Does Money Grow on Trees?

Value of a Job &

Earning Power
 2.1.1.
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1

Where does Money come from?

Workin
 All
owanc 
e g
 Fundrais  Bonus

ing
S
cholars
 Gifts h
ip s
r es 
Borro
In te wi
 ng
t© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances –
Does Money Grow on Trees? – Slide 2
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the
University of Arizona
 2.1.1.
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A Look from the Treetop

 In this lesson we will learn:

– Why People Work
– Value of a Job, Occupation, and Career
– Relationship between Education Level and
Income
– Standard of Living
– Identify Needs and Wants
– Aspects of Well-Being
– Planning for the Future
© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances –
Does Money Grow on Trees? – Slide 3
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the
University of Arizona
 2.1.1.
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Why Do People Work?

 To feel personal satisfaction

 To improve their
skills
 To earn money

© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances –
Does Money Grow on Trees? – Slide 4
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the
University of Arizona
 2.1.1.
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1

What is a Job?

 Work role within a specific organization

– Paid or unpaid
 Examples:
– Lawn mower at Community Golf Course
– Secretary at ABC Law Firm
– Brain Surgeon at Hospital X

© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances –
Does Money Grow on Trees? – Slide 5
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the
University of Arizona
 2.1.1.
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1

What is an Occupation?

 A wide category of
Educat
jobs with similar or
characteristics

b
bJo
 What other jobs fall

Jo

Jo
Jo
Jo

b
b
under the

b
occupation or
g h Commu
“umbrella” of an H ool
i nity
h Yo r Volunte
educator? c e
S ch uth er
a
Te Lea Group
d er
© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances –
Does Money Grow on Trees? – Slide 6
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the
University of Arizona
 2.1.1.
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1

What is a Career?

 A lifetime journey of building and

making good use of your skills,
knowledge and experiences
 Influenced by:
– Family
– Friends
– Education
– Work
– Leisure Activities

© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances –
Does Money Grow on Trees? – Slide 7
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the
University of Arizona
 2.1.1.
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1

Mind Mapping

Career
(Educator)

© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances –
Does Money Grow on Trees? – Slide 8
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the
University of Arizona
 2.1.1.
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1

Mind Mapping

Career
(Educator)

Occupation Occupation
(Math Teacher)
(Elementary
Teacher)

© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances –
Does Money Grow on Trees? – Slide 9
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the
University of Arizona
 2.1.1.
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Mind Mapping

Career
(Educator)

Occupation Occupation
(Math Teacher)
(Elementary
Teacher)

Job Job
Job
Job (Play Ground (maintenance
(Teacher Aid)
Worker) staff)
(Swim Coach)

© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances –
Does Money Grow on Trees? – Slide 10
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the
University of Arizona
 2.1.1.
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1

Mind Mapping

Career
(Professional
Athlete)

© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances –
Does Money Grow on Trees? – Slide 11
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the
University of Arizona
 2.1.1.
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1

Mind Mapping

Career
(Professional
Athlete)

Occupation
Occupation
(basketball
player) (football
player)

© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances –
Does Money Grow on Trees? – Slide 12
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the
University of Arizona
 2.1.1.
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1

Mind Mapping

Career
(Professional
Athlete)

Occupation
Occupation
(Basketball
Player) (Football
Player)

Job Job Job

(Equipment Job (grounds (maintenance
Manager) (Floor keeper) staff)
Sweeper)

© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances –
Does Money Grow on Trees? – Slide 13
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the
University of Arizona
 2.1.1.
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Your Turn!

Career

Occupation
Occupation

Job Job Job

Job

© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances –
Does Money Grow on Trees? – Slide 14
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the
University of Arizona
 2.1.1.
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A Day in the Life of Bill…

 Carefully read the story about a

typical day in the life of Bill.

 Use the information to answer

the questions that follow.

 NOTICE: Don’t forget the Bonus

question on the bottom of the
page!

 Are there any questions?

© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances –
Does Money Grow on Trees? – Slide 15
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the
University of Arizona
 2.1.1.
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1

Education Matters
 Which education level has the opportunity to
earn the highest income?
Education Level Type of Work U.S. Average
Income (2007)
Not high school Job $33,913
graduate
High school Job, occupation $46,938
graduate
Associate degree Job, occupation, $64,537
career
College degree Job, occupation, $88,948
© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances –
Does Money Grow on Trees? – Slide 16
career
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the
University of Arizona
 2.1.1.
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Education vs. Income Tower

Activity

 Goal: Build the tallest free-standing tower using

only the given supplies.
 Challenge: Each group has a different education
level with certain skills/limitations.
– High School dropout
– High School graduate
– Associate degree
– College degree
– Graduate degree
 Solution: Work together and good luck!

© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances –
Does Money Grow on Trees? – Slide 17
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the
University of Arizona
 2.1.1.
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1

Education vs. Income Tower

Activity Directions
 High School Dropout: Team members can use one hand only, the
other must be kept behind their back and all communication must
be done nonverbally to represent limited skills and education.
 High School Graduate: Team members can use one hand only
and the other must be kept behind their back.
 Associate degree: Team members have full use of their hands
but all communication must be done nonverbally.
 College degree: Team members have full use of their hands and
the team must designate one person only who can talk. The others
must communicate nonverbally.
 Graduate degree: Because these individuals have obtained the
highest level of education, they have no limitations when building a
tower.

© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances –
Does Money Grow on Trees? – Slide 18
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the
University of Arizona
 2.1.1.
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1

Education vs. Income Tower

Activity Discussion

 Which group had to work the hardest to build

the tower? Why?
 Why were some groups more successful than
others?
 How did the education level relate to the
degree of the assigned limitations?
 How might a person get the “skills” needed
for the opportunity to have a career and earn
a higher income?
© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances –
Does Money Grow on Trees? – Slide 19
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the
University of Arizona
 2.1.1.
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1

Standard of Living

A standard of living is the minimum necessities

thought to be essential
– Millionaire – fancy food, mansion, new car
– College student – instant soup, small apartment, used car
 Need – essential items required for life
– Food, water, shelter
 Want – unnecessary but desired items
– iPod, car, designer clothes

© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances –
Does Money Grow on Trees? – Slide 20
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the
University of Arizona
 2.1.1.
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1

Well-being

 The state of being happy, healthy, and

prosperous
 Impacted by:
– How money is gained
– Career choice
– How money is spent
 Personalfinancial choices can affect an
individual or entire family’s overall well-
being
© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances –
Does Money Grow on Trees? – Slide 21
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the
University of Arizona
 2.1.1.
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1

Think Ahead

 Identifya desired standard of living at an

early age to determine:
– Level of education needed
– Type of job to have
– Desired career path
– Future needs and wants
– Income level
 What do you want to be when you grow up?

© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances –
Does Money Grow on Trees? – Slide 22
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the
University of Arizona
 2.1.1.
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1

Fertilize your Future

 PlanNOW for your desired standard of

living…

OR OR

 Education helps a person reach their financial

goals
© Family Economics & Financial Education – Revised March 2010 – Get Ready to Take Charge of Your Finances –
Does Money Grow on Trees? – Slide 23
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the
University of Arizona