Boone County CES

Title:

Financial Fitness for Adults (FCS)

MAP:

Financial Fitness

Agents Involved:

Diane Mason, Liz Evans

MAJOR PROGRAM 1:

Financial Education - General

Situation:

The consequences of the worldwide pandemic and racial tensions put a strain on individuals, families, and businesses finances. 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. It is important to acknowledge the impact of current economic conditions on family financial management. The goal of the Extension financial education programming 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 well-being.

Improved family financial stability and economic well-being.

Reduced number of individuals falling prey to scams.

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).

Take steps to secure personal information to avoid identity theft, fraud and other common scams

Initial Outcomes:

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.

Adults will understand the importance of being prepared for retirement.

Participants will identify short, medium and long term personal goals and objectives related to maintain and improve their financial stability.

Evaluation:

Initial Outcome: Awareness of money habits and need for managing money

Indicator: Post session evaluation

Method: Post session evaluation

Timeline: Immediately following session

Intermediate Outcome: Behavior change

Indicator: Individuals examined money habits and made one change for the better; individuals saving money; individuals creating spending and savings plans; individuals take steps to reduce their risks of falling prey to scams or identity theft

Method: Follow up evaluation

Timeline: 3 to 6 months after the program

Long-term Outcome: Individuals become financially secure and self-sufficient

Indicator: Community and state statistics; fewer home foreclosures

Method: Monitor available statistics

Timeline: 4 years

Learning Opportunities:

Audience: Adults in General Public

Project or Activity: Identity Theft and Fraud Awareness

Content or Curriculum: UK curriculum, guest speakers

Inputs: UK materials, guest speakers

Date: October 2022

Audience:  Adults of the general public

Project or Activity:  What Every Family (and Spouse) Should Know; Estate Planning Basics including wills and probate; Who Gets Grandma's Yellow Pie Plate

Content or Curriculum: Estate planning; University of Minnesota curriculum

Inputs:  worksheets, guest speakers

Date:  March 2023

Audience:  Young Adults/Adults of the general public

Project or Activity:  Wedding on a Budget Program

Content or Curriculum: MoneyWise

Inputs:  worksheets, possible guest speaker

Date: September 2022

Audience:  General Public

Project or Activity:  Positive Employability

Content or Curriculum: Positive Employability

Inputs:  Curriculum

Date:  September 2022

Audience:  

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Content or Curriculum: 

Inputs: 

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Success Stories