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Financial literacy is...
"Possessing the skills and knowledge on financial matters to confidently take effective action that best fulfills an individual’s personal, family, and global community goals."
--The National Financial Educators Council
Financial Literacy Update
The Financial Literacy Update is a quarterly newsletter that includes resources, case studies, and professional development opportunities in financial literacy.
Laws and Regulations
Financial literacy is a portion of the Iowa Core 21st Century Skills.
Financial Literacy Network
The Financial Literacy Network was put together as a result of recommendations made by the Financial Literacy Work Team. This group works to expand resources, communication and professional development opportunities at the K-12 level around financial literacy in Iowa in order for all Iowans to have the capability to make wise financial decisions. Members of the team include:
- Abby Wolner, Evelyn Davis Center
- Amy Harris, Iowa Department of Revenue
- Bob Mantell, TS Institute
- Craig Goettsch, Iowa Insurance Division
- Cynthia Fletcher, Iowa State University
- Deidre DeJear, Financial Capability Network
- Ed Starkenburg, Dordt College
- Eric Goranson, Iowa Association of Christian Schools
- Greg Nichols, Iowa Student Loan
- Jackie Haley, Community Bankers of Iowa
- Jaimie Miller, Iowa Credit Union Foundation
- Jim Donoghue, Iowa Department of Education
- Lincoln Hughes, EverFi
- Lori Ristau, Iowa Bankers Association
- Lisa Stange, Iowa Department of Education
- Ryan Osborn, Junior Achievement of Central Iowa
- Steve Haveman, St. Vincent de Paul
- Toni Roof, Iowa CPAs
- Vicki Vermeer, Dordt College
Financial Literacy Resources
Adam Carroll - Adam Carroll, an Iowa native, is a nationally recognized speaker on financial literacy. His website includes several resources as well as information on his books including Winning the Money Game and The Money Savvy Student. Information is also included about his latest documentary, Broke, Busted, and Disgusted.
American Bankers Association (ABA) Financial Education - Offers several ways to get involved with financial literacy, including its Teach Children to Save program each April, Get Smart About Credit program each October, and Lights, Camera, Save! video contest.
America Saves - A campaign managed by the nonprofit Consumer Federation of America, seeks to motivate, encourage, and support low- to moderate-income households to save money, reduce debt, and build wealth.
AEA Student Personalized Learning - AEA PD Online is in the process of creating several financial literacy modules for students. To create a teach account to access these modules go to http://learning.aeak12online.org/, click on “district employees register here.” Enter the information required, click on the letter of your district, enter the district passcode (if you don’t know this contact your district administrator or firstname.lastname@example.org. To view the content, log in, click “you” at the top, click “modules” at the top, and then click on the appropriate subject. To use this with students, please contact email@example.com so that multiple students can be added at one time.
Banzai - A free online financial literacy program for teachers, which fulfills many state-mandated requirements for personal finance and financial literacy.
Council for Economic Education (CEE) - An organization focusing on the economic and financial education of students from kindergarten through high school.
Department of Revenue Student Tax Packet - Check out this Department of Revenue resource to help students learn more about filing tax returns.
Edutopia - Financial Literacy
This webpages contains resources, links and downloads for educators teaching financial literacy.
EverFi - A financial education resource that offers programs Iowa banks can co-brand in local schools, including Vault for grades 4-6, EverFi- Financial Literacy for grades 9-12.
Everyone Can Save - An online resource available from the United Way of Central Iowa, designed to encourage Iowans to save money and build financial stability.
Federal Reserve Bank of St. Louis - Free classroom resources for K-16 educators to use to teach about money and banking, economics, personal finance and the Federal Reserve.
Financial Capability Network (FCN) - Provides low to moderate income individuals and families a pathway of financial literacy and financial inclusion that leads to financial stability. Implementation of the program expands participants' knowledge and develops the skills necessary to help them understand their financial situation in addition to motivating them to take action.
Financial Literacy Modules - AEA PD Online has created a series of online modules dedicated to growing teacher knowledge around financial literacy issues. They have created modules around an introduction to financial literacy, banking, savings, and payment types. Teachers can use their normal AEA login in order to access these modules. If teachers take all of the modules they can sign up to receive license renewal credit.
Hands on Banking - Online financial courses include free instructor guides with classroom lessons and activities that will help you guide students through real-life scenarios, group discussions, and other activities designed to teach valuable money management skills and help them take control of their finances.
Iowa College Access Network (ICAN) - An organization dedicated to helping high school students and their parents learn about saving for college, and offers opportunities to sponsor financial planning guides, resources and meetings.
Iowa Jump$tart Coalition - A coalition of organizations that promote financial literacy in Iowa. It offers options to sponsor a Personal Financial Literacy Conference each July and Money Smart Week activities each April.
Iowa Student Loan - Offers a variety of tools and resources to help students prepare for the cost of college, including ROCI, an online tutorial that allows students to compare various types of jobs and their associated starting salaries, and the Student Loan Game Plan, to help students learn how to manage college expenses.
Junior Achievement In Iowa - Junior Achievement inspires and prepares students to succeed in the global economy through volunteer-delivered, experiential programs steeped in financial literacy, employability, and entrepreneurship skills. In Iowa, Junior Achievement is part of the world's largest organization dedicated to giving young people the knowledge and skills they need to own their economic success, plan for their future, and make smart academic and economic choices. Our financial literacy, work readiness and entrepreneurship programs empower students to make a connection between what they learn in school and how it can be applied in the real world.
Money Geek - Money Geek includes several tips in various areas of financial literacy. There are also detailed instructions for multiple ways of creating and using a budget.
Money Smart: A Financial Education Program - The Federal Deposit Insurance Corporation (FDIC) provides financial education curriculum and resources free of charge for consumers or small businesses.
Money Smart Week - A public awareness campaign designed to help consumers better manage their personal finances.
My Money - This U.S. government website provides training resources for teaching the basics about financial education, from balancing a checkbook to investing in a 401(k).
My Money.Gov - This site describes five principles related to money: earn, save, invest, spend, protect and borrow. Checklists, calculators, and other financial worksheets are included on the site.
National Endowment for Financial Education (NEFE) - A private, nonprofit national foundation providing youth and adult financial education resources, training tools and research.
Next Gen Personal Finance - This site connects educators with a multitude of free and high quality financial literacy resources. There are lesson plans, video clips, case studies, a semester-long sample course and more.
OppU - This website includes links to several free online courses on money management.
Stock Market Game - An online simulation of the global capital markets that engages students grades 4-12 in the world of economics, investing and personal finance, and prepares them for financially independent futures.
Take Charge Today - A program and curriculum with a decision-based approach to personal finance.
TS Institute - A foundation committed to creating a stronger, more financially, savvy future generation through a K-12 financial literacy program.