msde financial literacy education update october 19, 2009

MSDE Financial Literacy Education Update

October 19, 2009

Our Goals This Morning –

• Become aware of MSDE Financial Literacy initiatives

• Identify financial literacy objectives currently in place in your curriculums

• Share ideas of how Wicomico County FACS teachers can be part of the near future changes

• Financial Literacy is the ability to use knowledge and skills to manage one’s financial resources effectively for lifetime financial security.

• By March 2010, MSDE plans to approve a curriculum and a mandate that every county must provide a comprehensive program for grades 3-12 to deliver this content.– Grades 3-5– Grades 6-8– Grades 9-12

• Each local system will decide how this is to be delivered• Advisory Groups include teachers, supervisors, business,

organizations, etc.– Wisconsin's’ Model Academic Standards for Financial

Literacy– Jumpstart Coalition

How Can Wicomico FACS Teachers Invest in Financial Literacy?

On Your Post-it:List how you already “uncover” financial literacy and decision

making in your courses.

Child Dev – calculate cost of caring for a baby

Let’s Discuss the Future

• What can or should we do more of?• What would our main goal be?• How would we measure success?• What do we need to be successful?• What are our strengths?• What are our weaknesses?• What opportunities do you see?• What do we think about a new stand alone course

for financial literacy?• What could hold us back?• ??

Bryan Would Like…

Strengths

Weaknesses

Opportunities

Threats

Financial Literacy and

Wicomico FACS

Please record your ideas from our discussion. These will used to convey our insights to Brian. Include your opinions even if

they are not shared by the whole group, but please share!

S

W

O T

Financial Literacy and

Wicomico FACS

Resources

• Family Economics and Financial Education – www.fefe.arizona.edu

• Jumpstart - http://www.jumpstart.org/realitycheck/pgv_money_rc_main.html

• http://www.pueblo.gsa.gov/cic_text/money/66ways/index.html

• What Young Adults Need to Know About Money

• Cooperative Extension– Megan Oneil – Haight oneil@umd.edu – National Endowment for Financial Educatio

n– http://hsfpp.nefe.org/students/index2.cfm?

deptid=15

• Maryland Coalition for Financial Literacy