NEFE HSFPP Part 2 High School Financial Planning Program Financial Education for a New Generation Presented by Susan H Gubing by vyo66635

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									NEFE HSFPP Part 2
High School Financial Planning Program
Financial Education for a New Generation
                           Presented by:

                          Susan H. Gubing
                                CareerSmarts
               Professional Development Consultant
                      Buffalo State Instructor

                        Donna Shepardson
               Columbia High School, East Greenbush, NY
                    Business Education Instructor

                         July 20, 2010


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                        Cornell University Family Economic Resource
                            Management Program Work Team
D&S
         “Top 10" Financial Myths
        Held by 14- to 21-year-olds
      Video – Fool Proof Me.com http://www.aboutfoolproof.com/press/video_page.htm

  1.    I don't have to worry about credit at my age
  2.    Bad credit can't keep me from getting a job
  3.    All loan companies have the same rates
  4.    All credit cards are alike
  5.    The job of financial advertising is to tell the
        truth

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D&S
       “Top 10" Financial Myths
      Held by 14- to 21-year-olds

 6. It's OK to bounce a few checks
 7. It's OK to make minimum payments on a
    credit card
 8. Paying late occasionally can't hurt my credit
 9. Fine print isn't important
 10.Young people don't have credit scores


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    Why is financial education
      important for teens?

1. Financial security in adulthood is extremely
   important
2. High level of personal debt among young
   people after high school
3. High bankruptcy rate among young people
4. Lack of experience handling money
5. They don’t always learn about this at home

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Who is teaching financial literacy?
K- 12
                     Business
College
Employers

                           Social
                          Studies



                            Math


                       Family
                       Consumer
                       Science
Collaborate !    5
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     Financial Literacy Resources




    URLs on resource sheet   6
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        HSFPP Content
1.   Your Financial Plan: Where It All Begins
2.   Budgeting: Making the Most of Your Money
3.   Investing: Making Money Work for You
4.   Good Debt, Bad Debt: Using Credit Wisely
5.   Your Money: Keeping It Safe and Secure
6.   Insurance: Protecting What You Have
7.   Your Career: Doing What Matters Most


Free!                     7

                   NEFE High School Financial Planning Program®
Financial Literacy
  21 st Century

   Delivery of
    Content


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http://www.p21.org/




     9                9
        20th Century Instruction
    Teacher – Lecturer……Student works independently.

         20th Century
     Red brick school house

• Class assignments
• Homework assignments
• Projects
• Tests
• Learning is restricted to the
classroom



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          21st Century Instruction
        Teacher – Facilitator……..Students Collaborate
          Engagement...Empowerment…Excitement

                      21st Century
                  Classroom with no walls.
•Group discussion
•Individual application
•Group application
•Individual or group data recall assessment

Plus:
Internet research
Hands-on demonstration
Use of technology such as audio/video
Project based and/or authentic learning           11
                    1: Your Financial Plan
      Target Competency: Create a personal financial plan.
                     Learning Activities
Teacher/-Facilitator     Unit overview                                 NEFE
                         In this unit you will…           P1, Visual
Group discussion         “What Do You Think?”             P2
Individual application   “Try It!” Exercises              P4, 5, 6
                                                          Needs and Wants
Group application        “You Can Do It!”                 P7
                                                          Smart Goals
                                                          Personal Spending
Internet research        “Did You Know?”                  P9
Hands on                 NEFE Game, role plays            Online
Technology               Podcast, Video, blogs, Twitter   P12 Financial Planning
                                                          Strategies
Project                  Speakers, field trips, project   P11 Deciding to Buy a Car
based/Authentic          creation
Assessment               Create Personal Financial        P14                 12
                         Plan
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D&S
         2. Budgeting:
 Making the Most of Your Money
   Competency: Prepare a Personal Budget

 NEFE Assignments: Expenses, Income. Saving, Building a Budget,


 Project-based/Authentic Learning                                 Visual
 1.   Values Activity
 2.   Tom’s Pay
 3.   Budget Project
 4.   Renter’s Guide – http://rentersguidealbany.com

 Speakers: Accountant, credit union
 Videos: Bill Cosby, Saturday Night Live
      www.teachersmarts.com/money/videos.htm
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D&S
              Kick-off a topic with a video!
                  Bill Cosby’s Financial Literacy Series

                                              Budgeting
                                              Apartment
                                              Living
                                              Getting A job
                                              References
                                              Theo Needs a
                                              Loan



      SNL – Credit Card
            Debt
www.teachersmarts.com/money/videos.htm
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 D&S
              3. Investing:
       Making Money Work for You
Competency: Propose a personal saving and investing plan
  NEFE Assignments: Math calculations, decision-making, advantage of saving
  early.


  Project-based/Authentic Learning
                                                                   Visual
  1.   2010 Investment Chart

  Speakers: Financial Advisors
  Videos: CNBC
  Games: BTA – Stock Market Game – free to members
         www.stockmarketgame.com       http://www.btanys.org/

                                      16
D&S
           4. Good Debt, Bad Debt:
              Using Credit Wisely
  Competency: Select strategies to use in handling credit
  and managing debt.
  NEFE Assignments: FAQs about credit, Applying for a loan, 4 C’s of credit,
  Personal plan to handle credit.

  Project-based/Authentic Learning                                  Visual
  1.   Buying an Auto
  2.   Understanding Credit Reports
  3.   Credit Guide Notes
  4.   Credit Card Comparisons – www.cardtrak.com
  5.   Chris Hanson – Credit Crisis http://www.msnbc.msn.com/id/29881849/

  Speakers: CARE Program                                                       17
  Videos: Young Money - www.youngmoney.com
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         www.brasscu.com




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D&S         5. Your Money:
       Keeping It Safe and Secure
Competency:
Demonstrate how to use various financial services.
NEFE Assignments: My financial service provider, checking accounts, Choosing a
credit card

Project-based/Authentic Learning                                     Visual

1.    Identity Theft
2.    Internet Research: Trends, credit card comparisons

Speakers: Credit Union – online banking

                                                             Continued….

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D&S          5. Your Money:
        Keeping It Safe and Secure
Competency:
Demonstrate how to use various financial services.

Videos:
•   Federal Trade Commission http://www.ftc.gov/multimedia/video/index.shtml
•   Take Charge Fight Back Identity Theft http://bulkorder.ftc.gov/ .
    Also free video Detect, Deter, Defend: Avoid ID Theft
•   New York Credit Union Foundation Id Theft Public
    Service Video
•     http://www.nycuf.org/financial_education/id_theft_creditunions_psa_video.php

•     iTunes Store and iTunes University – www.apple.com/itunes/



                                                 20
     Podcasts - iTunes




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D&S
            6. Insurance:
      Protecting What You Have
Competency: Create a personal insurance plan that
will minimize your personal or financial losses.

NEFE Assignments:   Case for insurance, personal financial risk exposure, car
insurance.

Project-based/Authentic Learning
1.    PowerPoint from NEFE

Speakers: Insurance representatives
Videos: Insurance – Protecting What You Have
     http://www.nextgen3.org/NEXTGen3.htm

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D&S
                  7. Your Career:
              Doing What Matters Most
 Competency: Examine how a career choice and lifestyle
 affect your financial plan.
 NEFE Assignments: Marketable skills, career prep, job benefits, link between
 careers and financial security.

Project-based/Authentic Learning                                                Visual
1.     NYS CareerZone – www.nycareerzone.org
2.     SUNY Career - www.suny.edu/student
3.     Compare Employee Benefits

Speakers: DOL, College Career Center professionals, professional
     associations, unions, school personnel.
Videos: Career One Stop
http://www.careerinfonet.org/videos/COS_videos_by_cluster.asp?id=27&nodeid=28

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              Donna’s Top Websites
                SITES                                      URLs
Family Economics and Financial          www.Fefe.arizona.edu
Education
Practical Money Skills                  www.practicalmoneyskills.com
Bank Rate                               www.bankrate.com
EdHelper                                www.edhelper.com
Money Skill                             www.moneyskill.org
Next Step University                    www.nextstepu.com
Young Money                             www.youngmoney.com
Your Life, Your Money Video and Game    http://www.pbs.org/wned/videos.php
on line
Buy Oprah's Debt Diet 5 Show Series     http://oprahstore.oprah.com/p-285-join-the-
                                        debt-diet-dvd.asp

Shows to look for on CNBC- Great        http://www.cnbc.com/id/15837856/site/14081
website for slide shows, etc.           545/

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              Sue’s Favorite Sites
                SITE                                   URLs
Blogs                                •http://www.jeanchatzky.com/
•Jean Chatzky’s blog                 •http://usatodayeducate.com/wordpress/in
•USA TODAY                           dex.php/lesson-library-financial-literacy

Twitter – Follow the gurus – Suzy    http://twitter.com/suzeormanshow
Orman
Games – Gen I Revolution             http://www.genirevolution.org/


NY Credit Union Foundation           http://www.nycuf.org/
FDIC Money Smart                     http://69.0.254.19/wwMS/english/InfoBoot
                                     h/index.htm
USA Today Money Matters              http://usatodayeducate.com/wordpress/in
                                     dex.php/money-matters-101



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Gen I Revolution
  http://www.genirevolution.org/




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D&S

      Financial Literacy @ Its Best!
 Build your students foundation with NEFE’s
  robust, free materials.
 Use 21st Century instructional techniques
      Communication, collaboration, creativity,
       research, technology, project-based learning.
 Supplement with:
      Videos, podcasts, field trips, games
      Blogs, twitter, websites
      Additional financial related websites
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D&S

       Thank you!




      ?? ??
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          Contact Information

Susan Gubing
sgubing@gmail.com

Donna Shepardson
ShepardsonDo@egcsd.org




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NEFE HSFPP
Financial Education for a New Generation
http://hsfpp.nefe.org

								
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