nefe high school financial planning program ® teacher training program

NEFE High School NEFE High School Financial Planning ProgramFinancial Planning Program®®

TEACHER TRAINING TEACHER TRAINING PROGRAMPROGRAM

NEFE High School Financial Planning ProgramNEFE High School Financial Planning Program®®

ALL ACROSS THE NATION, ALL ACROSS THE NATION, FINANCIAL EDUCATION, FOR A FINANCIAL EDUCATION, FOR A

NEW GENERATION!NEW GENERATION!

• Launching of the NEW Launching of the NEW High School High School Financial Planning ProgramFinancial Planning Program Curriculum Curriculum March 12-15, 2007 in Denver, COMarch 12-15, 2007 in Denver, CO– 48 States in U.S. Represented by Cooperative 48 States in U.S. Represented by Cooperative

Extension System and the Credit Union Extension System and the Credit Union National AssociationNational Association


About the HSFPPAbout the HSFPP• Basic money management curriculum.Basic money management curriculum.

• Gives teens what they need in order to Gives teens what they need in order to begin using the skills the program begin using the skills the program teachesteaches

• Offers opportunities for family and Offers opportunities for family and trusted financial professionals to play a trusted financial professionals to play a role.role.


Why is this important for teens? Why is this important for teens? 1.1. Financial security in adulthood is Financial security in adulthood is

extremely important.extremely important.2.2. The high bankruptcy rate among The high bankruptcy rate among

young people.young people.3.3. High level of personal debt amongst High level of personal debt amongst

young people after HS.young people after HS.4.4. Lack of experience handling money.Lack of experience handling money.5.5. They don’t always learn about this at They don’t always learn about this at

home.home.


Why do teens need this Why do teens need this nownow? ? • Many ‘guaranteed’ benefits adults use Many ‘guaranteed’ benefits adults use

to enjoy are being reduced or to enjoy are being reduced or eliminated.eliminated.

• Personal savings among adults have Personal savings among adults have never been lower.never been lower.

• There’s a need to get students out of a There’s a need to get students out of a debtor mentality and into a saving debtor mentality and into a saving state of mind.state of mind.


HSFPP UnitsHSFPP Units• 1--1--Your Financial Plan:Your Financial Plan: Where it All Begins Where it All Begins

• 2--2--BudgetingBudgeting: Making the Most of Your $: Making the Most of Your $

• 3--3--Investing:Investing: Making Money Work for You Making Money Work for You

• 4--4--Good Debt, Bad Debt:Good Debt, Bad Debt: Using Credit Using Credit WiselyWisely


HSFPP UnitsHSFPP Units

• 5--5--Your Money:Your Money: Keeping It Safe and Keeping It Safe and SecureSecure

• 6--6--Insurance:Insurance: Protecting What You Have Protecting What You Have

• 7--7--Your Career:Your Career: Doing What Matters Most Doing What Matters Most


Program MaterialsProgram Materials


Student GuideStudent Guide HSFPP HSFPP 20072007

• One copy per studentOne copy per student• Student keeps their Student keeps their

student guide when student guide when course is completedcourse is completed

• Order extras to Order extras to replace when lost.replace when lost.

• Tour the student Tour the student guideguide


Instructor ManualInstructor Manual HSFPP HSFPP 20072007

• One copy per teacherOne copy per teacher• Has most of the Has most of the

instructional materialsinstructional materials• Tour the Instructor Tour the Instructor

ManualManual


Data Disk with all Program MaterialsData Disk with all Program Materials

Take-HomeTake-HomeBrochureBrochure

ForForParentsParents

SpanishSpanishVersionVersion

ViaViaDownloadDownload


CompleteCompletePresentation VisualsPresentation Visuals

InteractiveExcel Spreadsheets

PowerPoint or PDF Format


Certificate of CompletionCertificate of Completion

One available for each book you orderOne available for each book you order


Web SitesWeb SitesWeb ToolsWeb Tools

Web GamesWeb Games


OnlineOnline TrainingTraining


Online TrainingOnline Training

PresentationPresentationVisualsVisualsData DiskData Disk

Web Sites / Web Tools / Web GamesWeb Sites / Web Tools / Web Games

Student GuideStudent Guide Instructor ManualInstructor Manual

SpanishSpanishVersionVersion

Certificate ofCertificate ofCompletionCompletion

Take-HomeTake-HomeBrochureBrochure


better prepare better prepare

learners to manage learners to manage

their personal their personal

finances finances

NEFE InstructorsNEFE Instructorsare trusted to . . .are trusted to . . .


HSFPP designed to provide HSFPP designed to provide instructors resources to . . .instructors resources to . . .

• Deliver relevant, current financial curriculumDeliver relevant, current financial curriculum

• Clarify performance expectations for studentsClarify performance expectations for students

• Provide assessments that measure performance Provide assessments that measure performance

• Align performance expectations, assessments, Align performance expectations, assessments, and learning activities and learning activities

• Infuse state and national financial literacy Infuse state and national financial literacy standards standards


Students know in advance what they are

expected to do to show competence

Students are required to show competence

Learning experience allows students to

develop competence with practice and feedback

Performance-Based LearningPerformance-Based Learning (PBL) (PBL)


Each Unit organized around a Each Unit organized around a target target competencycompetency

major skill that the student will be able to major skill that the student will be able to do as a result of the learning experiencedo as a result of the learning experience

observable and measurable student observable and measurable student performanceperformance


Unit Target CompetenciesUnit Target Competencies1: Create a personal financial plan1: Create a personal financial plan

2: Prepare a personal budget2: Prepare a personal budget

3: Propose a personal saving and investing plan3: Propose a personal saving and investing plan

4: Select strategies to use in handling credit and 4: Select strategies to use in handling credit and managing debtmanaging debt

5: Demonstrate how to use various financial services5: Demonstrate how to use various financial services

6: Create a personal insurance plan which will minimize 6: Create a personal insurance plan which will minimize your financial lossyour financial loss

7: Examine how a career choice and lifestyle affect your 7: Examine how a career choice and lifestyle affect your financial planfinancial plan


Competencies supported by Competencies supported by learning objectiveslearning objectives

supporting facts, processes, principles, supporting facts, processes, principles, procedures, and concepts that will provide procedures, and concepts that will provide students with the skills, knowledge, or students with the skills, knowledge, or attitudes to achieve a competencyattitudes to achieve a competency

serve as benchmarks in each HSFPP unitserve as benchmarks in each HSFPP unit


Unit 2 Learning ObjectivesUnit 2 Learning Objectives

Support competency: Support competency: Prepare a personal budgetPrepare a personal budget

• Examine personal spending habitsExamine personal spending habits

• Summarize the advantages of having a spending planSummarize the advantages of having a spending plan

• Identify various sources of incomeIdentify various sources of income

• Identify types of expensesIdentify types of expenses

• Explain the role of saving in creating a budgetExplain the role of saving in creating a budget

• Explain how to construct a budgetExplain how to construct a budget

• Examine forms of record-keeping involved with budgeting and Examine forms of record-keeping involved with budgeting and cash managementcash management

• Summarize how a budget will change throughout your life cycleSummarize how a budget will change throughout your life cycle


Performance standardsPerformance standards specify specify satisfactory performance to satisfactory performance to demonstrate mastery of a demonstrate mastery of a competencycompetency

conditionsconditions in which the in which the performance will be assessedperformance will be assessed

criteriacriteria by which the by which the performance will be evaluatedperformance will be evaluated


Unit 2 Performance StandardsUnit 2 Performance StandardsMeasure mastery of competency:Measure mastery of competency: Prepare a personal budgetPrepare a personal budget

Condition:Condition:• by creating a personal budget for a week or monthby creating a personal budget for a week or month

Performance will be satisfactory whenPerformance will be satisfactory when• Income is listed by sourceIncome is listed by source• Budget includes savingsBudget includes savings• Expenses are listed as fixed, variable, or periodicExpenses are listed as fixed, variable, or periodic• Budget is balanced so total income equals total expensesBudget is balanced so total income equals total expenses• Budget contains realistic data for your current situationBudget contains realistic data for your current situation• Budget includes label with title and dateBudget includes label with title and date• You indicate how the budget supports each of your personal financial You indicate how the budget supports each of your personal financial

goalsgoals


Performance assessment tasksPerformance assessment tasks

Students complete criterion-referenced tasks to Students complete criterion-referenced tasks to demonstrate when they have mastered the demonstrate when they have mastered the competencies.competencies.

AssignmentsAssignments: opportunities for feedback: opportunities for feedback

AssessmentsAssessments: assess mastery of competencies: assess mastery of competencies


Unit 2 PerformancesUnit 2 PerformancesAssignments:Assignments:

• Compare recent spending with the financial plan created in Unit 1Compare recent spending with the financial plan created in Unit 1

• Categorize recent expenses as fixed, variable, or periodicCategorize recent expenses as fixed, variable, or periodic

• Identify how much is needed to save each month or week to meet Identify how much is needed to save each month or week to meet financial goalsfinancial goals

• Outline a personal budgetOutline a personal budget

Assessment:Assessment:• Prepare a personal budgetPrepare a personal budget


Assessment 2-1: My Personal Budget

Competency

Prepare a personal budget

Directions

Use what you have learned and practiced in Unit 2 to create your own personal budget.

Review your financial goals and preview the Scoring Guide to plan your activities t

o develop a personal

budget. Include the following information in your budget.

anticipated income, savings, and expenses for one week or month based on your current situation

an explanation of how the budget supports each of your personal financial goals

Required Assessment Criteria

Status

1. Income is listed by source

complete not complete

2. Budget includes savings (P.Y.F.)


3. Expenses are listed in appropriate categories: fixed, variable, or

periodic


4. Budget is balanced so total income equals total expenses


5. Budget contains realistic data for your current situation


6. Budget includes label with title and date


7. You indicate how the budget supports each of your personal

financial goals


8. [optional] Budget is prepared using spreadsheet software


Feedback:

Score ___________/50

Name ________________________

Date ________

Unit 2Unit 2PerformancePerformanceAssessment Assessment

TaskTask

Required criteria for satisfactory performance is detailed in scoring guide

DirectionsDirectionsfor studentfor student


Tour the student materialsTour the student materials

Student GuideStudent Guide

Student Web SiteStudent Web Site


Look at Training Module 2Look at Training Module 2Blue section – Training MaterialsBlue section – Training Materials

Work by yourself, with a partner or Work by yourself, with a partner or partners to complete Activity #7partners to complete Activity #7


Check out the teacher resourcesCheck out the teacher resources

Instructor ManualInstructor ManualInstructor CD ResourcesInstructor CD Resources

Instructor Web SiteInstructor Web Site


BACK

INSPIREINSPIRE

INFORMINFORM

MENTORMENTOR

COACHCOACH

INQUIREINQUIRE

GATHERGATHERPROCESSPROCESS

APPLYAPPLY

TEACHERTEACHER

STUDENTSTUDENT

Four Phases of LearningFour Phases of Learning


INQUIREINQUIRE

InstructorManual


PROCESSPROCESSGATHERGATHER

GATHERGATHER

InstructorManual


PROCESSPROCESS

GATHERGATHER

APPLYAPPLY

InstructorManual


APPLYAPPLY

UnitUnitAssessmentAssessment


Unit Sequence SchedulesUnit Sequence Schedules

Instructor ManualInstructor Manual

Appendix CAppendix C


Other human resourcesOther human resources


HSFPP curriculum aligned with HSFPP curriculum aligned with financial literacy standardsfinancial literacy standards

National Academic StandardsNational Academic Standards

Jump$tart Coalition for Personal Financial LiteracyJump$tart Coalition for Personal Financial Literacy

National Council on Economic EducationNational Council on Economic Education

National Standards for Business EducationNational Standards for Business Education

National Standards for Family & Consumer Sciences EducationNational Standards for Family & Consumer Sciences Education

National Council for Social Studies—EconomicsNational Council for Social Studies—Economics

Standards for the English Language ArtsStandards for the English Language Arts

Principles and Standards for School MathematicsPrinciples and Standards for School Mathematics


Order Material OnlineOrder Material Online


Making It HappenMaking It HappenWhat do you need to doWhat do you need to do to put the program in place? to put the program in place?

Work with your local Credit Union and/or Work with your local Credit Union and/or Junior Achievement to plan future teacher Junior Achievement to plan future teacher and credit union staff HSFPP Curriculum and credit union staff HSFPP Curriculum

trainings. trainings.


Training Module 1Training Module 1Training Module 2Training Module 2Training Module 3Training Module 3Training Module 4Training Module 4


Training ModulesTraining Modules

1 – Meet the Program (1 hr)1 – Meet the Program (1 hr)

2 – Use the IM materials (2-3+ hrs)2 – Use the IM materials (2-3+ hrs)

3 – Formulate plan to implement program3 – Formulate plan to implement program (1- 2 hrs) (1- 2 hrs)

4 – Formulate plan to train instructors and 4 – Formulate plan to train instructors and financial professionals (1-2 hrs)financial professionals (1-2 hrs)


Potential Training AgendasPotential Training Agendas

1-2 Hour Orientation1-2 Hour Orientation Module 1 Module 1

1/2 Day Orientation 1/2 Day Orientation Modules 1, 3 or Modules 1, 2 Modules 1, 3 or Modules 1, 2

6-hr+ Teacher Training6-hr+ Teacher Training Modules 1, 2, 3 Modules 1, 2, 3

1- or 2-day Trainer Training1- or 2-day Trainer Training Modules 1, 2, 3, 4 Modules 1, 2, 3, 4


Remember, bring life and Remember, bring life and meaning to NEFE’s new meaning to NEFE’s new

HSFPP Theme….HSFPP Theme….

““ALL ACROSS THE NATION, FINANCIAL ALL ACROSS THE NATION, FINANCIAL EDUCATION, FOR A NEW GENERATION!”EDUCATION, FOR A NEW GENERATION!”

nefe high school financial planning program ® teacher training program

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