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Susan H. Gubing, CareerSmarts Professional Development Consultant Buffalo State Online Instructor

Susan H. Gubing, CareerSmarts Professional Development Consultant Buffalo State Online Instructor . Kick-off a topic with a video! Bill Cosby’s Financial Literacy Series. Budgeting Apartment Living Getting A job References Theo Needs a Loan . www.teachersmarts.com/money/videos.htm.

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Susan H. Gubing, CareerSmarts Professional Development Consultant Buffalo State Online Instructor

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  1. Susan H. Gubing, CareerSmarts Professional Development Consultant Buffalo State Online Instructor

  2. Kick-off a topic with a video! Bill Cosby’s Financial Literacy Series BudgetingApartment LivingGetting A jobReferencesTheo Needs a Loan www.teachersmarts.com/money/videos.htm

  3. NEFE High School Financial Planning Program® 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!

  4. Instructor Manual Presentation Visuals Student Guide Certificate of Completion Online Training Data Disk Program Materials Take-Home Brochure Spanish Version http://hsfpp.nefe.org/home/

  5. Ordering Your Materials http://hsfpp.nefe.org/home/

  6. NEFE High School Financial Planning Program Unit 3: Investing/Savings Student Guide Instructor’s Guide PowerPoint Excel Files

  7. 3. Investing: Making Money Work for You Competency: Propose a personal saving and investing plan Project-based/Authentic Learning Do You Want to be a Millionaire? NEFE Assignments: Math calculations, decision-making, advantage of saving early. Khan Academy - http://www.khanacademy.org/ Visual Speakers: Financial Advisors Videos: CNBC Games: BTA – Stock Market Game – free to members www.stockmarketgame.com http://www.btanys.org/

  8. SAVINGS • 5 – 11 years old • 1/3 Rule: • Personal wants • Gifts for others • Rainy day • 12 – 18 years old • Essential – needs • Emergency – 1 - 2 months • Large purchases • Luxuries

  9. SAVINGS • 19+ years old • Essential – needs • Emergency – 3 - 6 months • Retirement • Large purchases • Luxuries • Travel, entertainment, technology

  10. Tale of Two Savers Anna Age 22 College grad Saved $2000 a month Stopped saving at age 32 @10% Interest how much did Anna have a age 65? Shawn Age 34 College grad Saved $2000 a month for the next 32 years @10% Interest how much did Shawn have a age 65? $993,306.59 $442,503.09 Which person do you believe had more savings at the end of his/her 65th year?

  11. The Rule of 72 - p. 32 How long will it take for your money to double? Divide 72 by the interest rate! 72 / 6% = 12 years

  12. Direct Deposit…Dollar-Cost Averaging…. Index Mutual Funds

  13. “Pretend this money does not exist!” • Direct Deposit: • Dollar-Cost Averaging: • - invest the same amount from each paycheck. • Index Mutual Funds: • - Managed Fund – funds handled by people who think they are smarter than other people. • Index Fund – funds managed by a computer that knows it’s no smarter than the market. • The biggest secret to saving money: not spending it!

  14. NEFE High School Financial Planning Program Unit 4: Good Debt, Bad Debt Using Credit Wisely Student Guide Instructor’s Guide PowerPoint Excel Files

  15. 4. Good Debt, Bad Debt: Using Credit Wisely Competency: Select strategies to use in handling credit and managing debt. Project-based/Authentic Learning • Understanding Credit Reports • Credit Card Comparisons – www.cardtrak.com • Chris Hanson – Credit Crisis http://www.msnbc.msn.com/id/29881849/ NEFE Assignments: FAQs about credit, Applying for a loan, 4 C’s of credit, Personal plan to handle credit. Visual Speakers: CARE Program Videos: Young Money - www.youngmoney.com

  16. Don’t Buy Stuff! Saturday Night Live SNL – Credit Card Debt www.teachersmarts.com/money/videos.htm

  17. 5. Your Money: Keeping It Safe and Secure Competency: Demonstrate how to use various financial services. Project-based/Authentic Learning • Identity Theft • Internet Research: Trends, credit card comparisons Speakers: Credit Union – identity theft, online banking Continued…. NEFE Assignments: My financial service provider, checking accounts, Choosing a credit card. Visual

  18. 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/

  19. 6. Insurance: Protecting What You Have Competency: Create a personal insurance plan that will minimize your personal or financial losses. Project-based/Authentic Learning PowerPoint from NEFE NEFE Assignments: Case for insurance, personal financial risk exposure, car insurance. Speakers: Insurance representatives Videos: Insurance – Protecting What You Have http://www.nextgen3.org/NEXTGen3.htm

  20. 7. Your Career: Doing What Matters Most Project-based/Authentic Learning • NYS CareerZone – www.nycareerzone.org • SUNY Career - www.suny.edu/student • Compare Employee Benefits 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. Visual 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

  21. Financial Literacy Top Websites

  22. More Favorite Sites

  23. Curriculum and Videos Budgeting, spending, savings, checking accounts, credit and debt. Videos

  24. Gen I Revolutionhttp://www.genirevolution.org/

  25. Kick-off a topic with a video! Bill Cosby’s Financial Literacy Series BudgetingApartment LivingGetting A jobReferencesTheo Needs a Loan www.teachersmarts.com/money/videos.htm

  26. 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

  27. Thank you! Susan Gubing, sgubing@gmail.com http://hsfpp.nefe.org/home/

  28. Key to Career and Personal Success

  29. Real City Money http://www.labor.ny.gov/stats/lswage2.asp

  30. Financial Literacy andCollege & Career Ready

  31. COLLEGE READY • Complete academic requirements and graduate within a reasonable time. • Plan and budget finances • Make decision about career choices. • Exit college minus a mountain of debt.

  32. CAREER READY • Internships • Find a job! • Budget and manage finances • Savings plan • Retirement investments

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