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PROMOTING ECONOMIC AND FINANCIAL EDUCATION IN MISSOURI SCHOOLS
PROMOTING ECONOMIC AND FINANCIAL EDUCATION IN MISSOURI SCHOOLS
PROMOTING ECONOMIC AND FINANCIAL EDUCATION IN MISSOURI SCHOOLS
PROMOTING ECONOMIC AND FINANCIAL EDUCATION IN MISSOURI SCHOOLS
PROMOTING ECONOMIC AND FINANCIAL EDUCATION IN MISSOURI SCHOOLS
PROMOTING ECONOMIC AND FINANCIAL EDUCATION IN MISSOURI SCHOOLS
PROMOTING ECONOMIC AND FINANCIAL EDUCATION IN MISSOURI SCHOOLS
PROMOTING ECONOMIC AND FINANCIAL EDUCATION IN MISSOURI SCHOOLS
PROMOTING ECONOMIC AND FINANCIAL EDUCATION IN MISSOURI SCHOOLS
PROMOTING ECONOMIC AND FINANCIAL EDUCATION IN MISSOURI SCHOOLS
PROMOTING ECONOMIC AND FINANCIAL EDUCATION IN MISSOURI SCHOOLS
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PROMOTING ECONOMIC AND FINANCIAL EDUCATION IN MISSOURI SCHOOLS

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  • 1. PROMOTING ECONOMIC AND FINANCIAL EDUCATION IN MISSOURI SCHOOLS Missouri Council on Economic Education
  • 2. About MCEE
  • 3. About You What is your personal story? Why are you passionate about economic and financial education?
  • 4. Why are we talking to parents?
    • Students are in the best position to succeed when their school learning is supported at home
    • Personal finance is personal : the classroom curriculum will inevitably cause students to ask parents about their household finances
    • Good opportunity for parents to “refresh” their understanding of topics ranging from insurance to compound interest
    • The Bank of America Foundation provided funding to MCEE for a teacher and parent financial literacy project
  • 5. Why is Personal Financial Education Important?
    • Making informed decisions in the competitive marketplace
    • Problem solving and decision making skills
      • Scarcity, limited resources
    • Helps improve math and reading skills
    • Ability to weigh alternatives and select choice based on personal values and goals
  • 6. What is Financial Fitness for Life?
    • Curriculum materials that teach personal finance and economics: K-2, 3-5, 6-8, and 9-12
    • Lessons focus on:
      • Earning an Income
      • Spending
      • Saving and Investing
      • Using Credit
      • Managing Money
    • Materials were developed by the Council for Economic Education with funding from Bank of America
  • 7. What are the Goals of Financial Fitness for Life?
    • To develop decision-making skills of students so that they can make informed decisions as students and consumers:
      • Develop an economic way of thinking
      • Apply economic concepts to financial decision making
      • Develop financial knowledge in the areas of earning an income, spending, saving and investing, using credit, managing money, and using that information to make decisions
      • Apply mathematical and language arts skills to personal financial decisions
  • 8. Examples of content covered
    • Amount of education affects income
    • Types of credit – interest of loans is based on amount of loan and credit score
    • Insurance is a way to manage risks
    • Keeping track of your expenses is a good way to get most out of your resources.
  • 9. Activities for Families
    • The activity books include worksheet activities and other ideas for parent/student discussions
    • Example of activities that teach the concept behind compound interest: The Chessboard of Financial Life (pp 66-67)
    • Stretching (p. 88): “$2,000 Computer! $0 down! 0% a month! For Six Months: Parents will be figuring interest and doing various other calculations to determine whether a computer is really a good deal.
  • 10. Suggested activities in book
    • Lesson #15: Methods of calculating credit card interest.
  • 11. Question and Answer Session
    • After fielding questions, provide MCEE website ( www.moeconomics.org ) and your contact information if anyone would like to work together in the future.

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