Getting Money Smart
Would you like to save money, improve your financial outlook, or buy a home? The more you know about budgeting, banking services, credit, and managing your money, the more likely you are to achieve your financial goals through financial education.
The Federal Deposit Insurance Corporation (FDIC) recognizes the importance of financial education, particularly for people with little or no banking experience. That's why they created
Money Smart, a training program to help adults outside the financial mainstream enhance their money skills and create positive banking relationships.
The Money Smart curriculum helps individuals build financial knowledge, develop financial confidence, and use banking services effectively.
The Money Smart program may be used by organizations interested in sponsoring financial education workshops in the community and/or in schools.
Money Smart is available in two versions: an instructor-led version and a computer-based instruction (CBI) version. Both versions consist of the same 10 modules:
Bank on It - an introduction to bank services
Borrowing Basics - an introduction to credit
Check It Out - how to choose and keep a checking account
Money Matters - how to keep track of your money
Pay Yourself First - why you should save, save, save
Keep It Safe - your rights as a consumer
To Your Credit - how your credit history will affect your credit future
Charge It Right - how to make a credit card work for you
Loan To Own - know what you
Your Own Home - what home ownership is all about
The instructor-led version of Money Smart is for those who plan to teach financial education to others in English, Spanish, Chinese, Korean, Vietnamese, or Russian. A version for the visually impaired is also available.
Each of the 10 modules is structured in an identical manner and includes the following:
- A comprehensive, fully scripted guide for instructors. The guide includes everything necessary to start teaching the program, including easy to follow cues, script, and interactive class exercises.
- Overheads, in Word and PowerPoint format.
- Take-home guide for participants.
Each module takes between 1-2 hours of classroom time to teach. The modules may be taught in any order or combination.
The CBI version enables individuals to complete Money Smart at their own pace on a computer in English or Spanish. The CBI is available online or can be ordered on CD-ROM.
The FDIC provides the Money Smart curriculum to interested parties free of charge. A limited number of copies are available to each party; however, the materials are easily reproduced and have no copyright restrictions.
FDIC staff is available to provide technical assistance and to help facilitate partnerships among interested parties. Training can be provided free of charge for groups of 10 or more.
For more information, to complete the modules online or to bring Money Smart training to your community, please visit http://www.fdic.gov/consumers/consumer/moneysmart/trainthetrainer.html