Facilitator's Guide - PBS
Facilitator's Guide - PBS
Facilitator's Guide - PBS
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Note: Since many young adults are between the worlds of school and work, they can still make a plan for use of their funds, whether coming from an<br />
allowance, a savings account, or a part-time job.<br />
Facilitator should ask participants:<br />
a Did any of you obtain a negative number? If so, what can you do to adjust your expenses so that they do not exceed your income?<br />
b Did you include “savings” as one of your expenses? Why or why not?<br />
The facilitator should conclude this activity with the following questions:<br />
a Discuss this quote from Donald Faison, “You must be able to distinguish between what you want and what you can afford.”<br />
b How do role models and peer pressure affect spending patterns?<br />
Web Exclusive: To find a technology-infused version of this activity, go to the “Your Life, Your Money” website at<br />
www.pbs.org/yourlifeyourmoney and look for “Personal Spending Spreadsheet” in the Educators & Families section<br />
Activity Three - Picking a Bank<br />
Materials Needed: “Picking a Bank” found in the appendix<br />
DAY 1<br />
The facilitator should begin the activity by asking the following questions:<br />
a Why do most people find it necessary to have a bank account?<br />
b How many of you have your own bank account - checking, savings or both?<br />
c How many of you know the policies of your traditional or online bank? For example,<br />
fees, ATM policy, balance requirements.<br />
“It’s very important<br />
for people to realize<br />
a bank account is<br />
a good place to start<br />
your financial life.”<br />
---- Beth Kobliner<br />
Facilitator should distribute a copy of “Picking a Bank” to each participant.<br />
Facilitator should instruct each participant to obtain information about one traditional or online bank or credit union in response to the questions.<br />
Information can be obtained in person or online. Instruct participants to bring their completed data sheets on Day 2 of this activity.<br />
It is important to note that banks, credit unions and online banks are regulated by state and federal rules and insure deposits.<br />
!<br />
Facilitator Tip: Be sure that all participants don’t get information on the same financial institution; assign a variety of banks.<br />
DAY 2<br />
Discuss the variety of data that participants have found in response to the questions. Note that the best bank choice for one person may not be<br />
the best for another, depending on personal situations.<br />
The facilitator should conclude this activity with the following questions:<br />
a Do you agree with Michelle Singletary’s quote: “You have to look at your banking habits and choose an institution that meets the<br />
things that are important to you, just like when you go out on a date.”?<br />
b Why is it important to shop around for a financial institution?<br />
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