? Grades 3 – 5 Grades 6 – 8 Grades 9 – 12 Fly Swatter Facts

In what year did the State Board of Education adopt regulations requiring financial literacy education for all students at the elementary, middle, and high school levels? 2010 Fly Swatter Facts

Which content areas can financial literacy be integrated? Social Studies Mathematics Reading/English Language Arts Family Consumer Science Business Other Fly Swatter Facts

Where can you go to find financial literacy information for Maryland? Fly Swatter Facts Maryland State Department of Education Financial Literacy Webpage

Which resource allows students to assess their return on investment for postsecondary study? Fly Swatter Facts

Which resource(s) provides activity- based lesson plans designed to foster financial literacy in students? Fly Swatter Facts

Which resource(s) provides interactive modules that students can engage in to enhance their financial education? Fly Swatter Facts

Which resource(s) will you use with your students? Fly Swatter Facts

Reflections Purpose: To enhance the meaning of today’s learning experiences and to draw connections between outcomes and school implementation.

Session Evaluation Purpose: to allow participants to evaluate the quality and effectiveness of the session. Information will be used to inform future professional learning experiences.

Share your Financial Literacy Experience Tweet – Hashtags: #mdccrc #literacy Facebook – –

Maryland State Department of Education Financial Literacy Contacts Lynne Gilli Program Manager, Career and Technology Education Marquita Friday Lead Specialist, Career & Technology Education Tiara Booker-Dwyer Specialist, Career & Technology Education Maryland State Department of Education Financial Literacy Webpage