Kansas State Department of Education has developed this webpage to offer support to local school districts concerning personal financial literacy instruction for K-12 schools.
Personal Finance Refers to the principles and methods that individuals use to acquire and manage income and assets, but personal financial literacy means individuals know how these skills apply to their lives now and in the future with habit change the key. Some use the term financial literacy, which means the ability to use knowledge and skills to manage one’s financial resources effectively for lifetime financial security, which is more inclusive of all financial aspects, not just personal finance. (source: www.jumpstart.org)
KSDE has partnered with several non-profits to offer teacher training and guidance including: Kansas Council for Economic Education (http://www.kcee.wichita.edu); Federal Reserve Bank of Kansas City (www.ks.fbr.org); and the Kansas Jump $tart Coalition (http://www.jumpstart.org/states-kansas.html).
The Jump $tart National Standards in K-12 Personal Finance Education were developed through the involvement of professionals across multiple financial literacy platforms. After review by KSDE, it was deemed appropriate for Kansas and were adopted as the Kansas financial literacy K-12 standards. (For more information: http://www.jumpstart.org/)
Q: What are the overall standard areas?
A: 1. Spending and Saving
2. Credit and Debt
3. Employment and Income
5. Risk Management and Insurance
6. Financial Decision Making
Q: What is meant by K-12 standards?
A: The National Jump $tart standards are used as a guide for instruction. They are indicated for Kindergarten, 4th, 8th and 12 grades, however should be referenced to determine all K-12 financial literacy instruction to determine grade appropriateness.
The following describes how KSDE recognizes the standards for personal financial literacy:
Q: Where can I go for teaching resources, websites and related classroom support?
A: A Financial Literacy Resource has been developed to share criterion for evaluating a quality resource and also to provide resources for the K-12 classroom.
Q: Who can I go to if I want more information?
A: Gayla Randel, Family and Consumer Sciences: firstname.lastname@example.org (785) 296-4912
Don Gifford, History/Government/Social Studies: email@example.com (785) 296-3892
Family and Consumer Sciences
History, Government, and Social Studies
Division of Learning Services
Career, Standards and Assessment
Career and Technical Education