NetWorth: Personal Finance Education in Your Classroom

LINKing Up for a Student’s Future

Oct. 1, 2009 Oct. 9, 2009 Oct. 15, 2009Glade Springs Charleston Morgantown

What is NetWorth?

An integration of personal finance knowledge and skills into the core curriculum

The application of basic skills to real-world situations for grades K-12

An element of the 21st Century Learning Skills

Answers the questions: “Why do I have to know this?” and “How will I ever use this?”

What NetWorth is not…

It is not one more subject to be added to the daily schedule.

It is not a personal finance class It is not just a unit in the 12th grade Civics

class It is not delivered by volunteers It is not just pre-packaged curriculum created

by a wide-range of providers

History of NetWorth

2006 WV Legislature mandated personal finance education in high school

2007 – State Treasurer and State Superintendent addressed State Board of Education

2008 – Legislature provided seed money for program development

2009 – Additional funding for pilot program

2009-2010 Pilot Program

78 teachers in 35 counties Pre- and post-test teachers and their

students Implement a minimum of one instructional

guide Develop additional guides/PBLs Reflect on “what works” Compile research results

The three components of NetWorth

Core Curriculum– Math– Social Studies– Language Arts

Developmental Guidance Parental Involvement

Integration into Core Curriculum

Instructional Guides– Developed by classroom teachers– Correlated to standards– Peer reviewed – Accessible on Teach 21

Instructional Resources– Link to lesson plans, activities, free resources

Vertical spiraling of skills Addressed in statewide assessment measures

http://wvde.state.wv.us/instructionalguides/

Developmental Guidance

Developed by school counselors Minimum of four lessons per grade level K-12 Delivered by school counselors OR advisors

in middle/high school advisor/advisee program – 30-45 minutes each

Addresses academic, career, and personal/social counseling standards

http://wvde.state.wv.us/counselors/networth-lessons.html

LINKS

Learning Individualized

Needs Knowledge and

Skills

Development of Lessons

Format (same as LINKS) Show template for Lesson plan and handouts

http://wvde.state.wv.usGo to: Other WVDE sites

Go to: LINKS Program

Go to: Counselors

Go to: LINKS Networth Curriculum

Go to: Networth Lesson Plans

Creating the Lesson

Lessons were developed by counselors Lessons are written thoroughly Additional Resources given for each lesson Parent or Extended type of activity Interactive and Engaging Instructs what, when and how Lessons are stand alone however the lessons in

each grade are complimentary of each other

NetWorth LINKS Lessons K.1 & K.3

http://wvde.state.wv.us

Go to: Other WVDE sites

Go to: School Counseling

Go to : School Counselors

Go to: Networth Curriculum

Go to : Networth Lessons

Sample Lesson Plan for Elementary

NetWorth LINKS Lesson 6.3

http://wvde.state.wv.usGo to: Other WVDE sitesGo to: LINKS ProgramGo to: AdvisorsGo to: LINKS CurriculumGo to: Lesson Plans

Sample Lesson Plan for Middle School

NetWorth LINKS Lesson 10.4

http://wvde.state.wv.usGo to: Other WVDE sitesGo to: LINKS ProgramGo to: AdvisorsGo to: LINKS CurriculumGo to: Lesson Plans

Sample Lesson Plan for High School

The role of the counselor

Deliver four 30-45 minute lessons to each class/grade level annually

Collaborate with classroom teachers and administrators to develop parent involvement activity

At middle and high school, coordinate with Advisor/Advisee Program

Addresses state and national counseling standards and 21st Century Partnership

Parent Involvement

Culminating activity for each grade level Developed by team of educators Planned and delivered by teachers,

counselors, school administrators Can be during school hours or after school –

approximate 1 ½ - 2 hours Parents and students participate together

Special Projects

Stock Market simulation Principles of investing First Steps to NetWorth Advanced credential Finance University Community engagement

The Partners

West Virginia State Treasurer’s Office West Virginia Department of Education West Virginia State Auditor’s Office AND

– WV Attorney General– First Lady– Government agencies– Non-Profits– Financial Institutions

Why NetWorth?

Provide students with money management, investing, budgeting and saving skills

Allow students to plan for their future beyond high school

Prevent students from falling into the “debt” pit before they have an income

Instill importance of personal finance knowledge and skills

http://wvde.state.wv.us/instructionalguides/ http://wvde.state.wv.us/counselors/networth-lessons.html

Lynn Bennett

NetWorth Program Manager

lynn.bennett@wvsto.com

304-842-4166

Cell – 304-282-2427

John D. Perdue, West Virginia State Treasurer

West Virginia State Treasurer’s Office

1900 Kanawha Boulevard East

Charleston WV 25305-0860

800-422-7498

NetWorth@wvsto.com