Monroe County CES

Title:

Basic Life Skills and Financial Literacy/Practices

MAP:

Securing Finanical Stability

Agents Involved:

Jamille Hawkins

MAJOR PROGRAM 1:

Real Skills for Everyday Life

MAJOR PROGRAM 2:

Money Habitudes

MAJOR PROGRAM 3:

Securing Financial Stability (general)

Situation:

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. The goal of the Securing Financial Stability Initiative is to help Kentuckians understand and respond to changing economic conditions, while promoting healthy financial behaviors across the lifespan.

Long-Term Outcomes:

•Maximize or extend resources to maintain or increase financial.
•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.

Intermediate Outcomes:

•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).

Initial Outcomes:

•Teenagers and adults will show increased knowledge and skills related to managing available financial and non-financial resources. (Social marketing and Program participants)
•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.

Evaluation:

Initial Outcome:

•Teenagers and adults will show increased knowledge and skills related to managing available financial and non-financial resources. (Social marketing and Program participants)

•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.

Intermediate Outcome: Examine personal and financial stability on a regular basis, and applying practical living skills to advance education and employability.

Indicator:1. Number of individuals who practice setting goals for the use of their money.

2. Number of individuals reporting improved knowledge (such as knowledge of ways to reduce expenses; cut spending; and save for emergencies).

3. Number of people who increase their knowledge of ways to balance income and expenses.

4. Number of individuals reported intent to be more aware of how money affects relationships

5. Number of individuals who implemented at least one strategy to reduce expenses or manage money

Method:Money Habitudes evaluation before and after & Basic Skills: Real Skills for Everyday life Series evaluation before and after lesson.

Timeline: Juniors and Seniors Annually – September when school year begins and May when school year ends 2017-2020.

Long-term Outcome: To improve the quality of their life resulting in a stronger family & to improve family financial stability and economic well-being.

Indicator: 1. Number of individuals self-reporting improved financial stability and economic well-being

2. Number of people who examined personal and financial stability on a regular basis (at least annually).

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

4. Number of individuals who practiced one or more resource management behavior(s) resulting in increased savings or investments.

Method: Where Does Your Money Go?? Curriculum

Timeline:Annually September 2017-2020

Learning Opportunities:

Audience:Low Income/Low literacy adults, general public, & retirees.

Project or Activity: Where Does Your Money Go?? Curriculum Content

Content or Curriculum: Where Does Your Money Go?? Curriculum Content or Curriculum: Where Does Your Money Go?? Curriculum and Stretching Your Holiday Dollar Curriculum.

Inputs: KY Cooperative Extension Agents, and Specialists, KY CES Publications, & Local/State/Federal resources.

Date: Annually in September 2017-2020

Audience: Young Adults & College Students, Low Income individuals

Project or Activity: Money Habitudes and Basic Skills: Real Skills for Everyday Life

Content or Curriculum:Money Habitudes and Basic Skills: Real Skills for Everyday Life

Inputs: KY CES Specialists, Staff & Agents, KY CES Publications, Local/State/Federal resources

Date:September when school year begins and May when school year ends 2017-2020.

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