Securing your (and your students’) financial future
understand that saving is important to one’s financial
future and to the U.S. economy. But knowing where and how
to save and invest money can be confusing given all the choices
available in the marketplace. With a little help from the
Federal Reserve, teaching personal finance topics related
to money management can be easy and fun.
The Federal Reserve has a variety of free materials designed to help people better understand and teach money management. Among the publications that might be useful to individuals or a classroom are:
Laying tomorrow’s foundation today
Learning and teaching about saving, investing, and building
wealth are important because they are key to financial independence.
Helping students to better understand the impact of their
spending and saving decisions transforms them into educated
consumers. According to the National Endowment for Financial
Education 2003–04 Impact Evaluation, as little as 10 hours
of personal financial education positively affects students’
spending and savings habits.
A timely topic
April is Youth Financial Literacy Month, and “Teach Children
to Save Day” is April 25, 2006. This day presents an
excellent opportunity to incorporate personal finance topics
into classroom activities. Check out the “The Savings
Search” activities that accompany this article, and start
now to secure students’ financial future.
By Jackie Morgan, economic and financial education representative, Nashville Branch