Strong Healthy EconomicsPlan of Work

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McLean County CES

Title:
Strong Healthy Economics
MAP:
Financial Security
Agents Involved:
David Fourqurean, Amanda Dame
MAJOR PROGRAM 1:
Securing Financial Stability (general)
MAJOR PROGRAM 2:
Small Steps to Health & Wealth
MAJOR PROGRAM 3:
Farm Management
MAJOR PROGRAM 4:
Good Credit Game
Situation:

McLean County residents fall below the state average medium household income, personal income, population living below the poverty line, unemployment and revolving debt loads (American Community Survey). Additionally, farm families are seeing low commodity prices and high input/ land prices. Due to the great risk involved in Ag, farmers and for all landowners the increased need to understand their financial situation and what level of risk they are able to take needs to be understood. It is important to acknowledge the impact of current economic conditions on family financial management. The goal is to help McLean County residents understand and respond to changing economic conditions, while promoting healthy financial behaviors across the lifespan.


2013 American Community Survey 5- year estimates, U.S. Census Bureau.

Long-Term Outcomes:

•There will be an increase in the number of families that are financially independent. 

•Improve the quality of life for McLean County residents resulting in stronger families. 

•Youth engaged in civic engagement, leadership, and career experience.

•McLean County residents will set up estate plans/maintain land within the family. 

•Decrease in number of bankruptcies and farms lost due to financial issues.  

•Number of clientele reporting improved family financial stability and economic well-being.

•Increase the number of clientele reporting improved privacy security measures and reduction in reports of financial fraudulent matters across the state.

•Individuals and families are increasing their income as well as maximizing income resources consumption.

•Improve the quality of life for McLean County residents resulting in stronger families

Intermediate Outcomes:

•Individuals will adopt short, mid, and long term financial planning strategies. 

•Demonstrate one or more farm management skills learned from Extension programs. 

•Adopt privacy protection measures; annual, semi-annual, or quarterly credit-checking practices; and better recognition of fraudulent attempts from outside sources.

•Improve employ practical living skills and continued education practices.

•Demonstrate practical living skills related to economic or enterprise development, as well as seeking to ascertain advance education credentials.

•Practice one or more resource management behaviors resulting in increased savings or investments.


Initial Outcomes:

•Residents will become more aware of basic money management. 

•Farm Families will recognize enterprise budgets and estate planning. 

•Teenagers and adults will show increased knowledge and skills related to managing available financial and non-financial resources.

•Participants will increase understanding of their consumer rights and privacy protection measures.

•Change knowledge, opinions, skills and attitudes to improve employ ability through practical living skills and continued education practices.

•Increase financial literacy related to savings and investments.

Evaluation:

Evaluation:

Outcome: Short term

Indicator: Farm females will recognize enterprise budgets and estate planning.

Method: survey, focus groups and discussions.

Timeline: 3-6 weeks


Evaluation:

Outcome: Short

Indicator: Teens and adults will increase knowledge and skills related to managing available financial and non-financial resources.

Method: Survey, focus groups and discussions. 

Timeline: 3 to 6 weeks


Evaluation:

Outcome: Short

Indicator: Teens and young adults will simulate life situations to recognize the importance of education and employability skills. 

Method: Survey, focus groups and discussions.

Timeline: 3 to 6 weeks


Evaluation:

Outcome: Short 

Indicator: Individuals will identify short, middle intermediate planning strategies to achieve set financial goals. 

Method: Evaluation, survey, self-report

Timeline: 3 to 6 months


Evaluation:

Outcome: Intermediate 

Indicator: Individuals will apply short, middle intermediate planning strategies to achieve set financial goals. 

Method: Evaluation, survey, self-report

Timeline: 6 months to one year


Evaluation:

Outcome: Intermediate 

Indicator: Practice one or more farm management skills learned from extension programs.

Method: Survey, follow up visit and calls 

Timeline: 6 months to one year


Evaluation:

Outcome: Intermediate

Indicator: Practice one or more resource management behaviors resulting in increased savings or investment. 

Method: Survey, follow up visit and calls 

Timeline: 6 months to one year


Outcome: Intermediate 

Indicator: Number of program participation reporting increased awareness of many management

Method: focus group discussion

Timeline: 3 – 6 weeks


Evaluation:

Outcome: Long-term

Indicator: Number of families reporting an increase in savings, emergency funds and or decrease in debt. 

Method: Survey and personal interviews 

Timeline: 3 to four years


Evaluation: 

Outcome: Long-term

Indicator: Decrease in number of bankruptcies and farms lost due to financial issues

Method: personal interview 

Timeline: 3 to 4 years 


Evaluation:

Outcome: Long-term

Indicators: 2% of participants reporting improved family financial stability and economic wellbeing.  

Method: Survey and personal interviews 

Timeline: 3 to four years

Learning Opportunities:

Audience: McLean County Residents

Project or Activity: Newspaper articles, social media posts 

Content or Curriculum: Managing in Tough Times Bits and Tips

Inputs: FCS agent, UK curriculum, specialist 

Date: July 18 through June 2019


Audience: McLean County Residents

Project or Activity: Financial Education Classes and Sessions

Content or Curriculum: Where Does Your Money Go and Money Wise Curriculum

Inputs: FCS agent, UK curriculum, specialist 

Dates: October 2018 through January 2019


Audience: McLean County High School Students 

    Project or Activity: Money Habitudes

    Content or Curriculum: Money Habitudes, UK Publications, and eXtension. 

    Inputs: FCS agent, specialist, community volunteers

    Date: January 2019 through April 2019


Audience: McLean County Residents

Project or Activity: Monday Habitudes

Content or Curriculum: Money Habitudes, UK Publications, and eXtension. 

    Inputs: FCS agent, specialist, community volunteers

    Date: Spring 2019


Audience: McLean County Students

    Project or Activity: Kentucky Saves and Kentucky Saves Piggy Bank Contest

    Inputs: Kentucky CES publications and resources, eXtension, Agents, volunteers. 

    Date: February 2019


Audience: McLean County Students.

Project or Activity: Reality Store

Content or Curriculum: It's Your Reality and Building a Healthy Wealthy Future.

Inputs: Agents, volunteers, community partners and schools.

Date: April 2019

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