Money%20Matters!

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Money Matters!

• By
• Dvora Inwood
• Tamecia Jones
• Anitra Waller

Ed 208B Winter 2004
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Why Money Matters!

• Only 56 of households are adequately prepared
  for retirement
• U.S. Department of Labor 2002
• 60 of American credit card holders carry credit
  card debt
• Cambridge Consumer Credit Counseling 2004

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Why Money Matters!

• Personal bankruptcy filings doubled from 1990 to
  2000
• American Bankruptcy Institute

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Why Money Matters!

• Personal bankruptcy filings hit a record high in
  2003
• over 2 million people!
• Administrative Office of the U.S. Courts

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Why parents matter

• 94 of students turn to their PARENTS for
  financial education and guidance

AND YET
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Why parents matter

• 55 of parents roll over credit card debt each
  month

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Why parents matter

• 58 of parents are unfamiliar with mutual funds
  or stocks

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Why parents matter

• 69 of parents cannot cite 2 examples of what
  they have done to teach their kids about
  financial matters

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American Savings Education Council, 2001
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Why Money Matters matters

• Were educating PARENTS who want to learn

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The Boys and Girls Club of Palo Alto

• The Initial Site Using the Money Matters
  Curriculum

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The Boys and Girls Club of the Peninsula

• An organization that provides safe, friendly fun
  environments for children after school in
  community clubhouses
• Its Mission is to inspire and enable all young
  people, especially those from disadvantaged
  circumstances, to achieve their full potential
  as productive,responsible, and caring citizens. 

The Boys Girls Club of the Peninsula is a
tax-exempt 501(C)3 non-profit organization.
http//www.bgcp.org
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Meet Joe. Who are his parents?
Hispanic African-American Pacific
Islander Caucasian
Single parents Couples Guardians Relatives
Consumers
Little Joe Member
Credit Risks/ Account Holders
Borrowers
Boys and Girls Club Member Joe
Graduates of High School Trade School College
Working Class Middle Class
Owners
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Why Joes parents matter They provide his needs
or wants
Food
Transportation
Clothes
Tuition
Shelter
Money
Boys and Girls Club Member Joe
Health Care
Books/Toys
And model money management
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The Money Matters Curriculum

• A Five Lesson Curriculum Plan

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Enduring Goal

• Students will be able to navigate economic
  situations with present and future consequences.

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Desired Outcomes

• Declarative Goals
• Procedural Goals
• Attitudes, Values, and Habits of Mind Goals

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Declarative Goals

• Students will
• Understand financial terminology
• Identify print, online and organizational
  resources that inform and guide financial
  decisions
• Be familiar with the financial rules of thumb

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Procedural Goals

• Students will develop an ability to
• Make decisions based on given information
• Identify a desired financial identity and create
  a plan toward building that identity
• Create monthly and annual budgets based on
  assessments of needs, wants, and resources

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Attitudes, Values, and Habits of Mind Goals

• Students will be proactive money managers and
  apply these ideas to their daily living for
  attainment of their short-term and long-term
  goals
• Students will demonstrate responsible financial
  behavior for their children

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Lessons Overview

1. Managing Income Expenses
2. Managing Consumer Credit and Planning for Major
   Purchases
3. Savings Investment
4. Insurance
5. Financial Record-Keeping

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Individual Lesson Format

• Icebreaker
• Self-Assessment
• Activities
• Individual
• Paired
• Group
• Individual Reflection

We use scenarios, real-life contexts, and
document examples for teaching and modeling!
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Curriculum Contents

• Lessons
• Appendix
• Student Worksheets
• Instructors Resource Guide
• Glossary of Terms

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Questions?