Author: Dayna Fentress
Major Program: Money Habitudes
Financial education programs often highlight financial literacy skills such as budgeting and managing credit card debt; however, these skills do not tap into the emotional and practical issues that cause people to react irrationally with money. Financial decisions are most often motivated by emotional need as opposed to logical knowledge. To address this concern, the University of Kentucky Cooperative Extension Service utilized the Money Habitudes program to emphasize the importan
Author: Kelly May
The University of Kentucky Family and Consumer Sciences (FCS) Extension program is a multidisciplinary field that focuses on building assets of individuals and families to address the perennial problems faced across the lifespan. Financial education programs often highlight financial literacy skills such as budgeting and managing credit card debt; however, these skills do not tap into the emotional and practical issues that cause people to react irrationally with money. Financial deci
Author: Christy Stearns
Financial education programs often highlight financial literacy skills such as budgeting and managing credit card debt; however, these skills do not tap into the emotional and practical issues that cause people to react irrationally with money. Financial decisions are most often motivated by emotional need as opposed to logical knowledge. To address this concern, the Clinton County Cooperative Extension Service utilized the Money Habitudes program to emphasize the importance of developing a heal
Author: Madison McAlmond
Each year Madison McAlmond, FCS Agent, has the opportunity to work with the FRSKY Angel Tree program to provide educational workshops. This year the workshop provided was Money Habitudes. This program combines the focus of money habits and attitudes with a fun card game highlighting individual spending habits. The goal is to take a closer look at what you spend your money on to evaluate if that lines up best with their current money goals. 11 participants worked through their money habitudes thi
Author: Deborah Messenger
Professionals with University of Kentucky Cooperative Extension report 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. Individuals who understand how emotional factors and their habits and attitudes can trigger or affect their spending may be able to plan more realistic steps and have higher success rates following through with their com
Author: Nicole Gwishiri
While identifying needs through the Bath County's Extension Council, one topic that was talked about is the need for financial literacy programs. 63% of Americans have no emergency savings for things such as a $1,000 emergency room visit as reported by Bankrate.com. The FCS Agent continued hosting a series of educational programs that identified different aspects of financial education, such as savings versus investing, developing a spending plan and evaluating the process, using apps that a
Author: Brittany Bowling
Recognizing the lack of financial literacy taught to teens in local high schools during the school year. The Leslie County Family and Consumer Sciences agent in partnership with Big Creek Mission summer program presented the Money Habitudes for Teens program. There were 28 teens ages 13-18 in attendance on this day. Each student was able to identify their personal attitude toward money. 93% of the students that participated reported that they had a better understanding of their attitudes and hab
