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NEFE High School NEFE High School Financial Planning ProgramFinancial Planning Program®®
TEACHER TRAINING TEACHER TRAINING PROGRAMPROGRAM
NEFE High School Financial Planning ProgramNEFE High School Financial Planning Program®®
ALL ACROSS THE NATION, ALL ACROSS THE NATION, FINANCIAL EDUCATION, FOR A FINANCIAL EDUCATION, FOR A
NEW GENERATION!NEW GENERATION!
• Launching of the NEW Launching of the NEW High School High School Financial Planning ProgramFinancial Planning Program Curriculum Curriculum March 12-15, 2007 in Denver, COMarch 12-15, 2007 in Denver, CO– 48 States in U.S. Represented by Cooperative 48 States in U.S. Represented by Cooperative
Extension System and the Credit Union Extension System and the Credit Union National AssociationNational Association
NEFE High School Financial Planning ProgramNEFE High School Financial Planning Program®®
About the HSFPPAbout the HSFPP• Basic money management curriculum.Basic money management curriculum.
• Gives teens what they need in order to Gives teens what they need in order to begin using the skills the program begin using the skills the program teachesteaches
• Offers opportunities for family and Offers opportunities for family and trusted financial professionals to play a trusted financial professionals to play a role.role.
NEFE High School Financial Planning ProgramNEFE High School Financial Planning Program®®
Why is this important for teens? Why is this important for teens? 1.1. Financial security in adulthood is Financial security in adulthood is
extremely important.extremely important.2.2. The high bankruptcy rate among The high bankruptcy rate among
young people.young people.3.3. High level of personal debt amongst High level of personal debt amongst
young people after HS.young people after HS.4.4. Lack of experience handling money.Lack of experience handling money.5.5. They don’t always learn about this at They don’t always learn about this at
home.home.
NEFE High School Financial Planning ProgramNEFE High School Financial Planning Program®®
Why do teens need this Why do teens need this nownow? ? • Many ‘guaranteed’ benefits adults use Many ‘guaranteed’ benefits adults use
to enjoy are being reduced or to enjoy are being reduced or eliminated.eliminated.
• Personal savings among adults have Personal savings among adults have never been lower.never been lower.
• There’s a need to get students out of a There’s a need to get students out of a debtor mentality and into a saving debtor mentality and into a saving state of mind.state of mind.
NEFE High School Financial Planning ProgramNEFE High School Financial Planning Program®®
HSFPP UnitsHSFPP Units• 1--1--Your Financial Plan:Your Financial Plan: Where it All Begins Where it All Begins
• 2--2--BudgetingBudgeting: Making the Most of Your $: Making the Most of Your $
• 3--3--Investing:Investing: Making Money Work for You Making Money Work for You
• 4--4--Good Debt, Bad Debt:Good Debt, Bad Debt: Using Credit Using Credit WiselyWisely
NEFE High School Financial Planning ProgramNEFE High School Financial Planning Program®®
HSFPP UnitsHSFPP Units
• 5--5--Your Money:Your Money: Keeping It Safe and Keeping It Safe and SecureSecure
• 6--6--Insurance:Insurance: Protecting What You Have Protecting What You Have
• 7--7--Your Career:Your Career: Doing What Matters Most Doing What Matters Most
NEFE High School Financial Planning ProgramNEFE High School Financial Planning Program®®
Program MaterialsProgram Materials
NEFE High School Financial Planning ProgramNEFE High School Financial Planning Program®®
Student GuideStudent Guide HSFPP HSFPP 20072007
• One copy per studentOne copy per student• Student keeps their Student keeps their
student guide when student guide when course is completedcourse is completed
• Order extras to Order extras to replace when lost.replace when lost.
• Tour the student Tour the student guideguide
NEFE High School Financial Planning ProgramNEFE High School Financial Planning Program®®
Instructor ManualInstructor Manual HSFPP HSFPP 20072007
• One copy per teacherOne copy per teacher• Has most of the Has most of the
instructional materialsinstructional materials• Tour the Instructor Tour the Instructor
ManualManual
NEFE High School Financial Planning ProgramNEFE High School Financial Planning Program®®
Data Disk with all Program MaterialsData Disk with all Program Materials
Take-HomeTake-HomeBrochureBrochure
ForForParentsParents
SpanishSpanishVersionVersion
ViaViaDownloadDownload
NEFE High School Financial Planning ProgramNEFE High School Financial Planning Program®®
CompleteCompletePresentation VisualsPresentation Visuals
InteractiveExcel Spreadsheets
PowerPoint or PDF Format
NEFE High School Financial Planning ProgramNEFE High School Financial Planning Program®®
Certificate of CompletionCertificate of Completion
One available for each book you orderOne available for each book you order
NEFE High School Financial Planning ProgramNEFE High School Financial Planning Program®®
Web SitesWeb SitesWeb ToolsWeb Tools
Web GamesWeb Games
NEFE High School Financial Planning ProgramNEFE High School Financial Planning Program®®
NEFE High School Financial Planning ProgramNEFE High School Financial Planning Program®®
NEFE High School Financial Planning ProgramNEFE High School Financial Planning Program®®
NEFE High School Financial Planning ProgramNEFE High School Financial Planning Program®®
NEFE High School Financial Planning ProgramNEFE High School Financial Planning Program®®
OnlineOnline TrainingTraining
NEFE High School Financial Planning ProgramNEFE High School Financial Planning Program®®
Online TrainingOnline Training
PresentationPresentationVisualsVisualsData DiskData Disk
Web Sites / Web Tools / Web GamesWeb Sites / Web Tools / Web Games
Student GuideStudent Guide Instructor ManualInstructor Manual
SpanishSpanishVersionVersion
Certificate ofCertificate ofCompletionCompletion
Take-HomeTake-HomeBrochureBrochure
NEFE High School Financial Planning ProgramNEFE High School Financial Planning Program®®
better prepare better prepare
learners to manage learners to manage
their personal their personal
finances finances
NEFE InstructorsNEFE Instructorsare trusted to . . .are trusted to . . .
NEFE High School Financial Planning ProgramNEFE High School Financial Planning Program®®
HSFPP designed to provide HSFPP designed to provide instructors resources to . . .instructors resources to . . .
• Deliver relevant, current financial curriculumDeliver relevant, current financial curriculum
• Clarify performance expectations for studentsClarify performance expectations for students
• Provide assessments that measure performance Provide assessments that measure performance
• Align performance expectations, assessments, Align performance expectations, assessments, and learning activities and learning activities
• Infuse state and national financial literacy Infuse state and national financial literacy standards standards
NEFE High School Financial Planning ProgramNEFE High School Financial Planning Program®®
Students know in advance what they are
expected to do to show competence
Students are required to show competence
Learning experience allows students to
develop competence with practice and feedback
Performance-Based LearningPerformance-Based Learning (PBL) (PBL)
NEFE High School Financial Planning ProgramNEFE High School Financial Planning Program®®
Each Unit organized around a Each Unit organized around a target target competencycompetency
major skill that the student will be able to major skill that the student will be able to do as a result of the learning experiencedo as a result of the learning experience
observable and measurable student observable and measurable student performanceperformance
NEFE High School Financial Planning ProgramNEFE High School Financial Planning Program®®
Unit Target CompetenciesUnit Target Competencies1: Create a personal financial plan1: Create a personal financial plan
2: Prepare a personal budget2: Prepare a personal budget
3: Propose a personal saving and investing plan3: Propose a personal saving and investing plan
4: Select strategies to use in handling credit and 4: Select strategies to use in handling credit and managing debtmanaging debt
5: Demonstrate how to use various financial services5: Demonstrate how to use various financial services
6: Create a personal insurance plan which will minimize 6: Create a personal insurance plan which will minimize your financial lossyour financial loss
7: Examine how a career choice and lifestyle affect your 7: Examine how a career choice and lifestyle affect your financial planfinancial plan
NEFE High School Financial Planning ProgramNEFE High School Financial Planning Program®®
Competencies supported by Competencies supported by learning objectiveslearning objectives
supporting facts, processes, principles, supporting facts, processes, principles, procedures, and concepts that will provide procedures, and concepts that will provide students with the skills, knowledge, or students with the skills, knowledge, or attitudes to achieve a competencyattitudes to achieve a competency
serve as benchmarks in each HSFPP unitserve as benchmarks in each HSFPP unit
NEFE High School Financial Planning ProgramNEFE High School Financial Planning Program®®
Unit 2 Learning ObjectivesUnit 2 Learning Objectives
Support competency: Support competency: Prepare a personal budgetPrepare a personal budget
• Examine personal spending habitsExamine personal spending habits
• Summarize the advantages of having a spending planSummarize the advantages of having a spending plan
• Identify various sources of incomeIdentify various sources of income
• Identify types of expensesIdentify types of expenses
• Explain the role of saving in creating a budgetExplain the role of saving in creating a budget
• Explain how to construct a budgetExplain how to construct a budget
• Examine forms of record-keeping involved with budgeting and Examine forms of record-keeping involved with budgeting and cash managementcash management
• Summarize how a budget will change throughout your life cycleSummarize how a budget will change throughout your life cycle
NEFE High School Financial Planning ProgramNEFE High School Financial Planning Program®®
Performance standardsPerformance standards specify specify satisfactory performance to satisfactory performance to demonstrate mastery of a demonstrate mastery of a competencycompetency
conditionsconditions in which the in which the performance will be assessedperformance will be assessed
criteriacriteria by which the by which the performance will be evaluatedperformance will be evaluated
NEFE High School Financial Planning ProgramNEFE High School Financial Planning Program®®
Unit 2 Performance StandardsUnit 2 Performance StandardsMeasure mastery of competency:Measure mastery of competency: Prepare a personal budgetPrepare a personal budget
Condition:Condition:• by creating a personal budget for a week or monthby creating a personal budget for a week or month
Performance will be satisfactory whenPerformance will be satisfactory when• Income is listed by sourceIncome is listed by source• Budget includes savingsBudget includes savings• Expenses are listed as fixed, variable, or periodicExpenses are listed as fixed, variable, or periodic• Budget is balanced so total income equals total expensesBudget is balanced so total income equals total expenses• Budget contains realistic data for your current situationBudget contains realistic data for your current situation• Budget includes label with title and dateBudget includes label with title and date• You indicate how the budget supports each of your personal financial You indicate how the budget supports each of your personal financial
goalsgoals
NEFE High School Financial Planning ProgramNEFE High School Financial Planning Program®®
Performance assessment tasksPerformance assessment tasks
Students complete criterion-referenced tasks to Students complete criterion-referenced tasks to demonstrate when they have mastered the demonstrate when they have mastered the competencies.competencies.
AssignmentsAssignments: opportunities for feedback: opportunities for feedback
AssessmentsAssessments: assess mastery of competencies: assess mastery of competencies
NEFE High School Financial Planning ProgramNEFE High School Financial Planning Program®®
Unit 2 PerformancesUnit 2 PerformancesAssignments:Assignments:
• Compare recent spending with the financial plan created in Unit 1Compare recent spending with the financial plan created in Unit 1
• Categorize recent expenses as fixed, variable, or periodicCategorize recent expenses as fixed, variable, or periodic
• Identify how much is needed to save each month or week to meet Identify how much is needed to save each month or week to meet financial goalsfinancial goals
• Outline a personal budgetOutline a personal budget
Assessment:Assessment:• Prepare a personal budgetPrepare a personal budget
NEFE High School Financial Planning ProgramNEFE High School Financial Planning Program®®
Assessment 2-1: My Personal Budget
Competency
Prepare a personal budget
Directions
Use what you have learned and practiced in Unit 2 to create your own personal budget.
Review your financial goals and preview the Scoring Guide to plan your activities t
o develop a personal
budget. Include the following information in your budget.
anticipated income, savings, and expenses for one week or month based on your current situation
an explanation of how the budget supports each of your personal financial goals
Required Assessment Criteria
Status
1. Income is listed by source
complete not complete
2. Budget includes savings (P.Y.F.)
complete not complete
3. Expenses are listed in appropriate categories: fixed, variable, or
periodic
complete not complete
4. Budget is balanced so total income equals total expenses
complete not complete
5. Budget contains realistic data for your current situation
complete not complete
6. Budget includes label with title and date
complete not complete
7. You indicate how the budget supports each of your personal
financial goals
complete not complete
8. [optional] Budget is prepared using spreadsheet software
complete not complete
Feedback:
Score ___________/50
Name ________________________
Date ________
Unit 2Unit 2PerformancePerformanceAssessment Assessment
TaskTask
Required criteria for satisfactory performance is detailed in scoring guide
DirectionsDirectionsfor studentfor student
NEFE High School Financial Planning ProgramNEFE High School Financial Planning Program®®
Tour the student materialsTour the student materials
Student GuideStudent Guide
Student Web SiteStudent Web Site
NEFE High School Financial Planning ProgramNEFE High School Financial Planning Program®®
Look at Training Module 2Look at Training Module 2Blue section – Training MaterialsBlue section – Training Materials
Work by yourself, with a partner or Work by yourself, with a partner or partners to complete Activity #7partners to complete Activity #7
NEFE High School Financial Planning ProgramNEFE High School Financial Planning Program®®
Check out the teacher resourcesCheck out the teacher resources
Instructor ManualInstructor ManualInstructor CD ResourcesInstructor CD Resources
Instructor Web SiteInstructor Web Site
NEFE High School Financial Planning ProgramNEFE High School Financial Planning Program®®
NEFE High School Financial Planning ProgramNEFE High School Financial Planning Program®®
NEFE High School Financial Planning ProgramNEFE High School Financial Planning Program®®
NEFE High School Financial Planning ProgramNEFE High School Financial Planning Program®®
NEFE High School Financial Planning ProgramNEFE High School Financial Planning Program®®
BACK
NEFE High School Financial Planning ProgramNEFE High School Financial Planning Program®®
BACK
NEFE High School Financial Planning ProgramNEFE High School Financial Planning Program®®
BACK
NEFE High School Financial Planning ProgramNEFE High School Financial Planning Program®®
NEFE High School Financial Planning ProgramNEFE High School Financial Planning Program®®
NEFE High School Financial Planning ProgramNEFE High School Financial Planning Program®®
INSPIREINSPIRE
INFORMINFORM
MENTORMENTOR
COACHCOACH
INQUIREINQUIRE
GATHERGATHERPROCESSPROCESS
APPLYAPPLY
TEACHERTEACHER
STUDENTSTUDENT
Four Phases of LearningFour Phases of Learning
NEFE High School Financial Planning ProgramNEFE High School Financial Planning Program®®
INQUIREINQUIRE
InstructorManual
NEFE High School Financial Planning ProgramNEFE High School Financial Planning Program®®
PROCESSPROCESSGATHERGATHER
GATHERGATHER
InstructorManual
NEFE High School Financial Planning ProgramNEFE High School Financial Planning Program®®
PROCESSPROCESS
GATHERGATHER
APPLYAPPLY
InstructorManual
NEFE High School Financial Planning ProgramNEFE High School Financial Planning Program®®
APPLYAPPLY
UnitUnitAssessmentAssessment
NEFE High School Financial Planning ProgramNEFE High School Financial Planning Program®®
Unit Sequence SchedulesUnit Sequence Schedules
Instructor ManualInstructor Manual
Appendix CAppendix C
NEFE High School Financial Planning ProgramNEFE High School Financial Planning Program®®
Other human resourcesOther human resources
NEFE High School Financial Planning ProgramNEFE High School Financial Planning Program®®
HSFPP curriculum aligned with HSFPP curriculum aligned with financial literacy standardsfinancial literacy standards
National Academic StandardsNational Academic Standards
Jump$tart Coalition for Personal Financial LiteracyJump$tart Coalition for Personal Financial Literacy
National Council on Economic EducationNational Council on Economic Education
National Standards for Business EducationNational Standards for Business Education
National Standards for Family & Consumer Sciences EducationNational Standards for Family & Consumer Sciences Education
National Council for Social Studies—EconomicsNational Council for Social Studies—Economics
Standards for the English Language ArtsStandards for the English Language Arts
Principles and Standards for School MathematicsPrinciples and Standards for School Mathematics
NEFE High School Financial Planning ProgramNEFE High School Financial Planning Program®®
Order Material OnlineOrder Material Online
NEFE High School Financial Planning ProgramNEFE High School Financial Planning Program®®
Making It HappenMaking It HappenWhat do you need to doWhat do you need to do to put the program in place? to put the program in place?
Work with your local Credit Union and/or Work with your local Credit Union and/or Junior Achievement to plan future teacher Junior Achievement to plan future teacher and credit union staff HSFPP Curriculum and credit union staff HSFPP Curriculum
trainings. trainings.
NEFE High School Financial Planning ProgramNEFE High School Financial Planning Program®®
Training Module 1Training Module 1Training Module 2Training Module 2Training Module 3Training Module 3Training Module 4Training Module 4
NEFE High School Financial Planning ProgramNEFE High School Financial Planning Program®®
Training ModulesTraining Modules
1 – Meet the Program (1 hr)1 – Meet the Program (1 hr)
2 – Use the IM materials (2-3+ hrs)2 – Use the IM materials (2-3+ hrs)
3 – Formulate plan to implement program3 – Formulate plan to implement program (1- 2 hrs) (1- 2 hrs)
4 – Formulate plan to train instructors and 4 – Formulate plan to train instructors and financial professionals (1-2 hrs)financial professionals (1-2 hrs)
NEFE High School Financial Planning ProgramNEFE High School Financial Planning Program®®
Potential Training AgendasPotential Training Agendas
1-2 Hour Orientation1-2 Hour Orientation Module 1 Module 1
1/2 Day Orientation 1/2 Day Orientation Modules 1, 3 or Modules 1, 2 Modules 1, 3 or Modules 1, 2
6-hr+ Teacher Training6-hr+ Teacher Training Modules 1, 2, 3 Modules 1, 2, 3
1- or 2-day Trainer Training1- or 2-day Trainer Training Modules 1, 2, 3, 4 Modules 1, 2, 3, 4
NEFE High School Financial Planning ProgramNEFE High School Financial Planning Program®®
Remember, bring life and Remember, bring life and meaning to NEFE’s new meaning to NEFE’s new
HSFPP Theme….HSFPP Theme….
““ALL ACROSS THE NATION, FINANCIAL ALL ACROSS THE NATION, FINANCIAL EDUCATION, FOR A NEW GENERATION!”EDUCATION, FOR A NEW GENERATION!”