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Our Mission
The Make A Difference -Wisconsin mission is to
enrich our community by empowering students to make sound personal financial decisions.
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Times have changed
• 50% of Americans are living paycheck to paycheck
• 40% of Americans are living beyond their means
• The average household’s credit card debt is $8,565, up almost 15% from 2000
• Today, the average 50-year-old has only saved $2,300 for retirement
– American Bankruptcy Institute, Federal Reserve Board
and other national experts
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• The #1 cause of stress in the workplace is personal finance.
- USA Today
• More than 40% of employees say stress over personal finances negatively impacts work productivity.
- Garman, Leach & Grable
• Employees with credit delinquencies waste 20+ hours a month dealing with personal finances.
- Study conducted by the Center for Financial Well-Being
Workplace impactEmployees with financial problems impact attendance, turnover, focus, relationships, and productivity.
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Their future . . . our future
• College graduates with minimal debt• Responsible renters or home owners• Capable parents • Valuable employees• Prepared retirees
Today’s teens are tomorrow’s citizens and workforce…and they need solid personal financial skills to become:
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Imagine . . . A generation of Wisconsin residents who are
prepared financially to own their first home
Young entrepreneurs who have the means to start their own businesses
Hard working adults who are able to weather an economic downturn or a job loss
And, 45 years in the future, a large majority of people looking forward to a comfortable retirement
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The MAD-WI program
Three-part course:
Bank Your Future
Check It Out
To Your Credit
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Bank Your Future
• The concept and benefits of budgeting
• How to prepare and use a budget
• What is taken out of your paycheck?
• Ways to save money
• How money can grow
• The benefits of saving early
• Types of savings/investment products
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The Benefits of Saving Early
Kelly Starts at age 22 Saves $100 per month for 10 years ($12,000)
John Starts at age 35 Saves $100 per month for 30 years ($36,000)
The interest rate is 8% compounded annually.
Who will have more money at age 65?
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The Benefits of Saving Early
$148,015
$253,199
0
50000
100000
150000
200000
250000
300000
John Kelly
Money Saved
Total Savings atage 65
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“Because of this program, I feel better prepared for the future.”Riverside University High School student
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Check It Out
• How to open a checking account
• Bank fees
• Check cashing store vs. a checking account?
• How to write a check
• How to keep records
• Identity Theft - how to protect yourself
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“I believe (this) is a good program for young people because some students don’t receive this at home.”
Destiny High School Student
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To Your Credit• What is credit
• How does a credit card work and what does it cost?
• Using credit responsibly
• What is a credit report & how is it used
• What is a credit score & how it is used
• How your credit score affects your ability to buy a car or get a home mortgage
• How to start building a good credit history
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Credit Cards – the cost
Item
Price
APR
Min. monthly Payment (at 3% of balance)
Interest Paid
How Much You End
up Paying
Total Years to Pay Off
TV $500 18% Start at
$15 $299 $799
Computer $1,000 18% Start at $30
$799 $1,799
Furniture $2,500 18% Start at $75
$2,299 $4,799
If the minimum payment is made:
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Does Good Credit Matter?
FICO score APRMonthly payment
Total Interest
720-850 6.00% $387 $3,199 690-719 7.55% $401 $4,076 660-689 9.00% $415 $4,910 620-659 11.52% $440 $6,404 590-619 16.67% $483 $8,972 500-589 denied
Actual rates on 7/28/09 for a 60 month new auto loan for $20,000
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“Thanks for the help because I learned how to use money and credit the right way before I
turn 18.”
Kilmer High School student
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Who we reach
Target:
11th and 12th graders
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Participating Schools
MPS and Affiliated Schools
Alliance High School (charter) Assata Alternative High SchoolBay View High SchoolBradley Tech High SchoolCarmen HS (Choice School)CITIES Project High School (charter)Custer High SchoolDowntown Institute of Arts and Letters
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Participating Schools
MPS and Affiliated Schools (cont.)
El Puente High School (charter)Foster & Williams High SchoolGenesis High School (charter)Grandview High School (Seeds of Health)Hamilton High SchoolKilmer High SchoolLady Pitts High SchoolMadison High School
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Participating Schools
MPS and Affiliated Schools (cont.)
Marshall Montessori High SchoolMetropolitan High SchoolMilw. Academy of Aviation, Science and Tech.Milw. African American Immersion High SchoolMilwaukee Business High SchoolMilwaukee High School of the ArtsMilwaukee School of EntrepreneurshipNew School for Community Service
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Participating Schools
MPS and Affiliated Schools (cont.)
Northwest Secondary SchoolProfessional Learning Institute (charter)Pulaski High SchoolRiverside University High SchoolRonald Reagan High School (charter) Rufus King High SchoolSouth Division High SchoolTruth Institute Vincent High School
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Participating Schools
MPS and Affiliated Schools (cont.)
W.E.B. DuBois High SchoolWashington Expeditionary Learning HSWashington IT High SchoolWashington LEAPS High SchoolWings AcademyWisconsin Career Academy (charter)Wisconsin Conservatory of Lifelong Learning
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Participating Schools
Other Milwaukee Schools
CEO Leadership Academy Destiny High School Hope School Messmer High School Pius Xi High School St. Joan Antida High School Tenor High School (Seeds of Health) Wisconsin Institute of Torah Studies
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Participating Schools
Suburban Schools
Brookfield East High SchoolFranklin High SchoolGreendale High SchoolKettle Moraine High SchoolOak Creek High School
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Partner Organizations
A-B Credit UnionACTS - CDCALM RealtyAT&TAcorn Financial GroupAffiliated Mortgage Corp.Affordable Health and MoreAnchor BankAnderson Roethle, Inc.Annex Wealth ManagementAssociated BankAurora Family ServicesBank MutualBret Goodman Marketing
Brown-Beasley Accounting, LLCCB Richard EllisCatholic Family Life InsuranceCentury 21,Herget & PlavsicCFA Society of MilwaukeeChase BankCitigroup Smith BarneyCitizen Bank of MukwonagoCity of MilwaukeeColdwell BankerCompass PropertiesContinental Savings BankCountrywide Funding, Inc.Craig Realty, Inc.
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Partner Organizations (cont.)Deloitte Tax, LLPDevo PropertiesDigital MeasuresEddie Z’sEducators Credit UnionEdward Jones InvestmentsElite PropertiesEMSBLA Credit UnionThe Equitable BankFerrici & AssociatesFinancial Resource ServicesFirst Choice MortgageFirst Realty GMACFirst Weber Group
Foley & Lardner, LLPThe Foss GroupGE HealthcareGeneration Growth CapitalGerdes Investment StrategiesGodfrey & Kahn, S.C.Great Lakes Higher Education Corp.Great Midwest BankGreater Milw. Assoc. of RealtorsGuaranty BankHarley-DavidsonHarris BankHomesale Realty, Inc.Home Vestors
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Partner Organizations (cont.)
Homebuyer AssociatesHomes by Towne of WisconsinHomestead Realty, Inc.Independent Care Health PlanInland CompaniesInternal Revenue ServiceJF & Associates, Inc.Johnson Controls, Inc.Kohlenberg Consulting, LLCLaCausa, Inc.Landaas & Co. Investment Landmark Development RealtyLiberty Financial GroupLubar & Company
M & I BankM & I Wealth ManagementM & M Office FurnitureMATCMBO Cleary AdvisorsMGICMPS FinancialMW BankMandel Group SalesMarquette UniversityMcSherry Anderson, LLCMidAmerica BankMillerCoorsMilwaukee Bar Association
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Partner Organizations (cont.)
Milwaukee DevelopmentMilwaukee Fire DepartmentMilwaukee Police DepartmentMilw Metro Sewerage DistrictMilw. Univ. Grad. School CoopMinnie Services, LLCMorgan StanleyMortgage Bankers of WIMason WellsNorthern Oak Capital Northshore BankNorthwestern MutualOgden RealtyOptique Capital Management
PMG Educational Services, IncPalermosPKWare Inc.Priority MortgagePromotional Marketing GroupQuarles & BradyRealty Executives IntegrityRealty Executives MetroRemax IntegrityRockwell AutomationRobbins & Lloyd MortgageRPG ConstructionSattell, Johnson, Appel Schaeffler Group USA
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Partner Organizations (cont.)
Scribner, Cohen & CompanySecurity Insurance Service, Inc.Security Lending Group, LLCShakespeare Wealth ManagementShorewest RealtorsSmith BarneySmith RealtyState of Israel BondsStefaniak GroupStupar, Schuster & Cooper, SCSummit Credit UnionSVA Wealth Management
TCF BankTrans Union, LLCTrustworthy HomesTrykor, IncUBS Financial Services, Inc.US BankUniversal Housing SystemsUniversal Real Estate ServicesUW ExtensionUW-MilwaukeeVirchow, Krause & Co. LLPWaterStone BankWaukesha State BankWe Energies
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Partner Organizations (cont.)
Wells Fargo Advantage Funds
Wells Capital Management
Whyte Hirschboeck Dudek, S.C.
Wisconsin Mortgage Corp.
World Financial Group
Ziegler Capital Management
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Our accomplishments
In our first three years,
555 volunteers have signed on to deliver the program
58 high schools have participated
and we have reached more than 10,000 students!
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Our accomplishments
Proud recipient of the 2008 Governor’s Financial Literacy Award
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Our ImpactWhat are students DOING with what they learn?
10 of 41 28 of 58 9 of 14 51 of 58 40 of 58
69%
24%
48%
64%
88%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Opened a
Savings
Account
Increased
Monthly
Savings
Decreased or
Stopped Use of
Check Cashing
Stores
Utilized
Savings/Money
Management
Tips
Shared
Information
Learned with
Family &/or
Friends
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Our Goals for 2009/2010
1. Expand programming to more schools in the Greater Milwaukee area
Reach 6,000 students during the 2009/2010 school year
3. Engage 200 new volunteers
4. Present the opportunity to new investors and expand funding sources
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Our Generous Contributors
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Our Generous Contributors
ANON Charitable Trust
Ralph Evinrude Foundation
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Our Generous Contributors
Mosher Family Foundation
Stackner Family Foundation
Elizabeth A. Brinn Foundation
Weiss Family Foundation
Helfaer Foundation
Steigleder
Charitable Trust
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MAD-WI Board of Directors
Officers:
President: Lloyd Levin
Vice President: Murray FriedmanAssociated Bank
Secretary: Joseph SchlidtM&I Wealth Management
Treasurer: Howard SchnollRBC Dain Rauscher
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MAD-WI Board of Directors
Wayne Breitbarth, M&M Office Interiors
Robert Bukowski, Alpha Investment Consulting Group
Jill Desmond, Milwaukee Symphony Orchestra
Linda Edmondson, GE Healthcare
William Hotz, Retired Attorney
Nina V.A. Johnson, Guaranty Bank
Meridee Maynard, Northwestern Mutual
Peggy Partenfelder Moede, PPM Capitol Group
David Polk, City of Milwaukee
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MAD-WI Advisory Council
William Andrekopoulos, MPS
Curt Culver, MGIC
Eddie Doucette, MACC Fund
Michael Falbo, Associated Bank
Jeff Fleming, Kingston Crossing
Frank Gimbel, GRGB Law
Gerald Levy, Guaranty Bank
David Mancl, WI DFI
Marc Marotta, Foley & Lardner
Mark Sabljak, Business Journal
Mark Sain, MKE Fire Dept.
Carlos Santiago, UW-M
Delores Sims, Legacy Bank
Dan Steininger, BizStarts MKERobert Wild, S.J., Marquette
U.Anne Zizzo, Zizzo Group