Financial Literacy Programs for Teens
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Transcript of Financial Literacy Programs for Teens
FINANCIAL LITERACY PROGRAMMING FOR
TEENSJamie Beckman & Karen Steinberger
Carmel Clay Public Library
August 26, 2013
Background Information• Received financial literacy grant from the
FINRA Investor Education Foundation in partnership with the American Library Association
• Smart Investing @ Your Library® funds efforts to provide library patrons with effective, unbiased financial education resources
• Money From A to Z is the financial literacy initiativeof the Carmel Clay Public Library
Goals for YA
• Teens can (& will want to) use what they learn right away
Practical and Relevant
• Teens are excited to attend on their free time
Social and Fun
• A signature program library staff can reuseon a regular basis with only slight adaptations
Wise Use of Library Resources
Quality Financial Literacy Programs for Teens in Grades 6-12
• DIY Holiday GiftsAnnual
• Board GamesPassive
• Dine on a DimeMonthly
Teaching Teens about MoneyProgram kickoff November 2011 • Still going strong in 2013
Annual – DIY Holiday Gifts
Hot Cocoa Cones
Holiday Poppers
Tissue Paper Gift Bows
Sock Snowmen
Printz Charmings
Duct Tape Lanyards
Spend less this holiday season by handcrafting personalized gifts for family and friends!
HOLIDAY GIFTBUDGET WORKSHEET
Side 1
• Cost comparison between store-bought gifts and DIY alternatives
Side 2
• Steps to shopping on a budget• Form to plan and track spending
Holiday Gift Budget Worksheet
Passive – Board Games
Monthly – Dine on a DimeTreating Yourself – and Your Wallet!
Learn the secrets of making your favorite treats at home for a fraction of restaurant prices.
Inspiration and Details
Last Wed. of each month
Drop in anytime• School year 3:30 – 5:00 pm• Summer 12:30 – 2:00 pm
Staffing• 2 Librarians• 6 Teen volunteers
Financial Literacy Tools• Collectible recipe card• Bookmark• Book display• Board games• Financial Football web-based game
http://www.practicalmoneyskills.com/games/trainingcamp/
• The SUCCESS Program by James Langford ofFinancial Education Solutions
Supports Indiana Academic Standards
The SUCCESS ProgramFinancial Education Solutions
10-part series: videos • activities • lesson plans
by James Langford
Example of Key Concepts: Debt
“Debt is money owed to someone else.”
“The total cost of the loan varies with the interest rate and the length of the loan.”
“You never take out a loan for something that you consume—period!”
From the SUCCESS Program by James Langford
Recipes that worked for us!
Bubble Tea Milkshakes
Chocolate Strawberries Nachos
Coffee Drinks Retro Drinks
Cookie Decorating Slurpees®
Cupcake Decorating Smoothies
Edible Arrangements® S’mores
Hot Chocolate Sundaes
Italian Sodas Sweet Tea
Average AttendanceDine on a Dime doubles & triples participation
Min Max Other Series Programs
DIY Holiday Gifts
Dine on a Dime
0
10
20
30
40
50
60
5
25
15
26
51
Expected
Actual
Survey
Says…
“Fun•Delicious•Informative”
“Helpful class”
“It was awesome! I have been looking forward to this all month!”
“Making frappuccinos is easy”
“Will def. use the recipe card in future.”
“Homemade = Cheaper”
“Do again!”
Name one thing you learned today
Average Ratings out of 5 Possible Points
4.7 Enjoyed making recipe
4.3 Plan to use this idea to save money
4.1 Plan to try recipe at home
4.1 Learned about cost of groceries
3.2 Noticed interesting book on display
3.2 Learned something from video
75 Respondents named a financial literacy concept• out of 192 surveyed participants during first 6 months• open-ended question!
Other Outcomes
• CommunityPartnership
• VolunteerOpportunities
• Connecting with non-library users
• Marketing YA programs, services & collections
Tips and Tricks• Money Smart Week: April• Cookbook: Top Secret Recipes• Blenders: get some – worth it!• Ice Cream– Walmart & Target brands = good– Soften for 30 minutes– Put carton in large bowl for less mess
• Marshmallows: get one bag halal• Music: Support high school radio stations– WHJE 91.3 FM celebrating 50 years on the air!
Resources• Carmel Clay Public Library “Money from A to Z”
http://www.carmel.lib.in.us/smartinvesting/
• FINRA Investor Education Foundationhttp://www.finrafoundation.org/
• Indiana Academic Standards: Financial Literacyhttps://learningconnection.doe.in.gov/
• Money Smart Weekhttp://www.moneysmartweek.org/
• Smart Investing @ Your Library®http://smartinvesting.ala.org/
QUESTIONS?
Jamie Beckmanjbeckman (at) carmel.lib.in.us
Karen Steinbergerksteinberger (at) carmel.lib.in.us