Extension
It Starts With Us
2020 Financial Education (KBM)
Enhance Life Skills and Build Consumer Awareness
Kelly Mackey, Ashley Cox-4H Assistant
Financial Education - General
Promote positive personal finance behaviors prepares Kentuckians for any future economic shift. The United States has been in an extremely long period of economic expansion; however, expansions are cyclical, meaning growth is eventually followed by recession. Securing financial stability for Kentuckians will help families thrive no matter the economic outlook. Financial stability is achieved when families are able to secure and manage resources needed to supply food, clothing, and shelter. Through increased financial knowledge, families may be able to make wise financial decisions, increase buying power, avoid overextended credit, develop savings habits, and manage risks.
- Better family money management skills, such as reducing debt, increasing savings, and financial planning
-More effective employees and community leaders
-Improved financial capability for Kentuckians, results in better quality of life and stronger families
-Practice one or more resource management behaviors resulting in increased savings or investments
-Adopt financial planning strategies for short-, mid- and long-term goals
-Increased knowledge and skills related to managing financial resources, including savings, credit, and financial planning
-Change knowledge, opinions, skills and aspirations, to improve employability through work and practical living skills and continuing education practices
-Increase financial literacy (knowledge and skills) related to savings and investments
Outcome: Increased awareness of sound financial behaviors
Indicators: Number of individuals who: implemented at least one strategy to reduce expenses or mange money; made a sound financial decision (regarding credit, budgeting, savings, and/or debt)
Method: Retroactive pre/post
Timeline: Following financial education workshops
Outcome: Increase knowledge and skills related to managing financial resources
Indicators: Number of individuals reporting increased levels of understanding in the area: confidence in handling money issues or specific financial matters
Method: Retroactive pre/post
Timeline: Following financial education workshops
Outcome: Increase knowledge and skills related to estate planning
Indicators: Number of individuals who took action toward implementing at least on estate planning strategy in regard to the subject matter presented
Method: Retroactive pre/post
Timeline: Following financial education workshops
Audience: Adults, young adults, and teens
Project or Activity: Money Habitiudes Workshop
Content or Curriculum: Money Habtitudes
Inputs: FCS Agent, curriculum publication and resources, Money Habtitude Cards
Date: 2021-2024 yearly
Project or Activity: Credit Education
Content or Curriculum: Good Credit Game
Inputs: FCS Agent, curriculum publications and resources, Good Credit Game set
Date: 2021-2024 yearly
Project or Activity: Financial Education
Content or Curriculum: Real Skills for Everyday Life
Inputs: FCS Agents, various money resources, local school systems
Date: Available in fall of 2021
Audience: Adults
Project or Activity: Estate Planning Workshop
Content or Curriculum: Estate Planning
Inputs: FCS Specialist (family finance and resource management), curriculum publications and resources, and local partners such as an attorney, CPA and/or financial planner
Date: 2021-2024 yearly
Audience: Kindergarten to High School students
Project or Activity: Piggy Bank Contest, Financial Education regarding saving
Content or Curriculum: rules for contest, publication and resources about saving, America Saves, Kentucky Saves
Inputs: FCS Agent, 4H Assistant/Agent, community partners such as banks, school systems, community volunteers
Date: October 2020-2024
Audience: Middle and High School Students
Project or Activity: Reality Store
Content or Curriculum: 4-H Reality Store
Inputs: FCS, 4-H Agents, FRYSC, community volunteers, community stakeholders, programmatic materials, local school systems
Date: 2021-2024
Audience: Recovery Centers
Project or Activity: Financial Education
Content or Curriculum: Recovering Your Finances
Inputs: FCS Agent, curriculum publications and resources, coordination with community stakeholders
Date: Available Spring 2021
