PERSONAL FINANCE LITERACY
WORKSHOP
LEWISVILLE ISD
August 2, 2011
Mrs. Sally Adamson
Texas Council for Economic Education
PERSONAL FINANCE LITERACY
AGENDA:
 Registration forms
 Introductions
 Pre-test on Financial Literacy
 2011-12 Texas TEKS on PFL
 Resources available
 PowerPoint – videos, lesson demonstrations & activities
 Post-test & TCEE Opportunitites
 Reflections & Dismissal
PERSONAL FINANCE LITERACY
 Texas Revised TEKS for Social Studies will be
implemented in 2011-12 school year.
 PFL was first passed as a legal requirement for high
school about 5 years ago; now it is part of the Free
Enterprise TEKS required for graduation.
 In June, 2011, the Texas Legislature passed a new law
requiring that PFL be included in all math classes from
K – grade 8.
PERSONAL FINANCE LITERACY
 Resources available for PFL include:
 Virtual Economics V4 CD (Council for
Economic Education – formerly NCEE)
 Hands On Banking CD (Wells Fargo)
 Financing Your Future CD (Citigroup
Foundation & NCEE)
Why is K-12 financial education so
important?
 The lack of financial literacy is a national problem.
 Research suggests that learning about personal finance
at an early age is the key.
 Citizens need the knowledge to be able to make wellinformed, sound public policy decisions.
Why is K-12 financial education so
important
 Americans have approximately $1 trillion in revolving
credit card debt.
- half make the minimum monthly payment.
 Nationally, those under 25 are the fastestgrowing age group filing for personal bankruptcy.
Financing Your Future
Personal Finance Video Series on DVD
 Developed by NCEE
 Funded by the Citigroup Foundation
Financing Your Future
 Aimed primarily at High School Students
 Helps students develop sound financial life skills
 Illustrates how sound choices can
 Build financial success and
 Lead to a more satisfying life
Financing Your Future
 Aimed primarily at High School Students
 Helps students develop sound financial life skills
 Illustrates how sound choices can
 Build financial success and
 Lead to a more satisfying life
Financing Your Future
 The Teacher’s Guide includes
 15 lessons – 3 for each of the 5 videos
 Tables of Correlation with
 NCEE Economics Standards
 Jump$tart Personal Finance Standards,
 National Council of Teachers of
Mathematics Standards
 A glossary of terms
 Pre- & post-test questions for classroom use
Financing Your Future
 The first lesson for each video includes a short
true/false and a short activity
 The remaining two lessons feature role plays and
group work to develop content introduced in the
videos
 Lessons are in PDF format on the CD
Financing Your Future
 Video # 1 – “Get a Financial Life”
 Introduces basic vocabulary & key concepts
such as wealth building, savings and an
important rule- “spend less than you earn”.
 Watch video
 Do activities from Part 1
Financial Fitness for Life
 Produced by the Council on Economic Education in
partnership with Bank of America Charitable
Foundation
 The Second Edition came out in 2011, after more
than 10 years of success with the First Edition
 CEE’s mission is to prepare people worldwide to
make informed and responsible choices as
consumers, savers, investors, workers, citizens and
participants in our global economy.
Financial Fitness for Life
 CEE’s sixth Survey of the States 2009 shows that  The number of states requiring students to take a
personal finance course has risen from 1 in 1998 to
13 in 2009.
 44 states have content standards that include
personal finance education – an increase from 21 in
1998.
Financial Fitness for Life
 Teacher resources may be found at the
companion website –
http://fffl.councilforeconed.org/9-12
 Student workbooks & Teacher’s Guide books
are available in hard copy
 Complete workbooks are also available on
Virtual Economics V4 CD
Financial Fitness for Life
 Theme 1: The Economic Way of Thinking
 Theme 2: Earning Income
 Theme 3: Money Management
 Theme 4: Spending and Credit
 Theme 5: Savings and Investing
 Format  All content is introduced in a concise manner in both books
 The majority of learning is through activities
Financial Fitness for Life
 Work through Theme 3 – Money
Management activities
Financing Your Future
 Video #4 – “Get the Credit You Deserve”
 “This video aims to demystify credit and debt, showing
that smart credit decision-making can enable one to live
a more fulfilling life. Key concepts such as calculating
APR and understanding credit scores are discussed in
detail.”
 Watch video
 Do activities from Part 4 & “Scams & Schemes” from
FFFL
Hands On Banking
 Developed by Wells Fargo as a free public service
 Focused on “Money Skills for Life”
 CD is interactive and allows users to choose
content directed to their audience – Kids, Teens,
Young Adults or Adults
 CD comes in English and Spanish
 Also available online at www.handsonbanking.org
Hands On Banking
 Young Adults program deals with how to:
 Use credit responsibly
 Manage your own spending plan
 Afford higher education
 Search for a job
 Learn the steps to become financially
independent
Hands On Banking
 Walk through CD section on Banking
 Topic 1 – Basics of Banking Services –
discuss selected activities
 Handouts were printed from the
Teacher Resources on the website
PERSONAL FINANCE LITERACY
WORKSHOP
 Take Post-test
 TCEE Request Form - for teaching PFL, using
pre & post tests & submitting data to TCEE
for research that will support grants for
future educational resources ($50 stipend)
 TCEE Opportunities – online contests:
 Personal Finance Challenge
 Economic Challenge
 $100 drawing for teachers who participate
PERSONAL FINANCE LITERACY
WORKSHOP
 Reflections –
Why should we teach PFL?
Why is this important – to you?
Have you benefitted from this workshop?
Are you more confident that you can
implement successful PFL lessons with the
resources you are receiving today?
 Other thoughts & comments.
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PERSONAL FINANCE LITERACY
WORKSHOP
THANK YOU FOR ATTENDING AND
PARTICIPATING IN THIS WORKSHOP!
ENJOY THE REST OF YOUR SUMMER!