Payment Card News

Financial Literacy Month in Full Stride for April – Tons of Support

253 0

At mid-month the Financial Literacy Bandwagon includes: Jump$tart Coalition, Consumer Financial Protection Bureau, American Banker’s Association, Ally Financial and many others.

The original promoter of Financial Literacy Month (FLM), is the Jump$tart Coalition along with its national partners, 51 affiliated state coalitions, financial educators and other members of the financial literacy community, championed a month-long campaign in April to raise public awareness about the importance of financial literacy.

Upcoming Jump$tart Coalition Events:

National Social Security Month Webinar will feature Suze Orman on Wednesday, April 19 from 2-3 p.m. ET. (Must register by April 14.) She will share tips on communicating with the public about financial literacy and discusses the importance of Social Security to every person’s financial plan.

Money Smart Week is a public awareness campaign designed to help consumers better manage their personal finances. Programming is offered to all demographics and income levels and covers all facets of personal finance. Partnering organizations will host their events April 22 – 29, 2017. 

Teach Children to Save is a free national program sponsored by the ABA Foundation that organizes banker volunteers throughout the year to help young people develop a savings habit early in life. This year marks the 20th anniversary of the event, which will be held Friday, April 28, 2017.

The Consumer Financial Protection Bureau’s (CFPB) The Money as You Grow book club is a family financial education program that uses children’s books to help families learn key money concepts through reading, play, and quiet one-on-one talks.

This month The Money as You Grow book club selection is “Curious George Saves His Pennies,” by Margaret and H. A. Rey, for ages 4 to 7. In the book, Curious George works hard to save up money for a toy he wants, but then he loses his piggy bank on the way to the toy store. Fortunately, he gets it back and he shows his gratitude by doing something nice for the person who returned it to him.

In the Parent Guide for “Curious George Saves His Pennies,” you’ll find questions you can ask your child about the story as well as interactive activities based on the book. For young children, it’s important to build foundational skills like waiting for what they want. You might ask about things your child could do to save up money or plan ahead for something he or she wants. Slightly older children, up to age 10, may be curious about how you might expect them to act if they lose or find something valuable.

Nine out of ten adults overwhelmingly agree personal finance skills should be taught in schools. Despite such strong support, as of 2016, only 17 states require high school students to take a course in personal finance.

Noteworthy is the fact April is Financial Literacy Month.

The American Banker’s Association (ABA) Foundation along with bankers will visit local classrooms this month.

Teach Children to Save is celebrating its 20th anniversary this year and since its inception has encouraged nearly 180,000 bankers to teach saving skills to approximately 7.5 million students. Teach Children to Save Day will be marked on April 28th.

In a Teach Children to Save classroom lesson, bankers teach students the fundamentals of financial literacy through age-specific activities and interactive scenarios. The lessons cover the basics of saving, as well as how to create a budget and distinguish needs from wants.
The program is generously supported by its national partners: Citi, Fiserv, U.S. Bank and Wells Fargo.

Planet Zeee and the Money Tree,” a new children’s book using a fun and futuristic storyline to teach money skills and concepts to kids ages 6-10 is ready for free download. The download also includes tips and resources to help parents talk to their kids about money.

The new materials for families with children are an extension of Ally Financial’s Wallet Wise program, which provides financial education courses and tools to help consumers of all ages better manage their money.

Across your entire lifetime, about how much money do you think you have lost because you lacked knowledge about personal finances?

Based on a new survey from National Financial Educators Council, the of financial knowledge is costing Americans collectively more than $2.3 trillion dollars over a lifetime.

Respondents estimated that their lack of financial knowledge cost them an average of $9,724.83 (calculated by averaging the total number of respondents choosing each category, using the lowest number in each spread).

MORE

 

 

Leave A Reply