Susan H. Gubing, CareerSmarts

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Susan H. Gubing, CareerSmarts Professional
Development Consultant Buffalo State Online
Instructor
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BudgetingApartment LivingGetting A
jobReferencesTheo Needs a Loan
Kick-off a topic with a video! Bill Cosbys
Financial Literacy Series
www.teachersmarts.com/money/videos.htm
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HSFPP Content

• 1. Your Financial Plan Where It All Begins
• 2. Budgeting Making the Most of Your Money
• 3. Investing Making Money Work for You
• 4. Good Debt, Bad Debt Using Credit Wisely
• 5. Your Money Keeping It Safe and Secure
• 6. Insurance Protecting What You Have
• 7. Your Career Doing What Matters Most

Free!
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Program Materials
Spanish Version
Take-Home Brochure
http//hsfpp.nefe.org/home/
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Ordering Your Materials
http//hsfpp.nefe.org/home/
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NEFE High School Financial Planning Program
Unit 3 Investing/Savings Student
Guide Instructors Guide PowerPoint Excel
Files
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3. Investing Making Money Work for You
Competency Propose a personal saving and
investing plan
NEFE Assignments Math calculations,
decision-making, advantage of saving early. Khan
Academy - http//www.khanacademy.org/

• Project-based/Authentic Learning
• Do You Want to be a Millionaire?

Visual
Speakers Financial Advisors Videos
CNBC Games BTA Stock Market Game free to
members www.stockmarketgame.com
http//www.btanys.org/
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SAVINGS

• 5 11 years old
• 1/3 Rule
• Personal wants
• Gifts for others
• Rainy day

• 12 18 years old
• Essential needs
• Emergency 1 - 2 months
• Large purchases
• Luxuries

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SAVINGS

• 19 years old
• Essential needs
• Emergency 3 - 6 months
• Retirement
• Large purchases
• Luxuries
• Travel, entertainment, technology

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Tale of Two Savers

• Anna
• Age 22
• College grad
• Saved 2000 a month
• Stopped saving at age 32
• _at_10 Interest how much did Anna have a age 65?

• Shawn
• Age 34
• College grad
• Saved 2000 a month for the next 32 years
• _at_10 Interest how much did Shawn have a age 65?

993,306.59
442,503.09
Which person do you believe had more savings at
the end of his/her 65th year?
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The Rule of 72 - p. 32
How long will it take for your money to double?
Divide 72 by the interest rate!
72 / 6 12 years
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Direct DepositDollar-Cost Averaging. Index
Mutual Funds
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• Pretend this money does not exist!
• Direct Deposit
• Dollar-Cost Averaging
• - invest the same amount from each paycheck.
• Index Mutual Funds
• - Managed Fund funds handled by people who
  think they are smarter than other people.
• Index Fund funds managed by a computer that
  knows its no smarter than the market.
• The biggest secret to saving money not spending
  it!

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NEFE High School Financial Planning Program
Unit 4 Good Debt, Bad Debt Using Credit
Wisely Student Guide Instructors
Guide PowerPoint Excel Files
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4. Good Debt, Bad Debt Using Credit Wisely
Competency Select strategies to use in
handling credit and managing debt.
NEFE Assignments FAQs about credit, Applying
for a loan, 4 Cs of credit, Personal plan to
handle credit.

• Project-based/Authentic Learning
• Understanding Credit Reports
• Credit Card Comparisons www.cardtrak.com
• Chris Hanson Credit Crisis http//www.msnbc.msn.
  com/id/29881849/

Visual
Speakers CARE Program Videos Young Money -
www.youngmoney.com
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Dont Buy Stuff! Saturday Night Live
SNL Credit Card Debt
www.teachersmarts.com/money/videos.htm
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5. Your Money Keeping It Safe and Secure
Competency Demonstrate how to use various
financial services.
NEFE Assignments My financial service
provider, checking accounts, Choosing a credit
card.

• Project-based/Authentic Learning
• Identity Theft
• Internet Research Trends, credit card
  comparisons
• Speakers Credit Union identity theft, online
  banking
• Continued.

Visual
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5. Your Money Keeping It Safe and Secure
Competency Demonstrate how to use various
financial services.

• Videos
• Federal Trade Commission http//www.ftc.gov/multim
  edia/video/index.shtml
• Take Charge Fight Back Identity Theft
  http//bulkorder.ftc.gov/ . Also free video
  Detect, Deter, Defend Avoid ID Theft
• New York Credit Union Foundation Id Theft Public
  Service Video  http//www.nycuf.org/financial_educ
  ation/id_theft_creditunions_psa_video.php
• iTunes Store and iTunes University
  www.apple.com/itunes/

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6. Insurance Protecting What You Have
Competency Create a personal insurance plan
that will minimize your personal or financial
losses.
NEFE Assignments Case for insurance,
personal financial risk exposure, car insurance.

• Project-based/Authentic Learning
• PowerPoint from NEFE

Speakers Insurance representatives Videos
Insurance Protecting What You Have
http//www.nextgen3.org/NEXTGen3.htm
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7. Your Career Doing What Matters Most
Competency Examine how a career choice and
lifestyle affect your financial plan.
NEFE Assignments Marketable skills, career
prep, job benefits, link between careers and
financial security.

• Project-based/Authentic Learning
• NYS CareerZone www.nycareerzone.org
• SUNY Career - www.suny.edu/student
• Compare Employee Benefits

Visual
Speakers DOL, College Career Center
professionals, professional associations,
unions, school personnel. Videos Career One
Stop http//www.careerinfonet.org/videos/COS_video
s_by_cluster.asp?id27nodeid28
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Financial Literacy Top Websites
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More Favorite Sites
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Curriculum and Videos
Budgeting, spending, savings, checking accounts,
credit and debt.
Videos
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Gen I Revolutionhttp//www.genirevolution.org/
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BudgetingApartment LivingGetting A
jobReferencesTheo Needs a Loan
Kick-off a topic with a video! Bill Cosbys
Financial Literacy Series
www.teachersmarts.com/money/videos.htm
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Financial Literacy _at_ Its Best!

• Build your students foundation with NEFEs
  robust, free materials.
• Use 21st Century instructional techniques
• Communication, collaboration, creativity,
  research, technology, project-based learning.
• Supplement with
• Videos, podcasts, field trips, games
• Blogs, twitter, websites
• Additional financial related websites

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Thank you!
Susan Gubing, sgubing_at_gmail.com
http//hsfpp.nefe.org/home/
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Key to Career and Personal Success
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Real City Money
http//www.labor.ny.gov/stats/lswage2.asp
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Financial Literacy andCollege Career Ready
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COLLEGE READY

• Complete academic requirements and graduate
  within a reasonable time.
• Plan and budget finances
• Make decision about career choices.
• Exit college minus a mountain of debt.

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CAREER READY

• Internships
• Find a job!
• Budget and manage finances
• Savings plan
• Retirement investments