Bath County CES

Title:

Acquiring Financial Skills Today To Assure Future Stability

MAP:

4-H Family and Consumer Sciences

Agents Involved:

Terence Clemons

MAJOR PROGRAM 1:

Family and Consumer Sciences 4-H Core Curriculum

MAJOR PROGRAM 2:

4-H Youth Development Programming

MAJOR PROGRAM 3:

Leadership 4-H Core Curriculum

Situation:

Through numerous Plan of Work Planning Meetings, The Bath County 4-H Council identified Teens' lack of financial preparedness as a major concern for county youth. Multiple reports from school staff, parents, and volunteers feel youth are going into college confused, frustrated, and unprepared. Kentucky consistently lags behind other areas of the United States in household income indicators, including personal income, population living below the poverty line, unemployment and revolving debt loads. Bath County’s poverty rate is 25.1%(Kentucky by the Numbers, UK College of Agriculture).

Long-Term Outcomes:

Able to apply smart financial behaviors to budgeting, savings, and investments

Future families report economic stability

Improvement of quality of life

Intermediate Outcomes:

Practice of economic management pertaining to savings and investments

Youth adopt short-mid-long term financial goals

Demonstrating practical living skills pertaining to spending

Initial Outcomes:

Teens will show knowledge of how their behavior can affect credit scores

Open and able to balance a bank account

Enhance knowledge of Financial Literacy

Understand connection of school performance and job attainment

Understand how family size affects savings and spending

Display knowledge of community sources that pertain to finances

Evaluation:

Initial Outcome: Understanding Financial Literacy

Indicator: Youth can define literacy terms

Method: Pre/Post Tests, Word of Mouth, Reported Grades

Timeline: Year Round

Intermediate Outcome: Youth start putting in what they learned to practice

Indicator: Opening of bank accounts

Method: Word of Mouth

Timeline: Year Round

Long-term Outcome: As a young adult, they start practicing financial smart choices

Indicator: Young adult has started using money saving methods

Method: Verbal Reports

Timeline: Various Times

Learning Opportunities:

Audience: Middle School Age Youth, Tweens and Teens

Project or Activity: Reality Store

Content or Curriculum: It's Youth Reality

Inputs: Family Resource Center Director, 4-H Extension Agent, Volunteers

Date: Spring of Current Year

Audience: Elementary School Aged Youth, Tweens and Teens

Project or Activity: In School Clubs

Content or Curriculum: Consumer Savy Series

Inputs: Teachers, 4-H Extension Agent

Date: Year Round

Audience: High School School Aged Youth, Tweens and Teens

Project or Activity: Entrepreneurship

Content or Curriculum: Youth Engagement Leadership Program

Inputs: Teachers, 4-H Extension Agent

Date: Year Round

Success Stories