1. Does Money Grow on Trees? Value of a Job & Earning Power

2. 2.1.1.G1 © Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 2 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Where does Money come from? Working Gifts Allowance Bonus Interest Fundraising Scholarships Borrowing

3. 2.1.1.G1 © Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 3 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona A Look from the Treetop In this lesson we will learn: – Why People Work – Value of a Job, Occupation, and Career – Relationship between Education Level and Income – Standard of Living – Identify Needs and Wants – Aspects of Well-Being – Planning for the Future

4. 2.1.1.G1 © Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 4 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Why Do People Work? To feel personal satisfaction To improve their skills To earn money

5. 2.1.1.G1 © Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 5 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona What is a Job? Work role within a specific organization – Paid or unpaid Examples: – Lawn mower at Community Golf Course – Secretary at ABC Law Firm – Brain Surgeon at Hospital X

6. 2.1.1.G1 © Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 6 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona What is an Occupation? A wide category of jobs with similar characteristics What other jobs fall under the occupation or “umbrella” of an educator? Job Educator Youth Group Leader High School Teacher Community Volunteer

7. 2.1.1.G1 © Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 7 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona What is a Career? A lifetime journey of building and making good use of your skills, knowledge and experiences Influenced by: – Family – Friends – Education – Work – Leisure Activities

8. 2.1.1.G1 © Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 8 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Mind Mapping Career (Educator)

9. 2.1.1.G1 © Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 9 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Mind Mapping Career (Educator) Occupation (Math Teacher) Occupation (Elementary Teacher)

10. 2.1.1.G1 © Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 10 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Mind Mapping Job (Teacher Aid) Job (Swim Coach) Job (Play Ground Worker) Job (maintenance staff) Career (Educator) Occupation (Math Teacher) Occupation (Elementary Teacher)

11. 2.1.1.G1 © Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 11 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Mind Mapping Career (Professional Athlete)

12. 2.1.1.G1 © Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 12 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Mind Mapping Career (Professional Athlete) Occupation (basketball player) Occupation (football player)

13. 2.1.1.G1 © Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 13 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Mind Mapping Job (Equipment Manager) Job (Floor Sweeper) Job (grounds keeper) Job (maintenance staff) Career (Professional Athlete) Occupation (Basketball Player) Occupation (Football Player)

14. 2.1.1.G1 © Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 14 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Your Turn! Job Career Occupation

15. 2.1.1.G1 © Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 15 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona A Day in the Life of Bill… Carefully read the story about a typical day in the life of Bill. Use the information to answer the questions that follow. NOTICE: Don’t forget the Bonus question on the bottom of the page! Are there any questions?

16. 2.1.1.G1 © Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 16 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Education Matters Which education level has the opportunity to earn the highest income? Education LevelType of Work U.S. Average Income (2007) Not high school graduateJob$33,913 High school graduateJob, occupation$46,938 Associate degreeJob, occupation, career$64,537 College degreeJob, occupation, career$88,948 Graduate degreeJob, occupation, career$115,179

17. 2.1.1.G1 © Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 17 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Education vs. Income Tower Activity Goal: Build the tallest free-standing tower using only the given supplies. Challenge: Each group has a different education level with certain skills/limitations. – High School dropout – High School graduate – Associate degree – College degree – Graduate degree Solution: Work together and good luck!

18. 2.1.1.G1 © Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 18 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Education vs. Income Tower Activity Directions High School Dropout: Team members can use one hand only, the other must be kept behind their back and all communication must be done nonverbally to represent limited skills and education. High School Graduate: Team members can use one hand only and the other must be kept behind their back. Associate degree: Team members have full use of their hands but all communication must be done nonverbally. College degree: Team members have full use of their hands and the team must designate one person only who can talk. The others must communicate nonverbally. Graduate degree: Because these individuals have obtained the highest level of education, they have no limitations when building a tower.

19. 2.1.1.G1 © Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 19 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Education vs. Income Tower Activity Discussion Which group had to work the hardest to build the tower? Why? Why were some groups more successful than others? How did the education level relate to the degree of the assigned limitations? How might a person get the “skills” needed for the opportunity to have a career and earn a higher income?

20. 2.1.1.G1 © Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 20 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Standard of Living A standard of living is the minimum necessities thought to be essential – Millionaire – fancy food, mansion, new car – College student – instant soup, small apartment, used car Need – essential items required for life – Food, water, shelter Want – unnecessary but desired items – iPod, car, designer clothes

21. 2.1.1.G1 © Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 21 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Well-being The state of being happy, healthy, and prosperous Impacted by: – How money is gained – Career choice – How money is spent Personal financial choices can affect an individual or entire family’s overall well-being

22. 2.1.1.G1 © Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 22 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Think Ahead Identify a desired standard of living at an early age to determine: – Level of education needed – Type of job to have – Desired career path – Future needs and wants – Income level What do you want to be when you grow up?

23. 2.1.1.G1 © Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 23 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona Fertilize your Future Plan NOW for your desired standard of living… Education helps a person reach their financial goals OR