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

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

3. 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

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

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

6. 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

7. Money Smart Homepage

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

11. Step 1 Copy student handouts
Review presentation slides/prepare projector

12. Step 2
Display slide

13. Display slide
Step 3
Handout

14. Display slide
Step 4
Handout

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

16. 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)

17. How to Download
Money Smart

18. Other Resources Money Smart News Money Smart Alliance Members
FDIC’s Community Affairs staff
FDIC Consumer News
My Money

19. Money Smart
THANK YOU!
QUESTIONS?

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

21. 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

22. AOF Bucks! The key to everything…

23. 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

24. 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

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