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financial education curriculum matrix
building strong foundationsFounding Sponsor
THE UNITED STATES CONFERENCE OF MAYORSCOUNCIL FOR THE NEW
AMERICAN CITY
2007_08
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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, [email protected].
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
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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
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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
