Financial Beginnings ~ Financial Footings
The Financial Footings program provides youth an introduction to the world of personal finance. The elementary program is a full service program in which Financial Beginnings provides all of the materials and presenters at no cost to schools or participants. Students are provided with a student workbook to use during sessions and take home with them to continue the lessons. Professionals who work in the financial industry volunteer their time to teach the lessons. These presenters can truly connect with youth by delivering an engaging and relevant program. This free program covers four important topics listed below in a four-hour program, usually broken into 4 one-hour sessions, which can be scheduled to fit each teacher's needs. In addition to financial education, the students are left with a message of responsibility, and a solid footing for a bright financial future.
What we provide
We provide all students with a copy of the curriculum, and all necessary supplemental materials, which will be sent to the school directly, prior to the program. It is our job to make teachers' work easier; we handle all the
details and offer a program that enhances the standards-based math and life-skills teachers are already teaching.
For more information, Contact Us!
The introductory lesson can be taught in a period between 1-2 hours. The introduction walks students through the evolution of currency and the economy. Students then learn about the circular flow of money and how personal and economic situations can affect the flow of money. After providing a foundational knowledge for students, the educator can then utilize scenario cards to apply the information learned to the circular flow of money chart.
- Interest Rates
- Supply & Demand
- Debt & Default
- and More!
Financial Beginnings ~ Financial Foundations
The Financial Foundations program is designed for high school students and
young adults. Financial Beginnings provides the program for free to
Banking is important to understand because participation in banking services is typically one’s first exposure to the financial world. Most often we depend on banks and credit unions to safeguard our money so it is helpful to understand what they are doing with our money and how keeping our money in a bank or credit union can be beneficial. In this section we introduce financial institutions, how they work and how students can utilize them in managing their money.
- Be able to explain the difference between banks and credit unions
- Understand how to choose the right bank or credit union for you
- Understand the benefits and services that financial institutions provide
- Understand how to avoid banking fees
- Learn how to calculate the different types of interest
Budgeting is the foundation of personal financial planning. Budgeting allows us to manage our money by tracking our income and expenses. Since every person is different it is important to know how to create a budget that can be used for our own specific needs.
- Understand the primary components of a budget and how one can be created/ maintained
- Understand the different types of income and how taxes apply
- Understand how to budget for expenses and the difference between variable and fixed expenses
- Understand how short-term and long-term financial goals are set and utilized
- Learn tips to keeping your budget relevant
In today’s economic society it would be rare to not use credit to pay for things such as online or large purchases, car repairs or in emergency situation. Credit can be an overwhelming topic, but understanding credit is critical in responsible management of one’s finances. Armed with a few key concepts, however, student can successfully manage their credit in a proactive way.
- Understand what credit is, how it works and why you need it
- Understand the different ways of establishing credit
- Learn your responsibilities as a borrower
- Understand how to monitor credit using a credit report and credit score
- Understand loans and credit cards and how to borrow responsibly
Investing is an excellent way to build wealth and achieve your financial and life goals. The Investing section of this guide and accompanying classroom session will help students to understand the key concepts of investing.
- Understand what investments are and how they can help you to achieve your financial goals
- Understand risk vs. return and diversification
- Learn about common types of investments
- Understand common options for retirement savings
- Learn what kind of investor/saver you are and the pros and cons of each type
Many times individuals feel that they are paying money into insurance policies, but not getting their fair share back. This is not how insurance should be viewed. Purchasing insurance is a way to manage risk.
- Understand what insurance is, why you need it and how it works
- Learn what insurance premiums are and how they are determined
- Know what liability coverage is and how it applies to auto and renters/home insurance policies
- Be able to explain types of insurance and when they apply in real life
- Understand insurance contracts and the major decisions that have to be made when purchasing policies
Financial Beginnings' programs are designed to engage students through relevant and fun lessons that include hands-on and thought-provoking activities. In addition to the above curriculum, student will:
- Calculate their future life savings!
- Review actual credit applications!
- Play Banking Bingo! Serve as jury members for a car accident court case!
- Write checks and learn how to balance a checkbook!
- Scrutinize spending habits and brainstorm ways to keep more money in their pockets!
- Play the "If I Had Millions..." game!
What we provide
We provide each teacher with a business professional that has been fully trained to teach the program. The volunteer is well prepared with a well-tested curriculum that meets National Council of Teachers of Mathematics
standards. We provide all students with a copy of the curriculum, and all necessary supplemental materials, which will be sent to the school directly, prior to the program. It is our job to make teachers' work easier; we handle
all the details and offer a program that enhances the standards-based math and life-skills teachers are already teaching.
For more information, Contact Us!
The Pathways program helps students successfully transition from high school to post-secondary education (and beyond) through informed and proactive financial decisions. Pathways helps students navigate the complex maze of financial decisions – from loan agreements to household budgeting to choosing a career – that accompanies adulthood.
Pathways Session Topics
Pathways includes five modules, each 60-90 minutes, for high school and college students. Modules are taught by Financial Beginnings’ trained volunteers and include:
Career & Education Path - Students will: identify skills sets and interests for a variety of careers; explore the positions and salary ranges available within their desired careers; determine the educational requirements necessary to pursue their desired career; and, research schools that offer programs that further career objectives.
Comparing Schools & Costs – Students will research salary averages based on specific education and career aspirations; learn the total cost of their desired schools(s); compare total post-secondary expenses versus out of school annual salary and determine return on investment.
Financing College – Students will: explore the different options available to pay for college; review available college loans and how interest accumulation and payback options vary; and, learn the basics of a FAFSA and where to access additional support in completing an application.
Managing Debt Accumulation – Students will:learn how student debt accumulation affects one’s financial future and other life goals; learn how to budget to help limit student debt accumulation and spend and save money wisely; and, explore options for paying a greater amount of education expenses while in school.
Managing Debt After College – Students will: take a realistic look at post-college living expenses; understand loan restructuring and consolidation options; create a budget for post-college life that includes student loan payments; and set long-term financial goals that incorporate savings and debt management.