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