Financial StabilityPlan of Work

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Gallatin County CES

Title:
Financial Stability
MAP:
Healthy Communities
Agents Involved:
Hull, Broderick, Stewart
MAJOR PROGRAM 1:
Family Development General
MAJOR PROGRAM 3:
Communications and Expressive Arts
Situation:

Kentucky consistently lags behind other areas of the United States in key household economic indicators, including: personal income, population living below the poverty line, unemployment, and revolving debt. These indicators, especially unemployment numbers became more exaggerated during the period of the Great Recession. However, at present economist are cautiously optimistic regarding future economic forecasts. It is important to acknowledge the impact of current economic conditions on family financial management. The goal of the Securing Financial Stability Initiative is to help Kentuckians understand and respond to changing economic conditions, while promoting healthy financial behaviors across the lifespan.

Long-Term Outcomes:

•Maximize or extend resources to maintain or increase financial stability.

•Number of individuals reporting improved family financial stability and economic well-being.

•Number of individuals who avoided breaches in personal or financial security.

•Improved the quality of their life resulting in a stronger family.

Intermediate Outcomes:

•Adopt one or more short, mid and long term financial planning strategies.

•Practice one or more resource management behavior(s) resulting in increased savings or investments

•Apply practical living skills to advance education or employability.

•Examine personal and financial stability on a regular basis (at least annually).

Initial Outcomes:

•Teenagers and adults will show increased knowledge and skills related to managing available financial and non-financial resources

•Participants will increase understanding of consumer rights and privacy protection measures.

•Teens and young adults will simulate life situations to recognize importance of education and employability skills.

•Participants will identify short, medium and long term personal goals and objectives related to maintaining and improving their financial stability.

Evaluation:

Initial Outcome: Participants have increased their knowledge and vocabulary regarding personal and family finances.

Indicator: Participants attending a program, online session or mail out session

Method: evaluations

Timeline: 1- 3 months


Intermediate Outcome: Increase of families working to become financially independent.

Indicator: Participants have applied knowledge gained from Extension programs to become more financially secure.

Method: evaluation, observations, personal interviews and follow up calls.

Timeline: 6 months- 1 year


Long-term Outcome:  More families financially secure.

Indicator: Participants report applying two or more skills and more financial stability in their families.

Method: evaluation, observations, personal interviews and follow up calls.

Timeline: 2-3 years


Learning Opportunities:

Audience: Adults, KEHA Members

Project or Activity: Family and Individual Financial Education

Content or Curriculum: Estate Planning Workshops, Kentucky Saves, Stretching Your Holiday Dollar, Managing in Tough Times Curriculum and other UK publications

Inputs: Extension staff, volunteers

Date: Various programs throughout the year


Audience: 7th graders

Project or Activity: 4-H Reality Store

Content or Curriculum: 4-H Curriculum

Inputs: Extension Staff, Teachers, Volunteers, School

Date: Fall 2020


Audience: 5th graders

Project or Activity: Dollars and Sense

Content or Curriculum: 4-H Curriculum

Inputs: Extension Staff, Teachers, Volunteers, School

Date: Spring 2021


Audience: 5th Graders

Project or Activity: Economic Fair

Content or Curriculum: 4-H Curriculum

Inputs: Extension Staff, Teachers, Volunteers, School

Date: Spring 2021


Audience: Youth all Ages

Project or Activity: Piggy Bank

Content or Curriculum: Money Wise

Inputs: Extension Staff, Teachers, Volunteers, School, local banks

Date: Fall 2020


Audience: Homeschool grades 3-6

Project or Activity: Mini Society

Content or Curiculum: Mini Society

Input: Extension Staff, Volunteers, Grant

Date: Fall and Winter 2018-2019


Audience: High School

Project or Activity: APES

Content or Curriculum: UK

Inputs: businesses, volunteers, UK, extension staff

Date: 2020-2021 school year


Audience: Adults, KEHA members

Project or Activity: Senior SCAM programs

Content or Curriculum: Let the Consumer Beware! AARP Scam Alerts, KY Attorney General

Inputs: Extension staff, volunteers, AARP Scam alerts, Community partners, Local Law Enforcement

Date: various times throughout the year



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