Family Economics & Financial Education

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Family Economics & Financial Education A Collaborative Project Among:

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Family Economics & Financial Education. A Collaborative Project Among:. Project Mission. “Provide educators with no-cost curriculum materials and the skills and confidence to effectively teach family economics and finance”. Curriculum Development. - PowerPoint PPT Presentation

Transcript of Family Economics & Financial Education

Page 1: Family Economics & Financial Education

Family Economics & Financial Education

A Collaborative Project Among:

Page 2: Family Economics & Financial Education

Project Mission“Provide educators with no-

cost curriculum materials and the skills and confidence to

effectively teach family economics and finance”

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Curriculum DevelopmentCurriculum developed by educators for

educatorsThe team of educators developed, taught,

and evaluated curriculum materials– The educators were part of the project’s

Master Teacher program;•Educators complete a week-long training, use

the curricula in their classrooms and provide continued support to FEFE through evaluation and development of new materials and newly trained family finance educators

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Curriculum DevelopmentOver 100 lesson plans currently available that have

been tested and aligned to state and national standards

Up-to-dateDesigned using a family based approach and the

multiple intelligences model, in a ready-to-teach format requiring minimal educator preparation

Lessons may be taught independently, in units, or as a semester course “Take Charge of Your Finances”– Lessons available for many content courses (CTSO’s,

Culinary Arts, Child Development, Entrepreneurship)

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Curriculum TypesOver 100 Lessons Take Charge of Your

Finances– Approximately 60 lesson

plans designed for students grades 10-12

Get Ready to Take Charge of Your Finances– Approximately 15 lesson

plans designed for students grades 7-9, or those with limited financial knowledge

Finance Simulations– Applied assessments for

both Take Charge and Get Ready curriculums

Bulletin Boards– Create a positive learning

environment Active Learning Tools

– Quick activities to introduce a lesson, review content learned and/or keep students actively engaged

Enhancement Tools– Project based learning

Workshop Guides – The most important content

condensed into a 60 min workshop format

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CURRICULUM DESIGN & CODING

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Ready-to-Teach DesignLesson Plan

– Introduction• All background information

– Body• Recommended step-by-step facilitation

– Conclusion• Activity based review

– Materials• List of necessary supplies

– Resources• Reference lesson plans, documents, Web sites and more for

additional information

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Lesson Plan ComponentsWorksheets

– Test student’s knowledge

– Consistent format– Can be used in

multiple waysNote taking guides

– Graphic organizers to help participants make note of key content within the lessons

Answer Keys– Created for all

worksheets and assessments

PowerPoint presentations– Guides student learning– Created for most lesson

plansInformation Sheets

– Serves as the student’s text book

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Curriculum CodingDesigned to identify curriculum materials

in each unit and lesson planCode appears in the upper-right corner of

all pagesUnderstanding the coding system is critical

to effectively navigating the Web siteHelpful when asking the FEFE staff

questions to reference the codeRefer to Curriculum Coding System

document

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Curriculum CodingFirst Number [1.4.3.A1]

– Curriculum Type• 1 = Take Charge of Your Finances• 2 = Get Ready to Take Charge of Your Finances• 3 = Finance Simulations• 4 = Bulletin Boards• 5 = Active Learning Tools• 6 = Enhancement Tools• 7 = Workshop Guides

Second Number [1.4.3.A1]– Unit Code 1-30

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Curriculum CodingThird Number [1.4.3.A1]

– Lesson Plan Number– Lesson Plans are not listed in recommended teaching

orderFourth Number (Letter and Number)

[1.4.3.A1]– Materials Code– The number after the materials code differentiates

between multiple materials of the same styleExamples:

– 1.4.3.A1– 2.4.1.L1

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FREE Curriculum!All curriculum is available for no cost!

Must create a user name and password to download materials

Can edit personal profile at any time– All spaces must be filled in for the profile to be created

properly Can choose to receive important FEFE

announcements including curriculum revisions, the bi-monthly newsletter, and training updates

Can “Contact Us” to receive staff support

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Professional Development FEFE Newsletter with curriculum updates and important

announcements– Must have indicated “Yes” on the FEFE Web site log-in

National Conference each June in Tucson, AZA limited amount of grants will be available each

JanuaryWeek-long annual training conference;

– Provide educators with background knowledge to teach personal finance;

– Allow educators to experience the lesson plans to feel more comfortable teaching them;

– Provide educators with all of the printed curriculum and materials necessary to teach the lesson plans;

– Network with other professionals

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Family Finance SimulationsLife in… & Life of…

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Project funded by a generous grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

3.18.3.G1

Welcome to Life in…

Research based, ready-to-teach family finance spending plan simulation– Designed to emulate the “real life”

constraints households encounter when managing their finances

– Designed as a community of 25 individuals in 18 households

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Project funded by a generous grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

3.18.3.G1

Life in Objectives

Create a spending plan Provide realistic insights into the costs of

living associated with the spending plan process

Incorporate the use of the decision making process into daily life

Demonstrate the relationship between income, education and career opportunities

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Project funded by a generous grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

3.18.3.G1

Boykin Family

• Have a cat named Melvin who costs $56 monthly• Recently purchased a home• Additional health care expenses for fertility drugs and saving

money to adopt a child

ChildrenNone

OccupationMartrell - Surveyor

De’ara - High School Family and

Consumer Sciences Teacher

ResidenceMetropolitan Area

2-5 MillionEducational Level

Martrell - Associate’s DegreeDe’ara - Bachelor’s Degree

Personal ProfileRace/Gender/Age

Marital StatusMartrell - African American Male,

Age 40De’ara - African American Female,

Age 35Married for 8 years

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Project funded by a generous grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

3.18.3.G1

Spending Plan Process

• Complete a spending plan for scenario;– Housing;– Transportation;– Insurance;– Food;– Average expenditures;– Credit and Chance Cards;

• Goal is to reach zero

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Project funded by a generous grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

3.18.3.G1Sample Life In…

Housing Options

House A$259,900—A 1963 sq. ft. three story fixer-upper home featuring 5 bedrooms, 2 bathrooms, family room, living room, laundry room w/ washer/dryer, porch, fenced yard, and 4 car garage.

Mortgage: $1,246.59/mo.Insurance: $90.67/mo.Property Taxes: $405.01/mo.Repairs & Maintenance: $433.00/mo.Down Payment: $21,980.00Total Interest Paid (over lifetime of loan): $240,850.76Location: Anywhere

House B$139,900—A 900 sq. ft. condominium featuring 3 bedrooms, 1 bathroom, window air conditioning, extra storage, and pets are allowed.

Mortgage: $671.02/mo.Condominium Association Fee: $150.00 (covers water/sewer, garbage, and building maintenance)Insurance: $15.83/mo.Property Taxes: $218.01/mo.Repairs & Maintenance: $83.16/mo.Down Payment: $27,980.00Total Interest Paid (over lifetime of loan): $129,646.10Location: Anywhere

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Project funded by a generous grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

3.18.3.G1

Facilitation Methods

Facilitator guided Semester course

Throughout or at the end as an applied assessment

Workshop (about 3 hours) Independent study Career development Your own creative way

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Family Economics & Financial Education

Funded by a grant from Take Charge America, Inc.

Get Ready to Take Charge of Your Finances

Life Of…..

Taylor B. Jones“A Teenager’s Spending Plan”

Funded by a grant from Take Charge America, Inc.

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Family Economics & Financial Education

Funded by a grant from Take Charge America, Inc.

• Attends North Shore High School• Participates in motocross

competitions• Member of the chess club• Part time job at Cubby’s Restaurant

& Grill

SnapshotTaylor B. Jones

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Family Economics & Financial Education

Funded by a grant from Take Charge America, Inc.

SnapshotTaylor’s Income and Expenses

• Taylor’s Income– Cubby’s Restaurant & Grill

• $7.25/hour• 10 hours a week• $75.00/ month for tips

– Allowance• $20.00/month

– Gifts• $50.00 birthday gift

Taylor’s Expenses– Transportatio

n• Fuel

– Other Items

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Family Economics & Financial Education

Funded by a grant from Take Charge America, Inc.

• Browse through page 5-7

• House – Family Size – Hobbies– Lifestyle – Other Family Dynamics

• Transportation– Taylor

• Get to and from work• Taylor must pay for his own fuel expenses

– Jones Family• Family Size• Neighborhood Car pool

Jones’ Major Family Expenditures Summary

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Family Economics & Financial Education

Funded by a grant from Take Charge America, Inc.

House BA 1016 sq. ft. single story mobile home featuring 3 bedrooms, 2 bathrooms, fireplace, porch, shed and small lot.Monthly Payment: $478.65Utilities: $170.85

House AA 1963 sq. ft. three story fixer-upper home featuring 5 bedrooms, 2 bathrooms, family room, living room, laundry room with washer/dryer, porch, fenced yard, and 4 car garage.Monthly Payment: $2454.32Utilities: $206.20

Sample Housing Options

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Family Economics & Financial Education

Funded by a grant from Take Charge America, Inc.

• Educator facilitated in 3-4 45 minute class periods

• Life of Monica Erickson, Life of Ben West, Life of Mandy Gonzales, and Life of Carlos Chavez are also available

• Others will be coming soon!

Facilitation & Acquiring

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Financial Statistics Puzzle 5.0.18 Prepare puzzle pieces

– Type financial statistics using a large font and landscape layout, type one statistic per page

– Print each statistic on different colored paper– Cut each page into 4-7 pieces, creating a

separate puzzle for each piece of paper Play activity

– Give each participant a piece of a puzzle– Direct participants to find others that have the

same color paper– Once they find everyone with the same colored

paper, the group must put their puzzle together to reveal the financial statistic

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Facilitation Tips Once the statistics have been formed they

can be posted on butcher paper. Give participants the opportunity to walk around and give initial feedback on the statistics

Have participants display their statistics in different areas of the school or community

Do fact or fiction statistics instead of all fact encouraging discussion among participants

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FEFE WEB SITE

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Where to login/Create an account

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Personal Profile

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Curriculum Main Page

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Career Table of Contents

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Career Research 1.1.2

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File Download

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Educational Support

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Contact Us

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Contact InformationAddress:

Family Economics and Financial Education

The University of Arizona650 N. Park Ave Room 427

Tucson, AZ 85721E-Mail: [email protected] site: www.fefe.arizona.edu

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Any Questions?