Family Economics & Financial Education
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Transcript of Family Economics & Financial Education
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 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
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)
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
CURRICULUM DESIGN & CODING
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
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
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
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
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
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
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
Family Finance SimulationsLife in… & Life of…
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
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
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
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
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
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
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
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
FEFE WEB SITE
Where to login/Create an account
Personal Profile
Curriculum Main Page
Career Table of Contents
Career Research 1.1.2
File Download
Educational Support
Contact Us
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
Any Questions?