Kenton County CES

Title:

Securing Financial Stability, Estate Planning, Real Skills for Everyday Life

MAP:

Securing Financial Stability

Agents Involved:

Linda Brown-Price, Joan Bowling, Kathy Byrnes

MAJOR PROGRAM 1:

Financial Education - General

MAJOR PROGRAM 2:

Recovering Your Finances

MAJOR PROGRAM 3:

Financial Education - General

Situation:

The consequences of the Great Recession and the extended period of slow economic growth which followed, encouraged Kentuckians to become more aware of their financial situation. Kentucky consistently lags behind other areas of the United States in key household economic indicators, including: personal income (42,958 KY 53,657 US Census 2014), population living below the poverty line, unemployment, (5.8% compared to National rate of 4.9% Department of Numbers) and revolving debt. These indicators, especially unemployment numbers, became more exaggerated during the period of the Great Recession. However, at present economists 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. Consumers need to be aware of safety tips and strategies as they maneuver the internet and utilize technology in their everyday lives. The 2015 Kenton County Survey from current and new users of extension, and the “Farm Tour,” indicated a need for classes on sewing, budgeting, credit, job skills, estate planning Medicare, and Social Security.

Long-Term Outcomes:

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

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

• Increase the number of clientele reporting improved privacy security measures and reduction in reports of financial fraudulent matters across the state.

• Individuals will be able to retain gainful employment by utilizing the  necessary skills and technology to rebuild financial security.

Intermediate Outcomes:

• Number of people who adopt short, mid, and long-term financial planning strategies

• Practice one or more resource management behaviors 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. (Social marketing and Program Participants)

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

• Teens, young and older 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 Outcomes: Increase knowledge and skills to improve employability
Indicator: Increase number of responses to job inquiries, long-term employability
Method: Surveys, phone calls, success stories
Timeline: 3 to 6 months after class then a year follow-up

Long-term Outcome: Increased financial planning and investments
Indicator: Retirement and Investment planning increased
Method: Surveys, informal feedback, phone calls, success stories
Timeline: 6-9 months after class

Outcome: Change in knowledge, opinions, skills and attitudes to improve
practical living skills.
Indicator: Increased knowledge of technology skills
Method: Informal observation, feedback, pre and post-tests
Timeline: 3-6 months after class

Outcome: Increased knowledge and skills related to managing available resources.
Indicator: Number of individuals reporting improved knowledge (such as knowledge of ways to reduce expenses; cut spending; and save for emergencies).
Method: Pre and Post Test, informal feedback testimonials, success stories
Timeline: 6-9 months after class

Outcome: New sewing skills and completion of sewing project
Indicator: Class project will be of an acceptable standard
Method: Agent and Master Clothing Volunteer approved, follow-up survey
Timeline: Fall 2019 and Spring 2020

Learning Opportunities:

Audience: College students, general public, young adults, retirees
Project or Activity: 3-5 Week Series of classes
Content or Curriculum: Money Talks: A Financial Guide for Women
Inputs: Kentucky Cooperative Extension Service Agents and Specialists, Program Assistants, Kentucky and CES publications and resources, and Community Partners
Date: Fall 2021

Audience: Young Adult Job Seekers
Project or Activity: Resume and Interview Skills Classes
Content or Curriculum: KY CES Resources
Inputs: KY CES State Specialists, Program Assistants, FCS Agents, Community Partners
Date: September-October, 2021 - March-April, 2022

Audience: Homemakers, young couples, general public, low income families
Project or Activity: Consumer Protection
Content or Curriculum: KY CES Curriculum
Inputs: KY CES Agents and Specialists, Program Assistants, Community Partners
Date: March 2022

Audience: Limited-resource clientele, general public
Project or Activity: Saving Savvy with Apps For Coupons
Content or Curriculum: KY CES Curriculum
Inputs; KY CES Specialists, FCS Agents, Program Assistants, and Community Partners
 Date: October-November 2021; Feb.-March 2022

Audience: Individuals participating in past financial classes
Project or Activity: Financial Newsletter
Content or Curriculum: ”KY CES”
Inputs: KY CES Specialists, FCS Agents,
Date: Bi-monthly

Audience: Adults interested in sewing
Project or Activity: Beginning Sewing for Adults series
Content or Curriculum: FCS Agent and Master Clothing Volunteer designed
Inputs: Master Clothing Volunteer Curriculum, FCS designed
Date: Fall 2021, Spring 2022

Audience: Sewing Expo
Project or Activity: Three-day seminar from District 3 Agents
Content or Curriculum: UK Clothing Program publications
Inputs: Master Clothing Volunteers, FCS agent designed
Date: April 2020

Audience: Adult Sewing Project Group
Project or Activity: FCS Agent Designed
Content or Curriculum: Master Clothing Volunteer curriculum
Inputs: UK Clothing publications
Date: Monthly, beginning September 2019

Audience: Young Adults
Project or Activity: Financial Literacy for Young Adults
Content or Curriculum: Extension sponsored resources
Inputs: Ky. CES State Specialists, FCS Agents
Date: September, October, November 2021 and March 2022

Audience: Senior citizens, general public
Project or Activity: Questions on Social Security
Content or Curriculum: UK Fact Sheets; Social Security resources
Inputs: Social Security Administration; FCS Agent
Date: November 2021

Audience: Older adults, general public
Project of Activity: Questions on Medicare
Content of Curriculum: Extension sponsored resources
Inputs: Industry professionals, FCS agent
Date: October-November, 2021

Audience: Older adults, general public
Project or Activity: Estate Planning Tips
Content or Curriculum: Extension sponsored resources
Inputs: KY CES State Specialist, FCS Agent
Date: Fall, 2021 and Spring 2022