Financial StabilityPlan of Work

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Clay County CES

Title:
Financial Stability
MAP:
Securing Financial Stability
Agents Involved:
Lora Lee Frazier Howard, Alissa Sebastian, Jeff Casada
MAJOR PROGRAM 1:
Small Steps to Health & Wealth
MAJOR PROGRAM 2:
Money Habitudes
MAJOR PROGRAM 3:
Real Skills for Everyday Life
MAJOR PROGRAM 4:
4-H Youth Development Programming
Situation:
Clay County families and youth have been hit hard by the current economy. Families need to understand and respond to changing economic conditions, while promoting healthy financial behaviors during all stages of the lifespan.
Financial stability is important to the overall well-being of families. Families and youth need to secure the basic needs of food and clothing. They need to make wise consumer decisions avoid over-extended credit, develop saving habits, and learn to better plan for their futures. 37% of Clay Countians are in the labor force. 35% of our families are below poverty level, 25.7% of our county are high school graduates, 31% have a college degree or above 33% work part time or full time, $23,445 is the median household income
Long-Term Outcomes:
-Apply smart financial behaviors related to budgeting, credit savings and investments resulting in improved quality of life and stronger family life.

-Number of families reporting improved economic and financial wellbeing due to maximizing resources to increase finances.

-Number of post-secondary education students increase
Intermediate Outcomes:
-Families adopt short, mid or long term financial planning strategies, practice resource management behaviors resulting in increased saving and investments.

-Youth adopt short, mid, and long term financial planning strategies
Initial Outcomes:
-Families will increase knowledge and skill related to managing financial
resources.

-Families will increase financial literacy related to savings and identify goals related to maintaining and improving financial stability.

-Youth will realize financial stability correlates with preparing for an employable future.

- Youth will demonstrate an understanding of the difference in needs and wants; spending, saving and investing
Evaluation:

Long term Outcome: Families report improved economic wellbeing and financial stability.
Indicator: Number of families adopting one or more practices to reduce debt or increase saving.
Method: Word of Mouth, Formal and Informal Evaluation
Timeline: 2016-2020

Intermediate Outcome: Families practice resource management behaviors resulting in increased saving and investment.
Indicator: number of families that implement at least one financial management strategy.
Method: Word of mouth, formal and informal evaluation
Timeline: 2016-2020

Initial Outcome: Clients will increase knowledge and skills related to managing financial resources.
Indicator: Number of families reporting changes in knowledge, opinions, skills or aspirations related to money management.
Method: Word of mouth, formal and informal evaluation
Timeline: 2016-2020

Initial Outcome: Understanding of difference in needs and wants, spending, saving, and investing
Indicator: Change in Survey Results
Method: Pre and Post Survey
Timeline: 2016-2020
Learning Opportunities:

Audience: Families

Project or Activity: Healthy Walking - Healthy Life

Content or Curriculum: Small Steps to Health & Wealth by email, Walking Program

Inputs: Family & Consumer Science Agent

Date: 2018


Audience: Adults & Children

Project or Activity: Right On the Money

Content or Curriculum: Right On the Money Curriculum

Inputs: Headstart, schools, Family & Consumer Science Agent

Date: 2017 - 2018


Audience: Youth

Activity: Reality Store & Dollars and Sense

Content or Curriculum: 4-H Curriculum

Inputs: Curriculum, Agents, Teachers, Community Members, School System, Facilities

Date: 2017-2018


Audience: Families

Project or Activity Small Steps to Health and Wealth
Content or Curriculum Small Steps to Health and Wealth 

Inputs: leaflets, agent, Facebook

Date: all year

Audience: Adults
Project or Activity: Woman and Finance
Content or Curriculum: Leaflets
Inputs: Family and Consumer Science Agent/AARP
Date: 2017-2018




Success Stories

Planning for Profit

Author: Jeffrey Casada

Major Program: Farm Management

A local cattleman identified the need for more training in financial planning and budgeting. As a result, ANR Agents from Jackson, Laurel and Clay Counties collaboratively planned, resourced and executed a three part series on legacy and asset management in the first quarter of 2018.  The three programs were Planning for the Next Generation of Landowners, Can I Afford This, and Minimizing Tax Burden/Maximizing Tax Benefits. The Agents leveraged local experts to speak to clients on the

Full Story

A Glimpse of Reality

Author: Alissa Ackerman

Major Program: Family and Consumer Sciences 4-H Core Curriculum

In today’s society, many children are exposed to social media, TV shows, movies and books from a young age. When individuals compare their wants and needs to what others might have, it can be difficult for youth and adults to acknowledge reality. According to the United States Census Bureau, 39.7 percent of Clay County residents live below the poverty level, compared to the national level of 15.5 percent. Clay County’s median household income has fallen below national average of $21,

Full Story
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