Providing opportunities and resources to educate families on financial managementPlan of Work

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Breckinridge County CES

Title:
Providing opportunities and resources to educate families on financial management
MAP:
Farm and Home Financial Management
Agents Involved:
Allen, Bryant, Hinton
MAJOR PROGRAM 1:
Managing in Tough Times
MAJOR PROGRAM 2:
Securing Financial Stability (general)
MAJOR PROGRAM 3:
Family and Consumer Sciences 4-H Core Curriculum
MAJOR PROGRAM 4:
Farm Management
Situation:

Nineteen percent of Breckinridge County citizens live at or below poverty level. In the current economy, financial stability is important. That stability rests with families securing and managing their basic human needs of food, clothing, and shelter. Increasing buying power with wise consumer decision-making, avoiding pitfalls of overextended credit, developing saving habits, and managing financial risks. Local leadership continues to stress the need for basic financial management education to strengthen local families and communities.

As commodity prices continue to decline or remain steady, farmers are faced with the dilemma of continuing to produce crops in times of higher input costs.  Land owners and tenants are faced with keeping the natural resources in balance as well remaining profitable.  The increase in farmer related suicides is astonishing and local resources need to be identified to increase the overall well being of the farm family.

 

Long-Term Outcomes:

Number of individuals reporting improved family financial stability and economic well-being leading to an improved quality of life and a stronger family.  Natural resources remain stable.

Intermediate Outcomes:

Participants will practice resource management behavior(s) resulting in increased savings or investments. Landowners and tenants will utilize services such as soil testing and pest management.   Farmers will investigate Kentucky Farm Financial Management Program.  Participants will apply practical living skills to advance education or employ-ability.  Farmers and local businesses will increase knowledge on how to recognize when a farmer is in trouble and find them resources to manage finances, and/or emotional issues.



Initial Outcomes:

Participants will show increased knowledge and skills related to managing available financial and non-financial resources. Participants will simulate life situations to recognize importance of education and employable skills. Participants will identify short, medium and long term personal goals and objectives related to maintaining and improving their financial stability and awareness of severe signs of stress.

Evaluation:

Initial Outcome: Participants will gain an increased awareness and knowledge about family resource management.

Indicator: Increased participation and use of resource management programs

Method: Monthly statistical reports 

Timeline: Winter 2018 - Spring 2019


Intermediate Outcome: Individuals and families will utilize goal setting and budgeting to manage financial resources for future planning

Indicator: Individuals attending financial management programs and work force preparation program

Method: Pre and post surveys

Timeline: Winter 2018 - Spring 2019


Long-term Outcome: Individuals and families will demonstrate financial literacy and sound basic financial practices to transition through life.

Indicator: Individual and families will use one or more resource management behaviors resulting increased savings.

Method: Post program surveys

Timeline: 6 month - year following program participation

Long Term Outcome:  Individuals will learn more about the sessions that they attend on farm business management and estate planning.

Indicator:  Follow up visits to answer questions on estate planning and Farm Business management.  

Method:  Access data and statistics

Timeline:  6 months to 1 year following program participation.  


Learning Opportunities:

Audience: Holiday Assistance Families and Early Head Start Families

Project or Activity: Budgeting classes

Content or Curriculum: Managing in Touch Times, Stretching Your Holiday Dollar

Where Does Your Money Go

Inputs: Kentucky Cooperative Extension Service (CES) agents, program assistants, specialists and volunteers

Date: Winter 2018-Spring 2019


Audience: Local Families

Project or Activity: Newsletter, Newspaper Articles, Social Media post

Content or Curriculum: Managing in Tough Times Bits and Tips

Inputs: Kentucky Cooperative Extension Service (CES) agents, program assistants, specialists and volunteers

Date: 2018-2019 program year



Audience: Local Youth

Project or Activity: Club Lessons

Content or Curriculum: Money Power: Wise Decisions About Your Money & Your Life for College Students

Inputs: Kentucky Cooperative Extension Service (CES) agents, program assistants, specialists and volunteers

Date: Spring 2019


Audience: Local Youth

Project or Activity: 4-H It's Your Reality program

Content or Curriculum: It's Your Reality curriculum

Inputs: Kentucky Cooperative Extension Service (CES) agents and facilities, public schools, family resource centers, volunteer leadership, community and business leadership

Date: 2018-2019 program year


Audience: Local Youth

Project or Activity: 4-H Dollars and Sense program

Content or Curriculum: Dollars and Sense curriculum

Inputs: Kentucky Cooperative Extension Service (CES) agents and facilities, public schools, family resource centers, volunteer leadership, community and business leadership

Date: 2018-2019 program year


Audience: Local Youth

Project or Activity: 4-H Project Clubs, School Clubs, and Workshops

Content or Curriculum: Kentucky 4-H approved core curriculum

Inputs: Kentucky Cooperative Extension Service (CES) agents and facilities, public schools, family resource centers, volunteer leadership, community and business leadership

Date: 2018-2019 program year


Audience: Meetings with the Young Farm Families and Farm Business Analysis

Project: Meetings to work on farm and labor management

Content or Curriculum: Work with specialists in the area of Farm Business Analysis and Estate Planning

Inputs: Local Farm and home owners, Young Farmer Organizations

Date: 2018--2019 program year





Success Stories

Spending Leaks: Where Does My Money Go

Author: Lynnette Allen

Major Program: Securing Financial Stability (general)

Spending Leaks: Where Does My Money GoTo support the recovery process for families that are struggling with substance abuse and incarceration, the Breckinridge County Extension Family and Consumer Science Program reaches out to the local detention center to provide family resource management classes for men in a mandated substance abuse program.  The majority of the participants are fathers and/or husbands who have identified money management as a need.  The curriculum Where

Full Story

It Takes All of US

Author: Carol Hinton

Major Program: Sustainable Agriculture

According to the USDA, Kentucky has the 4th largest number of farms in the United States with 55% of land designated for agriculture.  As farms continue to consolidate, Agribusinesses’ have made their in-roads into farms and ‘Outstanding’ customer service is key to keeping their business, Extension is no different.  The Cooperative Extension Service prides themselves in their ability to take care of the customers.   The programming in the county is designed from

Full Story
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