6 The Budgetball Civic Engagement Initiative GOAL: To educate a
new generation of concerned and motivated young adults who possess
the knowledge, skills and determination to address complex fiscal
challenges.
Slide 7
Budgetball is a team sport that provides players an experience
in managing debt and savings. It is designed to increase
participants understanding of the national debt and the issues of
financial responsibility. Its educational, strategic, and FUN!
Slide 8
Something owed to someone else Amount owed by the federal
government of the US Money Goods Services Four broad categories of
national debt Budget deficit Savings deficit Trade deficit
Leadership deficit
Slide 9
Money management concept Stretch the importance of savings
Basics VS. Brand Names More spending on brand name products = less
spending for basic items Pay for the basics and give allowance for
everything else Wish-list budget One expensive item = Three lower
price items
Slide 10
Putting aside part of what you earn Emergency funds Piggy banks
Summer/part time jobs Spending more than what one produces Most of
the time all young people ever see adults do with money is spend
it!
Slide 11
Money United States owes to other countries Exports/Imports
LAST place Many goods are made abroad and shipped to US Game
Stop
Slide 12
Biggest challenge Many leaders know about financial crisis, yet
they lack courage to do anything about it War in Iraq Cost billions
of dollars $ value falls in the global market Our generation Retire
40-50 years from now Government will be able to pay Some Social
Security, Medicare and Medicate benefits. Other parts of federal
government will be closed and out of business.
Slide 13
Decisions made today will affect the health care and retirement
choices of young adults, as well as their parents and grandparents.
Most young adults dont even know the problem exists!!! Without
paradigm shift (young leaders), the entire federal budget will be
used by Medicare, Social Security and interest on the national debt
in about 20 years.
Slide 14
Why should students (age 11-25) need to know about Personal
Debt and Savings? Personally College graduates leave school with an
average $20,000 debt College grads who had at least one credit card
had an average of $4,138 in credit card debt in 2008, up 44% from
2004. It can take 12 years to pay off $1,000.
Slide 15
15 Budgetball Concepts Both debt and savings are important
financial tools Debt should be used responsibly Costs VS. Benefits
that it will generate in the short-term and the long-term Unpaid
debt will cost more and more over time interest payments Realistic
plan to pay back debt
Slide 16
Savings/surpluses permit future choices Saving money may
require sacrifices in the short-term Savings/surpluses can be used
to pay off future needs and debts Budgetball uses these concepts as
part of the sport and creates a new vocabulary to learn more
Slide 17
17 Budgetball Basics
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18
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Its an All Night Thing!
Slide 25
2:45-3:45 Pick participants/students up from the 6 Middle
Schools 3:30 -4:30 Registration/Meet with Team Coaches 5:00 - 6:30
Dinner and Workshops (Student Center Ballroom) Educational workshop
(45 minutes) Budgetball rules workshop (45 minutes) PARENT BANQUET:
Discussion about National /Local Financial Issues 7:00
PM-11:00Budgetball Tournament 11:00-11:30Assessment/Awards Ceremony
11:30 -1:00Swimming 1:00-1:45Pizza/Snacks
1:45-2:30Stepping/Dance/Budgetball Shout Contest 2:30-4:153 on 3
basketball Tournament / 5 on 5 Basketball Tournament
4:15-5:30Volleyball, Kickball, Racquetball, Dodge ball, Video Games
5:30-6:15 Scavenger Hunt Winners 6:15-30Snacks 6:30-7:00Best
Overnight Camper Award 7:00 AM-7:30Parents/Guardian Pick up
Students Middle School Budgetball Lock-In Schedule