Financial StabilityPlan of Work

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Clay County CES

Title:
Financial Stability
MAP:
Securing Financial Stability
Agents Involved:
Lora Lee Frazier Howard, Alissa Ackerman
MAJOR PROGRAM 1:
Family Development General
MAJOR PROGRAM 2:
21st Century Skills (Career & Workplace Development)
Situation:

Clay County families and youth need to promote positive personal finance behaviors to prepare Clay Countians 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 with 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 risk, and learn to better plan for their futures. 59% of Clay Countians are in the labor force.  47% of our families are below poverty level, median household income is $24,596.

Long-Term Outcomes:

-Better family money management skill, reducing debt and increasing savings and financial planning.

-Increased number of effective employees and community leaders.

-Number of families reporting improved financial wellbeing due to maximizing resources to increase finances resulting in better quality of life and stronger families.

-Number of post-secondary education students increase.

Intermediate Outcomes:

-Families practice one or more resources management behaviors resulting in increased saving and investments.

-Adopt financial planning strategies for short, mid and long term financial goals.

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


Initial Outcomes:

-Families will increase knowledge and skill related to managing financial resources including savings, credit and financial planning.

-Families will increase change knowledge opinions and skills and aspirations to improve employability through work and practical living skills.

-Families will increase financial literacy related to savings and investments maintaining and improving financial stability.

-Youth will realize financial stability correlates with preparing for an employable future.

- Youth will demonstrate an understanding of the difference in needs and wants; spending, saving and investing.

Evaluation:

Long term Outcome: Families report improved economic wellbeing and financial stability.

Indicator: Number of families adopting one or more practices to reduce debt or increase saving.

Method: Word of Mouth, Formal and Informal Evaluation

Timeline: 2020-2024


Intermediate Outcome: Families practice resource management behaviors resulting in increased saving and investment.

Indicator: number of families that implement at least one financial management strategy.

Method: Word of mouth, formal and informal evaluation

Timeline: 2020-2024


Initial Outcome: Clients will increase knowledge and skills related to managing financial resources.

Indicator: Number of families reporting changes in knowledge, opinions, skills or aspirations related to money management.

Method: Word of mouth, formal and informal evaluation

Timeline: 2020-2024


Initial Outcome: Understanding of difference in needs and wants, spending, saving, and investing

Indicator: Change in Survey Results

Method: Pre and Post Survey

Timeline: 2020-2024


Learning Opportunities:

Audience:  Families

Project or Activity:   Healthy Walking – Healthy Life

Content or Curriculum:   Small Steps to Health & Wealth by email, Walking Program

Inputs:  Family & Consumer Science Agent

Date:  2021  


Audience:  Families

Project or Activity:   Fair

Content or Curriculum:   Financial Management

Input:  Volunteers, Booths

Date:  Fall 2020


Audience:   Homemakers

Project or Activity:   Saving Savvy

Content or Curriculum:  UK Publication

Input:  Homemaker Leader Training, UK Curriculum

Date:  August 2020


Audience:  Youth

Project or Activity:   Right On the Money

Content or Curriculum:   Right on the Money Curriculum

Inputs:  Schools, Kindergarten, Family & Consumer Science Agent

Date:  2020-2021


Audience:  Youth

Project or Activity:   Reality Store & Dollars & Sense

Content or Curriculum:   4-H Curriculum

Inputs:   Curriculum, Agents, Teachers, Community Members, School System, Facilities

Date:  2020-2021



Audience:  Teens/Adults

Project or Activity:   Soft Job Skills

Content or Curriculum:   Soft Job Skills Curriculum

Inputs:   Leaders/Agents

Date:  2020-2021



Audience:  Youth

Project or Activity:  4-H Workforce Preparation & Career Readiness

Content or Curriculum:  4-H Workforce Curriculum

Inputs:  4-H Agent, Teachers

Date:  2020-2021

 
 





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