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 (https://www.kansascityfed.org/); Kansas State University Research and Extension (http://www.he.k-state.edu/fshs/extension/family-finances/); 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 4. Investing 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: Who can I go to if I want more information? A: Gayla Randel, Family and Consumer Sciences: grandel@ksde.org (785) 296-4912 Don Gifford, History/Government/Social Studies: dgifford@ksde.org (785) 296-3892 Natalie D. Clark, Business: ndclark@ksde.org (785) 296-4916
A common question is where to find quality resources to use in developing financial literacy skills within the K-12 Kansas classroom. This is an important question, but before a decision is made, one should ask questions when looking at any teaching resource.
If you can say "yes" to all the questions below, you have found a quality resource: 1. Is content accurate and standard and/or competency based aligned?(Refer to www.jumpstart.org/national-standards.html, FCS, Social Studies and/or Business standards.) 2. Are support materials free from bias and embrace diversity in activities, photos, discussions and etc.? 3. Are assessments designed (both formative and summative) to assess student mastery, allowing for modification as needed? 4. Is information shared relevant to grade level course/program objectives? 5. Is the Instructional design research-based and/or evidence-based, age appropriate, and allows for multiple learning styles? (NOTE: Research should be educationally sound.)
A financial literacy resource list has been developed to provide a place to begin. The resources included have been used in KS K-12 classrooms. An indication of grade level, content and related information has been included for your review.
Family and Consumer Sciences Program Consultant Gayla Randel (785) 296-4912 grandel@ksde.org
History, Government, and Social Studies Program Consultant Don Gifford (785) 296-3892 dgifford@ksde.org
Business Program Consultant Natalie D. Clark (785) 296-4916 ndclark@ksde.org
Deputy Commissioner Division of Learning Services Brad Neuenswander (785) 296-2303 bneuenswander@ksde.org
Director Career, Standards and Assessment Scott Smith (785) 296-3142 sesmith@ksde.org
Assistant Director Career and Technical Education Stacy Smith (785) 296-0979 slsmith@ksde.org
Assistant Director Curricular Standards/Graduation David Fernkopf (785) 296-8447 dfernkopf@ksde.org Assistant Director Assessment Beth Fultz (785) 296-2325 bfultz@ksde.org
The Kansas State Department of Education does not discriminate on the basis of race, color, national origin, sex, disability, or age in its programs and activities. (more information...)
To accommodate people with disabilities, on request, auxiliary aides and services will be provided and reasonable modifications to policies and programs will be made. To request accommodations or for more information please contact the Office of General Counsel at ogc@ksde.org or by 785-296-3201.