A.G. Edwards JA Finance Park Volunteer Training. To control the presentation Each slide will remain on screen for about 25-30 seconds Click to pause Click.

A.G. EdwardsJA Finance Park

Volunteer Training

To control the presentation

Each slide will remain on screen for about 25-30 seconds

Click to pause

Click to return to previous slide

Presentation only runs about 20 minutes.

… to continue

The presentation now includes sound.

Here is what the students will experience

Get a job and a family situation Determine Net Monthly Income (NMI) Calculate guidelines and balance a budget Make spending and saving decisions Track the value of a stock portfolio Pay bills

Most of the visit is about budgeting.

Your role for the day…

Provide adult experience relating to spending decisions

Help with calculations and critical thinking Monitor student progress and keep them

on task

Remember: This day is about the students getting hands-on experience with budgeting!

JA Finance Park Map

Student “cubbies” Center courtyard Adult “cubbies” Lunch in Food

Court

Unlucky

Nonprofit

Home Improvement

Students do not leave this area all day.

Restrooms are in park.

Adult Restrooms

Volunteer Tools Bin of materials on each table in business Volunteer Manual

Stage-by-stage instructionsAnswers for student worksheets

Calculators for students to use Pencils with erasers Extra forms

JA staff members will be on hand to help and answer

questions all day.

Volunteer Manual Instructions for each stage

Information similar to your volunteer training packet

Answers to student worksheetsMore about that later

Examples of special worksheets

Volunteer Checklist

Located in Volunteer Manual

Broken into 4 sections based on the 4 stages of the day

Use to help you follow along through the day and keep students focused on their tasks

Follow along with student presentation on

visit day to better understand each stage.

Four main parts to the day…

The visit day is broken into 4 stages

1. The Truth Revealed

2. The Big Search

3. The Budget Puzzle

4. The Final Commitment

JA staff member will explain the

directions to the students prior to

each stage.

Students should arrive with nametags

When The Truth Revealed presentation is done, students will be sent out to businesses to begin

Have students find materials with their account number Business Assignment

Account Number

1. The Truth Revealed

Students (at their workspace in businesses) Receive their Life Situation ATM card Calculate Net Monthly Income (NMI) Calculate Budget Guidelines

Volunteers Help with directions and keep students on task Help with math (addition, subtraction, division,

multiplication, percentages) Verify student work

Students use calculators and you get answers in Volunteer Manual

Students will get acquainted with the financial and family situation of their character.

Student’s Materials

JA Finance Park™ Name ____________________ Business _________________ Account # ________________

At tables in businesses, students will find:Portfolio (folder) with

four main worksheets for day

Life Situation ATM card Job Description

Students should put their names on

everything, including ATM card!

Job Description

Students do not work this job on visit day

Their job is to balance a budget

Provided to help them understand their income amount

Student Checklist

Students should pull this out to start

Follow directions for each stage

Check-off items as they are completed

When everything checked off, student is done with stage

Log-in Screen Student enters Account Number and PIN

from Life Situation ATM card Type their name Confirm that name is correct

That’s it for computer during this stage!

Life Situation ATM Card

“Life Situation” is located on the back of ATM Card

Busch Entertainment

Students use this information to get started with income and budget guidelines calculations.

Later, they will use this information to make decisions about how they will spend their income.

Net Monthly Income (NMI) Start with information from

the Life Situation ATM card Calculate Gross Monthly

Income Deduct monthly taxes Add Lucky Chance Card

amount

Arrive at Net Monthly Income (NMI)

Use Volunteer Manual on table to confirm NMI

Checking Student’s Work

In Volunteer Manual, look for NMI Verification page (it’s the same color as the student worksheet)

Match student’s account number with their NMI

It must be exact If student didn’t hear their

Lucky Chance Card called, you’ll need to give them the amount

Guidelines and Actual Budget Use NMI to calculate

range for spending later Only calculate Minimum

and Maximum amounts Amounts calculated as

percentage of NMI (Steps 1 & 2 only = columns 1 & 2)

Do not complete Step 3 Use Volunteer Manual to

check, if necessaryRound figures to nearest dollar!

Checking Student’s Work Look for sheet with

student’s NMI Spot-check their work Notable missteps:

Multiplying 3% as .3 (it should be .03)

$2337 x 3% $2,337 x .03 = $70.11

Rounding $70.11 rounds to $70 $350.55 rounds to $351

The Truth Revealed: Wrap-up

Remind the students to complete everything on their checklist

2. The Big Search

Students (roam around park)Collect option sheets from each businessBegin Personal Investment Report (stock

portfolio) Volunteer

Point students in right direction to collect all option sheets

Students do not make any decisions yet!

Students are collecting their options for spending money. They’ll use this

information to make decisions later.

Option Sheets Students collect

their options for spending in each budget category

Students only collect sheets – they do not make any decisions

Students should use their checklist to make sure they collect all option sheets.

Sample option sheets

Commerce Bank – 4 Option Sheets

Auto Insurance options – 2 computers

Home Insurance options – 2 computers

Computers locked – use later to pay

Savings

Bank Saving Option

Sheet binNon Profit Giving

JA staff will speak with volunteer(s) in Commerce Bank, and a couple of other special businesses, about what needs to be done during this stage!

Print both!

Personal Investment Report

Students track stocks throughout day

Collect stock prices from a ticker in Edward Jones

Calculate total portfolio values

Check prices 3 times Opening (Stage 2 – now) Midday (Stage 3) Closing (Stage 4)

35 175

??

Look for completed samples in Volunteer Manual and on tables in

Edward Jones.

3. The Budget Puzzle

Students (return to original businesses) Make spending decisions based on options available Balance their budget Get Mid-day stock prices

Volunteers Help with decision making process Help with math – sorry, there are no more answers.

Students use all of the information they have gathered to make spending

decisions and create a balanced budget.

Time to Make Decisions

Use Option Sheets and Guidelines and Actual Budget sheet

Start with option sheets for Line #2

Follow directions, make a choice or complete calculation on option sheet to arrive at payment amount

Transfer decision to green sheet (Step 3)

752

185

98

86

Here’s how to make decisions

Step 1. Match option sheet with line number on green

sheet

237

237

752

185

98

86

Make Decision

Step 2: Make choice or do calculations on option sheet.

Step 3: Transfer the Payment Amount to Actual Budget sheet.

Each budget decision (Step 3) must fall between

minimum and maximum guidelines.

Students must spend at least the minimum in all categories.

The Very First Decision…McBride & Son / Citi (line #2)

1. Choose house and payment from McBride & Son

3. Adjust payment based on credit rating:• If Excellent rating, deduct $10 from housing payment• If Average rating, add $0• If Poor rating, add $10 to housing payment

2. Then, see how credit rating from Citi affects payment.

Insert this amount on Line #2

Package Price for Furniture and Home Improvement packages exceeds student’s maximum guideline.

Student chooses payment between minimum and maximum guidelines.1

499

86

There is no calculation – just pick an amount.

Home Improvement & Furniture

Total Payments (Expenses) = NMI

The goal of the project is to balance

Students can put as much into Saving as they’d like

If overdrawn, they have to choose to spend less somewhere.

$0

4. The Final Commitment

Students (roam around park again) Make payments at all businesses Get closing stock price from Edward Jones Complete checkbook register Receive their final Budget Review

Volunteers Help students who are still finishing The Budget Puzzle Help students make payments Guide students through balancing problems

This stage is about putting their budget into practice. They’ll see if it works in our “real-world.” If they

completed The Budget Puzzle correctly, it should.

Students pay their bills!

Enter Account Number and PIN

Enter Payment Amount The payment entered

MUST be between the minimum and maximum guidelines.

Students go to each business and enter payments on computers.

Student record payments in Checkbook Register

Schnucks 30015801280

Busch Entertainment 50 1230

1. Enter NMI in box under balance.

2. Enter business name and transaction amount.

3. Subtract Transaction Amount from Balance. Enter the new balance below.

4. Continue until no more money left and all bills are paid.

Budget Checkout

All payment amounts appear here

Students should balance to zero

After all payments are made, students come to JA staff

members to finish

Volunteer Manual – Samples

McBride and Citi: #2

Home Improvement (#13) and Furniture (#12)

Edward Jones

Additional Material

Please remember to read through Volunteer Training Information packet.

You can download a

copy from our website.

Thank you in advance for your help!

Remember that JA staff members will be available to

help and answer any questions.