Financial Literacy Training for Secondary Teachers

Financial Literacy Trainingfor Secondary Teachers

National Institute for

Financial and Economic Literacy (NIFEL)

William E. Wilcox, MCEPresident, CBM Credit Education Foundation

October 21, 2013

What is NIFEL?

NIFEL IS:3 distinct sessions

Each session includes a pre-test and post-test

Work in groups on projects and make presentations

Homework, computer lab, reading and quizzes

Most importantly course instruction is by “Industry Presenters”

HISTORYAs of August 2013

800+ Educators trained600+ Wisconsin high school teachers trained

2012-13 SCHOOL YEAR

459 NIFEL-trained Wisconsin teachers X 79 students

=36,261 students engaged in financial literacy

TOPICS

MONEY & CREDIT

• Types of Credit (costs, fees, terms, etc.)• Credit Reports & Credit Scores• Collection Issues – Debt Repayment• Money Management – Wise Use of Credit• Money, Inflation, Monetary Policy• Programs – LifeSmarts, MoneySkill, Fool Proof

TOPICS

INSURANCE & INVESTING

• Types of Investing (Stocks, Bonds, Mutual Funds, Etc.)• Investor Education & Protection• Investment Planning (Risk vs. Reward)• Personal Risk Management• Types of Insurance (Life, Health, Home, Auto, Etc.)• Tips on Buying Insurance

TOPICS

PAYCHECKS, FINANCIAL CONTRACTS & ENTREPRENEURSHIP

• Taxes, Social Security, Employee Benefits• Home Buying Process (Mortgage Contracts, Etc.)• Automobile Purchasing (Lease vs. Finance)• Cell Phone & Rental Contracts• Role of Entrepreneurship Throughout History• Panel of Entrepreneurs & Field Trip

COST TO ATTEND in 2013

Registration Fee $300…..includes room, board and all materials (per session)

3 Graduate Credits $450…..granted by Edgewood College (per session)

Many attendees’ registration fees have been covered by local credit unions or school districts…some credit unions have covered the entire $750 cost

Additional InformationRegistration

www.edgewood.edu/NIFEL