Does Money Grow on Trees?
Value of a Job & Earning
Power
2.1.1.G1
Where does Money come from?

Fundraising

Bonus
© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 2
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
2.1.1.G1
A Look from the Treetop

In this lesson we will learn:
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Why People Work
Value of a Job, Occupation, and Career
Relationship between Education Level and Income
Standard of Living
Identify Needs and Wants
Aspects of Well-Being
Planning for the Future
© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 3
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
2.1.1.G1
Why Do People Work?

To feel personal satisfaction

To improve their skills

To earn money
© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 4
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
2.1.1.G1
What is a Job?

Work role within a specific organization
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
Paid or unpaid
Examples:
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Lawn mower at Community Golf Course
Secretary at ABC Law Firm
Brain Surgeon at Hospital X
© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 5
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
2.1.1.G1
What is an Occupation?

A wide category of jobs with
similar characteristics
What other jobs fall under
the occupation or “umbrella”
of an educator?
Educator
Jo
b

© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 6
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
2.1.1.G1
What is a Career?


A lifetime journey of building and
making good use of your skills,
knowledge and experiences
Influenced by:
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Family
Friends
Education
Work
Leisure Activities
© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 7
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
2.1.1.G1
Mind Mapping
Career
(Educator)
© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 8
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
2.1.1.G1
Mind Mapping
Career
(Educator)
Occupation
Occupation
(Math Teacher)
(Elementary Teacher)
© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 9
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
2.1.1.G1
Mind Mapping
Career
(Educator)
Occupation
Occupation
(Math Teacher)
(Elementary Teacher)
Job
Job
Job
Job
(Teacher Aid)
(Swim Coach)
(Play Ground Worker)
(maintenance staff)
© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 10
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
2.1.1.G1
Mind Mapping
Career
(Professional Athlete)
© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 11
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
2.1.1.G1
Mind Mapping
Career
(Professional Athlete)
Occupation
Occupation
(basketball player)
(football player)
© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 12
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
2.1.1.G1
Mind Mapping
Career
(Professional Athlete)
Occupation
Occupation
(Basketball Player)
(Football Player)
Job
Job
Job
Job
(Equipment Manager)
(Floor Sweeper)
(grounds keeper)
(maintenance staff)
© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 13
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
2.1.1.G1
Your Turn!
Career
Occupation
Job
Occupation
Job
Job
Job
© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 14
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
2.1.1.G1
A Day in the Life of Bill…

Carefully read the story about a typical
day in the life of Bill.

Use the information to answer the
questions that follow.

NOTICE: Don’t forget the Bonus
question on the bottom of the page!

Are there any questions?
© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 15
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
2.1.1.G1
Education Matters

Which education level has the opportunity to earn the highest
income?
Education Level
Type of Work
U.S. Average Income
(2007)
Not high school graduate
Job
$33,913
High school graduate
Job, occupation
$46,938
Associate degree
Job, occupation, career
$64,537
College degree
Job, occupation, career
$88,948
Graduate degree
Job, occupation, career
$115,179
© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 16
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
2.1.1.G1
Education vs. Income Tower
Activity


Goal: Build the tallest free-standing tower using only the given
supplies.
Challenge: Each group has a different education level with
certain skills/limitations.
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
High School dropout
High School graduate
Associate degree
College degree
Graduate degree
Solution: Work together and good luck!
© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 17
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
2.1.1.G1
Education vs. Income Tower
Activity Directions



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High School Dropout: Team members can use one hand only, the other must
be kept behind their back and all communication must be done nonverbally
to represent limited skills and education.
High School Graduate: Team members can use one hand only and the other
must be kept behind their back.
Associate degree: Team members have full use of their hands but all
communication must be done nonverbally.
College degree: Team members have full use of their hands and the team
must designate one person only who can talk. The others must communicate
nonverbally.
Graduate degree: Because these individuals have obtained the highest level of
education, they have no limitations when building a tower.
© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 18
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
2.1.1.G1
Education vs. Income Tower
Activity Discussion




Which group had to work the hardest to build the
tower? Why?
Why were some groups more successful than others?
How did the education level relate to the degree of the
assigned limitations?
How might a person get the “skills” needed for the
opportunity to have a career and earn a higher income?
© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 19
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
2.1.1.G1
Standard of Living

A standard of living is the minimum necessities
thought to be essential
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Need – essential items required for life
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Millionaire – fancy food, mansion, new car
College student – instant soup, small apartment, used car
Food, water, shelter
Want – unnecessary but desired items
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iPod, car, designer clothes
© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 20
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
2.1.1.G1
Well-being


The state of being happy, healthy, and prosperous
Impacted by:
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
How money is gained
Career choice
How money is spent
Personal financial choices can affect an individual or
entire family’s overall well-being
© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 21
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
2.1.1.G1
Think Ahead

Identify a desired standard of living at an early age to
determine:
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
Level of education needed
Type of job to have
Desired career path
Future needs and wants
Income level
What do you want to be when you grow up?
© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 22
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
2.1.1.G1
Fertilize your Future

Plan NOW for your desired standard of living…
OR

OR
Education helps a person reach their financial goals
© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 23
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona