Knott County CES

Title:

Securing Financial Stability

MAP:

Healthy Homes and Communities

Agents Involved:

Linda Combs

MAJOR PROGRAM 3:

Financial Education - General

Situation:

With the unemployment rate in the county on the rise up to 15.6% in March 2013, community leaders through surveys, council meetings, and one-on-one face meetings have directed Extension programming to focus on areas dealing with: family relations, drugs, unemployment, motivating children to succeed, peer pressure, helping aging baby boomers learn to adapt to the aging process and financial management. Many of Knott County families struggle with one or more of these problems. Children who start kindergarten with delayed development and fewer assets are by far more likely to repeat grades, get tracked into lower-tier classes and drop out of high school. Knott County’s population of seniors is 13.4% a number that is expected to increase due to aging baby boomers.

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:

• 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: Knott County youth and adults will make good financial decisions.

Indicator: Percentage of program participants that identify short and long term goals and objectives.

Method: Observations, surveys, follow-up surveys, class evaluations.

Timeline: on going

Intermediate Outcome: adults & youth will develop a short & long term spending plan.

Indicator: manage a budget

Method: pre and post tests, observations

Timeline: on going

Long-term Outcome: families will develop & implement a long term spending lan

Indicator: use less credit, manage monies throughout the month

Method: pre and post tests, observations

Timeline: on going

Learning Opportunities:

Audience: Adults

Project or Activity: drug court - lifeskilss

Content or Curriculum: money habitudes

Inputs: FCS agent

Date: on-going

Audience: adults

Project or Activity: Managing in Tough Times

Content or Curriculum: UK Extension curriculum

Inputs: FCS agents

Date: ongoing

Audience: adults

Project or Activity: managing finances

Content or Curriculum: UK extension curriculum

Inputs: FCS agent

Date: on-going

Audience: adults

Project or Activity:  Planning Your Digital Estate

Content or Curriculum: UK Extension Curriculum

Input:  Kayla Watts, Breathitt Co FCS

Date:  Jan 2020

Success Stories