Grade: Adult Learners Subject: Personal Finance
1. Topic-
Ways to prevent financial stress and depression
2. Content-
The clients, our families, of House of Mercy are living well below the poverty level. Your primary financial goals are: 1. protect the little income you have (which means protect the place you’re living and the bare necessities of life) 2. Create a tiny emergency fund, and help it grow when you can.
3. Goals: Aims/Outcomes-
1. Provide an understanding of what financial stressors might act as an emotional trigger
2. Provide specific money-saving strategies the learner could employ
3. Provide ideas for healthy ways to channel emotional stress
4. Objectives-
1. The learner will make a list of needs vs. wants in their current spending patterns
2. The learner will commit to changing two behaviors that cause them financial stress
3. The learner will explain the Ramsey Envelope Method of budget control.
5. Materials and Aids-
Handout "Tips to Prevent Financial Stress" in either English or Spanish. Handout "Answer Page" for questions regarding content in either English or Spanish. Whiteboard and eraseable markers - Blank paper on which learners may write.
6. Procedures/Methods-

A. Introduction-

1. Don't let life become something you dread. Instead, take steps to prevent stress and depression. Learn to recognize your triggers, such as financial pressures or personal demands, so you can combat them before they lead to a meltdown. With a little planning and some positive thinking, you can find peace and joy throughout your life.
2. Question group to share experiences of financial items that are triggers for negative emotions. Expand on each one shared.
3. Discuss why planning ahead would help mitigate the negative emotions.

B. Development-

1.Expand on the notion of WANTS vs NEEDS- With the help of the learners create a definition of WANTS vs NEEDS. Start a list on the board; write the headings WANTS vs NEEDS.
2. Determine which NEEDS have priority; rank each need in importance. Add a date by when the learner needs money for each itemized entry.
3.Explain the Ramsey Envelope Method for cash/budget management.

C. Practice-

1. The learners will complete their lists of WANTS vs NEEDS before leaving the class
2. The learners will finish prioritizing their NEEDS before they leave the class.
3. The learners will label an Envelope for each of their prioritized NEEDS items and take it home to use.

D. Independent Practice-

1. Tell the learners to use their budget ENVELOPES for at least one month. Ask them to provide an assessment of whether or not the method worked for them.
2. Tell the learners their envelopes are the skeleton of a budget; if they commit it to paper, it is a budget
3. The learner will commit to changing two behaviors that cause them financial stress.

E. Accommodations (Differentiated Instruction)-


F. Checking for understanding-

1. Learners will turn in their question sheets.
2. Learners will complete an assessment of the class objectives, and whether the objectives were met.

G. Closure-

1. Make sure the Learners understand they do have a limited amount of control over their finances. Answer any questions the Learners have.
2. Pass around an interest list for 4- Weeks of Financial Peace and/or a 2-Part Budget Building Workshop.
7. Evaluation-
1. All evaluation pages will be kept.
2. Learners who provided the most thoughtful answers will be approached to see if they will take additional classes.

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