NEFE High School Financial Planning Program - PowerPoint PPT Presentation

jaden
slide1 n.
Skip this Video
Loading SlideShow in 5 Seconds..
NEFE High School Financial Planning Program PowerPoint Presentation
Download Presentation
NEFE High School Financial Planning Program

play fullscreen
1 / 34
Download Presentation
NEFE High School Financial Planning Program
316 Views
Download Presentation

NEFE High School Financial Planning Program

- - - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript

    1. 1 NEFE High School Financial Planning Program Patrice Dollar,CFP Family Financial Management Specialist-University of Georgia Introduce Amy and have her say a few wordsIntroduce Amy and have her say a few words

    2. 2 Why Financial Planning?

    3. 3 Teens Have A Lot of Money and They Spend It! We get these statistics annually from Teenage Research Unlimited in Chicago, ILWe get these statistics annually from Teenage Research Unlimited in Chicago, IL

    4. 4 Test Scores Years Score 2002 50.2% 2000 51.9% 1997 57.3% Looking a little more closely at test scores: In the adult group: 49% received an F 20% passed with a D 15% scored a C 10% earned a B 6% excelled with an A In the student group: 66% got an F 13% managed a D 11% got a C 7% accomplished a B 3% excelled with an A Now don't you wish you knew what separated the top two groups from the bottom two groups? Unfortunately, that information was either not gathered or has not yet been shared.Looking a little more closely at test scores: In the adult group: 49% received an F 20% passed with a D 15% scored a C 10% earned a B 6% excelled with an A In the student group: 66% got an F 13% managed a D 11% got a C 7% accomplished a B 3% excelled with an A Now don't you wish you knew what separated the top two groups from the bottom two groups? Unfortunately, that information was either not gathered or has not yet been shared.

    5. 5 Signs of Increasing Financial Vulnerability More consumer credit delinquencies Sky-rocketing personal bankruptcies Inadequate retirement savings Decreasing personal savings rate Lost workplace productivity due to financial problems From the perspective of adults.From the perspective of adults.

    6. 6 The NEFE High School Financial Planning Program We have always looked at the HSFPP as being a preventive programWe have always looked at the HSFPP as being a preventive program

    7. 7 Partners

    8. 8 What is the HSFPP? Fully developed personal finance curriculum Materials include instructor's manual, student guide for each student Easily integrated into math, social studies, economics, or family and consumer education classes

    9. 9 Purposes of HSFPP Learn the process Apply to their lives Begin taking control TODAYLearn the process Apply to their lives Begin taking control TODAY

    10. 10 HSFPP Curriculum is... comprehensive flexible easy to implement educational all materials free!

    11. 11 Easy Implementation Can be completed in as few as 10 class periods

    12. 12 Results of National Evaluation After completing HSFPP 54% saved money 38% achieved financial goals 35% tracked expenses 31% used spending plan 27% compared prices IT WORKS! Its doing what we want it to do Bottom line isIT WORKS! Refer to Greenspans remarks Economic educatorsplease raise handsIts doing what we want it to do Bottom line isIT WORKS! Refer to Greenspans remarks Economic educatorsplease raise hands

    13. 13 New Instructors Manual Unit Description Learning Objectives Concept Lessons (1-3 per unit) Exams & Answer Key Go to IM, Unit 1, page 1Unit Description Learning Objectives National Standards A variety of flexible lesson plansintended to fit your many different schedules Where we will spend most of our time today will be with the Learn By Doing lesson plans Concept Lessons Unit Project suggestionscommunity service learning (JROTC) Measurementhave they got it??? Visuals Exam but also other suggestions for assessment tools Go to IM, Unit 1, page 1Unit Description Learning Objectives National Standards A variety of flexible lesson plansintended to fit your many different schedules Where we will spend most of our time today will be with the Learn By Doing lesson plans Concept Lessons Unit Project suggestionscommunity service learning (JROTC) Measurementhave they got it??? Visuals Exam but also other suggestions for assessment tools

    14. 14 National Standards Learning Objectives Cross referenced to National Standards Family and Consumer Economics Mathematics Social Studies-Economics National Standards/Benchmarks set by Jumpstart Coalition for Personal Financial Literacy

    15. 15 Lesson Plans Step-by-Step Plan outlines and visuals Learning by Doing 4-phase process Optional Unit Projects Service Learning Opportunities

    16. 16 Energizer Inquire Gather Process Apply Learning By Doing

    17. 17 NEFE High School Financial Planning Program 6 Units

    18. 18 NEFE High School Financial Planning Program Unit 1 Financial Planning: Your Roadmap

    19. 19 NEFE High School Financial Planning Program Unit 2 Career: Labor You Love

    20. 20 NEFE High School Financial Planning Program Unit 3 Budget: Dont Go Broke

    21. 21 NEFE High School Financial Planning Program Unit 4 Savings and Investments

    22. 22 NEFE High School Financial Planning Program Unit 5 Credit: Buy Now, Pay Later

    23. 23 Instructions Unit 5 Lesson 1 Inquire Give Me Credit Choose a fun name for your group Pick one person to play the role of the teacher The rest of the group will be students Turn to page 299 in the Instructors Manual Follow instructions in the Instructors Manual You group has 10 minutes to present to the entire group.

    24. 24 Instructions Unit 5 Lesson 1 Gather Credit Masquerade Choose a fun name for your group Pick one person to play the role of the teacher The rest of the group will be students Turn to page 301 in the Instructors Manual Follow instructions in the Instructors Manual You group has 10 minutes to present to the entire group.

    25. 25 Instructions Unit 5 Lesson 1 Process Lets Break Down a Deal Choose a fun name for your group Pick one person to play the role of the teacher The rest of the group will be students Turn to page 303 in the Instructors Manual Follow instructions in the Instructors Manual You group has 10 minutes to present to the entire group.

    26. 26 Instructions Unit 5 Lesson 1 Apply Loan Ranger Choose a fun name for your group Pick one person to play the role of the teacher The rest of the group will be students Turn to page 309 in the Instructors Manual Follow instructions in the Instructors Manual You group has 10 minutes to present to the entire group.

    27. 27 Reflection What did you learn that surprised you about how credit works? How do you feel about using credit? What advice would you give to someone who is about to use credit for the first time?

    28. 28 Reflection How does it feel to be in the dark when you are trying to get a particular piece of information? What strategies did you learn about asking questions? How can an activity like this help you learn to investigate credit offers you will receive after you graduate?

    29. 29 Reflection Which variable carried the most weight in your groups decision-making process? Why? How can you use a credit analysis process like this in your own life? How would feel about committing yourself to two, three or four years of monthly payments? Which is more important to you: a smaller payment or paying less interest?

    30. 30 NEFE High School Financial Planning Program Unit 6 Insurance: Your Protection

    31. 31 Personal Finance Web Sites http://www.nefe.org/webtraining/index.html www.nefe.org www.ntrbonline.org www.jumpstart.org www.cuna.org www.asec.org www.ecs.org www.kiplingers.com www.younginvestor.com www.ultra.zacks.com/invest101/ www.ihatefinancialplanning.com

    32. 32 Personal Finance Web Sites www.ftc.gov www.superstarinvestor.com www.ed.gov www.collegeboard.org www.nelliemae.org www.bankrate.com www.finaid.org www.Salliemae.com

    33. 33 The NEFE High School Financial Planning Program Helping Students Make Their Dreams a Reality!!

    34. 34 Working together to increase the financial literacy of Americas youth!!