Money Matters!

ByDvora InwoodTamecia JonesAnitra Waller

Ed 208B Winter 2004

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

Why Money Matters!

• Personal bankruptcy filings doubled from 1990 to 2000

American Bankruptcy Institute

Why Money Matters!

• Personal bankruptcy filings hit a record high in 2003

– over 2 million people!

Administrative Office of the U.S. Courts

Why parents matter

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

AND YET…

Why parents matter

55% of parents roll over credit card debt each month

Why parents matter

58% of parents are unfamiliar with mutual funds or stocks

Why parents matter

69% of parents cannot cite 2 examples of what they have done to teach their kids

about financial matters

American Savings Education Council, 2001

Why Money Matters matters

We’re educating PARENTS who want to learn

The Boys and Girls Club of Palo Alto

The Initial Site Using the Money Matters

Curriculum

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

Meet Joe. Who are his parents?

Little Joe Member

HispanicAfrican-AmericanPacific Islander

Caucasian

Working ClassMiddle Class

Graduates of:High SchoolTrade School

College

Single parentsCouples

GuardiansRelatives

Consumers

Boys and Girls Club MemberJoe

BorrowersCredit Risks/

Account Holders

Owners

Why Joe’s parents matter… They provide his needs or wants

Clothes

Shelter

Health Care

Food Transportation

Money

Books/Toys

Tuition

Boys and Girls Club MemberJoe

And model money management

The Money Matters Curriculum

A Five Lesson Curriculum Plan

Enduring Goal

Students will be able to navigate economic situations with present and

future consequences.

Desired Outcomes

Declarative GoalsProcedural Goals

Attitudes, Values, and Habits of Mind Goals

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”

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

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

Lessons Overview

1. Managing Income & Expenses

2. Managing Consumer Credit and Planning for Major Purchases

3. Savings & Investment

4. Insurance

5. Financial Record-Keeping

Individual Lesson Format

IcebreakerSelf-AssessmentActivities

IndividualPairedGroup

Individual Reflection

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

Curriculum Contents

• Lessons• Appendix

– Student Worksheets– Instructor’s Resource Guide– Glossary of Terms

Questions?