1. Financial Education Program WELCOME !

2. Best $50 ever spent?
Worst $50 ever spent?

3. Financial Education Section 1: Goals, Assets, and Earnings
Section 2: Spend, Save, and Invest
Section 3: Review Taxes, Manage Risk, and
Protect Your Money
Section 4: Getting, Using, and Managing Credit

4. Goals, Assets, and Earnings
Section 1
Goals, Assets, and Earnings

5. Pre-Session Assessment
GAE Page - 3

6. Objectives Knowledge Actions
Identify personal assets and opportunities to use them
Identify the components of SMART financial goals
Identify cash and non-cash sources of income
Recognize the difference between gross and net pay
Become familiar with employer provided benefits
Create a checklist of personal assets and use to improve financial position
Set SMART financial goals
Calculate gross and net monthly income
Ask questions, compare options, and select the employee benefits that are right for you

7. Assets

8. Something of value as in a
An Asset Is . . .
Something of value as in a
possession or quality.

9. Personal Assets Education Diplomas and Degrees
Apprenticeships and career certificates
Workplace training programs
Enrichment classes
Self-study programs

10. Personal Assets Skills & Talents Physical Academic Practical Strength
Endurance
Academic
Problem solving
Communication
Practical
Crafts
Hobbies

11. Personal Assets Personality Describe yourself
How would a family member describe you
How would a friend describe you
How would a co-worker describe you

12. Personal Assets Connections Immediate circle of influence
Who do you respect most and why?
Do/did you have a mentor?
Who can you rely upon?
Who has helped you along the way?

13. *Don’t be afraid to sit down with your HR department and
CREATE OPPORTUNITIES
Update and send your resume to:
Current employer’s HR Department*
Connections
*Don’t be afraid to sit down with your HR department and
talk about job openings and training opportunities within your organization.

14. Things that nobody can take away from you!
Personal Assets Are…
Things that nobody can take away from you!

15. Goals

16. Goals are what YOU want out of life!
Setting Goals
Purpose of Goals:
Formalize priorities
Provide reason and direction
Guide decision making
Increase chance of achieving success
Goals are what YOU want out of life!

17. SMART Financial Goals Set SMART Financial Goals: S - Specific
M - Measurable
A - Action-Oriented (Achievable)
R – Realistic (Relevant)
T - Timely

18. SMART Financial Goals GAE Page - 10 $600 (M) 12/31/xx (T) 1/1/xx (T)
Pay (A) off $600 credit card debt within a year (S)
$600 (M)
12/31/xx (T)
1/1/xx (T)
12 (T)
$50 (R)
Save $3,000 for a cash reserve in three years
$3,000
12/31/xx
1/1/xx 36
$85
Save $250,000 for my retirement in 30 years*
*Assuming 7% rate of return
$250,000
12/31/xx
1/1/xx
360
$205

19. Earnings

20. Income Four Square 1. CASH In 2. NON-CASH In 3. “Off the Top”
4. Options for More

21. Non-contributing household members
Short-Term Resources
COMPASS
Community
organizations
Non-contributing household members

22. Gross vs Net Pay 3 4 5 1 2

23. More Than Just a Paycheck
Employee Benefits:
Make people want to work for the company!
Help workers learn more job skills!
Keep workers healthy and secure their futures!

24. Job Benefits Game
GAE Page - 15

25. More Than Just a Paycheck

26. More Than Just a Paycheck

27. More Than Just a Paycheck

28. More Than Just a Paycheck

29. More Than Just a Paycheck

30. NEW
EMPLOYEE
FEUD

31. What form must new employees complete that proves they are eligible to work in the United States?
1099

32. What are you exempt from if you are an “exempt” employee?
Federal Income Tax
Bonuses
Overtime
Working

33. Which is not a tax withheld from pay?
Sales Tax
Federal Income Tax
State Income Tax
FICA

34. What form tells employers how much federal tax to withhold from pay?
1099

35. Which is not an employee benefit deduction?
401(k)/403(b)
Flexible Spending Account (FSA)
Health Insurance
FICA

36. What is the safest way to receive your wages?
Cash
Payroll card
Paycheck
Direct deposit

37. BONUS
ROUND

38. What is FICA? Federal Income Credit Account
Federal Insurance Contribution Act
Federal Income Credit Act
Federal Income Calculation Account

39. THANKS
FOR
PLAYING!

40. Next section: Spend, Save, and Invest
Recap
We’ve covered:
Identifying your personal assets
Setting goals according to your priorities
Earnings and other resources
Gross vs net pay
Employee benefits
Next section: Spend, Save, and Invest

41. What Comes In: Add It Up
GAE Page - 24

42. Take Action

43. Please complete the session evaluation form.

44. Learn More
GAE Pages – 25 & 26

45. Financial Education Program Thank You!