1. Presented by:Mindy Clark Business Teacher Green High School

2. Why Should We Teach Financial Literacy?  ½ of American’s private sector workforce have NO formal savings plan  Between 25 and 56 million Americans do not have a bank account.  Only a quarter of Americans feel well informed about managing household finances.

3. Why is Financial Literacy Important?  19% of all bankruptcies are filed by people under age 25  88% of teens do not like the way it feels to owe someone money  29% of teens are already in debt with an average debt load close to $300.  Only 34% of teenagers know how to balance a checkbook Charles Schwab and Jump$tart Coalition, 2006

4. Questions about the Financial Literacy Requirements When are schools required to begin teaching financial literacy? At what grade level are schools required to teach financial literacy? Who can teach financial literacy? Are there professional development opportunities available? Can a school create a separate course to teach financial literacy? Ohio Department of Education

5. What schools are expected to teach:  relationship of income level to supply and demand in the market  roles of people in the economy  consequences of choices affecting budgets, savings, credit, philanthropy and investments  the effect of interest rates on savers and borrowers.

6. How do we get started?  Start NOW!!!  Use a simulation game  Newspapers  Do NOT overteach!…Have students explore and learn.

7. Resources with Free (or Almost Free) Materials  National Endowment for Financial Education® (NEFE®)  Jump$tart Coalition  FDIC MoneySmart Computer Based Program  Financial Literacy for Teens by Chad Foster  Ohio Department of Education’s website  USA Today Newspaper  Dave Ramsey’s Foundations in Personal Finance  Fantasy Stock Market Game

8. National Endowment for Financial Education® (NEFE®)  Price: Free Unit Topics  Your Financial Plan: Where It All Begins  Budgeting: Making the Most of Your Money  Investing: Making Money Work for You  Good Debt, Bad Debt: Using Credit Wisely  Your Money: Keeping It Safe and Secure  Insurance: Protecting What You Have  Your Career: Doing What Matters Most http://hsfpp.nefe.org/home

9. Jump$tart Coalition  Price: Free  Offers the National Financial Literacy Challenge  Website is a resource to many other free resources  Check out the links under: RESOURCES http://www.jumpstart.org/

10. FDIC MoneySmart Computer Based Program  Price: Free  Helps youth ages 12-20 learn the basics of handling their money and finances  Aligned with educational standards  8 instructor lead modules  Modules includes a fully scripted instructor guide, participant guide, and overhead slides http://www.fdic.gov

11. Financial Literacy for Teens by Chad Foster  Price: $  10 day short course or DVD  Teaches a better understanding of how to make, manage, protect, and save money Topics  Credit Card Debt, Needs and Wants, Insurance Essentials, Secrets to Saving, Income Taxes, Internet Scams and Multiplying Money http://www.chadfoster.com

12. Ohio Department of Education’s website  Price: Free  Offers a number of free resources  Offers Professional Development http://www.ode.state.oh.us

13. USA Today Newspaper  Price: Free  Online newspaper  Grant money is available if you would like to have it delivered to your classroom.  Teaches students to enhance reading skills  Students can summarize articles on the economy and financial planning http://www.usatoday.com

14. Dave Ramsey’s Foundations in Personal Finance  Price: $  Aligns to the National Standards for Financial Literacy  4 units and 12 chapters  Available as a 5 disc Media Library  Students follow along using a student workbook which is available as a PDF  Elementary version http://www.daveramsey.com/school

15. Fantasy Stock Market Game  Price: Free  Requires registration on all students  Private contests for classes  Allows students to work on their own and to help them learn from their mistakes http://www.wallstreetsurvivor.com/

16. Websites for More Information  http://www.yourmoneynowonline.org  http://www.fefe.arizona.edu  http://www.practicalmoneyskills.com  http://www.mymoney.gov  http://www.uen.org/financial_lit/student/t een_activities.shtml  http://www.themint.org

17. Other Options:  Financial Services offered through Ohio Tech Prep  Classes offered through banks

18. More Information Mrs. Mindy Clark Green High School Franklin Furnace, OH 1-740-354-9150 Mindy.clark@green.k12.oh.us