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

Back to the Program

Knox County CES

Title:
Teaching families and youth to budget and spend money wisely
MAP:
Securing Financial Stability
Agents Involved:
Renata Farmer, Wayne Kirby
MAJOR PROGRAM 1:
Financial Education - General
MAJOR PROGRAM 2:
Family and Consumer Science
Situation:

Promote positive personal finance behaviors prepares Kentuckians 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 when 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 risks.

Long-Term Outcomes:
Intermediate Outcomes:

Number of people who:

Initial Outcomes:
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


Initial outcome: Youth will learn that performance, soft skills and ability can impact employment

Indicator:Youth will recognize the relationship between money/employment

Method: pre and post evaluations/ 4-H Common Measures Tool


Intermediate Outcome: Families and youth 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, 4-H Common Measures Tool.

Timeline: Program and evaluation will be conducted throughout the year


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/4-H Parents/General Public

Project or Activity:programs on budgeting

Content or Curriculum: Moneywise curriculum, FCS curriculum.

Date: throughout year


Project or Activity: 4-H Dollars and Sense

Content or Curriculum: 4-H Curriculum

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

Date: Spring 2021


Project or Activity: It's Your Reality/  4-H Reality Store

Content or Curriculum: 4-H Curriculum: Consumer Savvy;  It's Your Reality; good credit game

Inputs: Extension Agents, FRC, Program Assistants, Teachers

Date: Throughout 2020-2021





Success Stories

4-H Reality Store

Author: Renata Farmer

Major Program: 21st Century Skills (Career & Workplace Development)

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

Full Story
Back to the Program