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Resources on Financial Education

By Jessica Black,2014-05-18 00:46
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Resources on Financial Education

    Financial Education Resources for Youth and Adults

Financial Education Programs:

    National Endowment for Financial Education (NEFE): http://www.nefe.org/HelpforConsumers/tabid/64/Default.aspx NEFE’s mission is to help underserved populations take better control of their finances.

    The website teaches individuals about money. It has information on practical steps to get

    smart about money, financial planning resources, and articles providing financial advice.

    Below we highlight two of their programs:

    NEFE’s High School Financial Planning Program? (HSFPP):

    http://hsfpp.nefe.org/home

    HSFPP helps young people manage their money in smart ways through its

    Student Guide and Instructor’s Manual. Samples of these resources can be

    downloaded on the website. In addition, the HSFPP curriculum meets the

    education requirements in all states.

    NEFE’s CashCourse College Program: http://www.cashcourse.org/

    NEFE is also in the process of developing a college program for universities to

    offer to students, it includes a free website with financial resources for traditional-

    age college students.

National Council for Economic Education (NCEE): http://www.ncee.net/

    NCEE has the goal of helping students learn to apply economics and personal finance in

    the classroom. This national network serves students and teachers. Below we highlight a

    couple of its programs:

    Financing Your Future (supported by The Citi Foundation):

    http://financingyourfuture.ncee.net/

    This financial literacy program is a DVD set that covers a variety of topics, such

    as understanding credit and debt and creating a budget. Although the videos and

    lessons were intended for high school teachers and their students, they are also

    used by mentors, parents, and adult students.

    Financial Fitness for Life (sponsored by the Bank of America Foundation):

    http://fffl.ncee.net/

    This is an innovative and fun-filled ways to teach K-12 students how about

    personal finance. The CD includes lessons to print out and interactive activities

    based on the lessons.

Practical Money Skills (brought to you by VISA): www.practicalmoneyskills.com

    This website offers resources for financial education from young children to adults. The

    site focuses on information that can be used at home, in small businesses, or in an

    educational setting. The resources for teachers and others working with youth are

    extensive. These include lessons plans, classroom tools and activities (such as interactive

    calculators and a new online game called Financial Football), a newsletter called

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Practical Money Skills, and connections to national curriculum standards. All these

    resources can be downloaded from the website.

Hands on Banking (by Wells Fargo): http://www.handsonbanking.org/

    This web-based financial education program is free and fun and serves four different age

    ththththgroups kids (4 and 5 graders), teens (6 and 7 graders), young adults (15-21 years of age), and adults. The curriculum for school-age students meets the national education

    standards and the college-age curriculum covers paying for education and becoming

    financially independent. You can download a teacher’s resource guide for each different age group. The program is also available in Spanish.

    Money Smart (Federal Deposit Insurance Corporation): http://www.fdic.gov/consumers/consumer/moneysmart/index.html Money Smart has a program for young adults (12-20) and adults. The adult program has

    instructor-led and computer-based versions that may be used by financial institutions and

    other organizations interested in holding financial education workshops. The young adult

    program has instructor-led version and can be taught by seasoned, professional educators

    as well as informal educators. They are both free of charge!

    MoneySKILL?: http://www.moneyskill.org MoneySKILL is a personal finance course that educates students about making good

    financial decisions. The course is web-based and highly interactive. It consists of 34

    “How To” modules on income, money management, spending, credit, savings, and

    investing. Each module is approximately 40 minutes in length. MoneySKILL? includes

    two real-life simulations that help students plan from the time he or she is financially

    independent until retirement.

MyMoney.gov: http://www.mymoney.gov/

    The federal government’s website was established by the Financial Literacy and

    Education Commission to provide all Americans at all ages information on financial

    literacy. They have resources for on Abraham Lincoln and the 5 dollar note, paying for

    education, and retirement planning. Materials are also available in Spanish.

Federal Reserve Education: http://www.federalreserveeducation.org/fred/

    Here you can find federal resources on financial education and they also have links to

    non-federal websites and resources. For adults they have a personal financial education

    section where they can view different pertinent topics and for youth they have a lesson

    plans on existing literature that covers personal finance topics. In addition, they have pod

    casts explaining the various curricula and lessons available to teachers.

    Organizations with Financial Education Resources: The Jump$tart Coalition for Personal Financial Literacy: http://www.jumpstart.org/

    Jump$tart is a national coalition of organizations that advocate, conduct research, set

    standards, and provide educational resources on financial literacy for kindergarteners to

    college-age adults. On their website you will find a comprehensive clearinghouse

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database of financial literacy materials. You must visit this website and check out its

    resources!

New York State Banking Department Financial Education Directory:

    http://www.banking.state.ny.us/fec/index.htm

    The New York State Banking Department maintains this directly, which is actually a

    catalogue of organizations offering and resources on financial education. You can search

    for by target audience and geographic area.

    Other organizations’ financial education resource lists:

    ? Assets Alliance’s financial education list:

    http://www.assetsalliance.org/pages/main.php?pageid=26#5

    ? University of Georgia Family and Consumer Sciences Cooperative Extension

    website has a financial literacy list for youth:

    http://www.fcs.uga.edu/ext/econ/youth.php

    ? Asset’s for Independence financial literacy resources:

    http://www.acf.hhs.gov/programs/orr/programs/financial_education_resources.ht

    m

    ? Financial education resources for youth transitioning out of foster care

    Presented at the 2006 Asset Building Conference, CFED & the Assets Alliance

    http://www.usc.edu/dept/chepa/HRYANG/resources/24.pdf

    ? This College Access Initiative publication gives an overview of guaranty agency

    outreach services, some of which offer financial education:

    http://www.nchelp.org/initiatives/access/GAaccessoverviews2006-final.pdf

Credit Education websites:

    What’s My Score (created by Visa USA): www.whatsmyscore.org This website is geared toward teens and young adults. The site contains a Money Guide

    that includes college-related financial information, such as saving for college, buying a

    car, and renting an apartment. This guide has very detailed information about managing

    money: for instance, it explains the difference between a credit card and debit card. The

    website also has a wealth of information about using credit knowledgeably and wisely.

MyFICO: www.myfico.com

    MyFICO is a website devoted to credit education. You can find information about all

    things related to credit, such as choosing credit cards, obtaining and understanding credit

    scores, and identify theft. There is also information about loans as a form of credit,

    especially ways to calculate how much money a person would pay in interest if they had

    a certain rate.

Econ4U: www.econ4u.org

    Econ4U is the website of the Center for Economic and Entrepreneurial Literacy (CEEL)

    and is geared toward young people. The site provides extensive economic education, but

    does so in a style that is friendly and cleverly designed to attract their target population.

    A lot of information is offered in a quiz-style format. Education topics include credit

    card debt, tax rates, and savings. There are also many facts about jobs and careers,

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particularly first jobs that successful people have had. The main goal of the site is to

    motivate and inspire young people to be financially successful.

Customized financial education curricula from organizations offering IDAs:

    ? Juma Ventures is a nonprofit organization in San Francisco that offers IDAs to

    youth. They offer Money Skills Classes, see

    http://www.usc.edu/dept/chepa/HRYANG/resources/Money_Skills1.doc

    ? The Community Action Partnership of Riverside County California IDA program

    provides workshops to their participants. Highlight the following link to see their

    Education IDA workshop matrix

    http://www.usc.edu/dept/chepa/HRYANG/resources/Educ_IDA_workshp2.doc

    ? REACH Community Development Corporation offers a financial education

    program for youth called Youth$ave. See the following link for information on

    the Youth$ave curriculum description and table on contents:

    http://www.usc.edu/dept/chepa/HRYANG/resources/100.doc

    Also learn the rules on their Credit Game:

    http://www.usc.edu/dept/chepa/HRYANG/resources/105.pdf

    ? The Utah IDA Network (UIDAN) partners with Utah State University (USU)

    Extension to offer a basic and family finance class. Go to www.usu.edu/fchd and

    click on Student resources and courses and then on courses and then on FCHD

    3350 to view the syllabus.

    ? Maine Centers for Women, Work, and Community (WCC) offer Family

    Development Accounts (FDAs) and offer financial education. See their Financial

    Education workshop descriptions:

    http://www.usc.edu/dept/chepa/HRYANG/resources/133.doc

    ? The Center for economic development (CFED) also has a financial education

    curriculum to aid IDA programs in offering financial education called Finding

    Paths To Prosperity, highlight link to view a description of their Facilitator's

    Package: http://www.cfed.org/think.m?id=112&pubid=178.

    ? Women’s Opportunities Resource Center has a financial planning and financial

    education website for their IDA participants called Building Blocks to Financial

    Success: http://www.worcfinancialed.com/

    ? One Economy has a financial education program called The Beehive, which also

    includes information on IDAs called Money Made Easy:

    http://thebeehive.linktier.com/moneymadeeasy/default-flash.asp

GEAR UP financial education:

    ? Money Skills for Real Life is a website for GEAR UP middle and high school

    students. See http://www.gearup-moneyskills.org/

Research Team: Adrianna Kezar, Vikki Frank, Jaime Lester, Hannah Yang

Center for Higher Education Policy Analysis

    Rossier School of Education

    University of Southern California

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