Laurel County CES

Title:

Financial Education

MAP:

Securing Financial Stability

Agents Involved:

Davidson, Easley, Williams, and Mobley

MAJOR PROGRAM 1:

Financial Education - General

MAJOR PROGRAM 2:

Family and Consumer Science

MAJOR PROGRAM 3:

Business Retention and Expansion

MAJOR PROGRAM 4:

Farm Management, Economics and Policy

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:

• Better family money management skills, such as reducing debt, increasing savings, and financial planning
• More effective employees and community leaders
• Improved financial capability for Kentuckians, results in better quality of life and stronger families

Intermediate Outcomes:

• Practice one or more resource management behaviors resulting in increased savings or investments.
• Adopt financial planning strategies for short-, mid-, and long-term goals

Initial Outcomes:

• Increased knowledge and skills related to managing financial resources, including savings, credit and financial planning.
• Change knowledge, opinions, skills and aspirations, to improve employability through work and practical living skills and continuing education practices.
• Increase financial literacy (knowledge and skills) related to savings and investments.

Evaluation:

Initial Outcome:  Increased Awareness of sound financial behaviors

Indicator:  number of individuals who implemented at least one strategy to reduce expenses or manage money.  

Method:  surveys and observations

Timeline:  following financial management workshops

Intermediate Outcome:  Increase knowledge and skills related to managing financial resources

Indicator:  number of individuals reporting increased levels of understanding in the area: confidence in handling money issues or specific financial matters

Method:  pre and post evaluations

Timeline:  following financial management workshops

Long-term Outcome:  Increase knowledge and skills related to estate planning

Indicator:  Number of individuals who took action toward implementing at least one estate planning strategy in regard to the subject matter presented

Method:  evaluation

Timeline:  following financial management workshops

Learning Opportunities:

Audience:  Seniors

Project or Activity:  Senior Vouchers Farmers Market Program

Content or Curriculum:  NEP

Inputs:  FCS and Horticulture Agent, EFNEP, KY Dept of AG

Date:  Summer

Audience: Adults

Activity: Holiday Ideas

Content or curriculum: UK publications

Inputs: Extension Agent and staff

Extension Office

Date: Winter

Audience: General Public

Project or Activity: Money Wise

Content or Curriculum:  Money Wise Curriculum

Inputs:  FCS Agent and State specialists

Date: Fall

Audience:  General Public

Project or Activity:  Money Habitudes

Content or Curriculum:  Money Habitudes

Inputs:  FCS Agent

Date:  Fall

Audience: Farmers

Activity: Farm Record Book Workshop

Content or curriculum: UK publications

Inputs: Extension Agent and staff, farm record books and CD's, Volunteers, CPA

Extension Office

Date: Winter

Audience: Adults

Activity: Integrated Pest Management

Content or curriculum: UK Publications

Inputs: Extension Agents and staff, extension Office, Volunteers

Date: Spring

Audience: Farmers

Activity: Private Pesticide Applicator Training

Content or curriculum: UK publications; Kentucky Department of Agriculture

Inputs: Extension Agents and staff, extension office,

Date: ongoing

Audience: Youth

Activity: Dollars and Sense

Content or Curriculum: 4-H Dollars and Sense curriculum

Inputs: Extension agents, staff, volunteers, materials, family resource and youth service centers

Date: Fall and Spring

Audience: Youth

Activity: Reality Store

Content or Curriculum: 4-H It's Your Reality

Inputs: Extension agents, staff, volunteers, materials, family resource and youth service centers

Date: Spring

Audience: 4-H Youth

Project or Activity: 4-H School Programs

Content or Curriculum: 4-H curriculum

Inputs: 4-H agents, 4-H assistants, volunteers, local schools

Date: September-May

Audience:  Adults

Project or Activity: Estate Planning for Farm Families

Content or Curriculum:  UK Publications

Inputs:  Agents, staff,  estate planning attorney

Date:  Fall