Logan County CES

Title:

Managing Family and Personal Finances

MAP:

Securing Financial Stability

Agents Involved:

Rachel Hance, Carrie Derossett

MAJOR PROGRAM 1:

Financial Education - General

MAJOR PROGRAM 2:

Family and Consumer Science

MAJOR PROGRAM 3:

21st Century Skills (Career & Workplace Development)

Situation:

Kentucky consistently lags behind other areas of the United States in household income indicators, including personal income, population living below the poverty line, unemployment and revolving debt loads. According to the U.S. Census Bureau, Logan County has a poverty rate of 16.9% and a median household income less than the state and national averages.

Long-Term Outcomes:

-Number of clientele reporting improved family financial stability and economic well-being

-Be responsible and contributing individuals and family members

-Gain and maintain employment through life skill development

-Contribute to a safe and healthy home and community

Intermediate Outcomes:

-Adopt short, mid and long term financial planning strategies

-Practice one or more resource management behaviors resulting in increased savings or investments

-Adopt habits and skills that contribute to employability 

Initial Outcomes:

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

-Know what a SMART goal (specific, measurable, attainable, realistic, and timely) is and be able to set SMART goals 

Evaluation:

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

Indicator: Number of individuals reporting improved knowledge and skills related to securing financial stability (such as managing financial and non-financial resources; consumer rights and privacy protection; importance of education and employability skills; personal goal setting to maintain and improve financial stability)

Method: Mail out or email follow up survey

Timeline: 8-10 weeks following program

Intermediate Outcome: Adopt short, mid and long term financial planning strategies

Indicator: Number of individuals who adopted short, mid and/or long term financial planning strategies

Method: Mail out or email follow up survey

Timeline: 3-6 weeks following program

Long-term Outcome: Number of clientele reporting improved family financial stability and economic well-being

Indicator: Number of individuals self-reporting improved financial stability and economic well-being

Method: Survey or Question/Answer session

Timeline: At end of program

Method of evaluation: 4-H Common Measures Universal Survey

Learning Opportunities:

Audience: Youth (All public school 5th graders for Dollars and Sense, all public school 8th and 10th graders for Reality Store, various school enrichment opportunities)

Project or Activity: Consumer and Financial Education (Dollars and Sense, Reality Store)

Content or Curriculum: 4-H Build a Million; Building a Healthy, Wealthy Future; Consumer Savvy; It's Your Reality; APES; Be the E, Workforce Prep

Training: Agent In-services