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

▶
the fdic an independent federal agency major
SMART_READER_LITE
LIVE PREVIEW

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

Apr 29, 2023 411 likes •751 views

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

slide-1
SLIDE 1

!"#$"%&' %'

Money Smart Teacher Training Module, Part 1

FEDERAL DEPOSIT INSURANCE CORPORATION

The FDIC !! An independent federal agency !! Major responsibilities: "!Insuring deposits "!Bank supervision "!Failed bank resolution !! Economic Inclusion

slide-2
SLIDE 2

!"#$"%&' #'

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

  • f students from four levels of

educational attainment !! Focus groups of all socio- economic levels.

FEDERAL DEPOSIT INSURANCE CORPORATION

http://www.consumerfinance.gov/parents/

slide-3
SLIDE 3

!"#$"%&' ('

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

slide-4
SLIDE 4

!"#$"%&' )'

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
slide-5
SLIDE 5

!"#$"%&' *'

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 9th 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.

slide-6
SLIDE 6

!"#$"%&' &'

FEDERAL DEPOSIT INSURANCE CORPORATION

Connections to Standards

STANDARDS Each lesson aligns to the following national education standards: !!Financial Literacy Jump$tart 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.

Common Core English Language Arts Standards for Lesson 1, Level 4

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

slide-7
SLIDE 7

!"#$"%&' +'

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.

slide-8
SLIDE 8

!"#$"%&' $'

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.

slide-9
SLIDE 9

!"#$"%&' !'

FEDERAL DEPOSIT INSURANCE CORPORATION

Money Smart at Home Parent/Caregiver Guide !! Corresponds to the classroom materials. !! Families may also use it independently

  • f 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
  • f 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

slide-10
SLIDE 10

!"#$"%&' %,'

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

slide-11
SLIDE 11

!"#$"%&' %%'

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

slide-12
SLIDE 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.

slide-13
SLIDE 13

!"#$"%&' %('

FEDERAL DEPOSIT INSURANCE CORPORATION

Parent Guide

The Parent Guide is

  • rganized around
  • themes. Each

theme corresponds to one or more classroom lessons and these are identified in the materials.

FEDERAL DEPOSIT INSURANCE CORPORATION

PARENT GUIDE

slide-14
SLIDE 14

!"#$"%&' %)'

FEDERAL DEPOSIT INSURANCE CORPORATION

PARENT GUIDE

FEDERAL DEPOSIT INSURANCE CORPORATION

PARENT GUIDE

slide-15
SLIDE 15

!"#$"%&' %*'

FEDERAL DEPOSIT INSURANCE CORPORATION

PARENT GUIDE

FEDERAL DEPOSIT INSURANCE CORPORATION

https:// www.fdic.gov/ consumers/ education/torc/

slide-16
SLIDE 16

!"#$"%&' %&'

FEDERAL DEPOSIT INSURANCE CORPORATION FEDERAL DEPOSIT INSURANCE CORPORATION

Ongoing Support

FDIC trainers will check in with you periodically to answer questions and provide ongoing support for the Money Smart lessons. For questions or comments about the content or

  • peration of Money Smart

for Youth, please email: communityaffairs@fdic.gov For information on using the curriculum in your community, please contact your FDIC Community Affairs Officer.

slide-17
SLIDE 17

!"#$"%&' %+'

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.

Money Smart Grades 6-8

Lesson 4: Being a Savvy Shopper

slide-18
SLIDE 18

!"#$"%&' %$'

FEDERAL DEPOSIT INSURANCE CORPORATION

Lesson at a Glance

FEDERAL DEPOSIT INSURANCE CORPORATION

slide-19
SLIDE 19

!"#$"%&' %!'

FEDERAL DEPOSIT INSURANCE CORPORATION

TOPIC

FEDERAL DEPOSIT INSURANCE CORPORATION

Warm Up: Wants and Needs

What is the difference between a NEED and a WANT?

slide-20
SLIDE 20

!"#$"%&' #,'

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

slide-21
SLIDE 21

!"#$"%&' #%'

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

Money Smart for Grades 9-12 and ages 18-20

slide-22
SLIDE 22

!"#$"%&' ##'

FEDERAL DEPOSIT INSURANCE CORPORATION

Level 4: Grades 9-12, Ages 18-20

Let’s take a look at activities found in Lesson 20: Protect Yourself.

FEDERAL DEPOSIT INSURANCE CORPORATION

slide-23
SLIDE 23

!"#$"%&' #('

FEDERAL DEPOSIT INSURANCE CORPORATION

What Thieves do with your information

FEDERAL DEPOSIT INSURANCE CORPORATION

Over-sharing?

Have you, or someone you know been guilty

  • f “over-sharing” your

personal information? Get with a partner and discuss examples of

  • ver sharing.

Does Social Media contribute to “over-sharing”?

slide-24
SLIDE 24

!"#$"%&' #)'

FEDERAL DEPOSIT INSURANCE CORPORATION

Job Scams

Student handout: This Job, Not that Job View the following video on the Federal Trade Commission website to help you with this assignment: https://www.consumer.ftc.gov/media/ video-0052-job-scams

FEDERAL DEPOSIT INSURANCE CORPORATION

https://www.consumer.ftc.gov/ media/video-0052-job-scams

slide-25
SLIDE 25

!"#$"%&' #*'

FEDERAL DEPOSIT INSURANCE CORPORATION

Steps to Take: Student Handout

Questions

!

Your Answers! How soon should you act if you suspect identity theft? ! ! What are immediate steps you should take if you suspect identity theft?

!

! What is involved in each step? Describe how each step works. ! ! What’s next? After immediate action, what else can you do to ensure your identity is safe? ! !

What do you do if you think your identity may have been compromised? Find out now by putting your research skills to the test. Visit the Federal Trade Commission’s website at www.consumer.ftc.gov and locate information to complete the chart below. Be prepared to present your answers to the class.

FEDERAL DEPOSIT INSURANCE CORPORATION

Extended Exploration

slide-26
SLIDE 26

!"#$"%&' #&'

FEDERAL DEPOSIT INSURANCE CORPORATION

Money Smart at Home

FEDERAL DEPOSIT INSURANCE CORPORATION

Money Smart at Home

slide-27
SLIDE 27

!"#$"%&' #+'

FEDERAL DEPOSIT INSURANCE CORPORATION

Money Smart at Home

FEDERAL DEPOSIT INSURANCE CORPORATION

Extended Exploration

slide-28
SLIDE 28

!"#$"%&' #$'

FEDERAL DEPOSIT INSURANCE CORPORATION

Technology !! On Guard Online: !! https://www.onguardonline.gov/ !! Spam Scan Slam, Phishing Scams, and ID Theft FaceOff.

FEDERAL DEPOSIT INSURANCE CORPORATION

FTC: On Guard Online

slide-29
SLIDE 29

!"#$"%&' #!'

FEDERAL DEPOSIT INSURANCE CORPORATION

For Level 1 - Money Smart Curriculum Level 1

FEDERAL DEPOSIT INSURANCE CORPORATION

Level 1 use - Lesson 5: Super Savers

Lesson Overview Students set out to become super savers in this lesson by creating their own savings banks after exploring engaging storybooks and evaluating the choices characters make around saving and

  • spending. Dig deeper into the exploration of choice

and saving throughout the year with a variety of cross-curricular independent and small group activities.

slide-30
SLIDE 30

!"#$"%&' (,'

FEDERAL DEPOSIT INSURANCE CORPORATION

Money Smart Curriculum

FEDERAL DEPOSIT INSURANCE CORPORATION

Level 2 use Lesson 3: Make A Plan

Lesson Overview

Learners put their financial skills to the test in this module as they travel through a simulation on creating a

  • budget. The module will explore fundamental elements
  • f creating a plan for how students spend their money

and reach their savings goals. In addition, the module will provide real-world scenarios for students to apply budgeting principles.

slide-31
SLIDE 31

!"#$"%&' (%'

Money Smart Teacher Training Level 2

FEDERAL DEPOSIT INSURANCE CORPORATION

!! http://pbskids.org/itsmylife/games/ mad_money_flash.html

slide-32
SLIDE 32

!"#$"%&' (#'

FEDERAL DEPOSIT INSURANCE CORPORATION

Technology

Let’s play some games!

FEDERAL DEPOSIT INSURANCE CORPORATION

http://bizkids.com/games/dollar-a-glass

slide-33
SLIDE 33

!"#$"%&' (('

FEDERAL DEPOSIT INSURANCE CORPORATION

Additional Support

For questions or comments about the content or operation of the Money Smart for Youth, please email communityaffairs@fdic.gov. For information on using the curriculum in your community, please contact your FDIC Community Affairs Officer.

FEDERAL DEPOSIT INSURANCE CORPORATION

Money Smart

THANK YOU! QUESTIONS?