Money IN/Money OUT SUPPLEMENTAL TRAINING MATERIALS

TRANSPARENCIES or HANDOUTS TO BE OBTAINED or PREPARED LOCALLY

1-d
Sorting Out Economic Values Game. You are to make copies of the statements provided on the five indicated colors of paper. There are 15 statements per page, and you are supposed to put 5 different statements of each color into each envelope. Thus, each page will provide enough statements for 3 envelopes. And each envelope will get a total of 25 statements (any five different statements of each color). As soon as you cut the statements apart, sort them into separate piles so that you do not put duplicate statements into any envelope.

1-e
List of wants/needs. Unless you want to give one copy to each person, you can make fewer copies and give one list to each small group

2-c
Two (or more) credit card contracts. Collect different sample offers (or use backs of statements from credit card companies) that are typical for your area and your MI/MO audience. White out any identification (names, addresses, account numbers). Make transparencies &/or handouts.

2-d
Two (or more) installment loan contracts. Collect different samples that are typical for your area and your MI/MO audience. White out any name or other identification. Make transparencies &/or handouts.

2-e
Sample Personal Credit Report. Send for your own credit report, to see the current format. Decide whether to use an actual credit report (with all identification whited out) - or to use a sample credit report provided by a local financial institution - or to use the Equifax Credit Profile Sample from their web site. Just be sure you use an up to date sample, so that MI/MO participants see what their credit reports will look like. In choosing or creating a sample, try to include information that you think would be typical for your particular MI/MO audience.

It's best to order credit reports from all three of the major Credit Reporting Agencies (CRAs) so that you can show participants the differences among the Equifax, Experian and TransUnion reports--but be sure to order the report from the CRA most often used to report credit information in your area (Equifax for North Carolina).

[This transparency or handout will be used again in session 6.]

4-d
Example Net Worth Statement. Prepare at least one sample net worth statement that would be typical for your specific MI/MO audience. (It's best to show one for a single person and one for a married couple--but if you do just one, make it for the couple to illustrate that the joint value of assets or liabilites may not be the same as the individual values.) Prepare a transparency &/or handouts to share with the group.

5-d
Sample Spending Record. Create a sample spending record that would be typical for your specific MI/Mo audience. Make this spending record complementary with the sample spending plan you're also going to create (5-g) --including a few problems to be addressed, such as not paying one bill, or buying some items on impluse that caused problems in meeting other bills. Make a transparency &/or handouts so that people see what their spending record is supposed to look like.

5-g
Sample Spending Plan. Prepare a sample spending plan (aka budget, aka projected cash flow plan) that would be typical for your specific MI/MO audience--and make it compatible with the sample spending record in 5-d. Address the problems in your sample spending plan, and be prepared to discuss what you recommend. Make a transparency &/or handouts so that participants can see what this particular sample spending plan looks like.

_{North Carolina State University
College of Agriculture and Life Sciences
North Carolina Cooperative Extension Service
Family & Consumer Sciences Department}