Personal Finance and Citizenship Education Resources

This collection of resources focuses on personal finance education within the context of citizenship education. It covers topics such as postsecondary education costs, career choices, financial aid decisions, and more. The materials include outlines, standards, teaching strategies, and contact information for relevant offices. These resources aim to help educators design realistic lessons aligned with students' interests and concerns in the field of personal finance.

• Personal Finance Education
• Citizenship Education
• Postsecondary Education
• Financial Aid
• Teaching Strategies

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1. P erso na l F i na nc e a nd the Ci ti zenshi p Test Dustin Lambert, Coordinator August 2020

2. P erso na l F i na nc e Sta nda rds WVBE Policy 2520.4 Social Studies College and Career Readiness Standards Civics Course the personal finance standards are located within the civics course standards The Social Studies Resource Booklet 6-12 2

3. Outl i ne o f P erso na l F i na nc e Postsecondary Education (30) Education and Financial Aid Decisions (31) Careers (32) Workforce Skills (33) Bankruptcy (34) Income Tax (35) Consumer Debt (36) Consumer Rights and Responsibilities (37) Banking (38) Financial Habits (39) 3

4. Tea c hi ng P erso na l F i na nc e Be Realistic when designing lessons, use examples and scenarios closely aligned to actual figures and estimates of the current market and trends. Relevance the more we relate to students interests and concerns, the more engaged they will become. What career choices are evident in your class? What lifestyles are represented in your students? Terminology start with a basic understanding of terms used when discussing personal finance (FAFSA, EFC, grant, budget, income tax, etc.) 4

5. P o stsec o nda ry E duc a ti o n Costs: https://nces.ed.gov/programs/coe/indicator_cua.asp Room and Board: WVU: https://financialaid.wvu.edu/home/estimate-costs-aid/net-price- calculator Marshall: file:///C:/Users/dllambert/Downloads/Estimated-2020-2021- COA-Planning-Worksheet.pdf Commuting Costs: https://www.savingforcollege.com/articles/costs-of-commuting- versus-living-on-campus-1056?page=1 FAFSA: http://www.understandingfafsa.org/assets/FAFSAOct2019English.p df CFWV: College Planning Financial Aid 5

6. P o stsec o nda ry E duc a ti o n Co nta c ts Higher Education Policy Commission Financial Aid Office (304) 558-4618 Heather McChesney , Coordinator of Curriculum and Professional Development (304) 558-0655 Higher Education Data Portal WV Higher Education Almanac 6

7. E duc a ti o n a nd F i na nc i a l Ai d Dec i si o ns Gross v. Net Pay: https://www.youtube.com/watch?v=2eHbkUQVisU https://www.scholastic.com/content/dam/teachers/sponsored- content/Actuarial/17-18/Actuarial_68_Where_Did_Money_Go.pdf Reading A Paystub Interactive Activity Next Gen Personal Finance Fine Print: Pay Stub Analyzing Pay Stubs Budgeting https://docs.google.com/document/d/1L39K26dPNSE4yNTln_SI41Yoa9skhJArwg 4asIQL4SE/edit Spending Plan: https://njaes.rutgers.edu/money/pdfs/fs421-worksheet.pdf Excel Spreadsheet: http://njaes.rutgers.edu/money/templates/Spending-Plan- Template.xls University of Kentucky Finance PDF: https://wvk12- my.sharepoint.com/:b:/g/personal/dllambert_k12_wv_us/ERyFqgZBuE9Po8- tCj5GcFQBBhUK-KCFY0UD9n2-ZaZghA?e=BfgbH0 7

8. Ca reers College Foundation of West Virginia (CFWV) This would be a place to collaborate with the school counselor to assist students with career expectations and benefits. Learn About Yourself Explore Careers U.S. Bureau of Labor Statistics Career Outlook 8

9. W o rkf o rc e Ski l l s CFWV Resume Builder, Cover Letter Creator, Job Interview Practice Sample Workplace Expectations Couple suggestions here: 1. Invite local employers to join you remotely or in person to discuss their expectations for employees. 2. Ask students to explore different work expectations from your community. 9

10. Ba nkrup tc y Next Gen Personal Finance 8.1 Financials Pitfalls Basics 8.7 Bankruptcy Bankruptcy Terminology Common terms used when teaching about bankruptcy 10

11. I nc o m e Ta x Next Generation Personal Finance How to File Your Taxes Turbo Tax A Guide to Commonly-Used IRS Tax Forms USAGov Filing Federal Taxes IRS Tax simulations 11

12. Co nsum er Deb t Next Gen Personal Finance 3.4 Understanding Loans 3.5 Auto Loans and Leases 12

13. Co nsum er Ri ghts a nd Resp o nsi b i l i ti es ( 37) Personal Finance from NC Becoming a Responsible Consumer Five Major Consumer Rights (video) Next Gen Personal Finance 8.3 Identity Theft 8.4 Predatory Lending Identity Risk Calculator CARTOONS: Predatory Lending 13

14. Ba nki ng ( 38 ) Next Gen Personal Finance 1.1 The Essential Checking Account 1.4 Online and Mobile Banking The Evolution of Personal Banking (infographic) 2.2 Beware of Banking Fees FINE Print: Checking Account Agreement Savings Online Bank Account Simulation Writing A Check (handout) Managing A Checking Account (activity) 14

15. F i na nc i a l Ha b i ts ( 39) Investments (Stock, Bonds, Diversification, and Assest) Next Gen Unit Activities and Plans Free Stock Market Game Saving and Investing Strategies Lesson (Oklahoma State Department of Education) Insurance (Auto, Health, Home, Renters, and Other) Next Gen Unit Activities and Plans Insurance Game for students and teacher guidance from Texas Department of Insurance 15

16. Ci ti zenshi p Test The Citizenship Test is in state code and required for every student to graduate from high school. WV State Code 18-2-9. Required Courses of Instruction Beginning the 2018-2019 school year, students in the public schools shall be administered a test the same as or substantially similar to the civics portion of the naturalization test used by the United States Citizenship and Immigration Services between their ninth and twelfth grade years as an indicator of student achievement in the area of civics education. The test results may be reported in the aggregate to the county board for evaluation by the board s curriculum director and reported to the board members. Nothing in this subsection creates a standard or requirement subject to state accountability measures. Test bank: https://wvde.us/wp- content/uploads/2018/09/Citizenship-Question-Banks.pdf 16

17. Ci ti zenshi p Test A county can create their own Citizenship Test The number of questions is determined by each county (recommended minimum of 10) The scores are maintained at the county level How the information is shared is determined by each county Each county must maintain a record that every senior graduating has taken the test. There is no score requirement (county-level decision) 17

18. Addi ti o na l Reso urc es Finance in the Classroom Activities WVDE Social Studies Resources Khan Academy Get A Life Program 18

19. Co nta c t I nf o rm a ti o n Dustin Lambert, M.Ed. WVDE Coordinator Middle Schools & Social Studies 6-12 (304) 558-5325 dllambert@k12.wv.us Andrea N. Lemon, Ed.D. Office of Middle and Secondary Learning 304-558-5325 alemon@k12.wv.us 19