NEFE High School Financial Planning Program ® Patrice Dollar,CFP Family Financial Management Specialist-University of Geor...
Why Financial Planning?
Teens Have A Lot of Money and They Spend It! $155 billion in 2000 $172 billion in 2001 $170 billion in 2002
Test Scores <ul><li>Years Score </li></ul><ul><li>2002  50.2% </li></ul><ul><li>2000  51.9% </li></ul><ul><li>1997  57.3% ...
Signs of Increasing Financial Vulnerability <ul><li>More consumer credit delinquencies </li></ul><ul><li>Sky-rocketing per...
The NEFE High School Financial Planning Program ® Developed by  by the National Endowment  for Financial Education ®
Partners Cooperative Extension System
What is the HSFPP? <ul><li>Fully developed personal finance curriculum </li></ul><ul><li>Materials include instructor's ma...
Purposes of HSFPP   <ul><li>Teach the financial planning process </li></ul><ul><ul><ul><li>what it is  </li></ul></ul></ul...
HSFPP Curriculum is... <ul><li>comprehensive </li></ul><ul><li>flexible </li></ul><ul><li>easy to implement </li></ul><ul>...
Easy Implementation <ul><li>Can be completed  </li></ul><ul><li>in as few as  </li></ul><ul><li>10 class periods </li></ul...
Results of National Evaluation <ul><li>After completing HSFPP </li></ul><ul><li>54% saved money </li></ul><ul><li>38% achi...
New Instructor’s Manual <ul><li>Unit Description </li></ul><ul><li>Learning Objectives  </li></ul><ul><li>Concept Lessons ...
National Standards <ul><li>Learning Objectives </li></ul><ul><li>Cross referenced to National Standards </li></ul><ul><ul>...
Lesson Plans <ul><li>Step-by-Step Plan </li></ul><ul><ul><li>outlines and visuals </li></ul></ul><ul><li>Learning by Doing...
<ul><li>Energizer </li></ul><ul><li>Inquire </li></ul><ul><li>Gather </li></ul><ul><li>Process </li></ul><ul><li>Apply </l...
NEFE High School  Financial Planning Program ® <ul><li>6  Units </li></ul>
NEFE High School  Financial Planning Program ® <ul><li>Unit 1 Financial Planning: </li></ul><ul><li>Your Roadmap </li></ul...
NEFE High School  Financial Planning Program ® <ul><li>Unit 2 Career: Labor You Love </li></ul><ul><li>Successful Careers ...
NEFE High School  Financial Planning Program ® <ul><li>Unit 3 Budget: Don’t Go Broke </li></ul><ul><li>Budgeting Process <...
NEFE High School  Financial Planning Program ® <ul><li>Unit 4 Savings and Investments </li></ul><ul><li>Time Value of Mone...
NEFE High School  Financial Planning Program ® <ul><li>Unit 5 Credit:  Buy Now, Pay Later </li></ul><ul><li>How Credit Wor...
Instructions   Unit 5 – Lesson 1 –Inquire “Give Me Credit”  <ul><li>Choose a fun name for your group </li></ul><ul><li>Pic...
Instructions   Unit 5 – Lesson 1 –Gather “Credit Masquerade”  <ul><li>Choose a fun name for your group </li></ul><ul><li>P...
Instructions   Unit 5 – Lesson 1 –Process “Let’s Break Down a Deal”  <ul><li>Choose a fun name for your group </li></ul><u...
Instructions   Unit 5 – Lesson 1 –Apply  “Loan Ranger” <ul><li>Choose a fun name for your group </li></ul><ul><li>Pick one...
Reflection <ul><li>What did you learn that surprised you about how credit works? </li></ul><ul><li>How do you feel about u...
Reflection <ul><li>How does it feel to be “in the dark” when you are trying to get a  particular piece of information? </l...
Reflection <ul><li>Which variable carried the most weight in your group’s decision-making process? Why? </li></ul><ul><li>...
NEFE High School  Financial Planning Program ® <ul><li>Unit 6 Insurance:  Your  Protection </li></ul><ul><li>Understanding...
Personal Finance  Web Sites <ul><li>http://www.nefe.org/webtraining/index.html </li></ul><ul><li>www.nefe.org </li></ul><u...
Personal Finance  Web Sites <ul><li>www.ftc.gov </li></ul><ul><li>www.superstarinvestor.com </li></ul><ul><li>www.ed.gov <...
The NEFE High School  Financial Planning Program ® <ul><li>Helping   Students  Make Their  Dreams  </li></ul><ul><li>a Rea...
<ul><li>Working  together   </li></ul><ul><li>to increase  </li></ul><ul><li>the  financial literacy  </li></ul><ul><li>of...
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  • Introduce Amy and have her say a few words
  • We get these statistics annually from Teenage Research Unlimited in Chicago, IL
  • 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&apos;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.
  • From the perspective of adults….
  • We have always looked at the HSFPP as being a preventive program
  • Learn the process Apply to their lives Begin taking control TODAY
  • It’s doing what we want it to do Bottom line is…IT WORKS! Refer to Greenspan’s remarks Economic educators…please raise hands
  • Go to IM, Unit 1, page 1—Unit Description Learning Objectives National Standards A variety of flexible lesson plans…intended 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 suggestions…community service learning (JROTC) Measurement…have they got it??? Visuals… Exam but also other suggestions for assessment tools
  • leggevano

    1. 1. NEFE High School Financial Planning Program ® Patrice Dollar,CFP Family Financial Management Specialist-University of Georgia
    2. 2. Why Financial Planning?
    3. 3. Teens Have A Lot of Money and They Spend It! $155 billion in 2000 $172 billion in 2001 $170 billion in 2002
    4. 4. Test Scores <ul><li>Years Score </li></ul><ul><li>2002 50.2% </li></ul><ul><li>2000 51.9% </li></ul><ul><li>1997 57.3% </li></ul>
    5. 5. Signs of Increasing Financial Vulnerability <ul><li>More consumer credit delinquencies </li></ul><ul><li>Sky-rocketing personal bankruptcies </li></ul><ul><li>Inadequate retirement savings </li></ul><ul><li>Decreasing personal savings rate </li></ul><ul><li>Lost workplace productivity due to financial problems </li></ul>
    6. 6. The NEFE High School Financial Planning Program ® Developed by by the National Endowment for Financial Education ®
    7. 7. Partners Cooperative Extension System
    8. 8. What is the HSFPP? <ul><li>Fully developed personal finance curriculum </li></ul><ul><li>Materials include instructor's manual, student guide for each student </li></ul><ul><li>Easily integrated into math, social studies, economics, or family and consumer education classes </li></ul>
    9. 9. Purposes of HSFPP <ul><li>Teach the financial planning process </li></ul><ul><ul><ul><li>what it is </li></ul></ul></ul><ul><ul><ul><li>what it can do for students </li></ul></ul></ul><ul><li>Help students apply the process </li></ul><ul><li>stimulating exercises </li></ul><ul><li>realistic assignments </li></ul><ul><li>Encourage students to take control of their finances—beginning now! </li></ul>
    10. 10. HSFPP Curriculum is... <ul><li>comprehensive </li></ul><ul><li>flexible </li></ul><ul><li>easy to implement </li></ul><ul><li>educational </li></ul><ul><li>all materials free! </li></ul>
    11. 11. Easy Implementation <ul><li>Can be completed </li></ul><ul><li>in as few as </li></ul><ul><li>10 class periods </li></ul>Suitable for block or traditional class schedule
    12. 12. Results of National Evaluation <ul><li>After completing HSFPP </li></ul><ul><li>54% saved money </li></ul><ul><li>38% achieved financial goals </li></ul><ul><li>35% tracked expenses </li></ul><ul><li>31% used spending plan </li></ul><ul><li>27% compared prices </li></ul><ul><li>IT WORKS! </li></ul>Source: NEFE High School Financial Planning Program, Boyce and Danes, 1998
    13. 13. New Instructor’s Manual <ul><li>Unit Description </li></ul><ul><li>Learning Objectives </li></ul><ul><li>Concept Lessons </li></ul><ul><li>(1-3 per unit) </li></ul><ul><li>Exams & Answer </li></ul><ul><li>Key </li></ul>
    14. 14. National Standards <ul><li>Learning Objectives </li></ul><ul><li>Cross referenced to National Standards </li></ul><ul><ul><li>Family and Consumer Economics </li></ul></ul><ul><ul><li>Mathematics </li></ul></ul><ul><ul><li>Social Studies-Economics </li></ul></ul><ul><li>National Standards/Benchmarks set by Jumpstart Coalition for Personal Financial Literacy </li></ul>
    15. 15. Lesson Plans <ul><li>Step-by-Step Plan </li></ul><ul><ul><li>outlines and visuals </li></ul></ul><ul><li>Learning by Doing </li></ul><ul><ul><li>4-phase process </li></ul></ul><ul><li>Optional Unit Projects </li></ul><ul><ul><li>Service Learning Opportunities </li></ul></ul>
    16. 16. <ul><li>Energizer </li></ul><ul><li>Inquire </li></ul><ul><li>Gather </li></ul><ul><li>Process </li></ul><ul><li>Apply </li></ul>Learning By Doing
    17. 17. NEFE High School Financial Planning Program ® <ul><li>6 Units </li></ul>
    18. 18. NEFE High School Financial Planning Program ® <ul><li>Unit 1 Financial Planning: </li></ul><ul><li>Your Roadmap </li></ul><ul><li>Setting Financial Goals </li></ul><ul><li>Effective Decision Making </li></ul><ul><li>Financial Planning Process </li></ul>
    19. 19. NEFE High School Financial Planning Program ® <ul><li>Unit 2 Career: Labor You Love </li></ul><ul><li>Successful Careers </li></ul><ul><li>Education and Training Pays </li></ul>
    20. 20. NEFE High School Financial Planning Program ® <ul><li>Unit 3 Budget: Don’t Go Broke </li></ul><ul><li>Budgeting Process </li></ul><ul><li>Consumer Spending </li></ul>
    21. 21. NEFE High School Financial Planning Program ® <ul><li>Unit 4 Savings and Investments </li></ul><ul><li>Time Value of Money </li></ul><ul><li>Investing </li></ul><ul><li>Savings </li></ul>
    22. 22. NEFE High School Financial Planning Program ® <ul><li>Unit 5 Credit: Buy Now, Pay Later </li></ul><ul><li>How Credit Works </li></ul><ul><li>Managing Debt </li></ul>
    23. 23. Instructions Unit 5 – Lesson 1 –Inquire “Give Me Credit” <ul><li>Choose a fun name for your group </li></ul><ul><li>Pick one person to play the role of the “teacher” </li></ul><ul><li>The rest of the group will be “students” </li></ul><ul><li>Turn to page 299 in the Instructors Manual </li></ul><ul><li>Follow instructions in the Instructors Manual </li></ul><ul><li>You group has 10 minutes to present to the entire group. </li></ul>
    24. 24. Instructions Unit 5 – Lesson 1 –Gather “Credit Masquerade” <ul><li>Choose a fun name for your group </li></ul><ul><li>Pick one person to play the role of the “teacher” </li></ul><ul><li>The rest of the group will be “students” </li></ul><ul><li>Turn to page 301 in the Instructors Manual </li></ul><ul><li>Follow instructions in the Instructors Manual </li></ul><ul><li>You group has 10 minutes to present to the entire group. </li></ul>
    25. 25. Instructions Unit 5 – Lesson 1 –Process “Let’s Break Down a Deal” <ul><li>Choose a fun name for your group </li></ul><ul><li>Pick one person to play the role of the “teacher” </li></ul><ul><li>The rest of the group will be “students” </li></ul><ul><li>Turn to page 303 in the Instructors Manual </li></ul><ul><li>Follow instructions in the Instructors Manual </li></ul><ul><li>You group has 10 minutes to present to the entire group. </li></ul>
    26. 26. Instructions Unit 5 – Lesson 1 –Apply “Loan Ranger” <ul><li>Choose a fun name for your group </li></ul><ul><li>Pick one person to play the role of the “teacher” </li></ul><ul><li>The rest of the group will be “students” </li></ul><ul><li>Turn to page 309 in the Instructors Manual </li></ul><ul><li>Follow instructions in the Instructors Manual </li></ul><ul><li>You group has 10 minutes to present to the entire group. </li></ul>
    27. 27. Reflection <ul><li>What did you learn that surprised you about how credit works? </li></ul><ul><li>How do you feel about using credit? </li></ul><ul><li>What advice would you give to someone who is about to use credit for the first time? </li></ul>
    28. 28. Reflection <ul><li>How does it feel to be “in the dark” when you are trying to get a particular piece of information? </li></ul><ul><li>What strategies did you learn about asking questions? </li></ul><ul><li>How can an activity like this help you learn to investigate credit offers you will receive after you graduate? </li></ul>
    29. 29. Reflection <ul><li>Which variable carried the most weight in your group’s decision-making process? Why? </li></ul><ul><li>How can you use a credit analysis process like this in your own life? </li></ul><ul><li>How would feel about committing yourself to two, three or four years of monthly payments? </li></ul><ul><li>Which is more important to you: a smaller payment or paying less interest? </li></ul>
    30. 30. NEFE High School Financial Planning Program ® <ul><li>Unit 6 Insurance: Your Protection </li></ul><ul><li>Understanding Risk </li></ul><ul><li>Types of Insurance </li></ul>
    31. 31. Personal Finance Web Sites <ul><li>http://www.nefe.org/webtraining/index.html </li></ul><ul><li>www.nefe.org </li></ul><ul><li>www.ntrbonline.org </li></ul><ul><li>www.jumpstart.org </li></ul><ul><li>www.cuna.org </li></ul><ul><li>www.asec.org </li></ul><ul><li>www.ecs.org </li></ul><ul><li>www.kiplingers.com </li></ul><ul><li>www.younginvestor.com </li></ul><ul><li>www.ultra.zacks.com/invest101/ </li></ul><ul><li>www.ihatefinancialplanning.com </li></ul>
    32. 32. Personal Finance Web Sites <ul><li>www.ftc.gov </li></ul><ul><li>www.superstarinvestor.com </li></ul><ul><li>www.ed.gov </li></ul><ul><li>www.collegeboard.org </li></ul><ul><li>www.nelliemae.org </li></ul><ul><li>www.bankrate.com </li></ul><ul><li>www.finaid.org </li></ul><ul><li>www.Salliemae.com </li></ul>
    33. 33. The NEFE High School Financial Planning Program ® <ul><li>Helping Students Make Their Dreams </li></ul><ul><li>a Reality!! </li></ul>
    34. 34. <ul><li>Working together </li></ul><ul><li>to increase </li></ul><ul><li>the financial literacy </li></ul><ul><li>of </li></ul><ul><li>America’s youth!! </li></ul>

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