You work for your money - Is your money working for you?

The Money Crunch program teaches young employees, aged 18 to 24, how to budget, build wealth, plan for their goals, and save money for investment. As they achieve a firm financial foundation, young people also learn the principles of investing, the investment options available to them, and how to choose the best investment options to meet their needs. Through this course, young investors are able not only to reach their more immediate financial goals, but also to successfully plan for long term goals, including a secure retirement.

At A Glance - Goals and Objectives

Goal 1: To motivate and help young working adults to gain investment skill and plan for a secure financial future through retirement.

Objectives:

  • Young working adults will understand the basic steps for building wealth over the life cycle .
  • Young working adults will increase their net worth as a result of participation in the program.
  • Young working adults will understand their financial options for retirement and set clear and attainable retirement goals.

Goal 2: To engage employers in creating a culture of support through provision of work site investment education as well as financial planning and savings incentives.

Objectives:

  • Employers will more actively participate in planning and implementation of work site financial education for their young employees.
  • Employers and company credit unions will offer more savings and financial planning incentives to young employees.

Goal 3: To strengthen the capacity of Extension and other educators to effectively work with employers and employees to implement investment education at the work site.

Objectives:

  • Educators will strengthen their capacity to market to employers the concept of investor education at the work site.
  • Educators will develop effective protocols for engaging emploers and employee credit unions in program delivery.
  • Educators will identify effective methods and curricula for delivering program content and motivating young employees to act to secure their financial futures.

At A Glance - Concepts

  • Getting motivated to save
  • Finding money to invest
  • Investment options
  • Assessing and managing risks
  • Setting goals
  • Selecting the best investment option
  • Working with a financial professional

At A Glance - Target Audience

Young Employees. The project will primarily target youn employees in the 18-24 year old age range at work sites in the states of Florida, Kansas, Kentucky and Tennessee. Young employees will represent diverse literacy and income levels.

Employers. Secondary audiences will be employers, military, human resourc and employee credit union personnel who will be engaged in project development, support and information delivery at work site locations.

Educators. Local educators will participate in program implementation and evaluation.

Suggested Industries and Audiences

  • Health care - Technicians, clerical, maintenance, food service, medical support, nurses
  • Education - Teachers, maintenance, food service workers, teachers' aides
  • Food service - Wait staff, kitchen staff, managers
  • Military - Enlisted personnel
  • State & Local Government - Clerical, facilities, law enforcement, public houseing workers
  • Retail/food - Checkers, assistant managers, stockers
  • Retail other - Sales floore, assistant managers
  • Hospitality - Clerical, facilities, food service
  • Industry - Assembly line, clerical, transportation, warehouse
  • Care providers - Adult, elder, child
  • Services - Bank tellers, call center workers, personnel services, custodial

At A Glance - Evaluation Methods
  • Pre/post program surveys
  • Employer pre/post program interviews
  • Three month follow-up surveys

Coordinating Team

The University of Tennessee

Dena Wise, PhD
Associate Professor and Extension Specialist
Department of Extension Family & Consumer Sciences
University of Tennessee
119 Morgan Hall
Knoxville, TN 37996-4501
Phone: 865-974-8198
E-mail: dkwise@utk.edu

Ann Berry, PhD
Assistant Professor and Extension Specialist
Department of Extension Family & Consumer Sciences
University of Tennessee
119 Morgan Hall
Knoxville, TN 37996-4501
Phone: 865-974-8198
E-mail: aaberry@utk.edu

Robin Moody
Extension Assistant
Department of Extension Family & Consumer Sciences

Kansas State University

Esther M. Maddux, PhD, CFP
Professor and Extension Specialist
343 Justin Hall
Kansas State University
Manhattan, KS 66506-1403
Phone: 785-532-1940
E-mail: emaddux@ksu.edu

Ann Sanders
Extension Assistant

The University of Kentucky

Suzanne B. Badenhop, PhD
242 Scovell Hall
University of Kentucky
Lexington, KY 40546-0064
Phone: 859-257-7485
E-mail: sbadenho@email.uky.edu

Tim Lantham
Extension Assistant

The University of Florida

Michael S. Gutter, PhD
Assistant Professor and Extension Specialist
Department of Family Youth and Community Sciences
Institute of Food and Agricultural Sciences
3002 McCarty Hall D
P.O. Box 110310
Gainesville, FL 32611-0610
Phone: 352-392-1778 Ext. 228
E-mail: msgutter@ufl.edu

Mary Harrison (deceased)
Professor and Extension Specialist
Department of Family Youth and Community Sciences

Josephine Turner, PhD
Professor and Extension Specialist
Department of Family Youth and Community Sciences

Susan Williams
Extension Assistant
Department of Family Youth and Community Sciences

Cooperating Funders & Universities