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financial literacy (PowerPoint)

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					      Life Skills:
Financial Literacy Skills
      Tracy Boyington
           CIMC
CIMC’s Financial Literacy Skills
curriculum
• Why do I need it?
• What’s in it?
Passport to Financial Literacy Act
• Oklahoma’s Passport to Financial Literacy Act
  requires schools to teach personal financial
  literacy education
• Implementation will be phased in
  – 2008-09 school year: 7th grade
  – 2013-14 school year: 7th – 12th grades
14 required topics
• Understanding interest,        • Understanding loans and
  credit card debt, and online     borrowing money, including
  commerce                         predatory lending and
• Rights and responsibilities      payday loans
  of renting or buying a home    • Understanding insurance
• Savings and investing          • Identity fraud and theft
• Planning for retirement        • Charitable giving
• Bankruptcy                     • Understanding the financial
• Banking and                      impact and consequences
  financial services               of gambling
• Balancing a checkbook          • Earning an income
                                 • Understanding state and
                                   federal taxes
Financial Literacy Skills
1. Managing Money
2. Understanding Banking
3. Using Credit Wisely
4. Understanding Taxes and Insurance
5. Understanding Investing and Home
   Ownership
6. Understanding Consumer Fraud and Identity
   Theft
Financial Literacy Skills
• Wrap-around teacher book
• Multiple-choice tests
• Attractive, friendlier format
Managing Money
• Careers/earning money
• Budgeting/money management/financial
  planning
• Comparison shopping
• Paycheck basics
• Gambling
• Charitable giving
Understanding Banking
•   Functions of a bank
•   Earning and paying interest
•   How to get and use a bank account
•   Balancing a checkbook
•   Protecting your accounts
Using Credit Wisely
•   Different types of credit
•   Advantages and disadvantages of using credit
•   Credit warning signals and credit counseling
•   Bankruptcy
•   Credit reports and credit ratings
•   Debt collection
Understanding Taxes and Insurance
•   Purpose of taxes
•   Filling out tax-related paperwork
•   Auto insurance
•   Homeowner’s/renter’s insurance
Understanding Investing and Home
Ownership
•   Investment glossary
•   Risks and benefits of different investments
•   Sources of retirement income
•   Owning vs renting a home
•   Leases
•   Mortgages
•   Housing budget
Understanding Consumer Fraud and
Identity Theft
•   Advertising and sales techniques
•   Consumer fraud
•   Consumer protection/complaints
•   Spotting, stopping, and preventing identity
    theft
Other resources
• PowerPoints, websites, and word puzzles
  – okcimc.com/titles/financial-literacy
• Free online evaluation administered by
  CareerTech’s Testing Division
  – okcareertech.org/testing
Other resources
• Free online instruction by partner organization
  Shryk
  – shryk.com
  – mymoola.org
  – weprosper.org
• Financial Literacy PASS Skills
  – http://sde.state.ok.us/Curriculum/PFLP/PASS.pdf
• Glossary
  – http://sde.state.ok.us/Curriculum/PFLP/Glossary.pdf
Questions?
For more information:
Tracy Boyington
405.743.5516
tracy_boyington@okcareertech.org
okcimc.com/titles/financial-literacy

				
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