It’s time to get financially fit !

1. It’s time to get financially fit! Presented by: Megan Vincent, Family & Consumer Sciences Education Specialist, OPI

2. What will you do with your $1,000,000+?

3. Your financial success starts today!

4. Turn and Talk: Turn to someone next to you, and answer this question: 1 minute What does it mean to be financially fit?

5. What did you say? • What does it mean to be financially fit? Share from Pairs

6. Being financially fit shows itself in many ways.

7. That’s where Financial Fitness comes in!

8. Inform and inspire teens to sharpen their skills in earning, spending, saving, and protecting their money • Create a national network of young people who use teen-to-teen communications to share information • Provide teenagers with an opportunity to develop communication and leadership skills by being peer educators • Educate students about career options in the field of financial services Financial Fitness Goals

9. Earning • Spending • Saving • Protecting Financial Fitness has 4 topic areas

10. Sharpen on-the-job financial fitness Earning

11. Track and plan personal spending Spending

12. Conquer bank accounts, credit, and investments Saving

13. Keep financial and personal interests safe Protecting

14. What does it mean to be financially fit? • Earning • Spending • Saving • Protecting What did you say?

15. The Price is Right with Financial Fitness • Higher/Lower • Display five personal care products with signs that show incorrect prices. Players must decide if actual price is higher or lower. • Dollars to Spend • Display four or five personal care products with no prices shown. Players must decide how many items to purchase for a total bill of $9.75 and $10.00. • Match Price • Display four items and four prices. Players must match each price to its correct item. Kick Off Activity

16. Earning Unit 1 – Sharpen on-the-job financial fitness

17. Learn what it means to make money. • Understand how choices in employment and education affect income and abilities to accomplish their financial goals. • Become more familiar with tools needed to earn money like reading a paycheck, writing a resume, interviewing for a job, negotiating, knowing their worth, and understanding deductions. Earning Overview

18. Chinese Proverb: “Dig the well before you are thirsty.” Pay Yourself First

19. Discussion: • What did you learn? • What will you remember? • Why is it important to pay yourself first? • How can money grow? • What will you do with what you’ve earned? • Journal prompts: • I plan to pay myself first because . . . • I will pay myself first by . . . Pay Yourself First

20. Spending Unit 2 – Track and plan personal spending

21. Take control of your money! All about your choices. Keep track of the money you spend. In order to be financially wise, you need to live within your means. Even small expenses can add up quickly. • Topics include: Needs vs wants, media/ads, budgets, comparison shopping, building credit, credit/debit cards, loans/leasing, and philanthropy. Spending Overview

22. Smart money managers take their time when spending money, rarely buying on impulse and usually comparing options. • Handouts: • Comparison shopping cards and cues • Drinks and duds • Tasty Testing • Grocery Game • Online Investigating Comparison Shopping

23. Desiring to promote the welfare of others, shown through donating generously to good causes. • Topics to cover: • Responsible giving • Inviting charitable organizations to your classrooms • Interviewing a philanthropist • Research project and presentation on charitable organization • Resources: Giving Tuesday, Learning to Give Philanthropy

24. Saving Unit 3 – Conquer bank accounts, financial goals, and investments

25. By setting goals and adopting good financial habits now, you can increase the likelihood of living the life you want in the future because you’ve saved enough money to make it possible. • Topics: Savings, SMART savers, depository institutions, investing, emergencies, and unearned income. Saving Overview

26. Unearned income discussion: • Grocery store, bank, shopping mall, restaurant, on the road, vacation, on the town, cell phone, around the house, recreation • Another perspective – interview an adult Unearned Income

27. Protecting Unit 4 – Keep financial and personal interests safe

28. Young people have to protect their finances and personal identity both now and in the future. • Topics: Identity theft, electronic financial management (e-commerce, social media, online banking, closing/clearing browsers, open wifi, webcams), insurance, fraud/schemes/scams, and consumer rights. Protecting Overview

29. What risks do you have in your life? • What common risks do we have? • What is a risk? • Why does life have risks? • What can we do to protect ourselves in the face of risks? • Can you prevent risk? Explain your answer. • What do you know about insurance? • What is the purpose of insurance? Freewrite

30. Handouts: • Insurance: What do you know? • Insurance 101 • Investigating Insurance • Insurance Situations • Inquiring into Insurance • Who Covers the Risk? Insurance

31. Let’s Review! And add a few overarching ideas . . .

32. Earning • Spending • Saving • Protecting Financial Fitness has 4 topic areas

33. Remember to discuss career options! Accountant, financial advisor, insurance agent Federal agency employee, consumer advocate FCS teacher, business teacher Entrepreneur, bookkeeper, banker Human resources, sales Nonprofit employee Careers

34. Consider a peer education focus to extend the learning • Use these materials to teach your students . . . then engage the students by taking an active role in educating other teens through projects • What project ideas have come to mind today? • More project ideas are included in your folder Peer Education

35. *Use for any/all projects

36. Megan Vincent Family & Consumer Sciences Education Specialist, Montana FCCLA State Adviser, Montana Office of Public Instruction mvincent2@mt.gov 406.444.3599 Any questions?