New Mexico State University (NMSU) Employee Council in collaboration with NMSU Cooperative Extension Service is administering a survey to NMSU employees to determine the need for personal financial wellness education for NMSU employees and its ideal format. We expect NMSU to have high needs for employee financial education because New Mexico arguably has the worst personal finance education requirements for high school graduation. Available in Spanish, paper, and online versions, the survey is administered from September 19 to October 31, 2012. Based on results of 151 responses, 64% respondents considered themselves knowledgeable in personal finance topics, but 86% of them stated that they would benefit from learning more about personal finance. Areas of interests include traditional retirement plan (73%), alternative retirement plan (75%), estate planning (92%), retirement planning (91%), investment (88%), and increasing income (88%). About half of respondents (n=75) put down their e-mail address in willingness to participate in further surveys for workshop planning with eight of them reported of having expertise to present at least a personal finance topic. The survey indicates a high need for a personal finance education for NMSU employees and opportunities to get NMSU employees involved its program planning.

1. New Mexico State University
Financial Wellness Project
Fahzy Abdul-Rahman
Family Resource Management Specialist
Department of Family & Consumer Sciences
Extension

2. Situation Inputs Outputs Outcomes
Activities Participation Short Medium Long
National: High Knowledge Establish
unemployment rate Conduct
Specialists
workshops of different internet
NM: Rural but has a lot to Educators marketing and Social Build a
offer County business
and Media
There are various home- Agents Provide Participants payment presence with strong
based products that may
be good enough to be sold
coaching avenues on-line
Time
in the market. E.g. Arts at presence
Learning Online
and Crafts Money individual with three
the basics video
These programs include level of more
sewing, gardening, Theory Set up of internet online
Other
photography, plants, and network for marketing mediums
cooking programs. Equipment
presentation
participants
In NM, we have many s
Small Increase
educational programs Technology Attitude
focused on crafts, business Able to sell sales (for
hobbies, arts, etc. Partners Develop owners merchandise existing
Besides that, this program products, on-line and business)
provides opportunities for Videos curriculum, Skills deliver to by 10%
existing business to and customers
improve on their Literature resources
companies’ marketing Review Motivations
techniques. Online
Physical (brick & mortar) Content automated
store may not be the best Update
payment
idea due to un-strategic Training
location of NM, high
method
upfront cost to set up a
Program: Home-based Online
Business-
Goals: • To educate and train people on how to set up reliable home-
based and/or small on-line businesses. • To increase sales of existing
business • To encourage people to upgrade hobby and interest into a

3. Outline
1. Introduction: Background, problems,
purpose, questions,
– Framework: Logic Model
– The Program
2. Methods
3. Results
4. Discussion: Summary, conclusion,
implications, future plans

4. Background
• February 2012: Dona Ana county agent
met with Anna Dyson, ad-hoc committee
chair through the Employee Council for
Financial Wellness for NMSU employees
– researching different avenues and programs
for an NMSU financial wellness program
• Originally wanted an online program by
Dave Ramsey but it costs too much
money ($10,000).

5. NMSU Employee Council, Jan.
• 2012
NMSU has health wellness programs and financial
wellness programs for students
– But no financial wellness program for employees.
– 42% of people don’t know where every dollar of their budget
goes
– 70% live from paycheck to paycheck.
• Goal: Help employees to become aware of their finances
and assist them in becoming debt-free and in turn,
improve morale
• This issue has been discussed for quite some time
waiting for the appropriate time to present it to the
committee.
• Sub-committee: Investigate the feasibility of supporting a
financial wellness program and which program would be
best.

6. Programs Suggested
• eXtension: Investing for Your Future, Investing for Farm Families,
Bankruptcy (fees for many can be waived), Planning for a Secure
Retirement
• National Endowment for Financial Education (NEFE)
– Microentrepreneurs, Addiction Groups, CashCourse College Kits, Domestic
Violence Victims, Dress for Success, Ex Convicts, Family Literacy, Gear
Up/NCCEP, Generations United, Habitat Home Owners, Homeless Audience,
Military Personnel, People with Disabilities, People with MS, United Way,
Vita, Your Spending Your Savings
• Dollar Decision$: $65
– How to track their expenses and make ends meet.
– Needs vs. wants, goal setting, methods to track expenses, ways to develop a spending
and saving plan, ways to increase income and decrease expenses.
• FederalReserveEducation.org
• Money Smart for Young Adults:
– learn the basics of handling their money and finances, including how to create
positive relationships with financial institutions

7. ECONOMIC EDUCATION -
2011
NM: High School course required to be taken

8. PERSONAL FINANCE-
2011
NM: Not even included in the K-12
Standard

9. Framework: Logic Model
• Situation Statement: • Dismal financial
situation for individuals & families • National:
High unemployment rate (8.3% [U6 14.9] vs.
7% in NM) • NM: Low income (NM per capita
income $33,368 ranks 43 out of 50; nationally
$39,945) • NM is one of the five states without
personal finance education requirements for
high school graduation – not even included in K-
12 Standards • Economic “ New Normal”
• Outcome Summary: NMSU Employee
Financial Wellness targeted at providing
personal finance programs to faculty and staff
can help individuals achieve financial security by
adopting healthy personal finance habits. NMSU
faculty and staff will have improved financial
stability with limited resources.

10. Outputs Outcomes – Impact
Inputs
Activities Participation Short Term Medium Term Long Term
What we invest: What we do: Who we What the short What the That the
reach: term results medium term ultimate results
Specialists Plan, are: results are: are:
implement, NMSU
Support from and evaluate employees NMSU Employee Employees will Individuals and
NMSU, educational (faculty and council will practice and families will have
especially programs for staff) design, deliver, maintain their greater capacity
Employee employees throughout the and evaluate improved to establish and
Council including web- state of educational financial maintain
based various program management financial
Evaluation data education. backgrounds strategies such security.
Employees will as development
Websites – gain awareness, of financial goals Communities will
NMSU, college, Key players: knowledge and and plans, have improved
and department abilities on savings for economic
State financial security. retirement and stability by
Curricula extension other purpose, increased
specialist Employees will record individuals and
intend to improve organization, risk families’ financial
Co-organizer their financial management, security.
management debt repayment,
NMSU strategies such investment, and Attaining
professors as development estate planning. financial stability
of financial goals will improve
Local and plans, Employees will family
professionals savings for increase saving relationship and
retirement and and decrease self-worth
Supervisors, other purpose, their debts by
including head record improved
departments organization, risk financial
and deans management, management
debt repayment, practices.
investment, and
estate planning.

11. Framework: Logic Model
Assumptions External Factors
1. Access to university 1. Availability of instructors
facilities. (professors and
professionals)
2. Partners will share 2. Availability of facilities
resources and there will be 3. Lack of consumer education
on and off campus faculty being taught in educational
partnerships. system
3. The programs can have a 4. Consumer availability of
information and direct
measurable impact on decisions due to internet
personal financial security. technology.
4. Promoting personal 5. Increased awareness for
financial security is a consumer education
critical need for New 6. Institutional commitment
Mexico residents

12. 2. Methods
• Survey: To all NMSU employees
– Purpose: To determine personal finance
background, demanded topics, and suitable
format
– Online and paper; English and Spanish
– All employees: Staff and faculty; full-time vs.
part-time; exempt vs. non-exempt

13. Survey
• Translated to Spanish – took more time
than expected: Survey, online and paper
cover letter versions
• IRB application
– Submitted: June 22, 2012
– Revised: August 13, 2012
– Approved: August 23, 2012
• Too long: Should have checked with them after 5
weeks
• SurveyEnglish.pdf, SurveySpanish.pdf,
SurveyCLPaper.docx, SurveyCLPaperSp.docx,

14. 3. Results
• Survey
– n=245 with 7 paper survey. 2 Spanish
response survey.
• Analysis
– Subject matter and format
– Different or one-fits-all
– Survey opened: September 17 - Oct 31, 2012
• Data analysis
– Overall; faculty vs. staff comparison
– SAS

15. NMSU Hotline Announcement
Financial wellness workshops planned for all
NMSU employees
NMSU Employee Council and Cooperative
Extension Service are collaborating to offer
personal financial wellness workshops and
training for all NMSU employees. Our first step is
to survey the NMSU employee population and
gain your interest and need for these workshops.
Employees at all NMSU campuses are
encouraged to complete the survey as we plan to
offer classroom and online training across the
NMSU system.

16. Please choose how strongly A N D or
you agree SD
Please choose how strongly you agree or
disagree with the following statements:
SA n
disagree with the following statements:
I consider myself knowledgeable in personal
finance topics. 8.6% 53.9% 20.8% 15.1% 1.6% 245
I will benefit from learning more about personal
financial management. 46.5% 42.0% 8.2% 1.6% 1.6% 245
I would like to learn more about the tax-sheltered
annuity plans offered to NMSU employees 33.5% 40.0% 18.8% 4.5% 3.3% 245
I would like to know more about the eligibility
retirement requirements for NMERB. 36.7% 38.4% 15.1% 4.5% 4.1% 242
I would like to know more about the NM
Alternative Retirement Plan. 35.5% 37.6% 17.6% 5.7% 2.9% 243
I like to use online training materials and learn in
a self-paced format. 35.5% 35.9% 17.1% 8.6% 2.4% 244
I like to learn in an instructor lead environment
with time to discuss materials with my instructor
and other class members. 21.6% 41.6% 26.1% 7.8% 1.6% 242
I think my supervisor will allow me to review
training materials or attend training during work
hours. 33.5% 36.3% 16.3% 7.3% 4.1% 239
I would like for these materials to be offered in 16.3
Spanish. 4.1% 9.0% 53.5% 14.3% % 238
I am interested in learning more and would pay a 29.8

17. Not Interested (I RANK -
Interested/ Interested/ have plenty of Based on
No Some knowledge or just Intereste
Knowledge Knowledge not interested) d
Budgeting and cash 11.8% 60.0% 28.2% 9
Credit,debt, paying off debt 13.1% 51.8% 34.3% 10
Identity theft and financial
security 28.2% 56.7% 15.1% 6
Buying a home 19.6% 34.7% 45.7% 11
Consumer rights/scams and
frauds 24.1% 53.5% 21.6% 8
Renting a home 15.5% 33.9% 50.6% 13
College funds for my
children 21.6% 28.2% 49.4% 12
Insurance 26.1% 53.1% 20.4% 7
Building savings 34.3% 53.5% 11.4% 5
Increasing income 42.9% 47.3% 9.8% 3
Retirement planning 45.3% 48.6% 5.7% 1
Investments 47.8% 41.2% 11.0% 4
Estate planning 50.6% 40.8% 8.2% 2

18. Open Ended
• What would you hope to learn, or what financial goals would
you like to achieve with this type of training? n=138
• Please provide any other topics of interest that you would
like: n=50
• Are you willing to participate in further surveys that will help
guide us in developing employee workshops? 64.9% Yes
vs. No
– If yes, please provide your email address: n=121
• Do you have any expertise in any of the above topics for
which you would like to teach a workshop or training class?
4.5% Yes vs. No
– If yes, please specify topic(s): n=10

19. What would you hope to learn, or what financial goals would you like to
achieve with this type of training? n=138
Developing a long term savings plan while also I would like to learn how to be debt free and save for
improving my short term financial situation. I would the future ; I've been working at NMSU over 15
like to be able to buy a home but my credit has years. I am a member of the alternative retirement
suffered for many years. ; retirement planning ; How plan. My investments in TIAA-CREF are worth little
to maximize my retirement savings. ; My spouse is a more than the net of what I and the employer have
financial advisor and CFP so I wouldn't need this contributed. What am I doing wrong? ; How to better
training. I would however be interested in any manage my money, planning for retirement. ; able to
information offered concerning how I could avoid devise a good plan for debt payoff and being able to
NMSU automatically taking out 11 percent of my live on retirement income. ; My goal is better control
check and forcing me to participate in a net zero of spending and beginning a savings program. Also
investment plan, so if such information exists in the planning for retirement. ; I would like to get current
alternative retirement information I would gladly information regarding home purchase, the process,
attend. ; How to better manage my money and learn loans, interest rates and "points" ; What does NMSU
how to save. ; be more knowledgeable in managing contribute to my savings account? Is the money that
my finances, make good decisions ; Retirement, I put into ING really going to a good place that is
saving, alternative income, etc. ; I would like to learn creating interest and is it safe? ; I would like to learn
how to make my money go further in order to plan for how to better budget my earnings and
retirement. Investing is what i would like to take away optimize/increase my wealth. Overall, I want to learn
and how to become debt free ; I'd like to feel more more about longterm saving, investing, and
knowledgeable and more secure that I'm in a secure retirement plan options. ; How to do more with what
position financially. ; How to take control of my I have. ; Smart spending ; Learn to pay off debt,
current budget with my salary and also how to start while saving for retirement ; Learn more about
building a savings for the future and building my retirement plans and how to be prepared for my
career to earn a larger salary. ; Understand the new future ; Future planning. ; Debt free and keeping up
NM retirement program, learn how to best save for with monthly debt and have collector stop calling. ;
my kids' college and/or if I should even start while Build a substantial nest egg, for myself and my
having consumer debt, and learning more about life family. Be able to pay bills without worrying what

20. What would you hope to learn, or what financial goals would you like to
achieve with this type of training? n=138
I want to build up my retirement savings so I have I would like to be able to manage my money better
enough money to live on after I retire. I'm very within the 457. I don't understand how to allocate
interested in learning about 401Ks and other my money (for my age) so that it will grow at a
investment options. ; Learn about resources that I steady pace, not lose value, and help in my
can continue learning and guiding towards financial retirement. ; I have a financial advisor and need
security. ; Learn better ways to manage money, information that pertains to New Mexico or NMSU. ;
about maKing the best out of what I have to work General investment advice ; STABLE
wih. ; How to plan for retirement ; Financial RETIREMENT INCOME. ; Learn ways to reduce
security for my future. Retirement Investing College debt and increase savings/investments. Having
savings for kids ; learn how to invest + how to retire money work for me as opposed to me working for
; Maybe learn a little more about investing in the money. ; What options are out there? ; Reduce
stock market. Also, estate planning, trusts and wills. debts and increase retirment goals. ; Financial
; I would like to learn more how to pay down debt, security for the future. ; long term financial security ;
building up my savings, and preparing for How to prepare for retirement. ; What is my current
retirement. ; Financial goals are what we have but financial state? What should my goals be in order
find hard keeping them. This will help me to attain retire at my chosen age? How can I know the
my goals. ; how to better budget my money and be benefits and counter-benefits of refinancing a
able to save money, i want to get out of debt even mortgage? Is it worth investing in advanced
at the salary i get now. ; How to increase saving education after middle age? ; How to get out of dept
without messing up my monthly budget. ; Financial an attain financial security. ; How much money i will
stability, preparation for retirement, learning how to need to have when I retire. ; I would like to learn
invest ; More knowledge of financial planning as a how to save money better as i live from pay check to
whole. Many people do not know this type of pay check with no savings to speak of. ; My goal is
information. Would be beneficial. ; Estate to retire in the near future. ; separate retirement
planning. ; i would like to learn how to fix my credit, fund, saving for college ; Budget better, increase my
how credit works and money management. as a income, invest well without too much risk. ; I would
single mother of 2 and living soley on one income i like to learn how to protect my assets and how best

21. What would you hope to learn, or what financial goals would you like to
achieve with this type of training? n=138
I would like to figure out how much I will need for Debt management - creating home budgets -
retirement and schedule a plan. I would like more hopefully use to decrease debt, such as loans and
attention paid to the alternative retirement plan. ; credit cards ; I would like to improve my financial
How to get an overall view of what could be situation. ; Formulas for percentage of monthly
expected during retirement, based on existing plans income to spend on food, housing, utilities, etx. ;
and savings in place. ; n/a ; investmets, retirement How investing income will help in the long run and if i
income, college savings plans ; Personal Financial have invested in good plans ; College fund for my
planning and saving planning. ; Learning about kids, and additional planning for retirement. ; debt
how to make more of an investment in retiring. ; management, savings, investments, college savings
Better budgeting, how to invest, retirment planning. ; I wiuld hope to learn how to beter plan for the
My money needs to grow and I don't know how to future so that I can have a more secure future, and
do that. ; Financial Independence ; Savings and beable to help my family plan for their futures as
investment options for large purchases (home, kid's well. ; Want to learn how to make the most of my
college funds) and retirement. Need more info and money; i.e., saving, retirement, my nephew's saving
resources on wills and other end-of-life care for college, keeping my information secure. I want to
options. ; Stabilize my finances now and plan for know the best strategy for saving my money for
retirement. ; How to manage my limited resources retirement and to see what other savings' plans I
better. ; To learn how to save money for should obtain to do this. ; Knowing how to take
retirement/children's college fund/ and how make advantage of what NMSU offers. ; Would like
safe and smart investments. ; I need help planning assistance with financial planning as it relates to
for retiremnt and saving money for a college fund retirement and college funds for children. ; How to
for my son and creating a will. I also own a house live on my single income. Make the right decisions
that I don't live in and need help figuring out if I about retirement. ; My goal is to be financially stable
should try to sell it or keep renting. ; Learn about at retirement without worrying about what happens
ways to stretch my income, and increase my next ; Retirement planning ; financial preparation
income through investments, learn about the traps, for retirement; financial planning for building a home
pitfalls and scams in the financial world ; Figure out ; At 67 I need to learn more about retirement options

22. What would you hope to learn, or what financial goals
would you like to achieve with this type of training?
Count Topic
69 Retirement
32 Budgeting, managing my money
28 investing, safe, smart, secure
23 Savings
16 pay down debt, debt free
12 kid's college
12 estates, wills, trusts
11 build knowledge
10 financial planning
7 increase income, alternative income
7 financial security, stability
6 Mortgage - buy a home
4 Alternative Retirement Plan
2 Fix my credit
2 keeping financial goals
1 life insurance
1 emergency planning
1 rental property - keep or sell

23. • Please provide any other topics of
Open interest that you would like: n=50
Savings strategies, financial planning for Public Loan Forgiveness for NMSU
Endedlevels of different
retirement, credit repair, homeownership. ;
How to get ahead. ; Risk
employees who have taken out a student
loan ; Home insurance and how it works ;
kinds of investments Balancing your ERB future ; Capital gains taxes in terms of
portfolio Tax implications of different kinds realestate. ; home safety ; Beginning
of investments ; Retirement plans, Spanish. ; Investments, refinancing,
additional saving options ; investment retirement, SS benefits. ; How to save for
information, understanding stocks, bonds the future and invest. ; n/a ; Retirement
etc. ; Retirement and credit cards ; I would planning ; See above. ; How to set up your
be interested in topics such as credit own will or trust. ; More to do about making
scores and creating a will. ; I don't know if it my money work for me...in such a bad
was mentioned but purchasing a new or economy. Tip on increasing my income,
used vehicle. ; I would also like information etc... ; Investing ; Health and safety topics:
on other resources or program in the First responder type actions in case of an
commumnity that help with buying a home. accident having to do with different
; N/A ; Living Trusts ; Paying off debt and scenarios, for example, someone bleeding
aquiring good debt. ; How to invest in profusely, electrocution, drowning, etc.
equities with good results online. ; Using a fire extinguisher, how the safety
Coordinating different types of benefits, system works on campus. ; I cannot think
TIAA-CREF, ERB (spouse), Social of anything other than the topics mentioned
Security, etc. ; n/a ; Debt forgiveness ; previously on whether I am interested in

24. • Please provide any other topics of
Open interest that you would like: n=50
You've coered it very well for me. House running a small business ; Running a
purchase, Ended to own,
rent better than hobby/home business ; ERB rules now that
furthering my career. ; How to pay for changes have been made, PERA update
health care after retirement HR needs to (for those who have funds in that program
provide more info/access to the new High as well), fraud knowledge, insurance
Deductible Health Plan and Health Savings knowledge, 403b adn 457 plan details,
Account through Presbyterian. ; Ratio of mainly every topic on the first page of this
life insurance, health insurance, long-term questionnaire. Those topics are
care/assisted living insurance with income surprisingly comprehensive, applicable and
level. ; I would like my partner to be able to overall very good topics. Good job to
attend any workshops with me. I think that whomever came up with those. ; How to
NMSU employees, though, should pay but live well and die broke. ; Your list is
NOT employees. ; estate planning ; Estate sufficient - but savings bonds, mutual
Planning Investing ; You asked the funds, different between Morgan Stanley,
question would you like to retire with a AG Edwards, Charles Schrab? How to
higher salary - how do I do that? ; Basic select or know you have selected a good
investing. How to read the stock market advisor. Who can you trust? ; Yes ; tener
quotes, I had that in school 40 years ago. mas oportunidades (I want to have more
Don recall how now. ; Retirement opportunities) ; me gustaria aplicar para
information. ; What does going back to otre posision donde me pagen mejor (I
work after retirement do? Is there a want to be able to apply this so I can get

25. Open Ended
• Do you have any expertise in any of the above topics for
which you would like to teach a workshop or training class?
4.5% Yes vs. No
– Way more than expected
– If yes, please specify topic(s): n=10
• Wilcoxon signed ranks test

26. Demographics
18-34 35-55 56+
Age Range
15.1% 57.1% 25.7%
Gross [$10K,$24K
income <$10K ) [$25,$50) [$50,$75) >$75
level 0.4% 8.6% 47.8% 24.1% 17.1%
Education H.S. or Associate Bachelor's Master's
level Some H.S. GED degree degree degree Ph.D.
0.4% 14.3% 16.7% 24.9% 29.4% 11.0%
DACC Las ABQ
Alamo- DACC East Cruce Cente
Location
gordo Carlsbad Main Mesa Grants s r
1.6% 2.9% 7.8% 4.9%
9-month0.8% 12-month 0.8%
77.6%
Classification Exempt Non-exempt faculty faculty
52.2% 33.5% 7.3% 5.7%
Full-time Part-time Other
FTE
95.9% 2.4% 0%

27. Demographics: Survey vs.
Population Response rate: 4.5%
Age Range 18-34 35-55 56+ Total
15.10 57.10 25.70 100% Survey respondents tend
Survey to be
% % % (n=245) • Slightly in the 35-55
NMSU: age group
1,108 2,780 1,568 5,464 • Less educated
Headcount
20.30 50.90 28.70
NMSU: % 100.0%
% or Assc. Bach. M.S.
Some HS % % Other/
Ph.D. Total
HS GED degree degree degree Unknown
Survey 0.40% 14.30% 16.70% 24.90% 29.40% 11.00% 100%
NMSU 2.45% 5.42% 20.79% 25.07% 18.39% 27.87% 100%
"Other/
3.40% 7.51% 28.83% 34.76% 25.50% 100%
Unknown" Out

28. Demographics: Survey vs.
Location
ordo
Population
d
DACC
Alamog Carlsba DACC
Main
East Grants
Las
Cruces
ABQ
Cente Total
Mesa r
100.0
Survey 1.60% 2.90% 7.80% 4.90% 0.80% 77.60% 0.80%
0%
n(NMSU) 284 198 835 116 4,031 5,464
100.0
NMSU % 5.20% 3.60% 15.30% 2.10% 73.80%
0%
9- 12- 4-
Classificatio
Exempt
Non-
month month month Total
Also, survey
n exempt
faculty faculty faculty respondents tend to
Survey 52.20% 33.50% 7.30% 5.70% be
n(NMSU) 1,661 1,822 358 855 768 5,464 • Classified in the
NMSU % 30.40% 33.30% 6.60% 15.60% 14.10% 15.60% exempt category
FTE Full-timePart-timeTotal
and
100.00 • Full-time
Survey 95.90% 2.40%
% employees
n(NMSU) 3,953 1,511 5,465
100.00
NMSU % 72.30% 27.60%
%

29. Staff vs. Faculty
• Employee Council wanted to know if results
were different between faculty and staff
– E.g. if faculty not interested, none on those topics for
them for the summer
• Difference in need for scheduling
• Method:
– SAS: Proc Freq with ChiSq option
• Wilcoxon-Mann Whitney test because DV is ordinal

30. Staff vs. Faculty
Full Question Staff Fac χ2 W
Frequency, n(no response)=3 (1.22%) 210 32
13.1
Percent
85.7% %
I consider myself knowledgeable in personal finance topics. 2.49 2.41 0.4248
I will benefit from learning more about personal financial
management. 1.66 1.88 0.3942
I would like to learn more about the tax-sheltered annuity plans
offered to NMSU employees to add to my New Mexico Educational
Retirement Board (NMERB) retirement income. 1.97 2.38 0.0517
I would like to know more about the eligibility retirement
requirements for NMERB. 1.92 2.50 0.0797
I would like to know more about the NM Alternative Retirement
Plan. 1.96 2.32 0.2056
I like to use online training materials and learn in a self-paced
format. 2.04 2.16 0.5056
I like to learn in an instructor lead environment with time to discuss
materials with my instructor and other class members. 2.25 2.19 0.6513
I think my supervisor will allow me to review training materials
during work Agreeand/orAgree training during work hours.
Strongly hours attend Neutral Disagree 2.17 1.68 0.0158
Strongly Disagree
I would like for these materials to be offered in Spanish.
1 2 3 4 3.27 3.44 0.4126
5

31. Staff vs. Faculty
Full Question Staff Fac χ2 W
2.4
Budgeting and cash management
2.12 4 0.0062
2.4
Credit, debt, paying off debt
2.18 7 0.0209
1.9
Identity theft and financial security
1.85 4 0.498
2.6
Buying a home
2.20 3 0.0015
2.1
Consumer rights/scams and frauds
1.93 9 0.049
2.5
Renting a home
2.33 0 0.1805
2.4
College funds for my children
2.25 1 0.2315
1.9
Insurance
Interested / No Interested / Some Not Interested (I have plenty of
1.94 4 0.9269
Knowledge Knowledge knowledge or just not interested)
1.7
Building savings
1 2 3 1.77 8 1
1.6
Increasing income

32. Full Question Staff Fac χ2 W
Staff vs. Faculty
What would you hope to learn, or what financial goals would you
like to achieve with this type of training?
Please provide any other topics of interest that you would like:
Are you willing to participate in further surveys that will help guide 1.2
1.31 0.3687
us in developing employee workshops? Yes=2 vs. No=1 3
If yes, please provide your email address:
Do you have expertise in any of the above topics for which you 1.9
1.95 0.5901
would like to teach a workshop or training class? Yes=2 vs. No=1 3
If yes, please specify topic
2.1
2.09 0.4727
What is your age range? 18-35=3 vs. 36-55=2 vs. 56 and older=1 9
What is your gross annual income level? [$0,$10K)=1;
4.2 <.000
[$10K,$25K)=2; [$25,000,$50K)=3; [$50,000,$75K)=4; [$75,000, 3.38
21
∞)=5
What level of education have you completed? Some H.S.=1; High
5.4 <.000
School or GED=2; Associate degree=3; Bachelor’s degree=4; 3.84
21
Master’s degree=6; Ph.D. =7;
At what location would you like to receive your training? NMSU-
Alamogordo=1; NMSU-Carlsbad=2; NMSU-Dona Ana Main=3; 5.1
5.49 0.0612
NMSU-Dona Ana East Mesa=4; NMSU – Grants=5; NMSU-Las 9
Cruces=6; Albuquerque Center=7;
My NMSU classification is: Exempt staff=1; Non-exempt staff=2; 9- 3.4
1.39 ******
month faculty=3; 12-month faculty=4; 4

33. Full Question (Categories breakdown) Staff Fac χ2 W
1.31 1.23 0.3687
Are you willing to participate in further surveys that will help guide
us in developing employee workshops? Yes=2 vs. No=1 31.5% 23.3
Yes %
1.95 1.93 0.5901
Do you have expertise in any of the above topics for which you
would like to teach a workshop or training class? Yes=2 vs. No=1 95.4% 93.1
Yes %
2.09 2.19 0.4727
16.9% 6.3%
What is your age range? 57.0% 68.8
18-35 (value=1) 26.1% %
36-55 25.0
56 and older (3) %
3.38 4.22 <.000
0.5% 1
9.7% 0.0%
54.1%
22.7% 3.1%
What is your gross annual income level?
Since I am not a big fan of 13.0% 15.6
[$0,$10K) (1) averaging categorical responses %
[$10K,$25K) 37.5
…
[$25,000,$50K) %

34. Full Question Staff Fac χ2 W
5.49 5.19 0.0612
0.0%
2.0% 3.2%
12.9
At what location would you like to receive your training? 2.9% %
NMSU-Alamogordo 12.9
NMSU-Carlsbad 7.4% %
NMSU-Dona Ana Main 3.2%
NMSU-Dona Ana East Mesa 3.9% 67.7
NMSU – Grants 0.5% %
NMSU-Las Cruces 82.4% 0.0%
Albuquerque Center 1.0%
1.39 3.44 ******
61.0% 0.0%
My NMSU classification is: 39.1% 0.0%
Exempt staff (1) 0.0% 56.3
Non-exempt staff 0.0% %
9-month faculty 43.8
12-month faculty (4) %
I am employed by NMSU: 1.02 1.00 0.3794
Full-time (1) 97.6% 100%

35. 4. Discussion
• Based on overall results and other information
– There is a need for personal finance education on campus
– Concern: Low response rate
• Staff vs. Faculty:
– I. Opinion: 1 of 10 was significantly different
• Supervisor allowing time off to attend
– II. Topic: 4 of 13 was significantly different
• Budgeting and cash management; Credit, debt, paying off debt;
Buying a home; and Consumer rights/scams and frauds
• We’ve also decided
– Group faculty and staff together
– Offer classes at different levels of difficulty
– Trying to figure out the best design that fits the demand
• Debt deduction vs. convention
• Coordinator (Anna Dyson and I) vs. professional
• Basic, intermediate, and advanced

36. Lessons Learned
• IRB: Takes time, check on them,
inconsistent
– 2 weeks in the past vs. 10 week here
– Your faculty member in IRB. All good?
• Qualitative analysis is not the inferior one.

37. Current Planning
• Eight Topics identified: Budgeting and cash (2);
Credit card, debt, and debt management: (3);
Identity theft & consumer rights/scams (2); Buying
a home (2); College funds (1); Insurance (2);
Increasing income (1); and Retirement planning
(6).
• Allocate 2-3 one-hour sessions for each topics
– Fahzy and Anna will teach the basic and maybe the
intermediate levels. NMSU professors and local
professional will be invited to teach the advanced
level.
• Take advantage of facilities and event
– Smart classroom, library, Career Service, Financial
Literacy month in April
• Evaluation for each session

38. Future Considerations
• Lower-income population inadequately
covered by the survey
– More focused effort
– Custodians have different work schedule. E.g.
lunch at 10a.
• … while we’re thinking of sessions at noon and 4p
– Tend to be Spanish-speaking
– Focused group
– Direct face-to-face approach to the
supervisors

39. New Mexico State University
Financial Wellness Project
Fahzy Abdul-Rahman
Family Resource Management Specialist
Department of Family & Consumer Sciences
Extension