Consumer Management- Money
Department C, Division 247
Superintendent:
Consumer management helps 4-H members learn more about how to make smart fiscal decisions and how to improve financial literacy. The different exhibits provide a variety of learning experiences for 4-H members. Participants in this category will emphasize setting smart goals and keeping a spending plan. For more resources and materials in this category refer to the resource section at the bottom of the page.
Scoresheets, forms, contest study materials, and additional resources can be found at https://go.unl.edu/ne4hconsumermanagement.
An explanation of projects and curriculum resources can be found at https://4h.unl.edu/resources/projects/.
Division 247- My Financial Future
Rules:
Entries should be typed and then attached to a piece of colored card stock or colored poster board (limit the size of the poster board or card stock to 14 inches x 22 inches or smaller).
You may use the front and back of the poster board.
The My Financial Future Youth Notebook can be purchased at shop4-H.org
Page references in classes 01-06 can be found in My Financial Future Youth Notebook – Beginner. Page references in classes 08-11 can be found in My Financial Future Youth Notebook – Advanced.
C247001* Write 3 SMART financial goals for yourself (SF247) - one should be short term, one intermediate, and one long term. Explain how you intend to reach each goal you set.
C247002* Income Inventory (SF247) - Using page 13 as a guideline, list sources and amounts
of income you earn/receive over a six-month period. Answer the following questions: What were
your income sources? Were there any steady income sources? What did you do with the income
you received? Include your income inventory in the exhibit.
C247003* Tracking Expenses (SF247) - Use an app or chart like the one on page 17 to track
your spending over two months. Answer the following questions: What did you spend most of
your money on? What did you learn about your spending habits? Will you make any changes in
your spending based upon what you learned? Why or why not? Include your chart in your
exhibit.
C247004*Money Personality Profile (SF247) - Complete the money personality profile found
on pages 21-22. Answer the following questions: What is your money personality? How does
your money personality affect the way you spend/save money? Have a friend or family member
complete the money personality profile. Compare and contrast (how are you alike how are you
different) your money personality profile with theirs.
C247005* Complete Activity 8 “What Does It Really Cost?” (SF247) - on pages 39-40.
C247006* My Work; My Future (SF247) - Interview three adults in your life about their
careers or jobs using the questions on page 51 and record these answers. In addition, answer the
following questions on your display. What did you find most interesting about these jobs? Were
there any positions you might want to pursue as your career? Why/Why not? What careers
interest you at this point in your life? What are three steps you need to do now to prepare for this
career?
C247007* Interview (SF247) - Interview someone who is paid a salary; someone who is paid a
commission; and someone who is paid an hourly wage. Have them answer the following
questions plus any additional questions you may have. *What are some benefits of receiving
your pay the way you do (salary, commission, or hourly wage)? *What are some negative
outcomes for getting paid the way you do? *Does your pay keep pace with inflation? Why do
you think this? Summarize: Based upon your interviews which payment method would suit you
the best? Discuss your answer.
C247008* The Cost of Not Banking (SF247) - Type your answers to the questions about Elliot on page 50.
C247009* Evaluating Investment Alternatives (SF247) - complete the case study of Jorge on
page 64. Answer all three questions found at the bottom of the page.
C2470010* Understanding Credit Scores (SF247) - Watch the video and read the resource
listed on page 71. Answer the following questions. *Name three prudent actions that can reduce
a credit card balance. *What are the main factors that drive the cost of credit? *List one personal
financial goal that you could use credit or collateral to purchase. Discuss possible consequences
that might happen with improper use of credit for your purchase.
C247011* You Be the Teacher (SF247) - Create an activity, story board, game or display that
would teach another youth about “Key Terms” listed on page 62. Activity/display must include
at least five of the terms.
*State Fair Eligible