Show Me the Money: Family Engagement in Family Financial Literacy Presenters: Sofia Baucom & Olivia Orraca-Stone East Coast Migrant Head Start Project

Learning Outcomes: Identify your program’s family financial literacy needs, and evaluate existing family supports. Develop and action plan to integrate family engagement in Family Financial Literacy services. Devise parent training strategies integrating interactive Literacy Activities and Family Goals.

Head Start Program Sec. 648 Technical Assistance and Training … parent involvement and services designed to increase family literacy and improve parenting skills; and …; (vii) … job skills, and adult and family literacy, including financial literacy,… Sec. 637 Definitions (4) The term "family literacy services" means services that are of sufficient … training that leads to economic self-sufficiency and financial literacy.… 1302.53 Community partnerships and coordination with other early childhood and education programs. … adult or family literacy, adult education, and post-secondary education institutions, and agencies or financial institutions that provide asset-building education, products and services to enhance family financial stability and savings; … 1304.40(e)(3) 1304.40(e)(4)(i) & (ii) 1304.40(e)(5) 1304.40(f)(2)(i), (ii) & (iii) 1304.40(b)(2) 1304.40(e)(1)

What data says… Nearly half (44%) of all households in major American cities are financially vulnerable—without assets or adequate savings to cover basic expenses for even three months in the event of an emergency, such as a job loss or health crisis. The inability to bounce back from financial pitfalls is not only a detriment to families but also to the economic growth of the cities in which they live. http://localdata.assetsandopportunity.org/about

In a scale of 1 to 10, how well do you manage your money?

What is Family Engagement? How does it look when a family is engaged?

National Standards for Family Engagement Welcoming all families into the school community (active participants; feel welcome and valued) Communicating effectively (two-way, meaningful communication) Supporting student success (collaboration to support students’ learning and healthy development both at school and at home) Speaking up for every child (families empowered to be advocates for our children) Sharing power (equal partners in decisions that affect children & families) Collaborating with the community (collaborate to connect students, families, and staff to expand opportunities and community services)

Family Engagement in Family Financial Literacy Make it fun! Create a way for families to share their experiences with others Invite community agencies to provide financial workshops Promote the financial literacy message throughout your center Consider the family culture and language

The Importance of Family Engagement Family engagement in education is related to a range of benefits for students, including improved school readiness, higher student achievement, better social skills and behavior, and increased likelihood of high school graduation. The strongest research evidence indicates that parental beliefs, attitudes, values, and childrearing practices, as well as homeschool communication, are linked to student success. (Harvard Family Research Project)

What is Financial Literacy? The ability to use knowledge and skills to manage one's financial resources effectively for lifetime financial security. Financial literacy provides families with skills to set goals for using financial resources, make plans, and use the plans to meet financial demands.

Let’s identify family financial needs and family supports Family Needs Assessment: Family Engagement Outcomes As you conduct the assessment practice active listening Parent Survey for Family Financial Literacy needs

Family Financial Literacy Action Plan Needs to be in writing Make a plan and work with someone Have a long term vision to be debt free Learn to live on less Stop going into more debt Give to others Teach it to your children The home school Magazine.com

Planning for Family Engagement in Family Financial Literacy Questions to consider? How do I know what to include in the family financial literacy program? Can I develop the lesson with the families? How can I support the families teaching these lessons to their children? How will I know if working? Family Partnership building process Fatherhood Initiative Family Literacy Event Home Visits Adult Education Home Learning Activities And…

LET’S LOOK AT THE MATERIALS FOR FAMILY FINANCIAL LITERACY!

Actividad en grupo…

Family Financial Literacy implementation results Parent found the financial materials interesting Easy to use and inexpensive to replicate Some lessons were included in the classroom lesson plans Staff wants more materials in financial literacy

THANK YOU!