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Welcome to A.G. Edwards JA Finance Park

Welcome to A.G. Edwards JA Finance Park. Volunteer Training. Thanks for your help!. JA Finance Park Tour. Mort. Real-world businesses represent different budget categories and places of employment. In 17 budget categories, students decide how to spend their income. The Truth Revealed.

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Welcome to A.G. Edwards JA Finance Park

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  1. Welcome toA.G. EdwardsJA Finance Park Volunteer Training Thanks for your help!

  2. JA Finance Park Tour

  3. Mort

  4. Real-world businesses represent different budget categories and places of employment. In 17 budget categories, students decide how to spend their income.

  5. The Truth Revealed Students get acquainted with their financial situation.

  6. The Big Search Housing Students research their spending and saving options.

  7. The Budget Puzzle Students make their choices and balance their budget.

  8. The Final Commitment Students put their budgets in practice and pay bills.

  9. Students track the value of a stock portfolio throughout the day. The consequences of using credit are stressed in a couple of ways as students make spending decisions.

  10. JA Finance Park Map Student “cubbies” Center courtyard Adult “cubbies” Lunch in Food Court Adult Restrooms Housing Nonprofit Mortgage Unlucky Home Improvement Students do not leave this area all day. Restrooms are in park. Medical Center 4

  11. The Students’ Experience • Get a job and a family situation • Determine your Net Monthly Income (NMI) • Calculate guidelines and balance a budget • Make spending and saving decisions • Track the value of a stock portfolio • Pay bills

  12. Your Volunteer Experience • Provide guidance • Help with calculations and critical thinking • Monitor student progress • Facilitate student learning

  13. Four Main Parts • The visit day is broken into 4 stages • The Truth Revealed • The Big Search • The Budget Puzzle • The Final Commitment

  14. Volunteer Tools Bin of materials on each table in business Volunteer Manual Stage-by-stage instructions Answers for student worksheets Calculators for students to use Pencils with erasers Extra forms JA staff members will be on hand to help and answer questions all day.

  15. Volunteer Map for Today • Broken into 4 sections based on the activities for the day • Check-off what you have done 12

  16. Student Portfolio • At work station in business • Students assigned business and account before arriving • Portfolio has 4 worksheets to complete • Also Life Situation ATM card and Job Description

  17. The TruthRevealed • Students • get portfolio and job description • get Life Situation ATM card • Login with account number, PIN, and name • Calculate Net Monthly Income (NMI) • Calculate Budget Guidelines • You • Help with directions and keeping them on task • Help with math • Verify student work

  18. Students’ Map for Today 5

  19. Life Situation ATM Card Busch Entertainment “Life Situation” is located on the back of debit Card

  20. Log-in Screen • Student enters Account Number and PIN from ATM card • Enter name • Confirm that name is correct

  21. There is probably nothing wrong with computer. During some stages, nothing happens at some computers. Check with JAFP staff if any question! Computers showing this screen are resting. Please do not disturb them.

  22. Net Monthly Income (NMI) • Gross Annual Income and Monthly Taxes on Life Situation ATM card • Calculate Gross Monthly Income • Deduct Taxes • Add Lucky Chance Card (we’ll call these out) • Arrive at Net Monthly Income • Use Volunteer Manual on table to confirm 6

  23. Budget Guidelines • Use NMI to calculate budget guidelines • Minimum and Maximum payment only (Step 1 & 2) • No decisions yet (Step 3 – later) • Both sides • Use Volunteer Manual to check, if necessary 8 Round figures to nearest dollar!

  24. The Big Search • Students • Collect option sheets from each business • Print Stock Portfolio • You • Point students in right direction to get option sheets • Don’t make any decisions yet! 5

  25. Sheet with general information (look for bin) Prints with your information (look for printer)

  26. Student Checklist

  27. Commerce Bank – 4 things Auto Insurance – 2 computers Computers – nothing during this stage Bank Savings Option Sheet bin Home Insurance – 2 computers Not for Profit

  28. Personal Investment Report • The stocks they own and how much they are worth • Each student gets a different portfolio • Checks prices 3 times • Opening • Midday • Closing 9f

  29. The Budget Puzzle • Students: • Make budget decisions based on options available • Try to balance to zero on paper • Get Midday stock prices • You • Help with decision making process • Help with math 8

  30. How? 594 594

  31. Each budget decision (Step 3) must fall between its minimum and maximum guidelines.

  32. The total retail amount of the Furniture and Home Improvement packages exceed student’s maximum guideline on Budget Guidelines (green) sheet. Student chooses payment between minimum and maximum guidelines 1 499 86 9d

  33. Housing & Mortgage (line #2) Housing Mortgage • Make your Housing choice Then, see how your Mortgage credit rating affects payment. Insert on Line #2 • Adjust payment based on credit rating: • If Excellent rating, deduct $10 from housing • If Average rating, add $0 • If Poor rating, add $10 to housing 9c

  34. Total Payments (Expenses) = NMI $0 The project is for the students to plan how they are allocating their money each month.

  35. The Final Commitment • Students • Make payments at all businesses • Get closing stock price from Edward Jones • Balance budget and complete Budget Checkout • Complete checkbook register • You • Help students make payments • Guide students through balancing problems

  36. Students Pay Bills! • Students go to businesses and enter payment on computers. • Enter Account Number and PIN • The amount MUST be between the minimum and maximum guidelines.

  37. Credit Payments 499 83 Click calculate, the Submit

  38. Using Checkbook Register 1580 Enter net monthly income(NMI) in the box under Balance.

  39. Recording Payments 1580 Schnucks 300 1280 Busch Entertainment 50 1230 • Enter the business name and transaction amount. 2. Subtract Transaction Amount from Balance. Enter the new balance below.

  40. Did the students balance?

  41. Budget Checkout The balance should be zero! Credit Summary!

  42. Volunteer Manual – Samples Home Improvement (#13) and Furniture (#12) Housing and Mortgage (#2) Edward Jones

  43. Additional Information Adult Restrooms • Lunches • Restrooms • Food & Drink • Personal items

  44. Give It a Try? • Calculate NMI – page 7 • Check your work – page 7a • Calculate ranges – page 8-9 • Check your work – page 9a • Make some decisions • Option Sheet samples • Pages 8-9

  45. Thank you in advance for your help!

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