Securing Financial SecurityPlan of Work

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Simpson County CES

Title:
Securing Financial Security
MAP:
Resource Management
Agents Involved:
Jason Phillips, Catherine Webster, Christy Ramey
MAJOR PROGRAM 1:
Real Skills for Everyday Life
MAJOR PROGRAM 3:
Local Food System Development and Mapping
MAJOR PROGRAM 4:
4-H Communications and Expressive Arts Core Curriculum
Situation:

Situation: The median household income in Simpson Co. is $39,500, with 20% of Simpson Co. residents living in poverty. Compare this to a national median household income of $53,000 and a 15% poverty rate across the United States. Recently extension clientele were asked to identify the “issues & needs” facing Simpson Co. Money Management & Living on a Budget topped the list. 85% of Simpson County adults do not have a four year college degree, yet only 46% of high school graduates are deemed “career ready” upon graduation. 61% of the county’s employment sector is made up of manufacturing & trade jobs that typically do not require a college education. As one can see, these numbers leave quite a divide among the county’s workforce. Nationwide the number of stay-at-home parents has greatly decreased over the last 25 years. Parents are increasingly relying on schools to teach financial management concepts & skills once taught within the home. However, given recent budget cuts to education many schools have cut family & consumer sciences classes that teach financial management skills. In addition, as Baby Boomers head into retirement & aging, their need for help with affordable health care, food access, caregiving, and estate planning will increase. Extension’s mission is to make a positive difference in the lives of Kentucky citizens through non-formal education for the entire family, including the much needed financial resource management programs for youth, families, and our aging population.

Long-Term Outcomes:

Long-term Outcomes:

Youth, families, & retirees be financially responsible

Individuals gain & maintain employment through money management skills

Individuals make choices that lead to financial security throughout life

Youth will be productive, financially contributing adults in the future


Intermediate Outcomes:

Youth & families adopt financial saving & spending habits that contribute toward their employ-ability

Youth, families, and retirees practice financial management skills

Individuals (of all ages) practice responsible consumer & financial decision-making

Individuals contribute to a financially secure home & family

Initial Outcomes:

Gain financial management knowledge & skill development

Learn skills to setting financial goals and budgeting

Understand the decision-making process that goes into setting a family or individual budget

Process the relationship between good grades = college = better paying career = financial stability as an adult

Evaluation:


Outcome: Participants in financial programs learn then practice then adopt short, mid, & long term money management strategies to budget their financial resources, reduce debt, and increase savings.

Indicator: Families & retirees are financially stable and youth become financially contributing adults in the future

Method: Pre and post program surveys

Timeline: Anywhere from immediately following program, up to 12 months later


Learning Opportunities:



Audience: 5th, 6th, 8th, grades

Project or Activity: 4-H Dollars & Sense for Elementary and 4-H Reality

Store for Middle/SCYCTC students

Content or Curriculum: It’s Your Reality/Dollars and Sense’

Inputs: School District, FBLA Students, Homemakers, Local Businesses,

4-H Teens, Franklin Bank & Trust, SKYCTC students, Extension Agents

Date: January-April 2020


Audience: Young Adults 

Project or Activity: Small Steps to Health and Wealth

Curriculum: Moneywise newsletters, Small Steps to Health and Wealth, Communication Skills

Inputs: Local Employment Agencies, Local Banks, Extension Agents

Date: Fall 2019 – Spring 2020


Audience: High School Students

Project or Activity: Money Habitudes

Curriculum: Moneywise, Money Habitudes

Inputs: Teachers, students, Agents

Date: Winter 2020


Audience: Homemakers and General Public

Project or Activity: Lunch and Learn

Curriculum: UK Money Wise materials

Inputs: Agent led, Train-the-trainer, newsletters in commodity boxes

Date: September-December 2019


Audience: General Population

Project or Activity: Budgeting for Beginners

Curriculum: Extension publications-, Small Steps to Health and Wealth

Inputs: Parents, children, volunteers, bankers, Agents

Date: June 2020


Audience: General population

Project or Activity: Savings First

Curriculum: Moneywise and America Saves

Inputs: Agent time, Facebook, businesses in the community

Date: February 2020

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