Family Literacy Powerpoint Presentation

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Managing money doesn’t come naturally and it is not easy, especially when there is a downturn in the economy! Being comfortable discussing money around the kitchen table in a positive and instructional manner is important. Together, parents and children can discover how to make the most of their money and achieve a better future. This 60-minute program is designed to provide participants with important money management concepts such as wants versus needs, setting savings goals, and developing a spending plan. In addition, participants will walk away with valuable activities to share with their children.

Text of Family Literacy Powerpoint Presentation

Sailing Toward Financial SuccessFinancial Education For Teachers, Counselors, and Administrators

Use Limitations. These materials are intended for non-commercial educational and instructional use only. These materials may not be used in connection with any sale, advertisement, endorsement or promotion of any service, product, person or business and may not be commercially published, sold or offered for sale.

Workshop Goals Learn how financial education can help GEAR UP students succeed. Address obstacles to delivering personal finance education. Gain basic personal finance skills and knowledge. Find out about other resources and upcoming projects to teach financial education.

Harnessing the Winds of (Good) Fortune

Who Wants to Be a Millionaire?Objectives: Grasp the relationship between time and the growth of money. Appreciate the awesome power of compound interest for better (savings) and for worse (debt) Recognize the possibility of becoming a millionaire by using only basic financial skills.

Who Wants to Be a Millionaire?Age 17 20 30 40 50 60 Monthly Savings $100 $126 $286 $671 $1,698 $5,466

Sailing Against the Winds of (Mis)Fortune

The High Cost of Compound InterestBalance $333 $1,000 $5,000 Monthly Payment $10 $30 $150 Time Total Payment

47 months $464.90 10 years 18.8 years $1,798 $9,799

Plugging LeaksParticipants will: Identify their personal spending leaks Learn ways to reduce spending by listening to the experiences of others.

Financial Scavenger Hunt How safe is your money? How safe is your identity? What do you do to save money?

Money Skills for Real Life GameMy Choices Earning & Saving Spending & Banking My Education My Future

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The Answer is:Number of hours of work at $7 per hour that it takes to buy a $98 pair of shoes.

The Question is:What is 14 hours? (14 x 7 = 98) Actually it will take more time, because you must earn $98 after taxes.

Engaging Your Students: Hook, Line and Sinker

Designing Effective Lessons A Good Hook: Sets a goal and connects with background knowledge and experience A Strong Line: Pulls the group to a new level of understanding A Solid Sinker: Lets the lesson sink in and apply to other contexts

ReviewToday we explored: The positive and negative power of compound interest The importance of plugging our financial leaks How to keep our money and identity safe.

Additional Resources www.smartaboutmoney.org www.nefe.org www.edpartnerships.org www.gearup-moneyskills.org/