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K-2 Activity Books: Introducing Personal Finance with the Money Monsters

AMY KLIEWER, ELEMENTARY PROGRAM SUPERVISOR, FEPPP

LESLIE LAFAYETTE, 4TH GRADE TEACHER, TERMINAL PARK & 2023-2024 ASD FEPPP FELLOW

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Amy Kliewer�Elementary Program Supervisor, FEPPP

Born and raised in Spokane, WA
Masters in Elementary Ed, EWU
Classroom experience

Spain | Post Falls, ID | Glendale, AZ

As Elementary Program Supervisor, my goal is to provide K-5 educators with high quality, low- and no-prep financial education resources that reinforce core subject skills and social emotional development.
Coffee connoisseur, true crime aficionado, newbie gardener and devoted fur mom
Contact me: amy.kliewer@k12.wa.us

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Leslie LaFayette�4th Grade Teacher & FEPPP Fellow

Born in Wilmington, NC
Raised in Missoula, MT
Lived in Seattle area for nearly 30 years
BA in French & International Relations, St. Catherine University
Masters in Teaching, CityU
13 Years in the Auburn School District
As the ASD Elementary FEPPP Fellow for 2023-2024, my goal is to provide teaches with options to integrate Financial Literacy into their classrooms and current curriculum.
Francophile, avid hiker, Bluestocking, fur mom
llafayette@auburn.wednet.edu

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Webinar Agenda

Learning Objectives

Introduction

Who is FEPPP?
Why is Personal Finance Important for K-2?

Money Monsters Resources (From the Consumer Finance Protection Bureau)

Money Monsters Activity Book
Money Monsters digital stories and lessons

SEL & Personal Finance

Brain Breaks as SEL (CASEL)
Additional SEL connections

Closing

Participants will learn about the Money Monsters printable activity book.

Participants will explore additional Money Monsters resources with no- and low-prep learning activities.

Participants will examine the connections between personal finance and social-emotional learning.

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FEPPP: The Financial Education Public-Private Partnership

Partnering with Auburn SD through Grant SB572
Created by the legislature to bring together public and private stakeholders
Primary role is to promote K-12 personal financial education
Administratively housed at OSPI

FEPPP’s mission:
Identify strategies to bring financial education to students
Provide quality financial education information to districts
Provide financial education instructional materials and professional development to educators

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Washington State Financial Education �Competencies

1. Spending & Saving

2. Credit & Debt

3. Employment & Income

4. Investing

5. Insurance & Risk Management

6. Financial Decision-Making

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The Importance of Financial Education:�K-2 Students are Consumers

As soon as a child can access a screen, they are confronted with spending opportunities.

The rise of “frictionless” spending makes it possible to spend money at the touch of a button.

Research shows that money habit are set by age 7.
A 2014 study found that self-responsibility, is developed up until the age of 9.
Personal finance – and social emotional – skills like planning ahead, budgeting, experiencing delayed gratification, and returning borrowed items are habits that we develop in childhood and then carry into our adult lives.

Consider: How did you learn “the value of a dollar?” What different challenges do the students of today face when exploring this concept?

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The Importance of Financial Education

Total Credit Card Debt: $986 billion (end of 2022)
Total Auto Loan Debt: $1.5 trillion (end of 2022)
Total Student Loan Debt in America: $1.6 trillion (March 2023)

Student Loan Debt in Washington

$28 billion total student loan debt

$33,000 is the average student loan debt

783,000 Washington residents have unpaid student loans

Debt in America (www.debt.org)

According to the National Endowment for Financial Education(NEFE), research shows students who benefit most from receiving financial education are students in the most disadvantaged categories

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Money Monsters Resources�(From the Consumer Finance Protection Bureau)

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The Money Monsters!

Source: Consumer Finance Protection Bureau (CFPB)

“The Consumer Financial Protection Bureau is a 21st century agency that implements and enforces Federal consumer financial law and ensures that markets for consumer financial products are fair, transparent, and competitive.”

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Money Monsters�Activity Book

Link to download: Money Monsters Activity Book PDF

Link to order hard copies: CFPB (gpo.gov)

20, 40, or 60 copies

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Money Monsters Story Books

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Money Monsters Story Books

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Teachers Guide: Learning to save with Money Monsters

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Teachers Guide: Making spending choices

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Student Worksheet: Making spending choices

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FEPPP Resource: Money Monsters Companion Guide

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Additional Money Monsters Resources�(From the Consumer Finance Protection Bureau)

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Money Monsters Reading Guide

“The Money Monsters reading guide can help you bring money topics to life through storytime. Use the reading guide to review the key ideas in the Money Monsters books, ask questions during reading time, and find activities related to the money topics.”

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Money Monsters Chapter Book

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Financial Education and Social Emotional Learning

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Financial Education & SEL: �A natural connection

Like social and emotional skills, financial literacy is used every day, touches most parts of life, and is a part of overall wellness – but has not been historically (explicitly) taught.
Like literacy, financial education and social emotional skills can be developed like a muscle (we’re not inherently “good” or “bad” at it). Skills and strategies will vary from person to person.

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Brain Breaks as a SEL Tool

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Spending

Competency 1: Spending & Saving
Competency 5: Financial Decision-Making

Self-Awareness	Self-Management	Self-Efficacy
All choices have an opportunity cost Wants and needs are different, and connect to different emotions Spending money brings up emotions, and those emotions influence behavior “Wealth” is a personal definition and can reflect cultural values and traditions.	Impulsive spending has opportunity costs Consumer skills like comparison shopping or waiting for sales reduce spending Sticking to a budget or spending limit is practicing decision-making skills	Outside factors (like friends or commercials) influence how we spend time and money Financial literacy is a life-long learning experience

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Saving

Competency 1: Spending & Saving
Competency 5: Financial Decision-Making

Self-Awareness	Self-Management	Self-Efficacy
All choices have an opportunity cost Saving money can be difficult, and bring up challenging emotions Growth mindset can apply to life outside school, like money and personal interests Savings goals are personal, and should be meaningful to you	Delayed gratification is resisting something now for something greater in the future Self control can help achieve savings goals Create alternative choices to spending activities (problem-solving)	Create realistic saving goals that are personal to you Recognize saving goals can be affected by a positive attitude All goals can and will go off track! Persevere by reflecting and making small changes

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Questions?

CONTACT:

AMY.KLIEWER@K12.WA.US

LLAFAYETTE@AUBURN.WEDNET.EDU