Talking Fin Lit

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 Join us for an episode about connecting current financial issues to financial literacy.

Now for something very different as Mark and Kathy consider the recommendations made by Ross Perot to re-examine the national debt. How could it be this statesman is guiding us to financial literacy education?

In this episode Mark and Kathy discuss the National debt as a basis for financial literacy education. The Ross Perot Charts site offers abundant resources for information, education and critical analysis of how government economics impacts personal finance. http://perotcharts.com/

“The cowards never started, the weak died on the way, and the courageous survived.” Pioneer’s Creed

“We need action this day”

- Winston Churchill

 Resources

Babylon Today -National Debt Clock

http://www.babylontoday.com/national_debt_clock.htm

Zfacts.com

http://zfacts.com/p/461.html

 

Webquest on Democracy and National Debt

Look at Who’s Footing the Bill!

 http://www.kn.att.com/wired/democracy/debtquest.html

 

Contact Us

You may contact Mark and Kathy by

• leaving a comment here on the blog/site
• emailing us at podcast@talkingfinlit.org

Podcast Feed:

Our podcast feed is: http://feeds.feedburner.com/talkingfinlit

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Talking Financial Literacy is produced in collaboration among the MS in Adult Education and HRD at Fordham University and The McGraw-Hill Companies.

• (C) Talking Financial Literacy is copyrighted by The McGraw-Hill Companies, 2008. All rights reserved.

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 Episode 7 TV411- Managing Your Money- Curriculum Play Now | Download (1742)

Dr. Kathy King and Mark critical issues in Managing your Money on the personal, local, national and global scope. From rising fuel and food costs, to food riots. How do they interconnect? Then down to the educational connections. Kathy delivers a sample copy of TV411 Financial Literacy  curriculum. You get and inside view of the depth of the material and how it can be used. Please note this curriculum was chosen for review because of the high caliber of TV411 in the public education field. This program is not endorsing the product, nor do we receive benefit from any purchase. Tune in for a vibrant episode that covers the ground of global events, to how do we help students of all ages navigate their financial lives.Curriculum Options  TV411 Financial Literacy “Minding Your Money”

• Produced by KET (PBS television network in Kentucky)
• http://www.ketadultlearning.org/adult/tv411_kits.htm
  
• Regarding use in school: the site says “More than half the states in the U.S. have licenses for one or more series — with great discounts! Call 800.354.9067 to find out if your state is one of those”

Abundant additional web-based materials from KET and TV411

• Managing your money-related articles
  • Examples:
  • Financial Management
  • Tax Tip
  • Playing the lottery: What does it cost you?
• Many additional Math lessons
  • Math lessons
  • Math lessons in Spanish

TV411 FINANCIAL LITERACY KIT (Description for TV411)
By teaching how to track and control spending, save money, shop, and use credit responsibly, this kit helps learners achieve their financial goals.
Six units:
* What’s on the Stub? Understanding Your Paycheck
* Reading the Fine Print: Don’t Be Fooled
* Rent-to-Own: Is It Really a Deal?
* Wise Decisions: Selecting and Using Credit Cards
* Getting on Track: Making a Budget
* A Home of Your Own: From Dream to Reality

NYACCE New York Association of Continuing/Community Education
Conference where Dr King learned of TV411 curriculum

Special thank you to Tony Buttino, of Buttino Bunch Media, for loaning us the kit for review from his inventory at !

Articles discussed in this  episode:

Rice and Wrong, Food Costs Flummox

Article at The Street.com by Suzanne Barlyn

 Excerpt for the article: Food prices are igniting riots in developing countries — and quietly claiming a chunk of my family’s bottom line. Record rice and wheat prices were clearly reflected in my family’s recent $350 grocery bill for mostly grain-based and dairy products. The continuing global agricultural crisis has obviously ensnared my local community and probably many others.

Inflation Calculators –

A few examples of the may available on the web

• NASA’s Inflation calculators http://cost.jsc.nasa.gov/inflate.html
• This site has a list of many but also includes such highly technical ones as
• Consumer price index (CPI) inflation calculator http://cost.jsc.nasa.gov/inflateCPI.html
• Employment cost index inflation calculator http://cost.jsc.nasa.gov/inflation/eci/inflateECI.html
• GDP Deflator inflation calculator http://cost.jsc.nasa.gov/inflateGDP.html

Still more!

• The inflation calculator: http://www.westegg.com/inflation/
• Money Chimp Inflation calculator- www.moneychimp.com/articles/econ/inflation_calculator.htm
  • provides some concise explanation of how it s tied to Bureau of Labor Stats and Feds.
• Cost of living calculator -comparisons http://www.bestplaces.net/col/

Contact Us

You may contact Mark and Kathy by

• leaving a comment here on the blog/site
• emailing us at podcast@talkingfinlit.org

Podcast Feed:

Our podcast feed is: http://feeds.feedburner.com/talkingfinlit

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Talking Financial Literacy is produced in collaboration among the MS in Adult Education and HRD at Fordham University and The McGraw-Hill Companies.

• (C) Talking Financial Literacy is copyrighted by The McGraw-Hill Companies, 2008. All rights reserved.

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 Episode 7 TV411- Managing Your Money- Curriculum Play Now | Download (1742)

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 Episode 6 Entrepreneurship is "Nifty" aka NFTE -Interview with Dan Rabuzzi [26:56] Play Now | Download (1859)

Kathy and Mark share insights and resources on the topic of using entrepreneurship as a focus for student financial literacy. The centerpiece of this episode is Part 1 of an interview with Dan Rabuzzi , national program director for NFTE (The National Foundation for Teaching Entrepreneurship). This compelling interview provides valuable insight into the power of using this model with students as they take the CEO seat and realize the details and reality of finance. In our changing world careers are very different and many students will in fact be small business managers, consultants or CEOs. Therefore this knowledge and exposure needs to expanded beyond our business classes and CTE programs solely. NFTE is a great model of a program that works.Added to this exciting interview, Mark and Kathy also provide an article to kick off the episode and  new media resources which will help your students dialogue with others on the topic of financial literacy and entrepreneurship. Growing their global perspective, building their understanding of personal finance, enabling students to create content- all empowering principles for our classrooms.

 

Join us for this exciting episode as we explore the global realm

of personal finance for financial literacy education.

Lead News Article

“Students learn to create, not find, jobs”

http://www.cnn.com/2003/EDUCATION/02/14/student.entrepreneur.ap/index.html

Report: Many Indiana students poorly prepared to manage money
Six of ten Indiana high-school students failed a national money-management survey, and about the same number say they learned everything they know about the topic at home, according to a new Indiana Youth Institute report. Schools would do well to instruct students on money management, helping them to distinguish between wants and needs and the proper use of debit cards, said Lena Yarian, president of Junior Achievement of Northern Indiana. The Journal Gazette (Fort Wayne, Ind.) (6/2)

Resources

Young Entrepreneur

Discussion forums for younger entrepreneurs http://www.youngentrepreneur.com/

and BLOG http://www.youngentrepreneur.com/blog/

Retire at 21

http://www.retireat21.com/top-young-entrepreneurs/

Contact Us

You may contact Mark and Kathy by

• leaving a comment here on the blog/site
• emailing us at podcast@talkingfinlit.org

Podcast Feed:

Our podcast feed is: http://feeds.feedburner.com/talkingfinlit

---

Talking Financial Literacy is produced in collaboration among the MS in Adult Education and HRD at Fordham University and The McGraw-Hill Companies.

• (C) Talking Financial Literacy is copyrighted by The McGraw-Hill Companies, 2008. All rights reserved.

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 Episode 6 Entrepreneurship is "Nifty" aka NFTE -Interview with Dan Rabuzzi [26:56] Play Now | Download (1859)

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We are pleased to bring the 2nd half of the the interview with Lloyd Bromberg, Director of Education Services, Federal Reserve Bank of New York, to our Talking Fin Lit listeners! Mark and Kathy discuss the interview high points and specifics regarding the resources which are mentioned.

• 1st Half of the Interview may be found here-  Episode 2  = Interview part 1: [[  CLICK here ]]
  
• 2nd Half of the Interview may be found here- Episode 5 =  Interview part 2: [[  Click here ]]
  

Mr. Lloyd Bromberg discusses the program which his federal reserve Education program is offering to NYC students and replicating in Puerto Rico. Resources including a 3 part program which also has online curriculum available. The discussion also includes whether such a program should be mandated in all schools and discuss the pros and cons given the demands schools have on them already and yet the importance of inclusion in a mandated program.

Articles & Items:
1. Article:  Pupils learn what counts (Fredericksburg.com)

“Most third-graders know two things about money: you need it to buy a Wii, and it doesn’t grow on trees.
While those are important things to understand, they don’t really capture the complexities of a financial world that can baffle the brightest business school student, and they certainly don’t prepare a youngster for the challenges that await them after graduation….”
2. Map of Federal Reserve Districts
www.federalreserve.gov/otherfrb.htm

3.  Federal Reserve Bank of San Francisco (District 12)
http://www.frbsf.org/

A sampler of educational resources from District 12

• Fedville
  http://www.frbsf.org/education/fedville/
• Fed Chairman Game
  http://www.frbsf.org/education/activities/chairman/

Reminder about the ISTE NECC MEET-UP! 

• June 30, 2008- San Antonio, TX
• You are invited!
• Raffle prizes from Otterbox for iPods and iPhones
• Learning and networking opps- even be part of a podcast
• You are invited! Read more…

Contact Us

You may contact Mark and Kathy by

• leaving a comment here on the blog/site
• emailing us at podcast@talkingfinlit.org

Podcast Feed:

Our podcast feed is: http://feeds.feedburner.com/talkingfinlit

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Talking Financial Literacy is produced in collaboration among the MS in Adult Education and HRD at Fordham University and The McGraw-Hill Companies.

• (C) Talking Financial Literacy is copyrighted by The McGraw-Hill Companies, 2008. All rights reserved.

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Online Resources for Classroom Use AND

Materials that Will Assist Learners See Financial Realities

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How often are you looking for resources to make your math classes, social studies, global studies, history or economics classes relevant and interesting! We have found the resources for you. Featuring online resources such as Jump$tart’s Reality Check, Choice Nerd’s Budget tools, CNN Money’s calculators and also inflation calculators cost of living calculators, and credit card calculators to use as powerful ready-made tools for teaching and learning.

Special, Stunning Announcement about the ISTE NECC MEET-UP!

• June 30, 2008- San Antonio, TX
• You are invited!
• Raffle prizes from Otterbox for iPods and iPhones
• Learning and networking opps- even be part of a podcast
• You are invited! Read more…

Articles & Items for this Episode of

Talking Fin Lit

1. Article: School promotes financial literacy (dailyillini.com – The Associated Press)

2. Highlighted Resource – Jumpstart’s Reality Check (Jumpstart Coalition) http://www.jumpstart.org/realitycheck/pgv_money_rc_main.html

“Okay…we’re not going to bore you with a lot of details here. Simply put: we want you to imagine how you want to live once you’re on your own. What kind of car are you going to buy? Where are you going to live? Do you love to go to the movies or to the clubs every weekend? Remember, it’s your life, you can do whatever you want…or can you?

Imagine the possibilities…then take our simple test. Fill in your choices and then get ready for a reality check! Chances are you’ll be surprised by how much your so called “Dream Life” is going to cost you…”

Additional Online Resources:

More types of interactive calculators than you can imagine! Listen in as we explore just a few of the ways you may teach a variety of content lessons with learners of all ages.

1. Sample budget (online) from Choice Nerd
2. Cost of Living Calculators from CNN Money.com

a) How far will my salary go in another city? http://cgi.money.cnn.com/tools/costofliving/costofliving.html also – http://www.bankrate.com/brm/movecalc.asp

b) Ideal Budget”You only have so much money — make sure you’re spending it in the right places.” http://cgi.money.cnn.com/tools/budget101/budget_101.jsp

c) Salary Wizard http://salary.money.cnn.com/salarywizard/layoutscripts/swzl_newsearch.asp

• Inflation Calculators – Money’s Real Worth Over Time -
• COINNEWS
• Westegg Inflation

• Credit Cost Calculators
• http://www.consumercredit.com/CC-interestCalc.htm

• Debt Payoff Goal Calculator
• http://www.consumercredit.com/debt-payoff-calc.htm

• Choose to Save Calculators
• http://www.choosetosave.org

Contact Us

You may contact Mark and Kathy by

• leaving a comment here on the blog/site
• emailing us at podcast@talkingfinlit.org

Podcast Feed:

Our podcast feed is: http://feeds.feedburner.com/talkingfinlit

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Talking Financial Literacy is produced in collaboration among the MS in Adult Education and HRD at Fordham University and The McGraw-Hill Companies.

• (C) Talking Financial Literacy is copyrighted by The McGraw-Hill Companies, 2008. All rights reserved.

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 Episode 3: Reality Check in Financial Literacy! [30:06] Play Now | Download (1982)

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Interview with Lloyd Bromberg, Federal Reserve Bank of NY, Director of Education Services

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Join us for this exciting episode of top news items and US federal resources for financial literacy. It’s Not Too Late – Flagging Economy Propels Financial Education discussion with Mark and Kathy combined with an educator’s interview with the Federal Reserved.

 

An interview with Lloyd Bromberg/ Director of Education for Federal Reserve Bank of New York

Articles Presented in the Episode:

A. The Next Slum? (Atlantic ) http://www.theatlantic.com/doc/200803/subprime

B. Flagging Economy Propels Financial Education http://www.edweek.org/ew/articles/2008/02/20/24finance.h27.html Resources Presented in the Episode:
1. Federal Reserve Bank of New York: http://www.newyorkfed.org/
· Education Section of above: http://www.newyorkfed.org/education/index.html

• Econ Bowl
  The Federal Reserve Bank of New York invites upper elementary and middle school social studies classes to participate in the Econ Bowl.

http://www.newyorkfed.org/education/elemiddleschool.html

• Econ Explorers Journal “ Discover the world of economics in your home, neighborhood and school by completing your Econ Explorers Journal” – Downloadable PDF curriculum

http://www.newyorkfed.org/education/econexjrnl.pdf

Also –

• Federal Reserve Education
  http://www.federalreserveeducation.org/FRED/?CFID=8591833&CFTOKEN=21338021

• Federal 101 http://www.federalreserveeducation.org/fed101/
  

2) Citi (Citigroup) Citi Financial Education Program

http://financialeducation.citigroup.com/citigroup/financialeducation/

Citi Financial Education Videos
http://financialeducation.citigroup.com/citigroup/financialeducation/videos.htm

3)ING Direct

Planet Orange – Financial Literacy Web Site for Kids

http://www.orangekids.com/

Contact Us
You may contact Mark and Kathy by

• leaving a comment here on the blog/site
• emailing us at podcast@talkingfinlit.org

Podcast Feed:

Our podcast feed is: http://feeds.feedburner.com/talkingfinlit

---

Talking Financial Literacy is produced in collaboration among the MS in Adult Education and HRD at Fordham University and The McGraw-Hill Companies.

• (C) Talking Financial Literacy is copyrighted by The McGraw-Hill Companies, 2008. All rights reserved.

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Financial Literacy is Mission Critical Lifelong Learning

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Welcome to the series! Our first episode provides an introduction to the new world of Financial Literacy. Talking Financial Literacy is a global discussion dealing with educational needs emerging from the ever changing world of personal finance. Co-hosted by Mark Gura and Dr. Kathleen P. King (Kathy) this new series provides professional development and resources for educators, students and lifelong learners. Finding our way to and through the impressive amount of material on this subject, this 24 episode series will be both a report and an investigation.

Defining Financial Literacy
A continuing theme… let’s begin with a definition from Wikipedia http://en.wikipedia.org/wiki/Financial_literacy
Financial literacy is the ability of individuals to make appropriate decisions in managing their personal finances. Raising levels of financial literacy is now a focus of government programs in countries including Australia, Japan, the United States and the UK. …”

We will be looking for academic standards in Financial Literacy as the series progresses.

Financial Literacy is not simply enhanced by technology, but the use of tech in this area is essential!

Be heard! Email us podcast@talkingfinlit.org

• Send us an email to introduce yourself!
• Send us your feedback or your financial literacy in education topics!

Headlines

(The Need for the Population to be MORE Financially Literate)

• From Fortune Magazine: “8 Ways to Recession Proof Your Job”
• From CCN Money.com “IRS Warns of Rebate Scams”
• From CCN Money.com “Boomers: How to Age Gracefully”
• From Reuters “Pension Funds Loose 1.5 Trillion”
• From Reuters “Accounting Watchdog Proposes Pension Changes”
• From The Motley Fool “You Missed the Best Day to Buy “
• Forbes “Refinancing a Mortgage? Move Fast”
• From Money: Your Kids Don’t Need Life Insurance

We will be probing the state of financial literacy in schools

Financial Literacy (Education Specific) Headlines

• From BBC News:” Parents Back School Money Lessons” http://news.bbc.co.uk/1/hi/business/7195713.stm
• WJLA/NewsChannel 8: “Make a Resolution to Teach Kids Money Management Skills” http://cfc.wjla.com/articles/getarticle.cfm?id=52
• WJLA/NewsChannel 8: “Make Financial Fitness a New Years Priority for the Entire Family” http://www.knbc.com/money/14519332/detail.html
• White House Press Releases
  • “President Bush Announces President’s Advisory Council on Financial Literacy” http://www.whitehouse.gov/news/releases/2008/01/20080122-7.html
  • “President Bush Participates in Meeting on Financial Literacy” http://www.whitehouse.gov/news/releases/2007/04/20070425-3.html

  Recommended Resources

  • Game (grade 6 – 12) www.themint.org
  • 2006 Jumpstart Coalition http://www.jumpstartcoalition.org/
  • JumpStart Clearing House http://www.jumpstart.org/search.cfm
  • Google Alerts http://www.google.com/alerts
  • REMTECH http://www.remtech.biz/FactsAndStats.htm
    • (Commercial site with free information that is useful)
  • Financial Literacy News http://financialliteracynews.com/
  • NEFE (National Endowment Financial Education) http://www.nefe.org/
  • My CASH Counts
    • http://www.mycashcounts.org/default.aspx
    • http://www.mycashcounts.org/financial-literacy-news.aspx
  • Bank Rate (financial index) http://www.bankrate.com/brm/news/Financial_Literacy/Financial_Literacy_toc_a1.asp
  • Suzie Orman website http://www.suzeorman.com/

Contact Us
You may contact Mark and Kathy by

• leaving a comment here on the blog/site
• emailing us at podcast@talkingfinlit.org

Podcast Feed:

http://www.talkingfinlit.org/feed.xml

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Talking Financial Literacy is produced in collaboration among the MS in Adult Education and HRD at Fordham University and The McGraw-Hill Companies.
© Talking Financial Literacy is copyrighted by The McGraw-Hill Companies, 2008. All rights reserved.

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 Episode 1: Welcome & Scoping Out the World of Financial Literacy [30:25] Play Now | Download (2311)

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