Money Smart for Adults


>>Good afternoon. My name is Bobbie Gray and I’m here with my
colleague, Tina Queen. And we’re both from the FDIC, the Federal
Deposit Insurance Corporation. We know that you are familiar with the FDIC,
which was founded in 1933 as a independent agency whose primary mission was ensuring
safety and soundness in the financial regulatory system, ensuring public confidence in the
banking system, also consumer protection. FDIC receives consumer complaints and resolve
assets when a bank fails. Today, Tina and I are joining you from Washington
DC in our headquarters office, but we also have colleagues around the country. We have six regional offices, San Francisco,
Kansas City, Chicago, New York, Atlanta. We have two area offices, one in Memphis and
one in Boston. So they will also be your local contacts. We will help you–we can help you with your
training here from Washington, but they are also in your local communities. Many of you may be working with them already. So, why is the FDIC involved in financial
education? Every two years, FDIC has been tasked with
conducting a unbanked household survey, unbanked and underbanked. It’s Congress–it’s a requirement from Congress. So this year we learned that 25% of US households
are unbanked. Meaning that people don’t have a relationship
with a financial institution at all, whether it be bank or credit union. And then we have individuals who are underbanked,
meaning that Bobbie Gray may have a bank account because I’m a federal employee and my check
is deposited every two weeks, but I may still be going to–using alternative financial services
or buying money order to pay my bills. And then people are still recovering from
the recession. So, FDIC created its Money Smart curriculum
in 2001 as a tool to educate because if we provide people with education, then that can
help them make sound financial decisions for themselves. So today, Tina and I are going to give you
a overview of our newly released 2018 version of Money Smart for Adults. So remember I said the first version was released
in 2001. It was a major update in 2010. And so now here we are releasing this 2018
version. We’re excited and we hope you will as well. Next, we’ll talk about how to use the curriculum
in your trainings. Maybe you’re going to host a lunch and learn,
and you want to talk to employees about credit or debt. We have a new guide to presenting and then
we’re going to talk a little bit more about how to connect with the FDIC and some of the
resources that we have available. The purpose of today’s webcast is to share
information with you so that you can deliver training to your diverse audiences and some
tips around making it engaging and effective. So, who uses Money Smart for Adults? As you can see, there’s a variety of organizations
because collaboration is key for us. And today, we realize that all of us work
for federal agencies. So–but we can also collaborate with financial
institutions for example. You may have a guest speaker come in, not
to sell a product but to talk about what are lenders looking for if you were conducting
a webinar on credit for example. So Tina is going to give you an introduction
to Money Smart.>>Thanks, Bobbie.>>Uh-hmm.>>Money Smart is a comprehensive financial
education program. FDIC developed Money Smart for the low and
moderate income consumers in hopes that they will make better banking decisions, engage
in getting a bank account and also so that they will use more services, as Bobbie mentioned,
about the underbanked, that they would use more of the services available to them once
they have entered the banking mainstream. We have Money Smart products to teach others. For example, we have the Money Smart for Young
People, Pre-K grade to 12, Money Smart for Young Adults ages 12 to 20, Money Smart for
Adults, which we’ll elaborate a little bit more on today. Money Smart for Small Business. Now Money Smart for Small Business are for
entrepreneurs that may not have the funding to go out and take a class and they really
need to understand how to set up their small businesses or they’ve already set up their
small businesses and they may have made some mistakes in setting them up, or they just
need some additional information. FDIC created Money Smart for Small Business
with the Small Business Administration. Sorry. And then we have Money Smart for Older Adults,
which is in English and Spanish. All of these are downloadable right to your
desktop. Then we have products for those of you who
want to do self-pace learning or learn on your own. Our first product for that is the Computer-Based
Instruction product, which is the CBI. We will, in 2019 or ’20, we are working on
a new CBI product. Our current product is related to our 2001
and 2010 modules and we have a two-track system. There’s an adult track and the young adult
track. And each of these tracks share modules that
you can go through. And then you’ll have an assessment. At the end of the assessment, you can receive
a certificate of completion. And that certificate just says you completed
a module. Our Money Smart Podcast Network, also known
as the MP3, is what we call your Money Smart on-the-go. That’s for those people who, you know, they
just don’t have time to sit at a computer for a while but they may take public transportation
or they can do it–they can listen to those podcasts when they exercise. We are, just as Bobbie mentioned, really excited
about our new version of Money Smart for Adults, okay? Again, this is our third update. We’ve tested it twice. We’ve already received great reviews since
our release on November the 14th. And with that release, we’ve sent out a field
and a press release. We can be reached or you can find more about
these products at www.fdic.gov/moneysmart. And moneysmart is one word. So you would say, “Money Smart has been around
for over 15 years. Why change it? Why mess with something that is working?” So our rationale for that change is new topics
come up in the industry. New financial terms, new laws. So, we want to make sure that we are current
in the information that we are providing and we add the new topics that are needed. We also want to make sure those of you that
train with our resources that you have a variety of techniques and resources to use when you’re
doing your training. And finally graphics. We wanted to give it a fresh look. We wanted to make sure it’s innovated and
it catches anyone’s eye and is relatable to current economy and current financial situations. So Bobbie’s going to give you the overview
of our newest Money Smart for Adults.>>Thank you. So the purpose of Money Smart for Adults,
again, is to provide attendees with practical knowledge and resources, helping them to manage
their finances. And for those without a banking relationships,
moving toward one, and for those of us like myself, as I mentioned, giving yourself a
financial checkup, making sure the relationship that you have with your financial institution
is the one that’s still correct for you. I have an account that I’ve had since I was
a child for example. So is that account still meeting my needs? But there are resources here, even though,
as Tina mentioned, it was developed maybe for those outside the financial mainstream. For those of us who feel we’re financially
savvy, there’s things here for everyone. So, again, we have a variety of employees
that we’re working with. We’re all in different stages. We have students, we have those who may be
almost ready for retirement, we have those mid-career. We have those who are just early starting
out. So we’re at all different financial stages,
so the curriculum can be adapted for the needs of your audiences. So whether they’re at the beginning stages
or whether you just need to learn some additional information or refresh yourself about consumer
protection laws. So, here are the 14 topics of the Money Smart. Tina’s going to take a deeper dive, so I’m
not going to spend a lot of time but as you can see, the–there are 14. Our previous version had 11. Module one is brand new. It talks about your money values and what
influences our financial decisions all the way through financial disasters. Each of the 14 modules has sections, and it
depends on the module, the number of sections. They range from two to seven. Each section, as you see, will cover a specific
topic. And for example, the–module one that I just
mentioned, it has three sections, Values and Money, Goals and Money, and what external
influences affects your financial decisions. Each section has a key takeaway, and these
are all new to the curriculum. A key takeaway captures the main message in
one or a few sentences, and you will be able to see some examples as we go through further. And this one is from module three. Your income and expenses, it tells you, the
table tells you which section. You can see there are two sections. The key takeaway for example for income, which
is section one, it says, Understand Your Income. This is the first step to using it to meet
your needs. So, a key takeaway will be found in the beginning
of a module and the participant guide and instructor guide. And it’ll be a reminder again at the end. So, module one is Your Money Values and Influences. And in this module, the participants will
get a opportunity to understand what values are and how different values can influence
your financial decisions. As Bobbie mentioned, each one of these modules’
going to have sections. And so section one for module one is Values
and Money. And so you’ll talk about in this section aligning
behavior with your values. In section two, Goals and Money. Setting Smart Goals, that’s something that
we adapted from our previous curriculum and we love it. Bobbie, from time to time, we talk about just
in work–daily work things, what’s your goals for next year? How do you plan to accomplish it? And so that’s the same thing when you want
to consider when you’re thinking about your goals as far as how you plan to spend your
money or save your money. Section three for module one is External Influences. What influences you on how you spend money? So, that’s something that we will talk about
in section three. Also, understanding that social pressures
and advertising, they are great things that can influence how one spends money as well. So, module two is You Can Bank On It, and
that covers your banking facilities, it covers different services. And it’s designed to help those who are seeking
a relationship with a bank to have–build a great relationship if they’re not using
all the resources that I mentioned earlier in the institution that they decide, whether
it’s a credit union or a bank. And that section is–section one is Financial
Products, Services, and Providers. And you’ll find things like what other financial
service providers that are available. And we’re talking about those good ones, not
those ones like payday lending or those external bank cashing locations. We want to provide you with external, other
financial services that can be helpful. How do you asset–access services. And finally, a little bit more about what
FDIC regulates, and that’s the deposit insurance. Section two mentions Opening an Account. You know, which account is right for you? What’s a good account for you? Each of us may not have the same needs, or
your needs may change as you get older. Your family changes, your financial situation
changes. So section two talks about savings and checking
accounts, and how does your banking history follow you? What report–what’s reported on you when you
go to open a new checking account? Also in module three, section three, Managing
Your Account. And then section four is Prepaid Cards, kinds
of prepaid cards, and tips for using them if you ever have the opportunity to use them. Module three is Your Income and Expenses. How can we not understand how to save if we
aren’t sure what income and expenses are? So, module three helps people understand what
income is. Income is money coming in. Your expenses is money going out. So, all sections, section one is Income, okay? And what do you know about your income? How to understand your pay statements. Section two, Expenses. Tracking your expenses and managing your expenses
can be found there. Module four, spending–Your Spending and Saving
Plan. Okay? So, we’ve explained to you what income is,
what expenses is. Now, module four helps you understand how
to develop a spending and saving plan using the con steps provided in module three. Section one for module four is Making a Monthly
Spending and Saving Plan. And that talks about increase in income and
making adjustments. I know myself, I may make a plan and I may
say, “I want to do this. I want to save this amount for six months.” Well, I may have to readjust that plan and
it’s not working or something comes up and I’m not able to save for six months. So, this section tells you how to make the
adjustment and how you’ll know when you need to make the adjustment. Section two, When Money is Short. And you never had that happened. We’ve not–we’ve all never had money being
short.>>Uh-hmm.>>And you can pay everything on time, but
we prepare you for that. And just in case you come upon a time that
money is short. What do you do when money is short? And what’s your priority when the money is
short? That can be found in section two of module
four, When Money is Short. So, up to module five. The title for that module is Your Savings,
okay? And that also helps participants think about
how to save for large purchases and unexpected expenses. Again, something that never happens to any
of us. We–things don’t happen and we don’t have
things that come up that we didn’t expect. And I–if I could reach out there, I wonder
how many people can say, “Hey, Tina, that does happen to me.” So, module five, the section one is What is
Savings? It gives you a definition on what savings
is and why saving is important for section one. Section two, Where to Build Your Savings. And it just talks about advantages and disadvantages
of savings options, the variety of options that may be at your financial institution. Another section for module five is Saving
for Unexpected Expenses, and that’s section three. Section four is Saving for Your Goals. Again, I’m re-emphasizing those smart goals
that I mentioned earlier, and large expenses. Section five for that module is Saving and
Public Benefits. Assets and Income Limits for Public Benefits,
and also Special Accounts and Public Benefits, and that’s for people who may be on a specific
income that they aren’t able to do the maybe normal things that some other [inaudible]
have, people with disabilities or people who they don’t handle their own accounts, someone
else may be handling it. Module six, the title for that module is Credit
Reports and Scores. How many of us know that it is important to
understand your credit report and know what your scores are? So, this module helps participants understand
access and improve their credit reports and scores, and how would they do that? Okay. Section one talks about your credit reports. What is a credit report? That’s the first thing you want to understand. Who uses credit reports and scores, and how
to opt out? Those are some of the things you can find
in section one. And section two talks about your credit scores,
the basics of a credit score, and what is considered good credit. You can find those things in section two of
module six. Also, section three of module six is Getting
and Understanding Your Credit Reports and Scores. Similar to just taking time out, going to
the credit bureaus, and finding out how–what’s on your credit report. So, this is going to help you with getting
that information. So, once you get that information, section
four helps you with disputing the errors you may find on those credit reports and how to
dispute them. And then finally, section five, what if I
find my credit is not so good? Build, repair, maintain a productive credit
history. Section five gives you information on how
to rebuild and repair. Now, module seven is Borrowing Basics. We did have a borrowing basics module in our
previous curriculum, and it helps participants understand options for borrowing money and
what they cost. Section one for module seven is Ways to Borrow
Money and What It Costs, Types of Loans, and The Cost of Borrowing. Section two is Preparing to Apply for a Loan. There are factors that you need to understand
that lenders are looking for when they determine if you are creditworthy. So, also understanding what co-borrowing and
co-signing means, and how a liability is with those two. Section three, Borrowing When Someone Helps
You Manage Your Money. I mentioned that on the previous slide, sometimes
others have other–someone else who takes over their financial statements, or they do
their bills, they pill their bills, they check on their bank accounts, so how do you borrow
money that way when you are in control of your finances? So we discuss in this section responsibilities
of the person helping you and what to do if you do decide to borrow money. Now module eight is managing that. This helps participants understand what that
is. So on section one, they talk about what is
debt, they give you a explanation, and how can debt affect your financial situation,
section two, How Debt Works, they give you lingo, the words that you should be familiar
with that when you go to borrow or you have debt and when you’re talking to someone at
your financial institution, words they mainly use. Section three is Reducing Debt. They–this gives you two strategies for reducing
your debt. Also on module eight–and Bobbie did mention
that some of our modules may have two sections, some of them may have four sections, module
eight has seven sections, and I will just go through the rest of them real briefly. Section four is Nonpayment of Debts and Debts
in Collection, so they’ll–you’ll find out things about that in section four. Section five is dealing with student debt
loan and we hear a lot about student loan debt in the news all the time. So this would be helpful if you have student
loan debt, and this would be helpful if you don’t, in case in the future you have the
opportunity and you need to borrow. And section six is Managing Medical Debt. Some of us have problems with getting loans
because we have medical debt. This section we felt that we needed to include. It wasn’t in our previous curriculum, but
we felt that this was just as important as dealing with student debt. So, this is a section in managing your debt,
module eight. And following section seven is Understanding
High-Cost Debt. And what is high-cost debt? What does that mean? Module nine is Using Credit Cards, and I think
that used to be to your credit in your previous–in our previous curriculum and this helps participants
understand how credit cards work, and how to manage it. Section one for this module is How Credit
Cards Work, talks about rates, fees, important terms. What’s the difference between a unsecured
and then secured credit card? And then finally for this one, section two,
Managing Your Credit Card. Reading a Credit Card Statement and Steps
for Managing Your Credit Card. Module ten. Module Ten is Building Your Financial Future. Wow. That’s a lot of big words, building your financial
future. Really important because if you don’t start
building those building blocks of your future, you won’t be prepared for those financial
decisions that you may have to make unexpectedly. So this module creates a plan to build assets
for a solid financial future, and a keyword here is the word solid. You want to do the best you can to have a
solid plan in place. So section one for this one is Assets and
Asset-Building, section two is How Assets Create a Financial Foundation, and this talks
about net worth, and how you can increase your net worth. Section three, Cars as Assets. Some people don’t understand that cars are
a assets and that they’re good access–asset, I’m sorry. And so this talks about tips for getting a
car loan. Section four, Training and Education as Assets. So module eleven, protecting your identity
and other assets. Very, very important module, we hear about
breaches all that time with different companies we may order online, government agencies have
been affected by breaches. So module eleven helps participants understand
how to predict–protect their identity and other assets. Section one of this module talks about Risk
to Your Assets, section two, how to Identify Theft and Fraud, section three, Insurance
and Record-Keeping. And in this new area of our modules, we talk
about how insurance works, how to get it, insurance, and how to keep accurate records. So module twelve, Making Housing Decisions. This helps you explore whether you’re ready
to purchase a house, rent a house, or just make housing decisions. Section one, What Are My Options? You do have options. This helps you explore what’s the best option
for you. Is renting your best option or buying your
best option? Second two, what can you afford? Some of us don’t think about certain things
that change when you’re renting and when you’re buying. You may start to rent a property and you’re
paying $500 a month and you–and you know what your utilities are, but have you taken
time out to think about, “Well, if I’ll stay another year, what if the landlord decides
they want to go up a hundred dollars?” Or, “We have a severe weather one year and
my utilities are higher than I expected.” You need to consider those things so this
module will help you consider those things. Can you afford to rent or can you afford to
buy? Section three, What’s Next If I Decide to
Rent? Do you need to get renter’s insurance? Why is renter’s insurance important for you,
just you to have, for your personal property, although the person you’re renting from may
also have insurance but you need it for your personal property as well. Module thirteen, Buying a Home, helps participants
get ready to own a home. Finance to purchase and move forward with
buying a home. So this talks about all the things you need
and how to prepare yourself so that you won’t be blindsided when you go into this. Sometimes, your realtor may not share everything
that you need to know when you consider buying a home. So, this module is very helpful. I myself have taken time out to look at things
in this module so that I am prepared to buy a new home. Section one of this module is Getting Ready
to Own Your Own Home, section two is Financing a Home Purchase. What types of loans are available for you? What types of loans, what types of mortgages,
how mortgages work, sometimes we forget about home insurance, your taxes, your property
taxes, you have to get that included in your loan when you decide sometimes, how to get
prequalified and how to get preapproved. Section two will provide that information. And section three, Getting Help and Buying
Your Home. Just putting everything together as a team
and finding a home, making a offer when you decide and you find that home, you just have
to have and it fits everything, how will you make a offer, how–what steps are included
with that? And then finally with this section, Closing
on a Home. I found that that was very interesting when
I perused this module. And last but not least is module fourteen,
Disasters. Because we don’t have those in our lives,
do we? You know, I think FDIC, when we did the previous
curriculum, module eleven was financial recovery and I think that module, if I’m not mistaken,
Bobbie, was created based on the Katrina disaster and people trying to pull things together
so we thought that that would be something that people needed to understand and know
that disasters come so we wanted to help people to be prepared for them, and to also have
the opportunity to rebuild from the disaster. So this module helps participants financially
prepare and recover from disasters. Section one, Preparing Financially for Disasters,
have all those things I just mentioned briefly. And then section two, Recovering Financially
from the Disasters. Be proactive. Don’t be afraid to get help. It talks about watching out for scams because
they know that people are in a really, really delicate position when they’re trying to recover. So, we thought that this was worth letting
people know that there are scams out there. So these are our 14 modules. I hope that you find that there’s a module
or two in there that can be youthful–useful in your training, and the different sections,
I hope that’s a good new look for our curriculum and if we have any questions right now, we
can open up for questions.>>Okay. I have a question. Someone is asking about the information, how
they find the modules online or if you’re going to mail out the slides for the presentation
today.>>So we will provide you–and I think I read
the website earlier, but we will provide you the website later in the broadcast as well,
and all of this curriculum, if–when you go to our Money Smart site–website, can be downloaded
directly to your desktop, and then we also can provide the slides for this presentation
through the host of this webcast.>>Okay. I have another question. Someone’s asking if it–if you think it’s
a good idea for an agency to use this information for one hour lunch and learn session?>>Absolutely, absolutely. When we go further into the presentation we
have a new–a new tool that we use and that would be great for something such as a lunch
and learn. Definitely this is–and we’ve actually presented
ourselves on lunch and learn for different agencies several times.>>Okay. That’s all the questions I have so far.>>Okay. Thank you.>>Thank you. So moving forward I’m going to talk to you
about how the curriculum is laid out. So as you begin to think about that lunch
and learn everything that’s included for you to get started with your workshop. So every module is set up exactly the same
way, there are three components in each module. Tina talked about 14 topics. Those 14 topics do not have to be taught in
order, you can–as we go further into how the modules are set up you can look at the
topics at a glance and see how you can pull from different modules for your workshop. So everything you need to teach is there,
it’s free, it’s not copyrighted, so you’re able to adapt for the needs of your audience. You have first on–is the–a participant guide,
the middle is a copy of the instructor guide. So I want you to take a look, there’s the
difference in the way that they look, I would advise that you become very familiar with
the instructor guide so that you’re able to see it’s fully scripted but the participants
will not have that scripting. And so as you begin to pull from the resources
take a look at what the participant has and what’s in the instructor guide, and then finally
you have your PowerPoint slide presentations. And then again they can be adapted for the
needs of your audience. So before we take another look let’s talk
about some of the other things that are new, I think we’ve mentioned a lot of them. The–there are some new topics as I mentioned. A full section on debt is new, module one
is brand new, there’s expanded content in–about working with people with disabilities, and
the savings module related to the achieving a better life experience or able accounts. There are activities that we call try it exercises
and scenarios, so making the activities engaging. So as you are putting your workshop together
you can just pull these out and have your attendees try them while they’re in your workshop
they can work individually on some or maybe work together, then there’s the apply it activities. Those are the ones that you may not–depending
on your time if it’s a lunch and learn it may only be an hour or maybe you’re doing
a series. So some of the applies you can have attendees
try it at home. And then one section that’s brand new that
I really like is take a action. So what action are you going to take based
on the information that you learned today and the try it activities that we’ve done? We’re now calling our pre-imposed training
surveys and not test because a lot of times if we say a pretest or a posttest it could
put people in a place where they’re like, “Oh, I don’t want to take a test.” But it’s a survey and this you can use as
an icebreaker or just a way of assessing like how much your audience knows about this topic. If you can reach out to them in advance these
may be questions you may be able to put out there. I mentioned module at a glance table. It used to–it was formally for those of you
that may have been familiar with the previous addition it was called a layering table. And then there’s a section called understanding
the icons. And I’ll show you those now. So as you’ve–many of you have probably presented
whether it’s a one-on-one setting as you’re talking to individuals, or in a large group,
or making a presentation virtually like we’re doing today. There are various methods and I’m sure we
each have some of our favorites that Tina talked about renting versus buying. And I had the opportunity to participate where
the instructor had us debate, it was like one side of the room talked about advantages
and benefits of renting, and then the other side talked about advantages and benefits
of purchasing. So these are ways that you can also engage
your audience. And so these activities–there are suggestions
on how you can facilitate the activity using these methods but of course use what’s comfortable
for you. This curriculum is designed to meet the requirements
for accessibility, so for example those who must use a screen reader, they’re able to
learn the lessons and participate in the activity. We have a guide to presenting, Tina will go
into that on how to modify activities. So that everyone can participate. And then there are examples that are relevant
for those of us who are working with people with disabilities. And in addition we have a financial inclusion
supplemental tool that Tina will mention. So let’s take a look at an example of the
first page of a section in the participant guide. So we’re going to talk about the participant
guide first. And remember earlier on I said each module
has sections, and as Tina was talking about the modules in-depth she talked about those
sections. So module one, section one values and money. And so the instructions say, “We will discuss
values, what they are, why they are important, and how they influence financial decisions.” And as you can see there’s a key takeaway. Understanding your values will help you set
achievable financial goals and so this, again, is a apply it activity. So what you’re asking your attendees to do
is to think about their values. Your values are the people, things, and places
that are important to you and guide how you make decisions. And so you will have your attendees apply
it around their values. Then next, we have the example of a scenario. All scenarios will have a circle. It’s still a try it activity but it is a scenario. And I would like to have Tina read the scenario
real quick if she has time.>>Okay. So these old eyes of mine are going to do–try
to do this, okay. So the scenario is Valentina put herself through
college by working 30 hours a week on top of a full course load. She had some student loans. Her mother is struggling to make ends meet. Valentina would like to give her mother most
of their tax money, tax refund to use as a security deposit to move into a new apartment. She wants to use the rest to continue paying
down her student loan debt. Isaiah’s parents help him with a college expenses
with money they saved over the years. His–okay, his graduation–his–he graduated
with minimal loans and paid them in full a few years before he and Valentina met. He would like to put most of their tax refund,
told you these eyes. Okay, tax refund into the savings account
they set up for their three children. He wants to use the rest to take a family
vacation and he wants to spend quality time with his family.>>Okay. Thank you, Tina.>>Okay.>>So how many of us find ourselves in that
situation that we’re getting ready to make a financial decision, and this one is around
Isaiah and Valentina deciding how to spend their tax refund and the two people have different
ideas on how this money should be spent. And so while the scenarios are designed to
give attendees relevant examples of how our values influenced the way that we make our
financial decisions, you could have them attendees work maybe just pair with the person next
to them to talk about what values are influencing Valentina and what influence–what values
are influencing Isaiah. And this can also have them begin to think
about as they’re making their financial decisions. What else in their lives are influencing the
decisions that they make financially? Okay. And so remember I talked about those key takeaways. So it’s going to be found at the beginning
of the module and at the end, so this one for example talks about your credit history
does not have to be your credit future. So this could be found in module six that
Tina talked about when she talked about credit. And so for example I’ve suffered a financial
set back before and my credit score suffered as an outcome of that. But with–it took some time but I was able
to rebuild my credit. So if you–you’re thinking, “Oh, my credit
history, my score is low, and I have too much debt.” There’s help and you can rebuild.>>Right. Right.>>So this key takeaway with the activities
and the handouts of module six, I’m telling you, you’re going to love them. Pulling the credit report sometimes is not
as bad as we think.>>Uh-hmm.>>But it doesn’t have to be your credit future. Okay. So here’s another example of an apply it. This is section one and again so this one
talks about renting versus buying. And so there’s a question for the attendee. How long do you think you may be staying in
the area, things for them–they can write their answer and then some things for them
to think about.>>Uh-hmm.>>Okay. Then next we move to the instructor guide. So this is the example of navigating how the
instructor guide looks different from the participant guide. So in the left-hand column, you’re going to
find, as I mentioned, your scripting. You will see that this talks about how long
it should take to approximately present this information. This is section two of credit scores. It says introduction to section and key takeaway,
which we were just talking about. It also tells you to see page 11 of the participant
guide. And then you have say, so it’s telling you
to take an action. We will discuss credit scores. And then if you look in the right-hand column,
these are the slides that you’re going to be on. And so you will be showing slide 16 as you
talk about telling the participant to go to page 11 or perhaps you’ve printed to this
section and then you will be on slide 16. And then as you go down to the bottom of the
page, you begin to present information and it says that it should take about 12 minutes. And then you go into the basics of credit
scoring. I talked about understanding the icon. So there’s the table in the instructor guide
that helps you quickly navigate the training. So you have your due. You’re going to take an action. It’s going to share information, so that’s
your say. And then you have your question mark. So do, say, ask.>>Uh-hmm.>>Again, the key takeaways have a star, you
have leading a discussion where you’ll be the facilitator, leading activities, presenting,
taking action, and closing. You’re going to help the–that’s that–what
action am I going to take so that they can apply what they’ve learned. And then you have finally, the book where
you have–you use a short story to start a discussion or activity about that financial
topic. The module tables. Again, I mentioned, modules don’t have to
be taught in order. You can take the module tables and decide,
what am I going to talk about at this session? Perhaps it’s going to be credit reports. I can go to that module. Look at the entire module and see what each
section covers. And then I can decide this is what I’m going
to talk about today. We have your PowerPoint slides. They can be adaptive for the needs of your
audience. It’s a clear visual aid, it will be referenced
in the instructor guide as I mentioned. On this continued page, you can see how they
correlate with each other. The instructor guide is going to tell you
which slide to show, you have that slide up, and then you will also be able to tell the
participants where they should be looking in their participant guide. Getting the most, maximizing these pre-imposed
training surveys. Again, you can give them out as an icebreaker
or at the beginning of your session. Post session, you can find out what people
learned. We also include an answer key. And then the very end of the post-training
survey, you can collect information about your training session. In this way, if there are things that we may
consider tweaking or additional that attendees would like to learn, they would recommend
it, then this is where we learn that information from them. Okay. So Tina will cover now the Guide to Presenting.>>So I think we’re doing good on time. So if we have any questions prior to me starting
my presentation on the Guide to Presenting. Any questions about what I’ve already covered,
any questions about what Bobbie just covered?>>We have no questions on record right now.>>Okay. You may give them–give them a few minutes. Okay. All right. So the Guide to Presenting Money Smart for
Adults. Those of you who are familiar with Money Smart,
we’ve always had a Guide to Presenting. We’ve always said, “Hey, read that first,
so you can understand the Money Smart curriculum.” Well, this time you really should pick up
the Guide to Presenting Money Smart. It’s full of several new resources. It practically tells you step by step how
to use this new curriculum. We did–in 2017, we did have a version that
you may have access to now, but this 2018 version replaces even the 2017 version. And with this version, we have learning principles
for adults, how to support participants with disabilities, road maps which I’ll talk about
a little further about creating customized training. Fun introductory, what we call icebreakers
or opening activities, you’ll find that in the Guide to Presenting, and just so many
new tools on how to work this new curriculum. So as I mentioned, the road maps. These road maps and I think Bobbie, in a couple
of your slides, you mentioned that as well. But the key to the road maps is it just helps
you plan your training, to put it as simple as possible. You have the option to take things from all
of the 14 modules. You can build this by topic, if you want. But the good thing about this curriculum now,
we have already built several road maps that you can pick up and–about a certain topic,
suggestive modules in different sections. For example, this road map right here includes
four sections from four different modules that maybe at interest. Say, you’re talking about spending, so we’ve
pulled out modules–things from module three, module two, module four, and maybe module
eight, and then they are all related to spending and that may be the topic that you’re teaching
on. And we’re giving you the time for each area
that–so that you can build in. Someone mentioned earlier about your lunch
and learn. This is what I was referring to. This is how you can–you can go through the
road maps that we have already created for you and assess if that works for you or we
do have blank forms in the curriculum where you can build your own as an instructor and–for
those things such as lesson–lunch and learns. One of the things we like to tell people is
when you are building your presentations, make sure you incorporate that time for Q
and A, you know–you know, if you have a hour presentation, you may want to make sure you
have 45 minutes for information, excuse me, and then you allow 15 minutes for Q and A.
The same with the supplemental Scenarios for Financial Inclusion. We had a 2017 version. Excuse me.>>And so we updated it for 2018. And so these are for those working with individuals
with disabilities. The scenarios–the supplemental scenarios
are relevant for them. For example, they may need to modify their
home, so one of the modules–one of the scenarios is related to the homeownership module, one
is related to the saving module, one is related to borrowing. So it’s–they–there are examples in the curriculum,
but we updated these scenarios specifically for those of you who may be working with people
with disability so that they would be relevant. And again, as we mentioned collaboration is
key and so we’ve worked with partners who specialize in working with people with disabilities
to have them test these scenarios and to share feedback. Practitioners have shared feedback as these
were developed. Okay.>>Thanks, Bobbie. You also need to have the person that can
pick up for you whenever you get strangled. So again, this is just a summary of a lot
of things that we’ve talked about, and the launch 2018 for replacement of the Money Smart
for Adults instructor-led.>>Uh-hmm.>>Again, we issued a press release on November
the 14th. We do have an upcoming train the trainer webinar
scheduled for December the 13th. We can definitely share the link for that
when we share the presentation. We send the presentation that one of the attendees
requested. So that if you’re interested in participating,
we do plan to release a Braille version and a new self-paced version–connected to the
14 curriculum, 14 modules starting 2019. Bobbie mentioned that we would talk about
how to connect with us even further. What other resources do we have? We have our Money Smart News. We use our Money Smart News often as a way
to connect with others. You can view it online or you can subscribe. When you subscribe to it whenever a new version
is released, it’ll all–you’ll automatically receive an email with the link to review it. We love, love, love success stories. On the screen here, you have two success stories
that were provided by users. One, as best practices for teaching people
with visual impairments and the other was one bank’s way of promoting financial education
through summer employment. We welcome your submissions. We welcome your feedback. But we definitely like to hear your success
stories. So if you feel you have a success story, we
often pair our success stories with what we’re featuring in our Money Smart News. So feel free to share them with us. Another way you can connect with us is joining
our Money Smart Alliance Program. Our Money Smart Alliance Program is a very
popular program. Our alliance members–for instance, today,
the reason we’re here today is because OPM is part of our alliance program. So this is something that we do as a connect–resource
for them and also a way to market our Money Smart and update others on the new things
that are happening with Money Smart. So we will provide you implementation ideas. You get calls where you can have peer-to-peer
communications. So that’s your way of finding out how others
are using the Money Smart Program, was working well for them, and we have town hall calls
for our alliance participants. And recently for our new launch, we had our
Money Smart Alliance Advanced Team. We call it MSAT. And that team was people who registered to
be partners and they are doing our promotion for the new product to–throughout 2019. They will always be partners with us. But this is a special alliance team. And what made this so great is they got to
see the curriculum before anyone else. When we release, they got the press release
before anyone else. They were able to test it and give us inputs
and we did go back and make a couple of the changes that were suggested through this program. So if you’re interested in joining the alliance,
you can apply online at www.fdic.gov/moneysmart. And here also, once you do that, it’ll take
you a prompt where you’ll see a feature that says, “Join the Money Smart Alliance.” You can also go here as well to find the curriculum
to download. We also feature our FDIC consumer news. And this offers practical guidance on becoming
a smarter, safer user of financial services. And so the consumer news website is www.fdic.gov/consumers/consumer,
without the S, /news. This is no longer a–we’re used to mail this
out in hard copy. This is–will also be online only. And we will send you this as things come up. This is no particular used to be quarterly. Now as articles are created, we send them
out if you subscribe. Finally, how can you reach us? How can you get in touch with Bobbie and myself? Community affairs at fdic.gov and I’ll reiterate
our Money Smart website is www.fdic.gov/moneysmart. We thank you so much for sticking with us
for this time. And we thank you that this live webcast, too. You get choked up, things happen. But we are happy to be with you today, and
if you have questions, we are open to them.>>Yes. So Tina, while we’re waiting for questions
to come in, how does a person download the curriculum? You mention it was available for download.>>So we do have a location where it says
“Order Money Smart.” So you click on that and a step-by-step process,
you select the–you don’t even have to download the full curriculum. That’s the great thing about how this process
work, if you just want module 14, you select module 14 and then download, you hit it, download,
and you can print it from your desktop. You can download it and that’s pretty much
the gist of it. One of the questions we also may have is we
used to have CDs. We will have CDs for this curriculum as well. But for right now, you can download it directly
at your desktop. All of our Money Smart products are available
to immediate download.>>Okay.>>Okay. I think you’ve answered all the questions
that came through there all gearing toward more of downloading the products. So, I think you guys answered all the questions.>>Okay.>>Okay. All right. And is there a cost to the curriculum?>>Actually, we are–it is free. Everything about Money Smart is free. Even sitting here today, no cost, it’s free. Money Smart, again, is free, it’s easy to
use, it’s scripted, and there’s no copyright. We do ask, however, if you want to co-brand
it, we welcome that. But if you tweak anything, just–you just
tear it up and tweak it, please remove FDIC from that version of that, and that’s your–that
can become your brand.>>Okay. And so around our implementation ideas, I
would also like to share that–I mentioned hosting a lunch and learn, but you could also,
as Tina mentioned, you can use the curriculum or some of the articles from the FDIC Consumer
News in your newsletters. USOPM, again, we have been collaboration partners
since 2008. And so we appreciate that. Money Smart is one of the tools that they
share with you, to use in your financial education to employees. But if there’s any way that we can assist
you as you’re developing your training, then please don’t hesitate to reach out to us.>>Okay, I have one more question. Someone wants to know if you guys go out to
agencies and do this presentation?>>So yes, we conduct–we can follow-up to
conduct a overview with your agency. We will host, as Tina mentioned, some–on
virtual webinars ourselves. We participate in person. We do conduct some limited train the trainer. We don’t do a lot of direct-to-consumer anymore,
but if you have something that you have coming up, if we can’t send out staffing resources,
we do have–our alliance members are listed online. It is a searchable database. And as we mentioned–as I mentioned earlier,
we have our colleagues from around the country.>>Uh-hmm.>>They can also help us find someone to assist
you with your training, but yes, we can come out and conduct a training such as this one
that we’ve done today.>>And also if you’re planning a conference
or anything, we will gladly–if we have the resources, set up a booth and bring materials
to share that way as well. Okay.>>Okay, another question. Someone is saying that they just started the
presentation. They will like to know where the link to download
the information.>>Okay. If you go to www.fdic/moneysmart, as Tina
says, and then click on Money Smart for Adults, and you can see “Order Money Smart.” You should be able to–then go to the online
catalogue, and you can download the curriculum directly. And so for those of you who may have not gotten
this, once you–you can Google Money Smart. FDIC Money Smart, Money Smart Financial Education,
it will–it will pop up for you. Once you get this presentation, most of these
links in the presentation are live links. So you can select them and it’ll take you
directly to the resource that you may be looking for, as well.

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