The FDIC ! ! An independent federal agency ! ! Major - PDF document

!"#$"%&' Money Smart Teacher Training Module, Part 1 The FDIC ! ! An independent federal agency ! ! Major responsibilities: " ! Insuring deposits " ! Bank supervision " ! Failed bank resolution ! ! Economic Inclusion FEDERAL DEPOSIT INSURANCE CORPORATION %'

!"#$"%&' CFPB and FDIC FDIC in collaboration with CFPB Created Money Smart for Young People ! ! A qualitative formative study ! ! Focused on parents and teachers of students from four levels of educational attainment ! ! Focus groups of all socio- economic levels. FEDERAL DEPOSIT INSURANCE CORPORATION http://www.consumerfinance.gov/parents/ FEDERAL DEPOSIT INSURANCE CORPORATION #'

!"#$"%&' From the Chair…. “The new Money Smart curriculum is an extraordinary new set of tools to help educators and families work together to teach children about financial literacy at every stage of their education, from Pre- K through age 20.” - FDIC Chairman Martin J. Gruenberg FEDERAL DEPOSIT INSURANCE CORPORATION Goals ! ! Give K-12 educators resources they can use to feel prepared and confident ! ! Encourage parents and caregivers to have conversations and do activities with their kids ! ! Promote hands-on learning, with a particular focus on financial education tied to savings accounts FEDERAL DEPOSIT INSURANCE CORPORATION ('

!"#$"%&' New Money Smart Series ! ! Money Smart for Young People series: " ! Grades Pre-K-2 " ! Grades 3-5 " ! Grades 6-8 " ! Grades 9-12 " ! All materials are available for free download at www.fdic.gov FEDERAL DEPOSIT INSURANCE CORPORATION Involves Educators, Students, and Parents/Caregivers ! ! Resources for: " ! Teachers • ! Educator Guide • ! Teacher Presentation Slides " ! Students " ! Parents/Caregivers • ! Resources to support learning • ! Conversation-starters • ! Activities FEDERAL DEPOSIT INSURANCE CORPORATION )'

!"#$"%&' Getting Teens to Buy In OECD, the Programme for International Student Asessment (PISA) published a study in 2014 that revealed: " ! 15 year olds in the US rank 9 th out of 17 countries in their application of financial literacy knowledge. " ! 18% of American 15 year olds do not reach a baseline level of financial literacy. FEDERAL DEPOSIT INSURANCE CORPORATION Comparative Analysis The new Money Smart for Young People Curriculum presents an extraordinary and most comprehensive product in the field of financial education. FEDERAL DEPOSIT INSURANCE CORPORATION *'

!"#$"%&' Connections to Standards STANDARDS Common Core English Each lesson aligns to the following national education standards: Language Arts Standards ! ! Financial Literacy Jump$tart for Lesson 1, Level 4 Standards ! ! Common Core State Standards, ELA and Mathematics ! ! National Standards in Economics by Council for Economic Education ! ! Partnership for 21st-Century Skills The National Education Standards Chart on pages 155 -186 identifies which standards are met in each lesson. FEDERAL DEPOSIT INSURANCE CORPORATION Series Highlights ! ! Every curriculum includes: " ! Multiple lessons that can be taught alone or in combination " ! Standards alignment charts " ! Ideas for grade-level modification " ! Real-life exercises and examples " ! Suggestions for optional books or online games/tools that can reinforce student understanding " ! Ideas to integrate into existing academic subjects such as English, Mathematics, and Social Studies FEDERAL DEPOSIT INSURANCE CORPORATION &'

!"#$"%&' WELCOME TO MONEY SMART Each level of the curriculum follows the same format. Examples shown here will be taken from the level 4 curriculum. FEDERAL DEPOSIT INSURANCE CORPORATION GETTING STARTED GRADE-LEVEL MODIFICATIONS Differentiate learning experiences for beginners and advanced learners. PRESENTATION TIME Each lesson plan includes an estimated time needed to teach the lesson. ASSESSMENTS Pre and post assessments are noted on the first page of each lesson. FEDERAL DEPOSIT INSURANCE CORPORATION +'

!"#$"%&' LESSON STRUCTURE • Warm Up • Guided Exploration • Money Smart Tips • Independent Exploration activities • Wrap up • Extended Exploration • Student Handouts • Answer Key, Glossary, and Standards Chart FEDERAL DEPOSIT INSURANCE CORPORATION Lesson Extensions There are options to extend learning beyond the classroom or into other disciplines. FEDERAL DEPOSIT INSURANCE CORPORATION $'

!"#$"%&' Money Smart at Home Parent/Caregiver Guide ! ! Corresponds to the classroom materials. ! ! Families may also use it independently of the curriculum ! ! Contains resources, activities, games, and conversation starters on financial literacy topics covered in each lesson. FEDERAL DEPOSIT INSURANCE CORPORATION MONEY SMART PORTFOLIO, Level 4 Money Smart Portfolio is designed for the following purposes: • Assess student understanding from each phase of the program • Create opportunities for final student self- reflection and personal assessment • Reaffirm for students the intrinsic nature of financial skills and how one skill and strategy leads to another • Build long-term vision for students to invest in the program from beginning to end FEDERAL DEPOSIT INSURANCE CORPORATION !'

!"#$"%&' INTERDISCIPLINARY PROJECTS, Level 3 Managing a Budget - Planning a field trip, an assembly, or a school party? Develop an interdisciplinary project to allow students to create and manage the budget. Some options include: ! ! Social Studies: Assess the needs and wants of the event. Prioritize necessary items and then wanted items. ! ! Math: Develop a suggested budget based on assessing needs and wants for the event. ! ! English: Write a persuasive letter to the school administration explaining the needs and wants of the event. FEDERAL DEPOSIT INSURANCE CORPORATION SMART BUCKS, Levels 1 and 2 With Smart Bucks students can practice: ! ! Math skills when adding the total of “Smart Bucks” earned ! ! The concept of making change without using a calculator ! ! The value of saving as they choose to save instead of spend, or set a goal to save for a more desired choice FEDERAL DEPOSIT INSURANCE CORPORATION %,'

!"#$"%&' Lessons at a Glance This section provides the teacher with a summary of lessons, objectives and suggested time required for each lesson. FEDERAL DEPOSIT INSURANCE CORPORATION Take a Look at Lesson 1 ! ! Level 1: page 10 ! ! Level 2 : page 10 ! ! Level 3: page 13 ! ! Level 4: page 12 FEDERAL DEPOSIT INSURANCE CORPORATION %%'

!"#$"%&' Lesson Overview Page This is Lesson One in Level 4, but all lessons have the same structure across all levels. FEDERAL DEPOSIT INSURANCE CORPORATION Student Guide The Student Guide contains all of the handouts that the students need for each lesson. They are clearly outlined in the Table of Contents. FEDERAL DEPOSIT INSURANCE CORPORATION %#'

!"#$"%&' Parent Guide The Parent Guide is organized around themes. Each theme corresponds to one or more classroom lessons and these are identified in the materials. FEDERAL DEPOSIT INSURANCE CORPORATION PARENT GUIDE FEDERAL DEPOSIT INSURANCE CORPORATION %('

!"#$"%&' PARENT GUIDE FEDERAL DEPOSIT INSURANCE CORPORATION PARENT GUIDE FEDERAL DEPOSIT INSURANCE CORPORATION %)'

!"#$"%&' PARENT GUIDE FEDERAL DEPOSIT INSURANCE CORPORATION https:// www.fdic.gov/ consumers/ education/torc/ FEDERAL DEPOSIT INSURANCE CORPORATION %*'

!"#$"%&' FEDERAL DEPOSIT INSURANCE CORPORATION Ongoing Support FDIC trainers will check For questions or comments in with you periodically about the content or to answer questions operation of Money Smart and provide ongoing for Youth, please email: support for the Money communityaffairs@fdic.gov Smart lessons. For information on using the curriculum in your community, please contact your FDIC Community Affairs Officer. FEDERAL DEPOSIT INSURANCE CORPORATION %&'

!"#$"%&' MONEY SMART The many components of the Money Smart curriculum package all combine to provide a comprehensive resource for all ages to promote financial awareness and education. Let’s take a practical look at how to facilitate a lesson at your classroom level. FEDERAL DEPOSIT INSURANCE CORPORATION Money Smart Grades 6-8 Lesson 4: Being a Savvy Shopper %+'

!"#$"%&' Lesson at a Glance FEDERAL DEPOSIT INSURANCE CORPORATION FEDERAL DEPOSIT INSURANCE CORPORATION %$'

!"#$"%&' TOPIC FEDERAL DEPOSIT INSURANCE CORPORATION Warm Up: Wants and Needs What is the difference between a NEED and a WANT? FEDERAL DEPOSIT INSURANCE CORPORATION %!'

!"#$"%&' Comparison Shopping A great comparison shopping activity for middle school students is one involving cell phone contracts. Let’s explore two common ways that decisions are made about cell phone plans and discuss the results. # ! Snap decisions # ! Researched decisions FEDERAL DEPOSIT INSURANCE CORPORATION Cell Phone Decisions FEDERAL DEPOSIT INSURANCE CORPORATION #,'

!"#$"%&' Money Smart Tips What influences our spending? KIDS!! https://www.democraticmedia.org/kids-spending- and-influencing-power-12-trillion-says-leading- ad-firm FEDERAL DEPOSIT INSURANCE CORPORATION Money Smart for Grades 9-12 and ages 18-20 #%'