Post on 17-Nov-2015
description
transcript
financial education curriculum matrix
building strong foundationsFounding Sponsor
THE UNITED STATES CONFERENCE OF MAYORSCOUNCIL FOR THE NEW AMERICAN CITY
2007_08
TARGETAUDIENCE
CURRICULUMAREA
Low- to moderate-income
General consumers
Minorities
Adults
Students
Banking/budgeting/savings
Credit management
Homeownership
Retirement planning
Train-the-trainer
Low
- to m
od
erate-inco
me
Gen
eral con
sum
ers
Min
orities
Ad
ults
Stud
ents
Ban
kin
g/b
ud
getin
g/savin
gs
Cred
it man
agem
ent
Ho
meo
wn
ership
Retirem
ent p
lann
ing
Train-th
e-trainer
Credit Booster1incharge education foundation | Designed to lead the consumer through a step-by-step process to enhance usage of credit and management of debt.
Chapters include:
1 Basics of Improving Your Credit2 Where Do You Stand?3 Where Does All the Money Go?4 Making Sense of Your Financial Situation5 Understanding Your Credit Report & Credit History6 Understanding Your Credit Score7 Setting Your Financial Goals8 Budgeting
09 Removing Mistakes from Your Credit Report10 Improving Your Credit Score11 Resolving Severe Credit Problems on Your Own12 Getting Help for Resolving Severe Debt Problems13 Building Credit When You Do Not Have Any14 Building Credit After Divorce15 Rebuilding Credit After Bankruptcy
Money Smart10fdic | Teaches low- to moderate-income adults about finances. It is available in a teacher-based format, and directly to consumers in CD-ROM and Web-based format on the FDICs homepage. Available in 5 other languages including Spanish and includes a train-the-trainer component.
Modules include:
Bank on It: an introduction to bank servicesBorrowing Basics: an introduction to creditCheck it Out: how to choose and keep a checking accountMoney Matters: how to keep track of your moneyPay Yourself First: why you should save, save, saveKeep It Safe: your rights as a consumer
To Your Credit: how your credit history will affect yourcredit futureCharge It Right: how to make a credit card work for youLoan to Own: know what youre borrowing before you buyYour Own Home: what homeownership is all about
CreditSmart2freddie mac | Designed to help users obtain the knowledge and skills necessary to manage their finances and positively impact their credit.
CreditSmart is being distributed through organizations committed to helping underserved communities, including the National Urban League and the Rainbow/PUSH 1000 Churches Connected initiative.
CreditSmart is available in English and Spanish and includes eleven different modules, including:
1 Your Credit & Why It Is Important2 Managing Your Money3 Goal Setting4 Banking Services, An Important Step
5 Establishing and Maintaining Credit6 Understanding Credit Scoring7 Thinking Like a Lender8 Avoiding Credit Traps
09 Restoring Your Credit10 Planning for Your Future11 Becoming a Homeowner
Mind Your Finances Classroom Edition8incharge education foundation | Mind Your Finances (CD-ROM and Web versions) is divided into seven major topics:
Clarifying GoalsOrganizing Financial RecordsMonitoring Debt-to-Income Ratio and Credit UsePreparing a Spending Plan
Asking for Credit ReportsSaving MoneyStudying and Learning About Consumer Credit Issues
These learning activities are tailored into a teachers guide and a student workbook to fit both these seven major topics and the specific needs and interests of students in grades 6-10, so they can better understand and learn the skills they need to become responsible, savvy consumers.
Freddie Mac Homebuyer Resources3freddie mac | These credit, mortgage finance, and home-buying resources are designed to assist prospective homebuyers and existing homeowners. Online only.
High School Financial Planning Program4national endowment for financial education | Created in partnership with InCharge, the HSFPP uses contemporary materials to teach the basics of personal finance to young people while they are developing habits and attitudes about money that will influence them for the rest of their lives. It is based on the philosophy that learning about money is as important as earning itand that effective money management results from disciplined behavior, which is most easily mastered if learned early in life.
Has train-the-trainer and train-the-teacher components as well as teacher in-classroom instruction.
Also provides Web-based training as a course aimed at teachers and others who work with young people in an informal setting. It provides information on personal finance and features a myriad of suggestions and examples that can be applied to classroom exercises and discussions.
Homeownership Basics Online5u.s. department of housing and urban development | Provides prospective homeowners with modules that explain the basics of buying a home, and what is expected of a buyer. Online only.
Investing for Success6investment company institute | This Web course is an educational program jointly sponsored by the Hispanic College Fund, Inc. (HCF) and the Investment Company Institute Education Foundation (ICIEF).
This program responds to research showing that, compared to other groups with similar incomes, Hispanics are the least likely to invest. HCF, ICIEF, and the mutual fund industry have joined forces to help Latinos become knowledgeable about opportunities to build wealth and to encourage long-term financial planning to secure their childrens education and their own retirement.
Late Savers Guidebook7national endowment for financial education | A guide to help late savers prepare for retirement.
Mind Your Finances:Saving, Increasing Your Spending Power, Banking
9
incharge education foundation | These modules are designed to serve as resources that the general consumer can use to learn about the basic financial principles involved in these areas and to identify steps that can be taken to ensure that the consumer can direct some control over his/her economic activities.
Preparing to Buy a HomeYour Personal Workbook11countrywide home loans | Offered in English and Spanish, this workbook was created to work in conjunction with the FDIC Money Smart training materials. Topics covered include money management, the importance of credit, qualifying for a loan, and a glossary. Worksheets include a daily spending diary, income and expense worksheet, budgeting tool, mortgage shopping worksheet and more. Up to 50 complimentary copies provided upon request. Contact Countrywide Corporate Giving, corporate_giving@countrywide.com.
Young Money | Grab Todds Cash12incharge education foundation | Grab Todds Cash is a high-tech game designed to test a players money skills, a fun way to test how much one knows how to handle his/her dough.
In each chosen topic round, the player teams up with one of the Mo Money Gamers. This team challenges Todd, the financial genius. One can play from Dead Broke to Big Wheel by teaming up with all 8 Mo Money Gamers and winning Bonus Rounds!
High scores are displayed on the Web site, so people are encouraged to come back, test Todd again and again, score more points, and even learn a little bit more about managing ones finances.
www.youngmoney.com/money_game
www.mindyourfinances.com/products/credit-booster
www.freddiemac.com/creditsmart
www.freddiemac.com/homeownership
www.nefe.org/hsfppportal
www.hud.gov/webcasts/archives/homeforall.cfm
www.investingforsuccess.org | Spanish www.invertirconexito.org
www.nefe.org/latesavers/index.html
elearning.mindyourfinances.com
www.mindyourfinances.com
www.fdic.gov/consumers/consumer/moneysmart
CD-ROM
booklet/workbook
online available in Spanish
NATIONAL FINANCIAL LITERACY RESOURCES
JA Finance Parkjunior achievement | Offers students personal financial management and career exploration through classroom instruction and active participation in a simulated community. The curriculum serves as an integrated unit to prepare students for an all-day visit to JA Finance Park.
NeighborWorksthe neighborworks network | Includes the neighborhood revitalization and educational services offered by Neighborhood Reinvestment Corporation, Neighborhood Housing Services of America, and a national network of public and private partnerships. Through their Financial Fitness Training Program local NeighborWorks affiliates teach the basics of finances and consumer skills such as setting financial goals, assets and liabilities, and using banks wisely.
National Foundation for Credit CounselingA national nonprofit network of 1,450 Neighborhood Financial Care Centers designed to provide assistance to people dealing with stressful financial situations.
www.nw.org/network/pubs/studies/documents/finfitstartup.pdfwww.nhsnyc.org/content/buy/homebuyer_education.html
www.nfcc.org
360 Degrees of Financial Literacyamerican institute of certified public accountants | Articles and fact sheets on topics covering homeownership, retirement planning, money management, credit, and many other subjects.
www.360financialliteracy.org
NATIONAL FINANCIAL EDUCATION CLEARINGHOUSES
Financial Literacy andEducation CommissionA partnership of 20 federal agencies, maintains the MyMoney.gov Web site and 1.888.MYMONEY toll-free hotline that provide access to a wide variety of publications and tools that can assist consumers better understand their moneyhow to save it, invest it, and manage it wisely to meet important personal goals.
www.mymoney.gov
Jump$tart Coalitionfor Personal Financial LiteracyJump$tart maintains a clearinghouse of resources that seek to promote financial literacy.
www.jumpstartcoalition.org
OTHER RESOURCES
Corporation for Enterprise DevelopmentPromotes asset-building and economic opportunity strategies, primarily in low-income and distressed communities, that bring together community practice, public policy, and private markets. CFED has promoted the IDA as a means of enabling low-income individuals to develop assets and is currently drafting certification standards for IDA Programs. CFED coordinates the American Dream Demonstration (ADD), a large-scale IDA program which has designed and implemented IDA initiatives in 13 locations around the country.
Assets for Independence Demonstration (AFI)The first federal law to fund IDA programs. Administered by the U.S. Department of Health and Human Services, this initiative has been authorized to fund 5-year project grants to establish new IDAs across the country.
Federal Reserve SystemThe Fed has developed a campaign to call attention to the importance of personal financial education entitled Theres a Lot to Learn about Money. The campaign includes public service announcements as well as educational resources.
www. acf.hhs.gov/assetbuilding/assets.html
www.federalreserveeducation.org
www.cfed.org
additional resources
Federal Citizen Information CenterPublishes a Consumer Information Catalog four times a year containing over 200 free and low-cost publications of practical interest to consumers. Also produces one of the most popular federal publications, the Consumer Action Handbook, and its Spanish-language companion, the Gua del Consumidor.
www.pueblo.gsa.gov | www.ConsumerAction.gov | www.consumidor.gov
MAYORS NATIONAL DOLLAR WI$E CAMPAIGNFINANCIAL EDUCATION CURRICULUM MATRIX | 2007_08 edition
General curricula10 Money Smart
Banking/budgeting/savings04 High School Financial
Planning Program06 Investing for Success07 Late Savers Guidebook09 Mind Your Finances10 Money Smart12 Young Money | Grab Todds
Cash
Credit management01 Credit Booster02 CreditSmart08 Mind Your Finances
Classroom Edition09 Mind Your Finances10 Money Smart12 Young Money | Grab Todds
Cash
Homeownership03 Freddie Mac Homebuyer
Resources05 Homeownership Basics
Online10 Money Smart11 Preparing to Buy a
HomeYour Personal Workbook
Retirement planning06 Investing for Success07 Late Savers Guidebook
OF RECOMMENDEDCURRICULA
index
The Dollar Wi$e Advisory Board warmly thanks Susan Cornell, Vice President of Countrywide, and Kelvin E. Boston, President of Boston Media, LLC, and host of the Moneywise PBS series, for participating in the expert panel that compiled this Financial Education Curriculum Matrix.
The Dollar Wi$e Financial Education
Curriculum Matrix lists comprehensive
curriculum materials that will assist cities,
their mayors, and their staffs to enhance
their local financial education efforts. These
items meet the financial education needs of
a wide variety of audiences.
The easy-to-use format allows you
to locate just the curriculum item you need
for your target group. Items in this Matrix
cover a variety of topics, including banking,
budgeting, and savings; credit management;
homeownership; and retirement planning.
How this Matrix was compiled
The curriculum items in this Matrix were
specifically chosen for their high quality
and availability. They are widely accepted
standards in the field of financial education,
produced by national organizations that
are actively engaged in increasing financial
literacy. These items are easily accessible
in print, on CD-ROM, and/or online. These
organizations offer their materials for free or
low cost to Dollar Wi$e local campaigns.
A panel of financial education
experts chosen by the Dollar Wi$e advisory
board selected the items included in this
Matrix. These experts carefully measured
each item against standards established by
the advisory board.
Additional resources
This Matrix also lists additional resources
that can enhance local financial education
efforts. These include national financial
literacy resources and clearinghouses,
among others.
This Matrix highlights items that are among the best financial education materials currently available, specifically chosen for their high quality, availability, and low cost.
PLEASE RECYCLE
The United StatesConference of Mayors
Douglas H. PalmerMayor of TrentonPresident
Manuel A. DiazMayor of MiamiVice President
Tom CochranExecutive Director
1620 Eye Street NWWashington, D.C. 20006
202.293.7330 | Fax 202.293.2353usmayors.org
Council for the New American City2007 MembersAmerican Institute of ArchitectsAmerican Management ServicesCherokee Investment Partners, LLCCountrywide Financial CorporationDuPontInitiative for a Competitive Inner CityInternational Council of Shopping CentersMortgage Bankers AssociationNational Association of Home BuildersNational Association of REALTORSNational Urban LeagueNationwide Retirement SolutionsSocial Compact
Kwame M. KilpatrickMayor of DetroitChair, Council for the New American City
Dave GattonDirector, Council for the New American City
Founding Sponsor of the Dollar Wi$e CampaignCountrywide Financial Corporation
Cosponsor of Dollar Wi$e Week 2007Citigroup
Front coverMatrixAdditional ResourcesBack cover