Career Learning for Adult Self-Sufficiency (CLASS)

Are you Money Smart?

Posted by Maisha Meminger - On September 07, 2010 (EST)

Money Smart is the Federal Deposit Insurance Corporation’s (FDIC) free financial education program. The curriculum has two instructor-led versions: one for adults and one for young adults. In addition, an independent self-paced, computer-based instruction (CBI) version, and a portable audio version, are accessible directly through the FDIC Web site or a link on the DOL Web site.

Recognizing the importance of financial education, the FDIC and the U.S. Department of Labor announced a joint Money Smart (MS) initiative on January 19, 2001; to help banks and One-Stop Career Centers deliver financial education in their communities. The goal is to help low- and moderate-income individuals enhance their money management skills and build financial confidence to use banking services effectively. More than 2 million people have attended at least one financial education class using the Money Smart curriculum since its release in 2001.

The need for a version of Money Smart for young people to combat the lack of financial literacy skills among youth is very real. The Money Smart for Young Adults curriculum helps instructors teach young adults between ages 12 and 20 learn the basics of handling their money and finances, including how to create positive relationships with financial institutions. Money Smart for Young Adults consists of eight stand-alone instructor-led modules. Each module consists of a fully scripted instructor guide, participant guide, and overheads. The materials also include optional computer-based scenarios that allow students to complete exercises such as shopping for a credit card.

User Comments (1)
On September 16, 2010  Adrienne Bailey said:
I think this financial education program is needed by everyone, espcially youth. This resource is a key element to include in academic curriculums to help ensure youth are exposed to the skills of managing their money wisely, as well as make sound financial decision in the future. It pays in the long run to be a wise stuart over one's finances today.

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Modified On : September 07, 2010
Type : Web Link
Downloads : 316
Viewed : 1168
In Relation : Career Guidance and Financial Literacy

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