Welcome to DKG and TCEE Financial Literacy Workshop.
Please help yourself to coffee.
Please complete the registration form while we wait.
Please tweet and acknowledge our sponsors: SF and PCB.
Thank you for being here! Thanks to:
Mu Sigma Chapter

What Role Does Texas Council on Economic Education Play?
The Texas Council on Economic Education (TCEE)
Teaches Teachers
Who Teach Students
Who Are the Future of Texas
--John Anderson, TCEE Board Member

This workshop and the accompanying materials are made available to teachers through the generous support of
State Farm, PlainsCapital Bank,
Delta Kappa Gamma/Mu Sigma Chapter and the Texas Council on Economic Education.

Annually: 2200 Educators and 2.3 million students
P l a y f u l E c o n o m i c s
• Economics
• Entrepreneurship
• Career/Business
• Financial Literacy

Jean Walker, MBA
West TX A&M
Cheryl McGaughey, MBA
Angelo State U
Alberto Davila, Ph.D.
UT Pan Am
Catherine Rinhart
Program Director
Debbie Mackey
Stock Market Game™
Director
Leonie Karkoviata
Stock Market Game™
Coordinator
David Pruitt
Stock Market Game™
Consultant
TCEE Center Directors and Staff Provide Training
All Over The Great State of Texas In
After School Programs,
Personal Financial Literacy (PFL), Math PFL
Social Studies Economics Strand,
Career/CTE, Entrepreneurship, Economics, Free
Enterprise System, Paying for College
Steve Cobb, Ph.D.
University North TX
Susan Doty, MBA
UT Tyler
Nancy Shepherd, Ph.D.
Stephen F. Austin
State University
Laura Ewing
TCEE President
Cherry Frye
Office Manager
Allen Reding
Web Manager
Cindy Manzano
Smarter Texas Director
Valerie Johse
Smarter Texas Consultant

TCEE 2015 Summer Conference:
• Hotel Contessa, San Antonio Riverwalk
• June 18-19, 2015
• Audience:
K to 12 Math PFL Teachers
K to 12 Economics Strand
Social Studies
Secondary CTE
Economics Teachers
• $175 covers registration,
36 sessions, over $200 in materials, the new VE4.5 with 1400 lessons, 4 meals, reception

Stock Market Game™
Economics Challenge
Personal Financial Literacy (PFL) Challenge

Research indicates improved math scores on standardized tests
10 week simulation
Grades 4 through 12
Teams of 2 to 5 students
Virtual $100,000 to invest
20,000 Texas students participate annually
Legislative & Capitol Hill
Challenges
$10 team fees
Greenhill School parents thank TCEE.

Open to students participating in the
Stock Market Game™
Elementary, Middle and High School Competition
Cash prizes from Texas
Greenhill High School National Winner visited Wall Street
First and 9 th Place National Winners From Texas in 2014

Fall and Spring Online
Testing In Micro, Macro and International
Economics
Bellaire HS placed FIRST in the Nation in the
Economics Challenge 2014
Funding provided by State
Farm

• Teams of 4 compete in online test for state finals
• Winning state team and teacher win cash
• First place state team attends regional and national finals at St. Louis
Federal Reserve Bank
• Funded by State Farm
• Bellaire HS Placed 5 th in
Nation in 2014

• Academic achievement – educational savings account ownership is associated with higher scores on math achievement tests
• Improved college aspirations – children with
< $500 in savings for college are 3X more likely to attend and 4X more likely to graduate from college
• Financial health - students with a savings account
7 years later were 2X more likely to have a savings account and 4X more likely to own stocks

How Do You Get These Materials?
www.economicstexas.org
www.Smartertexas.org

Online economics and financial literacy lessons
Gen I Revolution teaches financial literacy through problem solving
14

Select Grade Band
Select either
Browse Economics
Concepts
Or
Browse Economics
Lessons

Selected lesson

• Published by RAISE Texas
• Parent and Student Guides Written by TCEE
• Download Book And Guides at http://economicstexas.org/?page_id=5703

Visit resources:
• Economics texas.org
• Smartertexas.org

– Lessons for grades 2-3 funded by
– Lessons for grades K-1 & 4-6 funded by
– Lessons for grades 7-8 funded by www.smartertexas.org
under Resource tab
19

After School Program for Elementary School
Students in Personal Finance and Economics
20

A FINANCIAL LITERACY PROGRAM SPONSORED BY
Helping young people learn to think, choose, and make better economic and financial choices in a global economy www.economicstexas.org
www.smartertexas.org

501(c)3 Texas wide nonprofit
1801 Allen Parkway, Houston, TX 77019 tcee@economicstexas.org
www.economicstexas.org
* www.smartertexas.org
P: 713.655.1650
Presenter: Laura Ewing/President

The TCEE programs are made possible by the following TCEE partners.
Trout
Foundation copyDR.
EnviroChem
Services, Inc.
John Anderson
Less B. Fox
RBC Wealth Management

Board of Directors
John Ivie - Chair
Basden & Ivie, PC
Anthony Daddino
Thomas Fleissner
Meadows, Collier, LLP
President and CEO
Andrew DeLauro
Senior Vice President/Area Director
For Houston/Bryan/College Station
Citibank
Houston Information Team, LLC
Patricia Hardy
State Board of Education, Member District 11
Weatherford ISD
Laura Jaramillo
Senior Vice President
Wells Fargo
Government & Community Relations Group
Edmund P. Segner III
Professor/Civil & Environmental
Engineering
Rice University
Robert Smith III
President
Texas A&M University Galveston
Marcus McCue
Executive Vice President
Guardian Mortgage Co., Inc
Dawn Moeder
Assurance Services Partner
Lane Gorman Trubitt, LLP
Pete Villarreal
EVP, Chief Administrative Officer
PlainsCapital Bank
James Cooper - ex officio
James C. Cooper, Inc.
Aaron Gladstone
Associate
Hilltop Holdings Inc.
Wayne Goettsche
WKG Consult
Donna Normandin
Senior Vice President
Frost Bank
Rob Pivnick
Vice President
Goldman, Sachs & Co.
John Anderson- Director Emeritus
Anderson Investments
Carol J. Trout - Director Emeritus
Trout Foundation

1801 Allen Parkway,
Houston, TX 77019
P: 713.655.1650
F: 713.655.1655
www.economicstexas.org
**** WWW.smartertexas.org
Helping young people learn to think, choose and make better economic decisions.

• Source: Financial Fitness for Life, Grades 9-12

• Engage
How do you define the term “credit?”
How do you define the term “debt?”

“Hey, it’s only plastic! Lets go for it”

Fourth Quarter 2014 Report
Aggregate household debt balances increased in the fourth quarter of 2014. As of
December 31, 2014, total household indebtedness was $11.83 trillion, up by $117 billion (1.0 percent) from the third quarter.
Overall household debt still remains 6.7 percent below its third quarter of 2008 peak of $12.68 trillion.
What is the significance of the statement above?

• Character:
Will applicant repay loan?
What does his/her credit history say?
• Capacity
Does the person have enough income to pay debts?
• Collateral
Will the loan be secured or guaranteed if the borrower defaults on the loan?

• Think:
– Read “What Is Credit” and highlight the main points.
– Answer the questions that correspond with the reading.
• Pair:
– Discuss the answers with two other students.
• Share:
– The class will share the answers.

• To borrow or not borrow: that is the question.
• Advantages:
– Acquire assets
– Obtain goods and services need and want
– Helps in an emergency
• Disadvantages
– Run up debts cannot repay
– College student aggregate debt over $1 trillion and average personal debt $29,400 by Dec. 2013

• Hold money
• May pay interest to use money deposited
• Lenders recoup loan plus interest
• Borrowers make purchases not available otherwise

• Using Common Forms of Credit, answer these questions in complete sentences:
– What are the advantages of home loans and college loans compared to credit card and personal loans?
– What are the disadvantages of credit cards and college loans?

• What is an advantage of using credit?
• What is a disadvantage of using credit?
• Who gains from credit transactions and how do they gain?

• You are 30 years old and have a nice job. What do you plan on earning at that age? ____________
• You are determining your purchases and investments. Make a plan as to what you will do about each of the following and explain why.
Type of Credit What Will You Do And Why?
Home Mortgage
Car Loans
College Loans
Personal Loans
Credit Cards

• Using the chart, “What Will You Do?” to help guide you in writing an essay. You will need introductory and concluding paragraphs. The body paragraphs need to address these points:
• How will you use credit over the next 10 years?
• What do you plan to buy?
• What institutions will you use to make your purchases and why?
• What advantages will there be in using credit?
• What disadvantages will there be in using credit?

• Identify one example of each of the four types of financial institutions listed in the chart on page 88. Find examples of each type in your community or on the Internet. Work with three other students to each contact one of these to determine the answers. It is important to ask what the annual percentage rate (APR) is. Share your answers with your team, and each records the answers while listening.