Welcome to DKG and TCEE Financial Literacy Workshop.

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Welcome to DKG and TCEE Financial Literacy Workshop.
Please help yourself to coffee.
Please complete the registration form while we wait.
Please tweet and acknowledge our sponsors: SF and PCB.
Thank you for being here! Thanks to:
Mu Sigma Chapter
What Role Does Texas Council on Economic Education Play?
The Texas Council on Economic Education (TCEE)
Teaches Teachers
Who Teach Students
Who Are the Future of Texas
--John Anderson, TCEE Board Member
This workshop and the accompanying materials are made
available to teachers through the generous support of
State Farm, PlainsCapital Bank,
Delta Kappa Gamma/Mu Sigma Chapter
and the Texas Council on Economic Education.
Staff Development
Annually: 2200 Educators and 2.3 million students
Playful Economics
• Economics
• Entrepreneurship
• Career/Business
• Financial Literacy
Jean Walker, MBA
West TX A&M
Steve Cobb, Ph.D.
University North TX
Cheryl McGaughey, MBA
Angelo State U
Susan Doty, MBA
UT Tyler
Alberto Davila, Ph.D.
UT Pan Am
Nancy Shepherd, Ph.D.
Stephen F. Austin
State University
Catherine Rinhart
Program Director
Laura Ewing
TCEE President
Debbie Mackey
Stock Market Game™
Director
Leonie Karkoviata
Stock Market Game™
Coordinator
David Pruitt
Stock Market Game™
Consultant
Cherry Frye
Office Manager
TCEE Center Directors and Staff Provide Training
All Over The Great State of Texas In
After School Programs,
Personal Financial Literacy (PFL), Math PFL
Social Studies Economics Strand,
Career/CTE, Entrepreneurship, Economics, Free
Enterprise System, Paying for College
Allen Reding
Web Manager
Cindy Manzano
Smarter Texas Director
Valerie Johse
Smarter Texas Consultant
TCEE 2015 Summer Conference:
• Hotel Contessa, San Antonio Riverwalk
• June 18-19, 2015
• Audience:
K to 12 Math PFL Teachers
K to 12 Economics Strand
Social Studies
Secondary CTE
Economics Teachers
• $175 covers registration,
36 sessions, over $200 in materials,
the new VE4.5 with 1400 lessons, 4 meals, reception
Three Student Programs
Directly Reach 22,000 students annually
Stock Market Game™
Economics Challenge
Personal Financial Literacy (PFL) Challenge
Research indicates improved math
scores on standardized tests
10 week simulation
Grades 4 through 12
Teams of 2 to 5 students
Virtual $100,000 to invest
20,000 Texas students participate
annually
Legislative & Capitol Hill
Challenges
Greenhill School parents thank TCEE.
$10 team fees
InvestWrite
Open to students participating in the
Stock Market Game™
Elementary, Middle and High School Competition
Cash prizes from Texas
Greenhill High School National Winner visited Wall Street
First and 9th Place National Winners From Texas in 2014
Economics Challenge
Fall and Spring Online
Testing In Micro, Macro
and International
Economics
Bellaire HS placed FIRST in
the Nation in the
Economics Challenge 2014
Funding provided by State
Farm
Personal Financial Literacy
Challenge
•
Teams of 4 compete in
online test for state finals
•
Winning state team and
teacher win cash
•
First place state team
attends regional and
national finals at St. Louis
Federal Reserve Bank
•
Funded by State Farm
•
Bellaire HS Placed 5th in
Nation in 2014
Why Connect Financial Education and
Savings Accounts?
• Academic achievement – educational savings
account ownership is associated with higher
scores on math achievement tests
• Improved college aspirations – children with
< $500 in savings for college are 3X more likely to
attend and 4X more likely to graduate from
college
• Financial health - students with a savings account
7 years later were 2X more likely to have a
savings account and 4X more likely to own stocks
How Do You Get These Materials?
www.economicstexas.org
www.Smartertexas.org
Free Council for Econ Ed Resources
Online economics and
financial literacy lessons
Gen I Revolution teaches financial
literacy through problem solving
14
Select either
Browse Economics
Concepts
Or
Browse Economics
Lessons
Select Grade Band
Selected
lesson
Saving For College
The Why, When, and How
• Published by RAISE Texas
• Parent and Student Guides Written by TCEE
• Download Book And Guides at
http://economicstexas.org/?page_id=5703
Grades K to 8 Math PFL Lessons
Visit resources:
• Economics texas.org
• Smartertexas.org
• Free lessons for grades K-8
– Lessons for grades 2-3 funded by
– Lessons for grades K-1 & 4-6 funded by
– Lessons for grades 7-8 funded by
www.smartertexas.org under Resource tab
19
After School Programs:
Never Too Young: Personal
Finance for Young Learners
After School Program for Elementary School
Students in Personal Finance and Economics
Middle School After School
tied to PFL Math TEKS
20
Presentations Available Online
“Recent Presentations”
A FINANCIAL LITERACY PROGRAM SPONSORED BY
Helping young people learn to think, choose, and make better
economic and financial choices in a global economy
www.economicstexas.org
www.smartertexas.org
501(c)3 Texas wide nonprofit
1801 Allen Parkway, Houston, TX 77019
[email protected]
www.economicstexas.org * www.smartertexas.org
P: 713.655.1650
Presenter: Laura Ewing/President
The TCEE programs are made possible by the following TCEE partners.
EnviroChem
Services, Inc.
John Anderson
Trout
Foundation
copyDR.
Less B. Fox
RBC Wealth Management
Board of Directors
John Ivie - Chair
Basden & Ivie, PC
Patricia Hardy
State Board of Education, Member District 11
Weatherford ISD
Edmund P. Segner III
Professor/Civil & Environmental
Engineering
Rice University
Anthony Daddino
Meadows, Collier, LLP
Laura Jaramillo
Senior Vice President
Government & Community Relations Group
Wells Fargo
Robert Smith III
President
Texas A&M University Galveston
Andrew DeLauro
Marcus McCue
Senior Vice President/Area Director Executive Vice President
For Houston/Bryan/College Station Guardian Mortgage Co., Inc
Citibank
Pete Villarreal
EVP, Chief Administrative Officer
PlainsCapital Bank
Thomas Fleissner
President and CEO
Houston Information Team, LLC
Dawn Moeder
Assurance Services Partner
Lane Gorman Trubitt, LLP
James Cooper - ex officio
James C. Cooper, Inc.
Aaron Gladstone
Associate
Hilltop Holdings Inc.
Donna Normandin
Senior Vice President
Frost Bank
John Anderson- Director Emeritus
Anderson Investments
Wayne Goettsche
WKG Consult
Rob Pivnick
Vice President
Goldman, Sachs & Co.
Carol J. Trout - Director Emeritus
Trout Foundation
1801 Allen Parkway,
Houston, TX 77019
P: 713.655.1650
F: 713.655.1655
www.economicstexas.org****WWW.smartertexas.org
Helping young people learn to think,
choose and make better economic
decisions.
And Your Question IS???
Ask Laura Ewing (TCEE) or
Carolyn Keck (Mu Sigma)
Financial Fitness for Life
• Source: Financial Fitness for Life, Grades 9-12
Spending and Credit
• Engage
How do you define the term “credit?”
How do you define the term “debt?”
What Is True About Each Statement?
“Hey, it’s only plastic! Lets go for it”
Household Debt and Credit Report
Federal Reserve Bank of New York City
Fourth Quarter 2014 Report
Aggregate household debt balances increased in
the fourth quarter of 2014. As of
December 31, 2014, total household
indebtedness was $11.83 trillion, up by $117
billion (1.0 percent) from the third quarter.
Overall household debt still remains 6.7 percent
below its third quarter of 2008 peak of $12.68
trillion.
What is the significance of the statement above?
Lenders Analyze 3 C’s
• Character:
Will applicant repay loan?
What does his/her credit history say?
• Capacity
Does the person have enough income to
pay debts?
• Collateral
Will the loan be secured or guaranteed if the
borrower defaults on the loan?
Exercise 11.1
• Think:
– Read “What Is Credit” and highlight the main
points.
– Answer the questions that correspond with the
reading.
• Pair:
– Discuss the answers with two other students.
• Share:
– The class will share the answers.
What Is Credit?
• To borrow or not borrow: that is the question.
• Advantages:
– Acquire assets
– Obtain goods and services need and want
– Helps in an emergency
• Disadvantages
– Run up debts cannot repay
– College student aggregate debt over $1 trillion
and average personal debt $29,400 by Dec. 2013
What Role Do Financial Institutions
Play?
•
•
•
•
Hold money
May pay interest to use money deposited
Lenders recoup loan plus interest
Borrowers make purchases not available
otherwise
Exercise 11.2
• Using Common Forms of Credit, answer these
questions in complete sentences:
– What are the advantages of home loans and
college loans compared to credit card and
personal loans?
– What are the disadvantages of credit cards and
college loans?
Closure
• What is an advantage of using credit?
• What is a disadvantage of using credit?
• Who gains from credit transactions and how
do they gain?
What Will You Do?
• You are 30 years old and have a nice job. What do
you plan on earning at that age? ____________
• You are determining your purchases and
investments. Make a plan as to what you will do
about each of the following and explain why.
Type of Credit
Home Mortgage
Car Loans
College Loans
Personal Loans
Credit Cards
What Will You Do And Why?
Assessment: Essay
• Using the chart, “What Will You Do?” to help
guide you in writing an essay. You will need
introductory and concluding paragraphs. The
body paragraphs need to address these points:
• How will you use credit over the next 10 years?
• What do you plan to buy?
• What institutions will you use to make your
purchases and why?
• What advantages will there be in using credit?
• What disadvantages will there be in using credit?
Extension: Credit Research
• Identify one example of each of the four types
of financial institutions listed in the chart on
page 88. Find examples of each type in your
community or on the Internet. Work with
three other students to each contact one of
these to determine the answers. It is
important to ask what the annual percentage
rate (APR) is. Share your answers with your
team, and each records the answers while
listening.

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