Family Economics & Financial Education

1. Family Economics & Financial Education A Collaborative Project Among:

2. Project Mission “Provide educators with no-cost curriculum materials and the skills and confidence to effectively teach family economics and finance”

3. 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

4. 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)

5. Curriculum TypesOver 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

6. Curriculum Design & Coding

7. 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

8. 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 PowerPoint presentations Guides student learning Created for most lesson plans Information Sheets Serves as the student’s text book

9. 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

10. Curriculum Coding First Number [1.4.3.A1] 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.A1] Unit Code 1-30

11. Curriculum Coding Third Number [1.4.3.A1] Lesson Plan Number Lesson Plans are not listed in recommended teaching order Fourth Number (Letter and Number) [1.4.3.A1] Materials Code The number after the materials code differentiates between multiple materials of the same style Examples: 1.4.3.A1 2.4.1.L1

12. 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

13. 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

14. Family Finance Simulations Life in… & Life of…

15. Welcome to Life in… Research 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

16. Life in Objectives Create a spending plan Provide realistic insights into the costs of living associated with the spending plan process Incorporate the use of the decision making process into daily life Demonstrate the relationship between income, education and career opportunities

17. Boykin Family • 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 Children None Residence Metropolitan Area 2-5 Million Educational Level Martrell - Associate’s Degree De’ara - Bachelor’s Degree Personal Profile Race/Gender/AgeMarital Status 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

18. Spending Plan Process Complete a spending plan for scenario; Housing; Transportation; Insurance; Food; Average expenditures; Credit and Chance Cards; Goal is to reach zero

19. 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: $21,980.00 • Total Interest Paid • (over lifetime of loan): $240,850.76 • Location: Anywhere House A $259,900—A 1963 sq. ft. three story fixer-upper home featuring 5 bedrooms, 2 bathrooms, family room, living room, laundry room w/ washer/dryer, porch, fenced yard, and 4 car garage. • Mortgage: $671.02/mo. • Condominium Association Fee: $150.00 (covers water/sewer, garbage, and building maintenance) • Insurance: $15.83/mo. • Property Taxes: • $218.01/mo. • Repairs & Maintenance: $83.16/mo. • Down Payment: $27,980.00 • Total Interest Paid • (over lifetime of loan): $129,646.10 • Location: Anywhere House B $139,900—A 900 sq. ft. condominium featuring 3 bedrooms, 1 bathroom, window air conditioning, extra storage, and pets are allowed.

20. Facilitation Methods Facilitator guided Semester course Throughout or at the end as an applied assessment Workshop (about 3 hours) Independent study Career development Your own creative way

21. Life Of….. Get Ready to Take Charge of Your Finances Taylor B. Jones “A Teenager’s Spending Plan” Funded by a grant from Take Charge America, Inc.

22. SnapshotTaylor B. Jones Attends North Shore High School Participates in motocross competitions Member of the chess club Part time job at Cubby’s Restaurant & Grill

23. SnapshotTaylor’s Income and Expenses • Taylor’s Expenses • Transportation • Fuel • Other Items • Taylor’s Income • Cubby’s Restaurant & Grill • $7.25/hour • 10 hours a week • $75.00/ month for tips • Allowance • $20.00/month • Gifts • $50.00 birthday gift

24. 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 Jones’ Major Family Expenditures Summary

25. Sample Housing Options • 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 • 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

26. 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! Facilitation & Acquiring

27. 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

28. 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

29. FEFE Web site

30. Where to login/Create an account

31. Personal Profile

32. Curriculum Main Page

33. Career Table of Contents

34. Career Research 1.1.2

35. File Download

36. Educational Support

37. Contact Us

38. 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

39. Any Questions?