Teaching families and youth to budget and spend money wiselyPlan of Work

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Knox County CES

Title:
Teaching families and youth to budget and spend money wisely
MAP:
Securing Financial Stability
Agents Involved:
Danielle Barrett, Renata Farmer, Wayne Kirby
MAJOR PROGRAM 1:
Securing Financial Stability (general)
MAJOR PROGRAM 2:
4-H Communications and Expressive Arts Core Curriculum
MAJOR PROGRAM 3:
Money Habitudes
MAJOR PROGRAM 4:
Real Skills for Everyday Life
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. In Knox County, the poverty rate in 2009 was 37.7 percent according to the Southern Rural Development center. The Knox County Cooperative Extension Council identified this situation as a concern for our community.

Long-Term Outcomes:

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

*Individuals and families are increasing their income as well as maximizing income resources consumption.

*Improve the quality of life for Knox County residents resulting in stronger families.

Intermediate Outcomes:

Number of people who:

-adopt short, mid and long term financial planning strategies.

-improve employability through practical living skills and continued education practices.

-demonstrate practical living skills related to economic or enterprise development, as well as seeking to ascertain advance education credentials.

-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.

*Change knowledge, opinions, skills and attitudes to improve employability through practical living skills and continued education practices.

*Increase financial literacy related to savings and investments.

Evaluation:

Initial Outcome: Families will learn to recognize where their money goes and identify needed areas or change.

Indicator: Families will create a budget and identify ways to increase savings and decrease spending.

Method: Information will be gathered through surveys/pre-post tests and individual testimonials.

Timeline: Program and evaluation will be conducted throughout the year 2019


Intermediate Outcome: Families will save money

Indicator: Establishment of savings accounts/increase in present saving plans.

Method: Information will be gathered through surveys/pre-post tests and individual testimonials.

Timeline: Program and evaluation will be conducted throughout the year2019-2020


Long-Term Outcome: Decrease in the poverty rate/unemployment rate

Indicator: Families increasing savings based on employment.

Method: U.S. Census Bureau and other federal statistics for Knox County

Timeline: 2019-2021

Learning Opportunities:

Audience: General public; farm families; NEP clients; Homemakers; Youth

Project or Activity: MoneyWise Newsletter

Content or Curriculum: Managing in Tough Times Initiative

Inputs: Extension Agents, program assistants, volunteers. Kentucky CES publications and resources

Date: Sent throughout the year to FRC/Homemakers/Farm


Audience/4-H Parents/General Public

Project or Activity: Economic-Related PSA’s

Content or Curriculum: Managing in Tough Times Initiative, UK Agent Exclusives

Inputs: Extension Agents, local radio stations and Local newspapers

Date: Monthly throughout year


Project or Activity: 4-H Dollars and Sense

Content or Curriculum: 4-H Curriculum

Inputs: Extension Agents, FRC, Program Assistants, Teachers, Volunteers

Date: Spring 2020


Project or Activity: 4-H Reality Store

Content or Curriculum: 4-H Curriculum

Inputs: Extension Agents, FRC, Program Assistants, Teachers

Date: Throughout 2019-2020


Project or Activity: Steps to Health Wealth

Content or Curriculum: FCS Curriculum, 4-H curriculum

Inputs: Extension Agents, Local resources

Date: Throughout year 2019-2020


Project or Activity: Piggy Bank Design Contest with KY Saves

Content: FCS/ MITT initiative

Inputs: Extension Agents, Teachers, Local resources

Date: Dec/Jan 20



Success Stories

4-H Reality Store shows relationship between academic performance & potential future careers

Author: Renata Farmer

Major Program: 4-H Family and Consumer Science Core Curriculum

A recent study by AIPCA revealed that only 13 percent of parents talk to their children about money matters regularly.  3 out of 10 parents never talk about money at all with their children. According to the study, parents are more likely to talk about good manners or about the dangers of drugs and alcohol more than they are about financial literacy.  The Knox County 4-H program responded to requests by teachers for financial literacy/work-force prep programs by collaborating with the

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