Personal Financial Literacy. Financial Literacy Promotion Project Morgan Etzinger and Kirsten Etzinger Carey High School DECA Chapter

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1 Personal Financial Literacy Financial Literacy Promotion Project Morgan Etzinger and Kirsten Etzinger Carey High School DECA Chapter

2 What Is DECA? An Association Of Marketing Students Prepares Emerging Leaders And Entrepreneurs For Careers In Marketing, Finance, Hospitality, and Management Non-Profit Organization 215,000 Members In 60+ States

3 Who Is Carey DECA? Our Chapter Was Established In 1976 One Advisor Derek Cunningham 115 Members: 8 th Graders Seniors Community Service Activities & Leadership Activities Many Projects And Categories: Sports Apparel This Project Is The Financial Literacy Promotion Project

4 Who Are We? Morgan Etzinger And Kirsten Etzinger 16 Years Old Sophomores Accomplishments: Competed As 8 th Graders Placed 1 st At District & State Competition Placed 3 rd At International Conference Morgan State Parliamentarian Kirsten 3 rd In Public Relations

5 Financial Literacy Promotion Project Requirements: 30 Page Paper 15 Minute Presentation Skills And Knowledge That Allows You To Make Informed financial Decisions In The Future

6 Why Are We Passionate About This? Classes Taken: Finance Foundations Marketing Principles Business Foundations Project Over College Savings Plans: 529

7 Statistics 87% Say They Know Little to Nothing About Managing Money 77% of Teen Boys & 63% of Teen Girls are Not Keeping Track of Where Their Money Goes 58% Wish Their School Offered Financial Literacy Instruction 52% are Eagar to Learn About Money Management 1 in 5 Teens Lack Basic Financial Literacy Skills

8 Goal To Recommend That: Personal Financial Literacy Should Be A Required Semester Course For: All Students Graduating In The State Of Ohio

9 Purpose To Implement: A Semester Course On Personal Financial Literacy Required For: Every Student Graduate In The State Of Ohio

10 Activities Completed Carey Fest Christmas in Carey Financial Literacy Week BGSU Financial Simulation Real Money Real World Money As We Grow

11 Topics Banking Budgeting Retirement Insurance Taxes Loans Interest Debt Investing 529 Credit

12 Banking Checking And Savings Accounts Money Market Accounts Certificate Of Deposit Writing Checks Making Deposits ATM And Debit Cards Online Banking

13 Setting And Implementing Financial Goals: Short Term And Long Term Household Small Business Budgeting

14 Social Security 401(K) IRA Planning And Management Retirement

15 Auto/Vehicle Property/Home Liability/Umbrella Business Insurance

16 Personal Income Tax Local, State, Federal Property Tax Millage Estimated Taxes Taxes

17 Use Of Credit History Of Credit Credit Cards Credit Ratings Abuse Of Credit Credit Counseling Credit

18 Personal Loans Home, Auto, Etc. Home Mortgages Business Loans Student Loans How They Work Loans

19 Interest Income Interest Debt Ways Of Figuring Interest Simple/Compound Interest

20 What Is Debt? What Does It Mean To Be In Debt? Ways Of Reducing Or Eliminating Debt Student Loan Debt Debt

21 Mutual Funds Buying And Selling Stock Stock Portfolios Investing

22 What Are College Savings Plans? Investing In College Savings Plans Advantages/Disadvantages How To Get Involved 529

23 Proposal Clarifies That Personal Financial Literacy Course Be Taught By An Individual Who Carries A License In: Marketing Education Business Education Consumer & Family Sciences Career Tech

24 House Bill 108 Started This Idea Representatives: Hagan And McColley, Antani, Young, O Brien, Brenner, Vitale, Goodman

25 Closing Thank You For Your Time Today Any Questions?

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