Embed Size (px)
Citation preview
Making it Personal Financial Literacy
Andrea Neff, National Sales Consultant
Session Outline
1. Why teach Personal Financial Literacy?
2. Personal Financial Literacy covers what topics?
3. How to teach Personal Financial Literacy
4. Use of Instructional Materials and Resources
Why Teach Personal Financial
Literacy?“Financial literacy is essential…to the economic health of our nation…Ensuring that young people have the skills they need to make wise financial choices… will help us build a stronger…future…We also know that a lack of financial literacy is a major roadblock on the path of college access and success for too many students.” (Treasury Secretary Tim Geithner, September 2010.)
What does this mean for your students?
The average teenager spends approximately $5,400 each year (National Endowment for Financial Education).
Collectively, teenagers spend more than $172 billion annually – that’s billion!
Today’s high school graduate will earn over $1 million in adulthood.
Teenage Spending
Health InsuranceGet CreditworthyBudget OnlineInvestLive Small
When students go out on their own…
wedding
high rent
clotheslow salary
furniture
car
Should Your Teen Have a Credit Card?
1. If you put $1,000 on a credit card and only pay the minimum (2.5 percent) each month at a 21% interest rate, how long will it take you to pay it off?
a. Five monthsb. Three yearsc. 16 years
2. If you put $1,000 on a credit card and only pay the minimum (2.5 percent) each month at a 21% interest rate, how much will you have paid in interest alone?
a. $432b. $1,000c. $1,694
3. If you are late on a credit card payment, go over your credit limit or miss a payment, which of these are possible?
a. You will not be able to rent an apartment.b. You will not get hired for a job.c. You will not be able to get a cell phone or a student loan. d. All of the above
Suze Orman
Topics that need to be covered with our teens…
Saving and Investing-How to research, buy, and sell investments
Risk Management-Decision-Making skills
Spending and Credit-Buying wisely, pitfalls of credit, overspending
Understanding Income-Career planning, income sources, taxes, inflation, etc.
Money Management-Personal financial planning, budgeting, checking accounts, and insurance
2009 Survey…
Council for Economic Education - December 3, 2009
Personal Finance Course Graduation Requirement
ArkansasGeorgiaIdahoIllinoisLouisianaMarylandNew Jersey
New YorkOklahomaSouth DakotaTennesseeUtahVirginia
New Mexico and Mississippi – required to offer Personal Finance
CORE COMPETENCIES:• Financial Responsibility and Decision Making• Income and Careers• Planning and Money Management • Credit and Debt• Risk Management and InsuranceSaving and Investing
http://www.jumpstart.org/national-standards.html
Personal Financial Literacy Standards
Jump$tart Coalition Standards for Personal Financial Literacy
What topics should Personal Finance Curriculum cover?
• Income/Career Planning• Financial Decisions and Planning• Banking• Credit• Saving• Investing• Taxes
Grade Levels, Students, Course Length
Grade Levels• General Curriculum: 9th or 10th grade• Business Elective: depends on district
Students• Basic Levels: 9th or 10th graders; are not necessarily
ready to pursue business as a major• Advanced Levels: 11th or 12th grade; may have already
decided to pursue a business degreeCourse Length
• Semester-long• Year-long
Managing Your Personal Finances, 6e
• Our best-selling finance title • Full year comprehensive approach• 11th & 12th grades – for higher level
business course• Great for future business or finance majors • In-depth exploration of finance topics from a business
perspective• Covers personal finance and life-long financial
planning• Most often used for business elective courses
Economic Education for Consumers, 4e
• Full year comprehensive approach• Suitable for 9th & 10th grades – intended
for lower level business course• Provides broad coverage of personal
finance topics• Covers consumer spending and wise purchasing• Provides a business and personal focus for finance
topics• Can be used as part of general curriculum,
but is intended for a business elective class
Personal Financial Literacy, 2e
• Suitable for one semester
• Intended for 9th and 10th grade students
• Meets the needs of Financial Literacy as a graduation requirement
• Intended for general curriculum• Uses a personal focus on financial information• Offers information on personal income, money
management, spending, credit, and saving
Text Title Course Length
Grade Levels
Covers
Managing Your Personal FinancesRyan, 6e
Full year 11 and 12 • Personal finance • Deep coverage of finance topics• Life-long financial planning• Intended as Business elective • High achieving students
Economic Education for ConsumersMiller and Stanford, 4e
Full year 9 and 10 • Consumer spending • Broader coverage of finance topics• Wise purchasing • Money management • Lower achieving students• Popular with Family and Consumer Science teachers
Personal Financial LiteracyRyan, 2e
Onesemester
9 and 10 • Meets general ed. requirement• Broad coverage of finance topics• Personal focus• Income, money management, spending and credit, saving
Online Resources
NEFE www.nefe.orgNational Endowment for Financial
EducationNAF www.naf.org
National Academy Foundations (of Finance)CEE www.ncee.net
Council for Economic Education (national)NBEA www.nbea.org
National Business Education Association
Many other online resources…http://moneycentral.msn.com/home.asphttp://finance.yahoo.com/banking-budgeting www.bankrate.com www.federalreserveeducation.org www.ffltx.orgwww.feedthepig.org www.consumerjungle.org www.moneyskills.org www.practicalmoneyskills.com
Using Free Resources
• Who created the resource? What education credentials do they have?
• What is the main purpose of these websites?
• Is the content based on curriculum standards? Will it help you meet these for your state? Is there a scope and sequence?
• Will you have to create your own materials to teach this content? Do you have time to do this?
• Is there any training or professional development available with this content?
• How will you assess students using the free resource?
• How will your students practice and apply this content?
• How will your students connect this content with other academic subjects (integrated curriculum)?
Using Free Resources
• Annotated Instructor’s Edition• Student Activity Guide • Student Printed Tests• Ebook• ExamView® CD• Instructor’s Resource CD
• lesson plans/outlines• instructor’s resource manual• teaching tools• PowerPoint™ presentations• Spanish Glossary• Instructor’s Edition of Printed Tests• Instructor’s Edition of Student Activity Guide
Managing Your Personal Finances, 6e Instructional Resources
Economic Education for Consumers, 4e Instructional Resources
• Instructor’s Wraparound Edition• Instructor’s Resource CD • Student Workbook• ExamView ®• Ebook• Instructor’s Resource Kit
• Instructor’s Edition Workbook• Teaching Economics Book• Reteach and Enrich Activity Masters• Business Math, Communications, and Ethics Activity Masters• Alternative Assessment• Spanish Resources• Learning Styles • Using Technology
• Annotated Instructor’s Edition• Student Workbook• Ebook• ExamView®• Instructor’s Resource CD• Spanish Resources
• Spanish Glossary• Student Workbook
Personal Financial Literacy, 2e Instructional Resources
Where do we start?Personal experience - use as catalystStandards and Competencies
NBEAStateLocal DistrictJump$tart
Cross-curricular applicationsLocal parental and business partnerships
Guest SpeakersWeb resourcesArticles
Take a closer look at our Texts
for Personal Finance
Managing Your Personal Finances, 6e
Author: Joan RyanCopyright 2010 ISBN 978-0-5384-4937-3
Overview
Informs students of their various financial responsibilities
Chapters that not only inform but increase self-awareness and career readiness
Written specifically for high school students
New ways to maximize earning potentialStrategies to manage resourcesSkills for the wise use of credit and
investing money
Features
Alignment with National
Programs Jump$tart Coalition
National Academy Foundation
NBEA standards for Personal
Finance
Students become active
participants in the
business world as Citizens
Students
Family members
Consumers
Reinforcement and extension in every chapter: Planning a Career in Math Minute Net Notes Unit Projects
Life Span Plan Project
Features
Goals at the beginning of each lesson clearly state the learning objectives
Key Terms within the Lesson are identified with page references
Global View features show international connections relevant to personal finance
Features Communication
Connection offers
speaking and writing
activities related to the
chapter content.
Math Minute offers a
review and practice in
basic math skills linked to
the chapter topics.
View Points provide
opportunities for students
to think critically about
issues that have no clear-
cut answers.
Features Issues in Your
World enriches
students’ knowledge
by acquainting them
with the real-world
issues.
Planning a Career
in… provides robust
career information
related to the
chapter topic and it
incorporates the
Career Clusters.
Features Lesson and Chapter
Assessments give students
the opportunity to tie their
learning together and dig
deeper into the issues. Key Terms Review
Check Your Understanding
Apply Your Knowledge
Think Critically
Chapter Summary
Apply What You Know
Make Academic Connections
Solve Problems and Explore
Issues
Extend Your Learning
Features End-of-Unit Cases
profile real people and describe how they applied the skills presented in this text to their own lives.
End-of-Unit Projects give students hands-on practice applying and extending what they have learned in each Unit.
Instructor Resources
Annotated Instructor’s Edition Instructor's Resource CD
Lesson plans and outlinesInstructor’s resource
manualTeaching toolsPowerPoint presentationsSpanish GlossaryInstructor’s Edition of
printed testsInstructor’s Edition of
Student Activity Guide Instructor Companion Website
ExamView Printed Tests IMPACT CD-ROM
Animated graphs and figures illustrate key concepts
Definition of terms are reinforced
Hot Links to relevant websites
Forms to complete and send via email to instructor
Instructor’s Companion Website
Author: Joan Ryan
Copyright 2010
Pub Date: January 2011
ISBN: 9780538449373
Personal Financial Literacy, 2e
Three to Know• One-semester course
• Fulfills financial literacy graduation requirement
• Perfect for all 9th and 10th grade students
Personal Financial Literacy, 2e
Ch. 1: How Your Choices Affect Income
Ch. 2: Income, Benefits, & Taxes
Ch. 3: Your Purchasing Power
Ch. 4: Financial Decisions & Planning
Ch. 5: The Banking System
Ch. 6: Personal Risk Management
Ch 7: Buying Decisions
Ch 8: Preserving Your Credit
Ch 9: Credit Problems and Laws
Ch 10: Basics of Saving & Investing
Ch 11: Saving & Investing Options
Ch 12: Buying & Selling Investments
12 Chapters
3-4 lessons per chapter that cover financial literacy standards
NEW Concepts covered in this edition
Job search skills/online job applicationsInterviewing techniquesPreparing resumes and cover lettersBenefits/challenges of entrepreneurshipConsumer rights and responsibilities in
marketplaceCharitable giving/philanthropyHealth care providers, services, fraudSimple/compound interest
New to This Edition• All features now include a question or activity for
application • Sharpen Your 21st Century Entrepreneurial Skills feature
incorporates the framework for 21st Century Learning• Exploring Careers has a new focus to link content more
closely to the 16 career clusters • Net Bookmark — a short feature that provides chapter-
related activities for online research• Take Action — an course-long project provides
opportunity to synthesize concepts
Features
Building Communication Skills feature focuses on crucial soft skills that are necessary in today’s competitive environment.
(listening, reading, speaking, writing)
Features
Focus On…feature highlights specific topics related to chapter content and supports students’ participation in student organizations.
Features
Success Skills … feature provides information to help students be successful in school, work and personal activities.
Net Bookmark
Feature provides opportunities for students to use the most current, relevant information through online research
FeaturesExploring Careers in….feature presents specific information about careers in the areas identified by the US Dept. of Education as the 16 Career Clusters
FeatureTake Action feature provides students with an opportunity to synthesize the concepts by participating in an ongoing project throughout the chapter.
End of Lesson Assessment
Key terms review helps students understand and apply key lesson terminology
Check your understanding ensures student comprehension
End of Chapter AssessmentSummary provides and concise wrap-up of chapter topics.Making Academic Connection relates chapter concepts to the “four core” curriculum areas
• Annotated Instructor’s Edition• Student Workbook• Ebook• ExamView® Test Generator• Instructor’s Resource CD• Spanish Resources
• Spanish Glossary• Guided Practice CD
(workbook activities in Spanish and teachers can just print them off the CD)
Personal Financial Literacy, 2e Instructional Resources
Free Companion Website
Personal Financial Literacy, 2e
Author: Joan RyanCopyright 2010Pub Date: January 2011
Economic Education for Consumers, 4e
Author: Miller and Stafford
Copyright 2010 ISBN 978-0-5384-4888-8
Bring Economics to life!
Focus on consumer spending and making wise purchasing decisions
Bright, new designUpdated information on important
changes in technology, banking, and taxesContent aligned with Jump$tart coalition
National Standards for Personal Financial Literacy
Valuable and Relevant Content
Extensive coverage is given to planning for college, retirement, saving, loans, online shopping, and banking.
Real-world Applications
Life-Span Plan Project
Links all aspects of personal finance to the students’ lives!
Maintain Student Interest
Consumer ActionConsumer AlertVote Your WalletMath MoneyNetBookmarkIn Class Activity
Student Resources
WorkbookKey Terms ReviewConcepts ReviewCritical ThinkingConsumer ApplicationsMake Decisions
Companion Website
Instructor ResourcesCompanion Website Instructor’s Wraparound EditionExamView Instructor Resource Box
Workbook solutionsPrinted Test bankReteach and Enrichment ActivitiesAlternative AssessmentsTest Preparation and Study Skills
Instructor Resource CD
PowerPoint Presentation
What your students learn in this book will have a direct impact on their life today and throughout their future!!
Other products available…
Session Outline Why teach Personal Financial
Literacy?
Personal Financial Literacy covers what topics?
How to teach Personal Financial Literacy
Use of Instructional Materials and Resources
For live or recorded webinars and training sessions, visit our TeamUP Training & Services website!
www.cengage.com/school/teamup/
www.cengage.com/focus/pa
http://www.cengagesites.com/academic/?site=5266
