Junior Achievement of Southern Nevada

National Programs with 100 Years Experience in Financial Literacy, Workforce Readiness and

Entrepreneurship Programs

For Youth K-12th

Junior Achievement, USA

Established in 1919

Financial Literacy Workforce Readiness

K-12th

Entrepreneurship

Questions

Time has been built in at the end of our presentation for Q&A

Junior Achievement &

Common Core

Alignment at every grade level Complimentary or Replacement to classroom

curriculumBizTown Example

Each program clearly indicates how and where it aligns in teacher/volunteer guides

Experiential learning Concept followed by activity to implement

Capital One/JA Finance Park

How Does Finance Park Work?

School

• Implemented at 8th grade through 12th in Southern Nevada• Whole grade level participation

Educator

• Teacher Trainings Conducted by JA Staff• Pretest given to students• Minimum of 12 lessons taught by educator in classroom prior to

Finance Park Visit (33 available with extended opportunities)

Field Trip

• A maximum of 120 students travel per day to Finance Park• Students implement in-classroom pre lessons through simulated life-

scenario• Volunteers, Educators and Parents lead groups of 6 to 8 students

through creation of a 1-month balanced budget for them & “family”

Wrap

• Educator leads final lesson in classroom after Finance Park Experience• Post Tests are given to students• JA emails Educators student results from Finance Park Day

Educator Support

Teacher Trainings

Lessons

• School Site Training • Teacher Binder

including over 33 lessons

• On going access during program to JA Staff Member for support

• All the lessons are prewritten and follow standardized lesson planning models

• All students receive their own workbooks

• Lessons align with Common Core and SB249 Requirements

SB249 Alignment AreasUnit 1 Description Key Learning Objectives NV Financial Literacy

AlignmentIncomeStudents recognize the fundamental role that income plays in their personal finances and the factors that affect income and take-home pay. They discover how their decisions about education and careers impact their potential income and quality of life.

Unit 1: Extended LessonsSocial Security and MedicareSales Receipt AnalysisHow to Complete a 1040-EZ Income Tax Form

Objectives:The students will:•Rate their interests, abilities, & values•Determine work preferences & match them to career choices•Define taxes and explain their purpose & impact on income•Figure net monthly income

Extended Objectives:•Students review tax tables for income examples for Social Security.•Students examine the cost of sales tax.•Students complete an IRS Form 1040-EZ and examine the equity of a progressive tax.

SS.6-8:FL: 1, 2, 10

SS. 9-12FL: 1, 11

SB249 Alignment AreasUnit 2 Description Key Learning Objectives NV Financial Literacy

AlignmentSaving, Investing and Risk ManagementStudents explore and compare saving and investing options as part of their overall financial planning. They also examine risk and how insurance may help protect savings from both planned and unplanned events. Unit 2: Extended LessonsUnderstanding College Cost / FAFSAUnderstanding Stock Quotes Roth IRA’s: Teens & Retirement SavingCompound Interest & the Rule of 72

ObjectivesThe students will:•Identify the benefits of saving a portion of income for future use.•Explain short and long-term saving options•Explain some of the advantages & disadvantages of savings & investment options•Asses personal risk & risk management

SS.6-8:FL: 1, 4

SS. 9-12FL: 4,9, 10

SB249 Alignment AreasUnit 3 Description Key Learning Objectives NV Financial Literacy

AlignmentDebit and CreditStudents compare financial institutions and their services. Through discussion and a game activity, they also weigh the advantages and disadvantages of debit and credit. Students also examine the role that credit scores and credit reporting have on personal finances. Unit 3: Extended lessonsChecks and Checking AccountsInstallment DebtIdentity Theft

The students will:• Define financial institutions

and identify the services they provide.

• Examine debit and credit cards and their use.

• Explain the benefits and common pitfalls of credit cards.

• Explain the benefits of debit cards.

• Define credit score and describe how it influences the ability to get credit and borrow money.

SS.6-8FL: 5

SS.9-12FL: 5, 6, 8

SB249 Alignment AreasUnit 4 Description Key Learning Objectives NV Financial Literacy

Alignment

Budget+Students recognize the importance of spending wisely to achieve financial success and the value of creating and maintaining a budget.

Unit 4: Extended LessonsSample BudgetsPersonal BudgetsPaying for Postsecondary Education

The students will:• Categorize spending by

needs and wants.• Compare teen and adult

spending patterns.• Determine which categories

belong in a budget.• Relate the need to save

money to meet goals.• Prepare a budget using goals

and income

SS.6-8:FL: 1, 2, 3

SS. 9-12FL: 4, 5,

SB249 Alignment AreasUnit 5 Description Key Learning Objectives NV Financial Literacy

AlignmentSimulation and Debriefing

Students participate in the JA Finance park simulation. They put into action all they have learned in the classroom by making important spending decisions and maintaining a balance budget. Following their simulation experience, students participate in a reflective assessment.

The students will:•Create a family budget using hypothetical life situations.•Make saving and investment decisions.•Reflect on their simulation experience.

Concepts: budget, Expenses, Income, needs, Savings, Taxes, Wages, Wants.

SS.6-8FL: 1, 2, 4, 10

SS.9-12FL: 2, 4, 5, 6, 7, 9, 10, 11

Why JA Finance Park Works

Lessons are activity based (concept shared and opportunity to implement immediately)

Lessons align with age level of student receiving

Students are removed from their normal daily environment of home/school

Volunteer Mentorship during experience Pre & Post Testing

The Simulation-Experiential Learning

Field Trip to Capital One/JA Finance Park

Students implement in real life scenarios the personal money management skills learned in pre-lessons

Life Scenario Basics

Age (between 25 and 35 years)

Marital Status (single or married)

Parental Status (up to 2 children)

Job and Education Level to obtain the job

Ways to move up the “ladder” are also included (more education/training)

Gross Annual and Monthly Income

Credit Score

Current Debt Load (can be student loans, credit cards, etc…)

Savings

Students Pay Themselves First System shows 5%, 10%, 15% of

income

They can’t save less than 2%

3 Saving Categories Retirement

Emergency Fund (Rainy Day)

Other/General

Poor choices here impact them later in the simulation…just like real life!

The Research Portion

Building the BudgetFor Them and their Family

Budgeting over 27 categories

Students apply for 3 loans 2 Car (one w/dealer,

one w/bank) 1 Home Loan Depending on their

expenses, credit rating and savings…they may or may not get their loan approved

Now that the budget is made shop away!

During shopping students see if they budgeted enough for their needs in each category

Some students will have to spend more or less in certain areas Housing, Groceries &

Transportation are encouraged to be shopped in first

Students also find out if they qualified for the Auto and Home Loans during this phase

Wrap Up Discussion & Reports

High SchoolDrop Out

High SchoolGraduate

AssociateDegree

BachelorDegree

$0

$10,000

$20,000

$30,000

$40,000

$50,000

$60,000

15541

30400

38200

52200

Annual Income

*Average Annual Income – Age 25

The field trip concludes with discussions about their experience and earning potential based off your education.

Community Volunteers from multiple business sectors

Sponsor of Budget Categories

Students see businesses at Finance Park that are recognizable from their community

Community Involvement

A Educator Testimonial

"Junior Achievement Finance Park was amazing! This is by far one of the most powerful programs that I have ever seen. This program is a meaningful real-world simulation experience that my 8th grade students will never forget. At the park the students were given a fictitious life scenario, including a job, salary, credit score, and family situation. With their life situation they learn how to manage and balance a monthly budget. The kids realized how expensive some of their 'dream lifestyles' are and what their parents go through each and every month. Now they really understand how important it is to have a great job, go to college, save money, and spend wisely. Thank you Capital One and Junior Achievement of Southern Nevada for making this possible.” Dr. Joy Lea, Grant Sawyer Middle School

Student Testimonials:

I learned that planning a budget and staying to that budget can be difficult sometimes. Getting a good education helps you with your job. Kids are very expensive. Sometimes you may want something but you should go through your budget and manage wisely to see if you have enough money. I learned a lot of very useful things. Jose, JD Smith Middle School

I learned that you need to have a budget for mostly everything. I also learned that you have to have a good job and a good credit score. To have a good job you need at least a high school diploma. If you want to make a lot of money you need to get a great education. Also being an adult is hard. Alicia, James Cashman Middle School

QUESTIONS? BUT….Here are some I anticipate you may have

Does this cost anything to participate?

Not for CCSD schools currently

Charter and Private Schools starting rate is $50 per student

How many students can participate in 2018-2019?

We are on target to reach 5,000 students next school year.

We will continue to grow student reach each year.

How can I make sure my school is part of this?

We offer to our prior year schools first then opens for new schools.

Visit our table or email Kelly.deguzman@ja.org