Talking Fin Lit

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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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Interview with Phyllis Frankfort

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Reflections on Mark’s interview with Phyllis Frankfort, founder and director of W!SE ( http://www.wise-ny.org ) a pioneering and powerful organization for financial literacy education. Under her leadership W!SE programs reach more than 20,000 students each year including the development of a financial literacy certification. Join us as we hear the inspiring story of how she conceived, developed, and launched this program which has made a great impact in financial literacy education in schools.

Working In Support of Education (w!se) is an educational nonprofit dedicated to providing educational support services nationwide, building financial literacy, fostering business and social entrepreneurship, and preparing students for college and the global workplace.

The w!se family of innovative programs positively affects the lives of young people and improves the quality of education. w!se inspires young people to dream and prepare for their future, equips them with the tools and life skills they need to achieve their full potential, and encourages them to make good choices.

w!se serves urban secondary school students in low-to-moderate-income areas. Extensive partnerships with schools and the private sector and a reputation for sustainable programs with measurable results have made w!se a leader in the educational community.

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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 Episode 4 Words from the W!SE: Interview with Phyllis Frankfort [15:32] Play Now | Download (2098)

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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

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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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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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