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Building Financial Skills for Life Junior Achievement Finance Park.

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Presentation on theme: "Building Financial Skills for Life Junior Achievement Finance Park."— Presentation transcript:

1 Building Financial Skills for Life Junior Achievement Finance Park

2 Hi, Im Amy. Im only in middle school, but I know I need to be financially smart for the road ahead of me.

3 to stay financially strong? to stay financially strong? How do I live within my means How do I live within my means

4 Since 2005, the American public has been spending more money than it has earned after taxes. Financial Literacy Today

5 60% of American teens do not know the difference between cash, credit cards, and checks.

6 Financial Literacy Today Only 6.9% of 12 th grade students scored a grade of C or better on a recent national financial literacy survey…. and 62% failed.

7 Change is Happening Many states have joined the movement to legislate financial literacy as a core curriculum component. The Commonwealth of Virginia passed Senate Bill 950 in Similar bills in Maryland and the District of Columbia require financial literacy education. The Virginia Board of Education recently mandated the implementation of financial literacy across middle and high school.

8 About Junior Achievement Worldwide Since 1919, Junior Achievement (JA) has been inspiring and preparing young people to succeed in a global economy. JA provides in-school and after-school programs for students in grades K-12. JA specializes in financial literacy, work readiness, and entrepreneurship. JA Worldwide is the largest organization of its kind, reaching over 9 million students annually.

9 About Junior Achievement in Greater Washington Junior Achievement of the National Capital Area reaches over 42,000 students in Greater Washington through experiential, hands-on education to help young people acquire the financial skills necessary to lead productive lives.

10 What drives JA? Belief in the boundless potential of young people Commitment to the principles of market-based economics and entrepreneurship Conviction in the educational and motivational impact of relevant, hands-on learning Belief in the power of partnership and collaboration

11 Welcome to the Finance Park Experience Junior Achievement Finance Park provides a practical hands-on personal budgeting simulation for middle school students.

12 The Finance Park Experience Junior Achievement Finance Park, scheduled to open in Spring 2010 in Fairfax Virginia, will be the first of its kind in Greater Washington. All 8 th Graders in Fairfax County Public Schools will complete Finance Park each year. 25% of the student population attending Finance Park will be from low- and moderate- income families.

13 The Finance Park Experience BEYOND THE SCHOOL YEAR Once school is out, Finance Park will also provide opportunities for adult financial education and interactive summer camp for kids.

14 The Finance Park Experience Finance Park provides a practical hands-on personal budgeting simulation for middle school students. FINANCE PARK DAY! Understanding financial institutions and taxes Learn to develop a personal budget Review of class material and Finance Park Career considerations and discussion Intense Classroom Preparation 6 WEEKS Review of Finance Park Visit 2 WEEKS

15 FINANCE PARK DAY! The Finance Park Experience INVESTMENTS Students learn how including investments in their savings plan can help them reach long term goals.

16 FINANCE PARK DAY! The Finance Park Experience INCOME TAX The tax system impacts personal budgeting and provides services that are important for daily life.

17 FINANCE PARK DAY! The Finance Park Experience BUDGET CATEGORIES Students learn to attach everyday expenses to basic categories.

18 FINANCE PARK DAY! The Finance Park Experience NET MONTHLY INCOME The art of budgeting begins with Net Monthly Income.

19 FINANCE PARK DAY! The Finance Park Experience PERSONAL BUDGET The art of sound living begins with a monthly budget.

20 Floor Plan Reception Area Welcome to all visiting students and faculty! Auditorium Students are introduced to the program and are assigned their real- life adult scenario: salary, dependents, family requirements. Town Center Students build their monthly budget by managing expenses at each storefront. Storefronts represent corporate-branded shops matched to the students budget line-items. Café Students have lunch before returning to the Town Center to continue learning sessions. Check-out Each student completes the final steps of balancing their budget. Student Center Students relax and explore exhibits here to learn more about personal finance while others continue to check-out. Other Spaces at Finance Park: Executive Conference Room Finance Park Offices

21 Reception Area Architecture & Interior Design by Gensler.

22 Auditorium

23 Town Square

24 Café

25 Imagine a new generation where young people … know how to save, invest and budget. know how to read the small print. can reach their dreams by simply spending less than they make and saving the difference. can have the confidence to take control of their own destiny by being financially fit for life.

26 Thank you for joining us as we lead the financial literacy movement in Greater Washington. Junior Achievement Finance Park


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