Managing Money Lesson 2009 copy

Managing Money

A Consumer Action Financial Education Project

Money Management Seminar Lesson Plan Packet

MATERIALS CHECKLIST

1. "Manage Your Money Wisely" (Brochure)

2. "Managing Your Money Leader's Guide" (Booklet)

3. Lesson Plan for the two-part Seminar (14 pages, including a key to Checkbook Balancing Activity for use by seminar leaders)

4. Checkbook Balancing Activity (3 pages, including Sample Checkbook Register and Sample Bank Statement

5. Financial Goals Worksheet (This is to be completed by participants at home.) (2 pages, including Financial Goals Chart)

6. Money Management Evaluation Worksheets With Three Sample Individual Profiles (Joey, Juan and Carmen and Cheryl) (4 pages)

7. Sample Budget Worksheet (This is to be completed by participants at home.) (1 page)

8. Seminar Evaluation (To be completed in class and returned to instructor before leaving.) (1 page)

Manage Your Money Wisely Seminar Package

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Managing Money

A Consumer Action Financial Education Project

Money Management Seminar Lesson Plan

(For use by the instructor.) Course Purpose:

? To provide workshop participants with an understanding of what good money management is and why it is important ? To provide participants with skills and ideas that can help them better manage their money

Course Objectives: By the end of the training participants will understand: ? How tracking what you spend can help you prepare a budget ? The importance of balancing your accounts ? How to cut back on expenses ? How shopping around helps you save money ? Ideas for increasing your income ? How to save more of your income ? How to set financial goals ? What investing is ? The benefits and risks associated with stocks, bonds, mutual funds, savings accounts and certificates of deposit (CDs) ? Why insurance is important ? Ways to save on insurance ? Why credit is an important part of money management ? Whom to call if you are overwhelmed by debt

Materials: Participant's folder, which includes: ? "Manage Your Money Wisely" brochure ? Checkbook Balancing Activity Worksheets

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? Money Management Evaluation Worksheets (set of three sample profiles) ? "What Are Your Financial Goals?" Worksheet ? Take-home Budget Worksheet ? Evaluation of Money Management Seminar

For trainer: ? "Managing Your Money Leader's Guide" ? Checkbook Balancing Key ? Participant's folder ? Easel, paper and pens

Seminar Duration: There will be two sessions of two hours each. Each two-hour session will include a 15-minute break.

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Managing Money

A Consumer Action Financial Education Project

Training Outline

(For use by the instructor.)

First Session (Two Hours)

Suggested Time Allotment:

Segment:

10 mins. 15 mins. 10 mins. 15 mins. 10 mins. 15 mins. 20 mins. 15 mins. 10 mins.

Welcome and training overview Group introductions Money management Tracking your spending and making a budget Bank accounts Break Checkbook balancing activity Cutting back on expenses Setting financial goals

5 mins. 15 mins. 15 mins. 15 mins. 15 mins. 30 mins. 20 mins. 5 mins.

Second Session (Two Hours)

Welcome back Saving and investing Insurance Credit and debt Break Money management evaluation activity Questions and Answers Mention the Take-home Budget Worksheet, Wrap-Up and Evaluation

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Training Design/Lesson Plan

Session One (Two Hours)

(Note: Before conducting the training, familiarize yourself with the "Manage Your Money Wisely" brochure and the accompanying Leader's Guide.)

Welcome & Training Overview (10 mins.)

Welcome participants and review the purpose of the seminar and the day's agenda. Hand out folders to participants.

Group Introductions (15 mins.)

Ask participants to introduce themselves and say what they hope to get out of the seminar.

(This activity is designed to serve as a brief icebreaker to help workshop participants get to know each other and feel more comfortable, and to give you an idea of what participants' expectations are.)

Money Management (10 mins.)

Encourage participants to discuss how they define money management and why it is important. (See Leader's Guide, page 2.) Direct attention to the "Manage Your Money Wisely" brochure in participants' folders.

Questions to generate discussion: ? What is money management? ? What kinds of activities are part of money management?

TIP: Write down key words and concepts on easel pad: Wise money management can help you:

? Pay your bills on time ? Make it through times when you are not working ? Save money

Manage Your Money Wisely Seminar Package

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