Extension
It Starts With Us
Securing Financial Stability
Life Skill Development
Corinne Belton, Regina Browning, Sheila Fawbush
Farm Management
Securing Financial Stability (general)
Small Steps to Health & Wealth
Managing in Tough Times
The consequences of the Great Recession and the extended period of slow economic growth which followed, encouraged Kentuckians to become more aware of their financial situation. Kentucky consistently lags behind other areas of the United States in key household economic indicators, including: personal income, population living below the poverty line, unemployment, and revolving debt. These indicators, especially unemployment numbers became more exaggerated during the period of the Great Recession. However, at present economist are cautiously optimistic regarding future economic forecasts. It is important to acknowledge the impact of current economic conditions on family financial management. Shelby Countians need to be able to understand and respond to changing economic conditions, while promoting healthy financial behaviors across the lifespan.
Consumer debt is rising and the typical US household carries $9200 in credit card debt. Lack of sound personal money management leads to an increase in bankruptcies and has a negative impact on the overall economy of the community. Many of Shelby County farmers are "land rich" but "cash poor" and need to make sound finanical plans for transitioning to the next generation. The County Extension Council and FCS Council identified financial strain, budgeting and long term financial planning as key issues in Shelby County.
Maximize or extend resources to maintain or increase financial stability.
Number of individuals reporting improved family financial stability and economic well-being.
Number of individuals who avoided breaches in personal or financial security.
Improved the quality of their life resulting in a stronger family.
Adopt one or more short, mid and long term financial planning strategies.
Practice one or more resource management behavior(s) resulting in increased savings or investments
Apply practical living skills to advance education or employability
Examine personal and financial stability on a regular basis (at least annually).
Teenagers and adults will show increased knowledge and skills related to managing available financial and non-financial resources. (Social marketing and Program participants)
Participants will increase understanding of consumer rights and privacy protection measures.
Teens and young adults will simulate life situations to recognize importance of education and employability skills.
Participants will identify short, medium and long term personal goals and objectives related to maintaining and improving their financial stability.
Initial Outcome: Increased KOSA related to money management strategies
Indicator: KOSA gained related to money management strategies
Method: questionnaires, self reporting
Timeline: End of sessions
Intermediate Outcome: Positive practice changes related to money management strategies
Indicator: Change in practice related to money management strategies
Method: Self reporting
Timeline: Follow-up surveys
Long-term Outcome: Shelby Countians maximize and/or extend resources to maintain or increase their financial stability.
Indicator: Participants maximize or extend resources to maintain or increase financial stability.
Method: County statistical data
Timeline: Annually for ten years
Audience: Farmers transitioning away from tobacco production
Project or Activity: CAIP Grant Program
Content or Curriculum: Cost-share program/projects and related publications/curriculum
Inputs: GOAP information, agents, UK publications
Date: Year round
Audience: New-to-farming producers
Project or Activity: For Rookie Series - Advanced
Content or Curriculum: Extension publications
Inputs: Extension publications, agents, specialists
Date: October 2019
Audience: Adults 55 and older
Project or Activity: Driver Safety Program
Content or Curriculum: AARP Driver Safety Programs
Inputs: Instructor, booklets, certificates
Date: August, November 2018 and April 2019
Audience: Adults
Project or Activity: Debt Management Series
Content or Curriculum: Dave Ramsey's material and UK Financial education publications
Inputs: Dave Ramsey's material and UK Financial education publications
Date: Mar - May 2019
Audience: Youth and Adults
Project or Activity: Community Events & Festivals
Content or Curriculum: Budgeting, savings, banking accounts, home buying,debt reduction, Managing in Tough Times Materials
Inputs: Budgeting, savings, banking accounts, home buying,debt reduction, Managing in Tough Times Materials
Date: Nov 2018; Mar 2019
Audience: Adults
Project or Activity: Estate Planning
Content or Curriculum: UK Publications and speakers
Inputs: Community Resources
Date: January 2019
Audience: 4-H School Clubs
Project or Activity: 4-H Money Program
Content or Curriculum: 4-H Reality Store materials, money management curriculum
Inputs: 4-H materials, handouts
Dates: January 2019
Audience: Farmers/Horticulturists
Project or Activity: Direct Marketing Workshop
Content or Curriculum: UK Publications
Inputs: UK Specialists
Date: February 20, 2019
Author: Regina Browning
Major Program: Family and Consumer Sciences 4-H Core Curriculum
Money is an everyday part of life, critical to achieving freedom, independence and success. Unfortunately, a survey by the National Foundation for Credit Counseling found that 67% of adults don’t follow a budget and 76% of college students wish they had more help to prepare for the financial futures. Shelby County 4-H presented a program called Money Matters to 617 4-H members to help them develop a solid foundation in money management.To tie into the goals of the Shelby County
