Does Money Grow on Trees?
Value of a Job & Earning Power
2.1.1.G1
© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 2
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
Where does Money come from?
Workin
g
Gifts
Allowance
Bonus
Interes
t
Fundraising
Scholarships Borrowing
2.1.1.G1
© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 3
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
A Look from the Treetop
In this lesson we will learn:– Why People Work– Value of a Job, Occupation, and Career– Relationship between Education Level and
Income– Standard of Living– Identify Needs and Wants– Aspects of Well-Being– Planning for the Future
2.1.1.G1
© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 4
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
Why Do People Work?
To feel personal satisfaction
To improve their skills
To earn money
2.1.1.G1
© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 5
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
What is a Job?
Work role within a specific organization– Paid or unpaid
Examples:– Lawn mower at Community Golf Course– Secretary at ABC Law Firm– Brain Surgeon at Hospital X
2.1.1.G1
© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 6
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
What is an Occupation?
A wide category of jobs with similar characteristics
What other jobs fall under the occupation or “umbrella” of an educator?
Job
Jo b Job Jo b
Job
Educator
Youth Group Leader
High
School
Teacher
Community Volunteer
2.1.1.G1
© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 7
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
What is a Career?
A lifetime journey of building and making good use of your skills, knowledge and experiences
Influenced by:– Family– Friends– Education– Work– Leisure Activities
2.1.1.G1
© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 8
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
Mind Mapping
Career(Educator)
2.1.1.G1
© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 9
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
Mind Mapping
Career(Educator)
Occupation
(Math Teacher)
Occupation
(Elementary Teacher)
2.1.1.G1
© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 10
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
Mind Mapping
Job(Teacher Aid) Job
(Swim Coach)
Job(Play Ground
Worker)
Job(maintenance
staff)
Career(Educator)
Occupation
(Math Teacher)
Occupation
(Elementary Teacher)
2.1.1.G1
© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 11
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
Mind Mapping
Career(Professional
Athlete)
2.1.1.G1
© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 12
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
Mind Mapping
Career(Professional
Athlete)
Occupation
(basketball player)
Occupation
(football player)
2.1.1.G1
© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 13
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
Mind Mapping
Job(Equipment
Manager)Job
(Floor Sweeper)
Job(grounds
keeper)
Job(maintenance
staff)
Career(Professional
Athlete)
Occupation
(Basketball Player)
Occupation
(Football Player)
2.1.1.G1
© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 14
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
Your Turn!
JobJob
Job Job
Career
Occupation Occupation
2.1.1.G1
© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 15
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
A Day in the Life of Bill…
Carefully read the story about a typical day in the life of Bill.
Use the information to answer the questions that follow.
NOTICE: Don’t forget the Bonus question on the bottom of the page!
Are there any questions?
2.1.1.G1
© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 16
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
Education Matters
Which education level has the opportunity to earn the highest income?
Education Level Type of WorkU.S. Average
Income (2007)
Not high school graduate
Job $33,913
High school graduate
Job, occupation $46,938
Associate degreeJob, occupation,
career$64,537
College degreeJob, occupation,
career$88,948
Graduate degreeJob, occupation,
career$115,179
2.1.1.G1
© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 17
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
Education vs. Income Tower Activity
Goal: Build the tallest free-standing tower using only the given supplies.
Challenge: Each group has a different education level with certain skills/limitations.– High School dropout– High School graduate– Associate degree– College degree– Graduate degree
Solution: Work together and good luck!
2.1.1.G1
© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 18
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
Education vs. Income Tower Activity Directions
High School Dropout: Team members can use one hand only, the other must be kept behind their back and all communication must be done nonverbally to represent limited skills and education.
High School Graduate: Team members can use one hand only and the other must be kept behind their back.
Associate degree: Team members have full use of their hands but all communication must be done nonverbally.
College degree: Team members have full use of their hands and the team must designate one person only who can talk. The others must communicate nonverbally.
Graduate degree: Because these individuals have obtained the highest level of education, they have no limitations when building a tower.
2.1.1.G1
© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 19
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
Education vs. Income Tower Activity Discussion
Which group had to work the hardest to build the tower? Why?
Why were some groups more successful than others?
How did the education level relate to the degree of the assigned limitations?
How might a person get the “skills” needed for the opportunity to have a career and earn a higher income?
2.1.1.G1
© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 20
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
Standard of Living
A standard of living is the minimum necessities thought to be essential– Millionaire – fancy food, mansion, new car– College student – instant soup, small
apartment, used car Need – essential items required for life
– Food, water, shelter Want – unnecessary but desired items
– iPod, car, designer clothes
2.1.1.G1
© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 21
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
Well-being
The state of being happy, healthy, and prosperous
Impacted by:– How money is gained– Career choice– How money is spent
Personal financial choices can affect an individual or entire family’s overall well-being
2.1.1.G1
© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 22
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
Think Ahead
Identify a desired standard of living at an early age to determine:– Level of education needed– Type of job to have– Desired career path– Future needs and wants– Income level
What do you want to be when you grow up?
2.1.1.G1
© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances – Does Money Grow on Trees? – Slide 23
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona
Fertilize your Future
Plan NOW for your desired standard of living…
Education helps a person reach their financial goals
OR OR
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