2.1.1.G1 © Family Economics & Financial Education – Revised April 2008 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? Funded by

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© Family Economics & Financial Education – Revised April 2008 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees?

Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

September 15, 2014

Entry task: What were some of the challenges that Morgan dealt with when he was “Living on Minimum Wage”

Target: Identify why education matters.

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“Living on Minimum Wage”

Warmth Taking the bus/walking Movie theater, buns, spending money Relationship issue (divorce) Health insurance, medical issues

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February 5, 2015

Entry task: What are your post high school plans? Does it involve education or training?

Target: Identify why education matters.

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Does Money Grow on Trees?

Value of a Job & Earning Power

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Your Future

How do you see your future? Close your eyes

– How much money do you have?– Where do you live?– What does your house look like? Family?

Vacation? Draw a small picture on your entry task to

represent your future and your values.

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Where does Money come from?

Working

Gifts

Allowance

Bonus

Interest

Fundraising

Scholarships

Borrowing

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A Look from the Treetop

In this lesson we will learn:– Why People Work– Value of a Job/Career– Relationship between Education Level and

Income– Standard of Living– Identify Needs and Wants– Aspects of Well-Being– Planning for the Future

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Why Do People Work?

To feel personal satisfaction

To improve their skills

To earn money

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What is a Job?

Specific position in which a person is employed or works as– Paid or unpaid– Entry Level, Intermediate, Middle Management,

Upper Management, Executive– In order to get Job you need to take First Steps

Examples:– Lawn mower at Community Golf Course– Secretary at ABC Law Firm

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First Steps

First steps to getting a job might include…– Taking specific classes– Trainings and Certification– Volunteer work– Internship (Paid or unpaid)– Self directed work (i.e. Babysitting for a neighbor) – Entry level job (Grocery store bagger at Safeway)

When taking your first steps be mindful of where you would like to go in your future (Think goals, dreams…)

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What is an Occupation?

A wide category of jobs with similar characteristics – Line of Work– Ex: Teacher, Healthcare Provider

You can work different jobs within the same occupation

What other jobs fall under the occupation or “umbrella” of a teacher?

Job

Job

Job Jo

b

Job

Teacher

Youth Group Leader

High

School

Teacher

School Career Counselor

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What is a Career?

A lifetime journey of building and making good use of your skills, knowledge and experiences

Your body of work– Ex: Being a FCS teacher is one

part of Ms. Kissel’s career in education

Influenced by:– Family - Work – Friends - Leisure Activities – Education

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Mind Mapping

Career(Educator)

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Mind Mapping

Career(Educator)

Occupation

(Teacher) Occupation

(School Administrator)

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Mind Mapping

Job(Math Teacher) Job

(Elementary Teacher)

Job(School Principal)

Job(Dean of

Students)

Career(Educator)

Occupation



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Mind Mapping

Career(Educator)

Occupation



Job(Math Teacher) Job

(Elementary Teacher)

Job(School Principal)

Job(Dean of

Students)

First Steps(Math Tutor

for Kids) First Steps(Work in daycare)

First Steps(Leadership

Class)

First Steps(Volunteer)

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Mind Mapping

Career(Animal Wellness)

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Mind Mapping


Occupation

(Animal Therapy) Occupation

(Vet)

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Mind Mapping

Job(Animal Chiropractor

)Job

(Dog Trainer)

Job(Vet Tech)

Job(Dog Groomer)


Occupation


(Vet)

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Job(Animal Chiropractor

)Job

(Dog Trainer)

Job(Vet Tech)

Job(Dog Groomer)


Occupation


(Vet)

First Steps(Dog Walker) First Steps

(Cashier at Pet Store)

First Steps(Pet Sitter)

First Steps(Volunteer at

Humane Society)

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Your Turn!

JobJob

Job Job

Career

Occupation

Occupation

First Steps

First Steps

First Steps First Steps

Specific Position

Broad Category of Jobs

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Education Matters

Which education level has the opportunity to earn the highest income?

Education Level Type of WorkU.S. Average

Income (2011)

Not high school graduate

Job $25,100

High school graduate

Job, occupation $35,400

Associate degreeJob, occupation,

career$44,800

College degreeJob, occupation,

career$56,500

Graduate degreeJob, occupation,

career$91,000

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Standard of Living

A standard of living is the minimum necessities thought to be essential – Millionaire – fancy food, mansion, new car– College student – instant soup, small

apartment, used car Need – essential items required for life

– Food, water, shelter Want – unnecessary but desired items

– iPod, car, designer clothes

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Well-being

The state of being happy, healthy, and prosperous

Impacted by:– How money is gained– Career choice– How money is spent

Personal financial choices can affect an individual or entire family’s overall well-being

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Think Ahead

Identify a desired standard of living at an early age to determine:– 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?

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Fertilize your Future

Plan NOW for your desired standard of living…

Education helps a person reach their financial goals

OR OR

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“Living on Minimum Wage”

Warmth Taking the bus/walking Movie theater, buns, spending money Relationship issue (divorce) Health insurance, medical issues

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US Department of Labor

Unemployment rate in 2006

Education attained

Median weekly earnings in 2006

Median yearly earnings in 2006

(Percent) (Dollars)

1.4 Doctoral degree $1,441 $74,932

1.7 Master's degree 1,140 59,280

2.3 Bachelor's degree 962 50,024

3 Associate degree 721 37,492

3.9Some college, no

degree 674 35,048

4.3High-school

graduate 595 30,940

6.8Less than a high school diploma 419 21,788

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Bureau of Labor Statistics

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February 14, 2012

Entry task: What is a career? What is the difference between a career and a job? Give examples.

Target: Identify why education and training matter.

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Straw Tower Activity

Goal: Build the tallest free-standing straw tower using only small straws and masking tape.

Challenge: Each group has a different education level with certain skills/limitations.– High School dropout– High School graduate– Associate degree– College degree– Graduate degree

Solution: Work together and good luck!

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Straw Tower Discussion

Which group had to work the hardest to build the balloon 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?

Documents

2.1.1.G1 © Family Economics & Financial Education – Revised April 2008 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? Funded by