WI TH TH E B A N D G OODI NG FINANCIAL LITERACY TOUR

SPONSORED BY

PROGRAM DATE: 9/7/2017 PERFORMANCE TIME: 9:15 AM GRADES INCLUDED: TEACHER INTRODUCTION AND PROGRAM INTRODUCTION

SUGGESTED FOLLOW-UP CLASSROOM ACTIVITIES (5-30 MINUTES)

STUDENT TAKE HOME PAGE – FAMILY DISCUSSION STARTERS

FUNDINGTHEFUTURELIVE.ORG | GOODINGMUSIC.COM

Thank you for using a few minutes of your class time before and after our Funding

the Future Financial Literacy Concert to maximize student engagement and learning.

Our program will feature a live music performance by the band GOODING. The music

is followed by their personal story of the band’s struggle to overcome poor money

management as they followed their dream to become recording artists. The emphasis is

on ways students can take control of their money so that they will have control over their

life. Your support will make a difference. Thanks for everything you do every day!

PRE-PERFORMANCE PLEASE READ TO STUDENTS BEFORE THEY LEAVE CLASS

Today’s concert will feature the rock band GOODING! They will be sharing their music along with some important

lessons they learned along the way about taking control of your life by taking control of your money. There will be a lot

to learn, so listen up and enjoy!

PERFORMANCE FOLLOW-UP 5 TO 30 MINUTES

Following a Funding the Future performance, students are highly receptive to the discussion of financial responsibility!

This brief review is designed to be quick, effective, and highly relevant. As time permits, please use any or all activities

immediately following the performance and anytime they will support your curriculum.

OUTCOMES: STUDENTS WILL...

• Review and reflect on financial topics covered in event

• Consider how taking financial responsibility can benefit them personally

• Discuss importance of family discussions about money

VOLUNTARY NATIONAL CONTENT STANDARDS IN FINANCIAL LITERACY

• Spending and saving

• Credit and debt

• Employment and income

• Investing

• Risk management

• Financial decision making

GOODING AND THE BAND SHARE THEIR PERSONAL EXPERIENCES

ACTIVITY ONE: SPEED REVIEW 5 - 15 MINUTES

1. What did you learn that you didn’t know before?

2. What surprised you the most?

3. How long do you think you will need to use this information?

POSSIBLE PROMPTS

• Payday loans, credit card use, pay cards, save early

• The more you make, the higher your expenses

• Even famous people have trouble controlling their money

• It’s not how much I make, it’s how much I keep that matters

• Building a good credit score is important

Suggestion: Have student scribe the list of topics on the board as they are called out.

ACTIVITY TWO: LIFE IS LONG 5 MINUTES – USE PROCESS LINE ON STUDENT TAKE HOME PAGE

Students have little awareness of how long (and expensive) life is. This Picture You Touch exercise creates an ‘Ah-

ha!’ moment when students make a neurological connection with the fact that they are just beginning their lives. and

that they will benefit from or suffer the consequences of today’s decisions for a long, long time. (http://tinyurl.com/

FinLitDemo)

1. Have students put a star on the process line at their age.

2. Place both index fingers on the star and tap

3. Slide left index finger to zero and back to star – This is how long you have been alive!

4. Slide right index finger to 100 and back.

What is this? (My future) Is that shorter or longer than you thought?

How long will the information you learned today be helpful?

If time permits: Review topics already mentioned – moving their right index finger down the line to ages 20, 30,40,50,…

How might that information be important ‘here’? How long will today’s savings grow? Etc.

0 5 10 15 20 30 35 40 45 50 55 60 65 70 75 80 85 90 95 100

ALTERNATIVE FORMATS IF PRINTED PROCESS LINE IS NOT AVAILABLE

• Have students draw a process line on a sheet of paper. Number the line, left to right by 5’s from zero to 100.

• Or, draw the Process Line on the board and have a student turn/move back and forth from a star for other students to

observe as you give the directions.

• Or, have students draw line in the air in front of them and make movements with index fingers to the left and right.

©2010 Strategic Brilliance LLC | www.StrategicBrilliance.com

ACTIVITY THREE TOPIC REVIEW: 10 – 15 MINUTES

PAY CARDS

• Why are they not a good deal for YOU? (Too many fees, too easy to spend onsite leaving no pay left)

PAY DAY LOANS

• What is the cycle of debt? (Borrow, then can’t pay back, so interest grows and cannot be paid back)

• How does that hurt families? (Eats up income and future income – makes things worse, not better)

SAVE EARLY. SAVE OFTEN!

• How are your dollars like soldiers in the field? (Leave them alone to work and fight for your future!)

• When is the best time to save? (NOW)

0 5 10 15 20 30 35 40 45 50 55 60 65 70 75 80 85 90 95 100

CREDIT SCORE

Why is your credit score important? (An indicator of past financial stability)

Who cares? People you ask to trust you:

• Mortgage lenders

• Auto loans

• Employers - 47% of employers now check credit before hiring someone

• And anyone you may want to marry!

MENTORS

• Who can be mentors for you? (Where on the line?)

(Teachers, Community leaders, Parents)

PEOPLE LEARN TWO WAYS 1. From mistakes

• Who are professional advisors you may hire to help you?

(Financial Planner, Accountant, Banker, Attorney, Tax Expert)

2. From mentors who are kind enough to

share their mistakes with you

“TO BE IN CONTROL OF YOUR LIFE, YOU HAVE TO BE IN CONTROL OF YOUR MONEY!”

- GOODING

Do you agree with this statement? Why?

ACTIVITY FOUR 10 – 15 MINUTES

Make Your Own Decisions and Take Responsibility for Your Money

Quality decisions: To make great decisions, you need three things

• Accurate information

• Decision making skills

• Confidence in yourself, your information, and your skills

NEXT STEPS 1. Talk about this experience and information at home.

2. Make at least one financial decision each week that will move you toward your goals.

3. Ask smart questions. Ask more smart questions. There are no stupid questions!

How can I use what I learned today?

Should I use a bank or credit union?

Where do I find mentors?

Who here is already saving? What works for you?

What is it like to open a bank account? What do I need to take?

Why do credit card companies offer free goodies?

Does it matter if my friends are financially literate?

Who makes money in a Pay Day Loan?

How can I find a good place to save money?

What can I do to help my family?

Why do I need to build a ‘cushion’?

Where can I get more information?

How much college debt is OK? How do I find out my

credit score? Roth IRAs are

Tax free FOREVER!

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