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Regardless of how much money a person has, it pays to manage it wisely. In 4-H, youth learn the difference in a “want” and a “need,” how a bank account works, how to create a budget, to get the most for the money spent, to use a credit card responsibly, to save for the future, and to make money work for you through investment. This program fosters mastery by learning wise consumer practices, decision-making, budgeting, how credit works, how to prepare for an employable future, and how to start a business; belonging by being part of a group with similar interests, independence by responsible spending, saving and investing; and generosity by serving in one’s community or supporting charitable causes.
STARTING OUT
STARTING OUT
🍀 Learn the difference between wants and needs.
🍀 Compare prices before you buy.
🍀 Discuss how values influence spending and saving behaviors.
🍀 Learn the importance of a spending plan or budget.
🍀 Describe ways to spend, save, share and invest.
🍀 Know how to set a SMART goal (specific, measurable, attainable, realistic, time-bound).
🍀 Understand how waiting before buying can be beneficial.
🍀 Discuss ways to earn money ethically.
LEARNING MORE
LEARNING MORE
🍀 Discover the power of compound interest.
🍀 Determine ways to avoid identity theft and fraud.
🍀 Know the difference between credit and debit cards.
🍀 Practice healthy saving and spending habits.
🍀 Create a budget or spending plan.
🍀 Understand how taxes affect take-home pay.
🍀 Explain ways that money is borrowed (credit cards, loans and other ways).
🍀 Research financial institutions and learn how to keep money secure and safe.
🍀 Learn about the risks and benefits of starting a business.
GOING FURTHER
GOING FURTHER
🍀 Explore investment options.
🍀 Save money for goals and emergencies.
🍀 Investigate insurance options to fit your life.
🍀 Know the benefits and risks of having credit.
🍀 Review charity options to incorporate giving into your spending plan.
🍀 Compare costs and options to pay for education and training beyond high school.
🍀 Explore careers that interest you and consider how they fit into your financial plan.
Online Resources & Websites
🍀 Financial Champions Book 1: Money Fundamentals (202024)
🍀 Financial Champions Book 2: Money Moves (202025)
🍀 My Financial Future: Beginner Youth Notebook (01441Y)
🍀 My Financial Future: Advanced Youth Notebook (01442Y)
🍀 Kentucky 4-H Project Overview - Consumer & Financial Education
🍀 Michigan's Project Overview - 4-H Money Management
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