Making Cents of Financial Literacy and Economic Education
information for Pennsylvania teachers in grades K - 12
 April 2013 

Happy Financial Education Month in Pennsylvania and across the nation! Many will place a greater emphasis on financial education this month.  How can you celebrate?  Consider providing financial tips or facts for your school's morning announcements, sharing the importance of financial education and your efforts with the media, or working with others to extend the reach of financial education in your community.  Get ideas and learn what others are doing at www.moneysbestfriend.com. 

Register Now for April Webinars
Register Now for the April 25th Making Cents Webinars 

 

The final Making Cents: Financial Literacy and Economic Education webinars for this school year are coming up on April 25th. These free online professional development programs are offered through a partnership between the Pennsylvania Department of Education and Penn State University and are offered at two times on each date to accommodate various schedules: 3:00pm - 4:30pm and 6:30pm - 8:00pm.  

 

Each session will feature the following topics and speakers:   
  • New Film from the Federal Reserve Bank of Philadelphia by Andrew Hill of the Federal Reserve Bank of Philadelphia
  • Protecting Your Personal Information by Susan Sharkey of the National Endowment for Financial Education
  • New National Standards in Personal Finance by Andrew Hill of the Federal Reserve Bank of Philadelphia

Registration is limited, so please reserve your spot now via the corresponding registration links below:

The training will be conducted completely online. All you need to attend is a computer with Internet access and speakers or headphones to hear the presenters. Participants will be granted two hours of Act 48 credit for their participation in each webinar.  

 

If you wish to view any of our archived webinars, you may find them at http://www.moneysbestfriend.com/default.aspx?id=387. 

Curriculum Spotlight
MoneySkill
MoneySkill: An Online, Interactive Curriculum

 

Could your middle or high school aged students benefit from individually paced personal finance instruction? The MoneySkill program is a free, comprehensive program that can be used independently or integrated into an instructor-led course.  The high school component offers 36 lessons, pre- and post-testing, and a life simulation.  The recently developed middle level course consists of 12 lessons and assessments.  Both levels feature an electronic grade book that tracks student progress and scores. Teachers can even set a minimum passing score and trigger a retake for students that do not achieve mastery on their first attempt.  The program is also fully available from all mobile devices.  Check out the demo on the homepage or complete the registration form for full access to the site.  
National Standards
Council for Economic Education Issues National Standards for Financial Literacy

 

The Council for Economic Education (CEE) has issued National Standards for Financial Literacy that provide a framework for teaching personal finance in kindergarten through 12th grade.  The standards are divided into the following six areas:
  • Earning Income
  • Buying Goods and Services 
  • Using Credit
  • Saving
  • Financial Investing
  • Protecting and Insuring
The standards are available free as a download here.  Dr. Andrew Hill with the Federal Reserve Bank of Philadelphia served on the committee that wrote these new standards and will discuss them on the upcoming Making Cents Webinar on April 25th (see above for more details). These new standards complement the CEE's Voluntary National Content Standards in Economics and are another approach to financial literacy standards.  The Jump$tart Coalition issued National Standards in K-12 Personal Finance Education in 2007. 
3-2-1 Action! Videos in the Classroom
Investopedia

Are you looking for a new way to teach financial vocabulary terms? Investopedia has a collection of nearly fifty terms and their definitions that are presented with eye-catching graphics - sure to appeal to visual learners.  Each video averages only a minute or two.  The video definitions can be used in class or consider having students watch a few and then develop a storyboard for how they would explain a particular topic. 

Mark Your Calendar
Video Contest for Teachers
The Council for Economic Education (CEE) is asking teachers, "What is your most creative idea for implementing personal finance into the classroom?" Record a 30-second or less video with your response, upload it, and enter. Two grand prize winners will each receive a $1,000 award. The contest is being run through April 14th on CEE's Facebook page here. From April 16 - 29, CEE Facebook fans will vote to determine the 'Viewers' Choice.'
 
Summit on Financial Education
The Federal Reserve Bank of Chicago and Visa Inc will co-host the seventh annual Financial Literacy and Education Summit on April 17th. The program will bring together international financial literacy experts who will address potential solutions to improving women's financial literacy and capabilities globally. Register online to watch the free, live webcast and stay informed about event details. Consider watching the summit with your students and discuss the presentations afterwards.

Teach Children to Save Day
The American Bankers Association and its many member banks will place an extra emphasis on financial education as it celebrates Teach Children to Save Day on April 23rd.  Consider inviting a local banker into your classroom to share their knowledge and experience with your students. Learn more at http://www.aba.com/ABAEF/TCTS/Pages/tcts.aspx. 

Thrift Contest and Summer Program
The Historical Society of Pennsylvania is offering several programs of interest to teachers. The first is a Teaching Thrift Curriculum Development Contest which is open to K-12 teachers of all subjects.  The deadline to enter is May 15th and winners will receive up to $2,000. Learn more here.  The second program is a five-day Thrift Teacher Institute to be held July 14 - 18 in Philadelphia. Applications are due by June 14th. A travel stipend is available for those over 30 miles from Philadelphia. Learn more at http://hsp.org/calendar/franklins-thrift-a-classic-american-idea-for-the-21st-century-0.   

Federal Reserve Bank of Philadelphia Summer Programs
Mark your calendars and join educators from the Federal Reserve Bank of Philadelphia's service area this summer at one (or more) of many professional development programs. Get details and register at www.philadelphia.org/education. 
  • The Keys to Success program (5 days) will be held June 24 - June 28 and will provide training and materials for this high school financial education course.  
  • The Making Sense of Money and Banking program (5 days) will be held July 15 - July 19 and provides information on the Federal Reserve System along with classroom materials. 
  • High School Personal Finance (2 days) will be offered July 31 - August 1 in Wyomissing and August 7 - 8 in Harrisburg. 
  • Federal Reserve 101 (1 day) will be offered July 30 in Wyomissing and August 6 in Harrisburg. 

National Financial Educator Training
The Family Economics and Financial Education (FEFE) program is bringing its national training program to the east coast this summer. Three different options will be offered: a two-day program for grade K-6 teachers, a three-day program for 7-12 teachers, and a two-day program for those that have attended an in-depth training in the past. All three program will be held between July 30 - August 1 in Owings Mills, Maryland. Registration is open now at http://fefe.arizona.edu/pro-dev/training/national-financial-educator. 

Grants for Schools
Apply today for a Pathway to Financial Success Grant from Discover.  All public high schools are invited to apply for a grant to bring financial education into the classroom or to expand an existing curriculum.  The sooner you apply, the sooner you can get started.  Visit their website for additional details: http://www.pathwaytofinancialsuccess.org/get-a-grant

Know of other events? Let us know so we can share them in the next issue.
Quick Links
Upcoming Webinars
Curriculum Spotlight
New Financial Literacy Standards
Videos in the Classroom
Mark Your Calendar
New Classroom Tools
Get Involved
New Classroom Tools Available  

Most teachers are familiar with age-old fables such as the tortoise and the hare. They are typically short stories featuring animals in which a lesson or moral is taught. Thanks to the Federal Reserve Bank of Kansas City, fables have now taken on a financial twist. Financial Fables are quick, interactive tales from which students learn a financial skill. Aimed at students from preschool to fifth grade, the interactive e-books offer two modes: "read to me" or "read by myself." In addition, there are teacher resources and student activities associated with each fable.  All are available as free downloads.   

Get Involved
Help Lead the Way in Pennsylvania 
 
Do you have a personal finance or economics unit or lesson plan that other teachers would benefit from?
 
Would you like to provide feedback on a model personal finance course for Pennsylvania high schools?
 
Do you have a unique classroom activity or way to introduce a personal finance concept that you'd be willing to share?
 
If you answered yes to any of the questions above, your help would be welcomed in activities underway to boost financial and economic education in Pennsylvania.
Send an e-mail to Hilary Hunt for additional information. 
About this Message 
 

Making Cents is a cooperative effort by the Pennsylvania Department of Education and the Pennsylvania State University. If you find the content useful, please consider forwarding it to your colleagues. 

 

Team Members:

Sally Flaherty, PDE

Cathy F. Bowen, PSU

Hilary Hunt, Consultant

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