promoting economic and financial education in missouri schools
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PROMOTING ECONOMIC AND FINANCIAL EDUCATION IN MISSOURI SCHOOLS
Missouri Council on Economic Education
About MCEE
About You
What is your personal story?
Why are you passionate about economic and financial education?
Why are we talking to parents?Students are in the best position to succeed when their school
learning is supported at homePersonal finance is personal: the classroom curriculum will
inevitably cause students to ask parents about their household finances
Good opportunity for parents to “refresh” their understanding of topics ranging from insurance to compound interest
The Bank of America Foundation provided funding to MCEE for a teacher and parent financial literacy project
Why is Personal Financial Education Important?
Making informed decisions in the competitive marketplace
Problem solving and decision making skills Scarcity, limited resources
Helps improve math and reading skillsAbility to weigh alternatives and select choice based on
personal values and goals
What is Financial Fitness for Life?Curriculum materials that teach personal finance and economics: K-2,
3-5, 6-8, and 9-12Lessons focus on:
Earning an Income Spending Saving and Investing Using Credit Managing Money
Materials were developed by the Council for Economic Education with funding from Bank of America
What are the Goals of Financial Fitness for Life?
To develop decision-making skills of students so that they can make informed decisions as students and consumers: Develop an economic way of thinking Apply economic concepts to financial decision making Develop financial knowledge in the areas of earning an income,
spending, saving and investing, using credit, managing money, and using that information to make decisions
Apply mathematical and language arts skills to personal financial decisions
Examples of content coveredAmount of education affects incomeTypes of credit – interest of loans is based on amount of
loan and credit scoreInsurance is a way to manage risksKeeping track of your expenses is a good way to get most
out of your resources.
Activities for FamiliesThe activity books include worksheet activities and other
ideas for parent/student discussionsExample of activities that teach the concept behind
compound interest: The Chessboard of Financial Life (pp 66-67)
Stretching (p. 88): “$2,000 Computer! $0 down! 0% a month! For Six Months: Parents will be figuring interest and doing various other calculations to determine whether a computer is really a good deal.
Suggested activities in bookLesson #15: Methods of calculating credit card
interest.
Question and Answer SessionAfter fielding questions, provide MCEE website (
www.moeconomics.org) and your contact information if anyone would like to work together in the future.