Financial Literacy Month: Complimentary Resources, Participation Options, Tips & History
On March 9, 2004 Senate Resolution 316 was passed designating April 2004 as “Financial Literacy Month.” Senator Daniel Akaka [D-HI] sponsored the bill, which resolved to raise public awareness about the importance of financial education in the United States and the serious consequences associated with a lack of understanding about personal finances.
Each year the Senate votes on this resolution; in 2013 Senator Jack Read [D-RI] sponsored the initiative. The bill states “that the President issue a proclamation calling on the federal government, States, localities, schools, nonprofit organizations, businesses, other entities, and the people of the United States to observe the month with appropriate programs and activities.”
To help other organizations fulfill the requirements of SR316, the NFEC provides complimentary personal finance resources and ideas for participating in Financial Literacy Month. We commend those organizations that are promoting financial wellness, and encourage you to expand your programs this year.
Financial Literacy Month Participation Ideas
Get the message out to your network and participate in the push to promote financial wellness.
Feel free to copy and use these Financial Literacy Month posts. Tag NFEC’s social media accounts in your messages and we will re-share with our supporters & social media friends.
Share Financial Literacy Month
It is Financial Literacy Month – How will you participate? Talk to your kids, learn more yourself? Share your plans with us. #FinLitMonth
Use #FinancialLiteracyMonth (April) as a reminder to revisit your budget, plan your finances, and address your most pressing financial challenges.
National Financial Educators Day (April 28th) is – a big thank you to those who are teaching personal finance. #FinancialEducatorsDay
April is #FinancialLiteracyMonth – Let’s continue the push to teach our kids about money at home and in school.
Financial Educators Day – Last Friday of Financial Literacy Month
The people who lead the coursework form the backbone of any Financial Literacy Month event. Instructors who lead the educational components of the classes have a direct relationship on the learners’ achievement. The NFEC’s CEO, Vince Shorb states, “Teachers are the single most important influence on student success. The qualifications of financial educators have direct impact both on short-term student outcomes and on their long-term financial well-being.”
To recognize those individuals who are working to improve the financial capabilities of people in their communities, the NFEC founded National Financial Educators Day. Financial Educators Day launched in 2014 and takes place the last Friday of April each year. To date, several hundred individuals have been mailed awards thanking them for their efforts.
Knowing the audience you want to reach helps you decide how to plan your event. Are you passionate about sharing financial literacy with kids, teens, adults, or seniors?
Step 2: Set Goals
Goal-setting should be a two-phase process. First, list what you want your event to accomplish. Are you trying to help students understand credit or budgeting, or do you want them to leave with a complete financial education on all relevant topics? Second, create a plan to measure how well you’ve reached your goals. To measure your event’s success, use the surveys pre- and post-tests provided complimentary through the Financial Literacy Testing & Survey Center.
National Financial Educators Councils financial literacy promotion with NFL star Brandon Lloyd featured on Yahoo Sports ‘Outside the Game’.
Step 4: Select Material
Consider your audience. What will appeal to them? If you have a chance, conduct an informal survey of the attendees to find out which topics will be of most interest to them. Then select the personal finance curriculum, material, games, and/or activities most closely aligned with the audience and your goals.
Step 5: Locate a Site for Your Event
A variety of community venues will allow you to host an event at low cost or free. High schools, colleges, places of worship, community centers, libraries, nonprofit centers, businesses, your home, or locations related to the financial education lessons you plan to cover are all excellent site choices.
Partners can help us spread financial literacy awareness on a wider scale, reach more youth with our message, and also can help fund the event. The best solid partnerships are built when people work together to create win-win situations.
Step 7: Promote your Event
Too often, attendance at financial education events is quite low. You want to reach as many people as possible to maximize your event’s impact. Promote your event not only to attract attendees, but to raise awareness about financial literacy among like-minded individuals and potential partners. Get the message out through friends, media, social media, and other ways to build an audience.
National Financial Educators Councils Youth Financial Education Production: Money XLive
Step 9: Event
The next step is hosting the financial literacy event. Arrive early at the venue to set up and practice. Go through your presentation and test to make sure all your equipment is working properly. Include an ice-breaking activity at the beginning to get the participants involved in the event proceedings. Be sure to conduct a pre-test prior to instruction and a post-test afterward.
During the event, maintain focus on motivating, educating, engaging, and moving your audience to take positive action. Obtain a commitment from the audience to continue pursuing financial knowledge. Incorporate activities that will give them a solid financial foundation. Keeping these pointers in mind will help ensure your event’s success.
Step 10: Follow-up Education
Within the few days following your event, send out a follow-up email to all your participants. Thank them for their participation and recap one or two of the tips you covered in your presentation. Get their permission to email them continuing education tips. This will serve as a friendly reminder to continue pursuing their financial education.
With the “Great Recession” behind us (according to some) more people are now aware of the importance to having a good understanding of practical money management skills. Share these financial skill sets with members of your community during financial literacy month.