Logan County CES

Title:

Managing Family and Personal Finances

MAP:

Securing Financial Stability

Agents Involved:

Rachel Hance

MAJOR PROGRAM 1:

Securing Financial Stability (general)

Situation:

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. According to the U.S. Census Bureau, Logan County has a poverty rate of 16.9% and a median household income less than the state and national averages.

Long-Term Outcomes:

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

Intermediate Outcomes:

Adopt short, mid and long term financial planning strategies

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

Initial Outcomes:

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

Evaluation:

Initial Outcome: Teenagers and adults will show increased knowledge and skills related to managing available financial and non-financial resources

Indicator: Number of individuals reporting improved knowledge and skills related to securing financial stability (such as managing financial and non-financial resources; consumer rights and privacy protection; importance of education and employability skills; personal goal setting to maintain and improve financial stability)

Method: Mail out or email follow up survey

Timeline: 8-10 weeks following program

Intermediate Outcome: Adopt short, mid and long term financial planning strategies

Indicator: Number of individuals who adopted short, mid and/or long term financial planning strategies

Method: Mail out or email follow up survey

Timeline: 3-6 weeks following program

Long-term Outcome: Number of clientele reporting improved family financial stability and economic well-being

Indicator: Number of individuals self-reporting improved financial stability and economic well-being

Method: Survey or Question/Answer session

Timeline: At end of program

Learning Opportunities:

Audience: General Public, Adults

Project or Activity: Stretching Your Holiday Dollar

Content or Curriculum: UK publications and resources

Inputs: Kentucky Cooperative Extension Service (CES) agents, program assistants, specialists and volunteers; Kentucky CES publications and resources, Kentucky Extension Homemakers Association (KEHA)

Date: Fall 2019