Family Economics Financial Education A Collaborative Project Among

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 «Curriculum developed by educators for educators «The 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 Development « Over 100 lesson plans currently available that have been tested and aligned to state and national standards « Up-to-date « Designed 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 Types Over 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 Design « Lesson 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 Components « Worksheets – Test student’s knowledge – Consistent format – Can be used in multiple ways « Note taking guides – Graphic organizers to help participants make note of key content within the lessons « Answer Keys – Created for all worksheets and assessments « Power. Point presentations – Guides student learning – Created for most lesson plans « Information Sheets – Serves as the student’s text book

Curriculum Coding « Designed to identify curriculum materials in each unit and lesson plan « Code appears in the upper-right corner of all pages « Understanding the coding system is critical to effectively navigating the Web site « Helpful when asking the FEFE staff questions to reference the code « Refer to Curriculum Coding System document

Curriculum Coding « First Number [1. 4. 3. A 1] – 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. A 1] – Unit Code 1 -30

Curriculum Coding «Third Number [1. 4. 3. A 1] – Lesson Plan Number – Lesson Plans are not listed in recommended teaching order «Fourth Number (Letter and Number) [1. 4. 3. A 1] – Materials Code – The number after the materials code differentiates between multiple materials of the same style « Examples: – 1. 4. 3. A 1 – 2. 4. 1. L 1

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, AZ « A limited amount of grants will be available each January « Week-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 Simulations Life in… & Life of…

3. 18. 3. G 1 Welcome to Life in… êResearch 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. G 1 Life in Objectives êCreate a spending plan êProvide realistic insights into the costs of living associated with the spending plan process êIncorporate the use of the decision making process into daily life êDemonstrate 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. G 1 Boykin Family Personal Profile Race/Gender/Age Marital Status Children None Martrell - African American Male, Age 40 De’ara - African American Female, Age 35 Married for 8 years Occupation Martrell - Surveyor De’ara - High School Family and Consumer Sciences Teacher • • • Residence Metropolitan Area 2 -5 Million Educational Level Martrell - Associate’s Degree De’ara - Bachelor’s Degree 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 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. G 1 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

Sample Life In… Housing Options Mortgage: $1, 246. 59/mo. Insurance: $90. 67/mo. Property Taxes: $405. 01/mo. Repairs & Maintenance: $433. 00/mo. Down Payment: House A $259, 900—A 1963 sq. $21, 980. 00 Total Interest Paid ft. three story fixerupper home featuring 5 (over lifetime of loan): bedrooms, 2 bathrooms, $240, 850. 76 Location: Anywhere family room, living room, laundry room w/ washer/dryer, porch, fenced yard, and 4 car garage. 3. 18. 3. G 1 Mortgage: $671. 02/mo. Condominium Association Fee: $150. 00 (covers water/sewer, garbage, and building maintenance) Insurance: $15. 83/mo. House B Property Taxes: $139, 900—A 900 sq. ft. $218. 01/mo. condominium featuring Repairs & Maintenance: 3 bedrooms, 1 bathroom, $83. 16/mo. window air conditioning, Down Payment: extra storage, and pets are $27, 980. 00 allowed. Total Interest Paid (over lifetime of loan): $129, 646. 10 Location: 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. G 1 Facilitation Methods êFacilitator guided êSemester course êThroughout or at the end as an applied assessment êWorkshop (about 3 hours) êIndependent study êCareer development êYour own creative way 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

Family Economics & Financial Education 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, 21 Inc.

Family Economics & Financial Education Snapshot Taylor B. Jones • • Attends North Shore High School Participates in motocross competitions Member of the chess club Part time job at Cubby’s Restaurant & Grill Funded by a grant from Take Charge America, 22 Inc.

Family Economics & Financial Education Snapshot Taylor’s Income and Expenses • Taylor’s Income – Cubby’s Restaurant & Grill • $7. 25/hour • 10 hours a week • $75. 00/ month for tips «Taylor’s Expenses – Transportation • Fuel – Other Items – Allowance • $20. 00/month – Gifts • $50. 00 birthday gift Funded by a grant from Take Charge America, 23 Inc.

Family Economics & Financial Education Jones’ Major Family Expenditures Summary • 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 Funded by a grant from Take Charge America, 24 Inc.

Family Economics & Financial Education Sample Housing Options House A A 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. 32 Utilities: $206. 20 House B A 1016 sq. ft. single story mobile home featuring 3 bedrooms, 2 bathrooms, fireplace, porch, shed and small lot. Monthly Payment: $478. 65 Utilities: $170. 85 Funded by a grant from Take Charge America, 25 Inc.

Family Economics & Financial Education Facilitation & Acquiring • 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! Funded by a grant from Take Charge America, 26 Inc.

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

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Career Table of Contents

Career Research 1. 1. 2

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Contact Us

Contact Information Address: Family Economics and Financial Education The University of Arizona 650 N. Park Ave Room 427 Tucson, AZ 85721 E-Mail: fefe@cals. arizona. edu Web site: www. fefe. arizona. edu

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