Making it Personal
Financial Literacy
Andrea Neff, National Sales Consultant
Session Outline
1. Why teach Personal Financial
Literacy?
2. Personal Financial Literacy covers
what topics?
3. How to teach Personal Financial
Literacy
4. Use of Instructional Materials and
Resources
Why Teach Personal Financial Literacy?
“Financial literacy is essential…to the economic
health of our nation…Ensuring that young people
have the skills they need to make wise financial
choices… will help us build a stronger…future…We
also know that a lack of financial literacy is a major
roadblock on the path of college access and
success for too many students.”
(Treasury Secretary Tim Geithner, September 2010.)
What does this mean for your students?
Teenage Spending
The average teenager spends
approximately $5,400 each year
(National Endowment for Financial
Education).
Collectively, teenagers spend more than
$172 billion annually – that’s billion!
Today’s high school graduate will earn
over $1 million in adulthood.
When students go out on their own…
 Health Insurance
 Get Creditworthy
 Budget Online
 Invest
 Live Small
Should Your Teen Have a
Credit Card?
1. If you put $1,000 on a credit card and only pay the minimum (2.5 percent) each month
at a 21% interest rate, how long will it take you to pay it off?
a. Five months
b. Three years
c. 16 years
2. If you put $1,000 on a credit card and only pay the minimum (2.5 percent) each month
at a 21% interest rate, how much will you have paid in interest alone?
a. $432
b. $1,000
c. $1,694
Suze Orman
3. If you are late on a credit card payment, go over your
credit limit or miss a payment, which of these are possible?
a. You will not be able to rent an apartment.
b. You will not get hired for a job.
c. You will not be able to get a cell phone or a student loan.
d. All of the above
Topics that need to be covered with our teens…
 Saving and Investing
-How to research, buy, and sell investments
 Risk Management
-Decision-Making skills
 Spending and Credit
-Buying wisely, pitfalls of credit, overspending
 Understanding Income
-Career planning, income sources, taxes, inflation, etc.
 Money Management
-Personal financial planning, budgeting, checking
accounts, and insurance
2009 Survey…
Council for Economic Education - December 3, 2009
Personal Finance Course
Graduation Requirement
 Arkansas
 Georgia
 Idaho
 Illinois
 Louisiana
 Maryland
 New Jersey
 New York
 Oklahoma
 South Dakota
 Tennessee
 Utah
 Virginia
New Mexico and Mississippi –
required to offer Personal Finance
Personal Financial Literacy Standards
Jump$tart Coalition Standards for Personal Financial Literacy
CORE COMPETENCIES:
• Financial Responsibility and Decision Making
• Income and Careers
• Planning and Money Management
• Credit and Debt
• Risk Management and Insurance
 Saving and Investing
http://www.jumpstart.org/national-standards.html
What topics should Personal
Finance Curriculum cover?
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•
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•
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Income/Career Planning
Financial Decisions and Planning
Banking
Credit
Saving
Investing
Taxes
Grade Levels, Students,
Course Length
 Grade Levels
• General Curriculum: 9th or 10th grade
• Business Elective: depends on district
 Students
• Basic Levels: 9th or 10th graders; are not necessarily
ready to pursue business as a major
• Advanced Levels: 11th or 12th grade; may have
already decided to pursue a business degree
 Course Length
• Semester-long
• Year-long
Managing Your Personal Finances, 6e
• Our best-selling finance title
• Full year comprehensive approach
• 11th & 12th grades – for higher level
business course
• Great for future business or finance majors
• In-depth exploration of finance topics from a business
perspective
• Covers personal finance and life-long financial
planning
• Most often used for business elective courses
Economic Education for Consumers, 4e
• Full year comprehensive approach
• Suitable for 9th & 10th grades – intended
for lower level business course
• Provides broad coverage of personal
finance topics
• Covers consumer spending and wise purchasing
• Provides a business and personal focus for finance
topics
• Can be used as part of general curriculum,
but is intended for a business elective class
Personal Financial Literacy, 2e
• Suitable for one semester
• Intended for 9th and 10th grade students
• Meets the needs of Financial Literacy
as a graduation requirement
• Intended for general curriculum
• Uses a personal focus on financial information
• Offers information on personal income, money
management, spending, credit, and saving
Text Title
Course
Length
Grade
Levels
Covers
Managing Your Personal
Finances
Ryan, 6e
Full year
11 and 12
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•
Economic Education for
Consumers
Miller and Stanford, 4e
Full year
9 and 10
• Consumer spending
• Broader coverage of finance
topics
• Wise purchasing
• Money management
• Lower achieving students
• Popular with Family and
Consumer Science teachers
Personal Financial Literacy
Ryan, 2e
One
semester
9 and 10
• Meets general ed. requirement
• Broad coverage of finance topics
• Personal focus
• Income, money management,
spending and credit, saving
Personal finance
Deep coverage of finance topics
Life-long financial planning
Intended as Business elective
High achieving students
Online Resources
NEFE www.nefe.org
National Endowment for Financial
Education
NAF
www.naf.org
National Academy Foundations (of Finance)
CEE
www.ncee.net
Council for Economic Education (national)
NBEA www.nbea.org
National Business Education Association
Many other online resources…
 http://moneycentral.msn.com/home.asp
 http://finance.yahoo.com/banking-budgeting
 www.bankrate.com
 www.federalreserveeducation.org
 www.ffltx.org
 www.feedthepig.org
 www.consumerjungle.org
 www.moneyskills.org
 www.practicalmoneyskills.com
Using Free Resources
• Who created the resource? What education credentials
do they have?
• What is the main purpose of these websites?
• Is the content based on curriculum standards? Will it
help you meet these for your state? Is there a scope and
sequence?
• Will you have to create your own materials to teach this
content? Do you have time to do this?
Using Free Resources
• Is there any training or professional development
available with this content?
• How will you assess students using the free resource?
• How will your students practice and apply this
content?
• How will your students connect this content with other
academic subjects (integrated curriculum)?
Managing Your Personal Finances, 6e
Instructional Resources
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Annotated Instructor’s Edition
Student Activity Guide
Student Printed Tests
Ebook
ExamView® CD
Instructor’s Resource CD
• lesson plans/outlines
• instructor’s resource manual
• teaching tools
• PowerPoint™ presentations
• Spanish Glossary
• Instructor’s Edition of Printed Tests
• Instructor’s Edition of Student Activity Guide
Economic Education for Consumers, 4e
Instructional Resources
•
•
•
•
•
•
Instructor’s Wraparound Edition
Instructor’s Resource CD
Student Workbook
ExamView ®
Ebook
Instructor’s Resource Kit
• Instructor’s Edition Workbook
• Teaching Economics Book
• Reteach and Enrich Activity Masters
• Business Math, Communications, and Ethics Activity Masters
• Alternative Assessment
• Spanish Resources
• Learning Styles
• Using Technology
Personal Financial Literacy, 2e
Instructional Resources
•
•
•
•
•
•
Annotated Instructor’s Edition
Student Workbook
Ebook
ExamView®
Instructor’s Resource CD
Spanish Resources
• Spanish Glossary
• Student Workbook
Where do we start?
 Personal experience - use as catalyst
 Standards and Competencies
 NBEA
 State
 Local District
 Jump$tart
 Cross-curricular applications
 Local parental and business partnerships
 Guest Speakers
 Web resources
 Articles
Take a closer look
at our Texts
for Personal Finance
Managing Your Personal
Finances, 6e
 Author: Joan Ryan
 Copyright 2010
 ISBN 978-0-5384-4937-3
Overview
Informs students of their various financial
responsibilities
Chapters that not only inform but increase
self-awareness and career readiness
Written specifically for high school
students
New ways to maximize earning potential
Strategies to manage resources
Skills for the wise use of credit and
investing money
Features
 Alignment with National
Programs
 Jump$tart Coalition
 National Academy Foundation
 NBEA standards for Personal
Finance
 Students become active
participants in the
business world as




Citizens
Students
Family members
Consumers
 Reinforcement and
extension in every
chapter:




Planning a Career in
Math Minute
Net Notes
Unit Projects
 Life Span Plan Project
Features
 Goals at the beginning
of each lesson clearly
state the learning
objectives
 Key Terms within the
Lesson are identified
with page references
 Global View features
show international
connections relevant
to personal finance
Features
 Communication
Connection offers
speaking and writing
activities related to the
chapter content.
 Math Minute offers a
review and practice in
basic math skills linked
to the chapter topics.
 View Points provide
opportunities for
students to think
critically about issues
that have no clear-cut
answers.
Features
 Issues in Your
World enriches
students’
knowledge by
acquainting them
with the real-world
issues.
 Planning a Career
in… provides
robust career
information related
to the chapter topic
and it incorporates
the Career
Clusters.
Features
 Lesson and Chapter
Assessments give students
the opportunity to tie their
learning together and dig
deeper into the issues.








Key Terms Review
Check Your Understanding
Apply Your Knowledge
Think Critically
Chapter Summary
Apply What You Know
Make Academic Connections
Solve Problems and Explore
Issues
 Extend Your Learning
Features
 End-of-Unit Cases
profile real people
and describe how
they applied the skills
presented in this text
to their own lives.
 End-of-Unit Projects
give students handson practice applying
and extending what
they have learned in
each Unit.
Instructor Resources
 Annotated Instructor’s Edition 
 Instructor's Resource CD 
 Lesson plans and outlines
 Instructor’s resource
manual
 Teaching tools
 PowerPoint presentations
 Spanish Glossary
 Instructor’s Edition of
printed tests
 Instructor’s Edition of
Student Activity Guide
 Instructor Companion
Website
 ExamView
Printed Tests
IMPACT CD-ROM
 Animated graphs and
figures illustrate key
concepts
 Definition of terms are
reinforced
 Hot Links to relevant
websites
 Forms to complete and
send via email to
instructor
Instructor’s Companion Website
Personal Financial
Literacy, 2e
Author: Joan Ryan
Copyright 2010
Pub Date: January 2011
ISBN: 9780538449373
Personal Financial Literacy, 2e
Three to Know
• One-semester course
• Fulfills financial literacy
graduation requirement
• Perfect for all 9th and 10th
grade students
Ch. 1:
Ch. 2:
Ch. 3:
Ch. 4:
Ch. 5:
Ch. 6:
How Your Choices Affect Income
Income, Benefits, & Taxes
Your Purchasing Power
Financial Decisions & Planning
The Banking System
Personal Risk Management
Ch 7: Buying Decisions
Ch 8: Preserving Your Credit
Ch 9: Credit Problems and Laws
Ch 10: Basics of Saving & Investing
Ch 11: Saving & Investing Options
Ch 12: Buying & Selling Investments
NEW Concepts covered in this
edition
Job search skills/online job applications
Interviewing techniques
Preparing resumes and cover letters
Benefits/challenges of entrepreneurship
Consumer rights and responsibilities in
marketplace
Charitable giving/philanthropy
Health care providers, services, fraud
Simple/compound interest
New to This Edition
• All features now include a question or activity for
application
• Sharpen Your 21st Century Entrepreneurial Skills feature
incorporates the framework for 21st Century Learning
• Exploring Careers has a new focus to link content more
closely to the 16 career clusters
• Net Bookmark — a short feature that provides chapterrelated activities for online research
• Take Action — an course-long project provides
opportunity to synthesize concepts
Features
Building
Communication Skills
feature focuses on
crucial soft skills that are
necessary in today’s
competitive
environment.
(listening,
reading,
speaking, writing)
Features
Focus On…feature highlights specific
topics related to chapter content and
supports students’ participation in student
organizations.
Features
Success Skills
… feature
provides
information to
help students be
successful in
school, work
and personal
activities.
Net
Bookmark
Feature
provides
opportunities
for students to
use the most
current,
relevant
information
through online
research
Features
Exploring
Careers
in….feature
presents specific
information about
careers in the
areas identified by
the US Dept. of
Education as the
16 Career
Clusters
Feature
Take Action
feature provides
students with an
opportunity to
synthesize the
concepts by
participating in
an ongoing
project
throughout the
chapter.
End of Lesson Assessment
Key terms review
helps students
understand and
apply key lesson
terminology
Check your
understanding
ensures student
comprehension
End of Chapter Assessment
Summary provides and concise wrap-up of chapter topics.
Making Academic Connection relates chapter concepts to the “four
core” curriculum areas
Personal Financial Literacy, 2e
Instructional Resources
•
•
•
•
•
•
Annotated Instructor’s Edition
Student Workbook
Ebook
ExamView® Test Generator
Instructor’s Resource CD
Spanish Resources
• Spanish Glossary
• Guided Practice CD
(workbook activities in Spanish and teachers can just print them off the CD)
Free Companion Website
Personal Financial Literacy, 2e
 Author: Joan Ryan
 Copyright 2010
 Pub Date: January 2011
Economic Education for
Consumers, 4e
 Author: Miller and
Stafford
 Copyright 2010
 ISBN 978-0-5384-4888-8
Bring Economics to life!
Focus on consumer spending and
making wise purchasing decisions
Bright, new design
Updated information on important
changes in technology, banking, and taxes
Content aligned with Jump$tart coalition
National Standards for Personal Financial
Literacy
Valuable and Relevant Content
 Extensive coverage is
given to planning for
college, retirement,
saving, loans, online
shopping, and
banking.
Real-world Applications
Life-Span Plan Project
Links all aspects of personal finance to
the students’ lives!
Maintain Student Interest
Consumer Action
Consumer Alert
Vote Your Wallet
Math Money
NetBookmark
In Class Activity
Student Resources
 Workbook
Key Terms Review
Concepts Review
Critical Thinking
Consumer Applications
Make Decisions
 Companion Website
Instructor Resources




Companion Website
Instructor’s Wraparound Edition
ExamView
Instructor Resource Box
 Workbook solutions
 Printed Test bank
 Reteach and Enrichment Activities
 Alternative Assessments
 Test Preparation and Study Skills
Instructor Resource CD
PowerPoint Presentation
What your students learn in this book
will have a direct impact on their life
today and throughout their future!!
Other products available…
Session Outline
 Why teach Personal Financial
Literacy?
 Personal Financial Literacy covers
what topics?
 How to teach Personal Financial
Literacy
 Use of Instructional Materials and
Resources
For live or recorded webinars and training sessions, visit our
TeamUP Training & Services website!
www.cengage.com/school/teamup/
http://www.cengagesites.com/academic/?site=5266
Questions?
Andrea Neff
National Sales Consultant
Andrea.neff@cengage.com