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
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
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