Laura Ewing President/CEO 1801 Allen Parkway, Houston, TX 77019 P: 713.655.1650

1. Helping young people learn to think, choose, and make better • economic and financial choices in a global economy Cindy Manzano Director of Smarter Texas 1801 Allen Parkway, Houston, TX 77019 C: 713.503.5338 F: 713.655.1655 cindy@economicstexas.org Laura Ewing President/CEO 1801 Allen Parkway, Houston, TX 77019 P: 713.655.1650 F: 713.655.1655 laura@economicstexas.org • www.economicstexas.org • www.smartertexas.org

2. Laura RosenOpportunityTexas CoordinatorCenter for Public Policy Priorities

3. J. Pat Hickman, Chairman & CEO, Happy State Bank

4. CariRoach, Marketing DirectorStacie Smith, CRA OfficerMorgan Graser, Kids’ Bank Coordinating

5. Resources for lessons: • Financial Fitness For Life • Spiraled Curriculum • Kindergarten – Grade 2 • Grades 3 – 5 • Grades 6 – 8 • Grades 9 – 12

6. What is personal financial literacy?

7. What are some misconceptions elementary children have about money?

8. Lesson 1 The Grasshopper and the Ant

9. “You can’t have your cake and eat it too.”

10. Use time to play soccer or basketball • If I choose to play soccer during recess, my opportunity cost is the chance to play basketball. • Use money to buy a toy or a snack • If I buy a toy, my opportunity cost is the snack that I would otherwise have purchased with the same amount of money. Opportunity Cost

11. Use time to watch TV or study for math test • If I use my time to watch television, my opportunity cost is studying for my math test. • Use allowance to buy new video game or save it • If I save my allowance to purchase a new video game, my opportunity cost is the things I would otherwise have bought with the same amount of money. Opportunity Cost

12. Share an example using the term opportunity cost. • Why did you choose one alternative over the other? • What influenced your choice? Opportunity Cost

13. Let’s read The Grasshopper and the Ant

14. Borrow • Spend • Save • Earn • Bank • Interest • Opportunity cost Listen for these words:

15. What is spending? • What is savings? • What was the ant’s messagethe moral of the story? • What does this message mean to you? • How did the ant earn the money she was putting in the bank? The Ant

16. Think of time you made a choice, like the grasshopper, and later wished that you hadn’t made that choice. The Grasshopper

17. Where did the ant save her money? • How did the ant explain the concept of interest to the grasshopper? • Why didn’t the grasshopper understand what the ant was saying about interest?

18. Banks pay interest

19. Giving up some of one thing to get some of another thing. • Not buying a new television set now in order to have money for new tires for the family car. Trade-off

20. What did the ant say we give up when we spend? • What did the ant call the next-best alternative that is given up when a choice is made? • “What did the ant say the bank pays her to save? • What is interest? Closure

21. Lesson 2 Savings Starts with Wanting More – Part 1

22. Repairing a bicycle • Grooming a dog • Watching a movie Goods and Services

23. What do these 4 things have in common?

24. Sources of income

25. Chores as a source of income

26. Where can students keep their savings? • Do you decide whether or not you will save money, or do your parents make that decision for you? • Why do you save? Saving Money

27. Goal

28. Fold a blank sheet of paper hamburger style. • Write your name on the top right. • Write “My Savings Plan” on the front cover. • Decorate cover page only. My Savings Plan

29. Set a Goal • Calculate a Savings Plan • Where Will I Save My Money? My Savings Plan

30. List 10 goods and services that you want to have. Step 1: Set a Goal

31. Lesson 3 Savings Starts with Wanting More – Part 2

32. Is your savings target realistic? • Can you really set that amount of money aside each week or month? • What can you do if the targeted amount is too much or too little? • What will you give up by saving the targeted amount each week or month? Step 2: Calculate a Savings Plan

33. Incentive Step 3: Where Will I Save My Money?

34. Incentive - a reward or penalty that influences how people behave. Step 3: Where Will I Save My Money?

35. Lesson 4 Saving Starts with Wanting More – Part 3

36. Rodrigo put his birthday money into his account. • Rodrigo wrote a check to pay the vet bill. • Rodrigo used his debit card to get money out of his account. • The bank pays you $1.25 in interest. Deposit or Withdrawal

37. What was the beginning balance on October 31, 2009? • How much did Ms. Savealot deposit during November? • How much was withdrawn during November? • How much interest was earned this month? • What is the ending balance in the account on November 30, 2009?

39. in out Savings Account Register

40. Savings Account Register

41. Savings Account Register

42. Savings Account Register

43. Choose your partner. $100,000 Pyramid Game

44. Goal • Services • Withdrawal • Opportunity cost • Interest Game 1

45. Bank • Short-term goal • Income • Trade-off • Deposit Game 2

46. Lesson 5 It’s a Balancing Act

47. Income Expenses Saving Budget

48. GROSS INCOME – TAXES = NET INCOME • NET INCOME = $1200 Net Income

49. You will need Ex. 15.1, Act. 15.2, scissors and glue

50. Remain the same month to month Fixed Expenses