Extension
It Starts With Us
Financial Education
Enhance Life Skills and Build Consumer Awareness
Froman, Porter, Stumbo, Workman
Agriculture
Communications and Expressive Arts
Family and Consumer Science
Camping
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.
In the United States, only 1/3 of high school seniors are college-ready. Only 1/3 of high school graduates are work-ready.
Kentucky Student Transitions - (2016-2017)
College 54.7%
Technical Training 5%
Military 3%
Working 23.4%
Other 13.8%
Sources: Kentucky Department of Education (2019)
US Department of Education (2019)
Although not the largest industry in the Commonwealth, STEM careers do have a large economic impact.
• Through November 2019, Kentucky exported $13.25 billion of aerospace products and parts, a 16.7% year over year increase (Lopez, 2020)
• Kentucky has seen a 63% employee increase in the private aerospace products and parts manufacturing industry since 2002 (Lopez, 2020).
• The Kentucky Annual Mean Wage is $42,410 (BLS, 2019)
• Computer and Mathematical Occupations make- up 1.6% of Kentucky Jobs with an annual mean wage of $68.790 (BLS, 2019).
• Architecture and Engineering Occupations make- up 1.4% of Kentucky Jobs with an annual mean wage of $72,460 (BLS, 2019).
Assumptions:
*4-H Programs provide Members with academic & social enrichment complimenting and enhancing formal learning, aligning with benchmarks and developing essential 21st Century Skills for Success
*4-H Programs prioritize offering authentic learning experiences, increasing family engagement, and developing partnerships improving program quality and sustainability.
External Factors:
*Access to school & community resources related to college and career readiness
*Economic & social factors affecting members and families
* The lack of reliable internet in our community.
- 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.
- Gainful employment in rewarding careers
- Lower unemployment rates
- Full participation in local and state community
- Practice one or more resource management behaviors resulting in increased savings or investments.
- Adopt financial planning strategies for short-, mid-, and long-term goals.
- Successful completion of postsecondary programs
- Entry into careers of choice
- Lower amounts of student loan debts
- 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.
- Better alignment with expectations with Schools, Postsecondary Institutions, and Businesses
- Increased funding and resources to 4-H Programs
- Increased participation in local and state 4-H Programs
- Sustained, higher-quality 4-H programs
- Higher graduation rates
- Increased entry into postsecondary programs
- Increased access to financial aid
Outcome: Increased awareness of sound financial behaviors
Indicator(s): Number of individuals who implemented at least one strategy to reduce expenses or manage money
Number of individuals who made a sound financial decision (regarding credit, budgeting, savings, and/or debt)
Method: Retroactive pre-post
Timeline: Sept 2021
Outcome: Increase knowledge and skills related to managing financial resources
Indicator: 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: Sept 2021
Audience: Adults, young adults, and teens
Project or Activity: Money Habitudes Workshop
Content or Curriculum: Money Habitudes
Inputs: FCS Agent, curriculum publications and resources, Money Habitudes cards
Date: Spring 2022
Audience: Adults, young adults, and teens
Project or Activity: Credit Education
Content or Curriculum: Good Credit Game
Inputs: FCS Agent, curriculum publications and resources, Good Credit Game set
Date: March 2022
Audience: Recovery Centers
Project or Activity: Financial Education
Content or Curriculum: Recovering Your Finances
Inputs: Coordination with community stakeholders
Date: March 2022
Project or Activity: Financial Education
Content or Curriculum: American Private Enterprise Seminar & It’s Your Reality
Inputs: Workshops and pre-workshop curriculum, U.K. Career Day,
Date: March – June 2022
Project or Activity: 4-H Life Skills
Content or Curriculum: National & Kentucky 4-H Curriculum
Inputs: 4-H Project Books, Workshops, 4-H Fairs, 4-H State Fair
Date: Spring 2021-2024
Learning Opportunities/Programs: STEM Activities; American Private Enterprise Seminar
Curriculum: 4-H Aerospace Adventures, 4-H Discovering Computer Science, 4-H Electric Projects, Junk Drawer Robotics, 4-H Small Engines,
Inputs: 4-H Project Books, 4-H Project Camps, Workshops, 4-H Fairs
Date: Spring 2022
Impact Indicators:
Base Level: Number of 4-H Members and Participants in College and Career Educational Programs
Advanced Level: Number of 4-H Members and Participants completing and using Resume and Interview Skills
Number of 4-H Members and Participants completing post-secondary education
Number of 4-H Members and Participants entering the workforce
Author: Novella Froman
Major Program: 21st Century Skills (Career & Workplace Development)
4-H Reality Store Teaches Workplace Skills The Pike County Extension Council identified economic development as one of the needs for Pike County. The 4-H Reality Store was held that involved eighty eight youth. Thirty volunteers and staff manned the different store fronts. From Uncle Sam to housing and child care, the youth came to terms to the reality of the cost of the “real world.” The local newspaper covered the event and the community lear
Author: Leslie Workman
Major Program: Financial Education - General
Productivity allows us to make progress on and complete necessary tasks. However, due to timeconstraints, competing responsibilities, stressors, and personal tendencies such as procrastination,we often are not as productive as we would like to be. To enhance productivity skills within the localcommunity and assist individuals in learning strategies to maximize their time and output, especiallyin the workplace, the University of Kentucky Cooperative Extension Service developed the TimeWell Spent:
