FDIC offers free financial education tools for National Financial Capability Month

FDIC-Color-LogoThe Federal Deposit Insurance Corporation (FDIC) marked National Financial Capability Month this April by highlighting educational opportunities for both adults and young people to build their financial knowledge and skills to achieve brighter financial futures.

The FDIC’s Money Smart program includes a comprehensive financial education curriculum designed to help low- and moderate-income individuals outside the financial mainstream enhance their financial skills. The curriculum is free, available online, and includes a variety of targeted materials for children, adults, older adults, and small business owners.

The Money Smart program has reached more than 3 million consumers since 2001. Research shows that the curriculum can positively influence how consumers manage their finances, and these changes are sustainable in the months after the training.

“The Money Smart program was launched 15 years ago to help people gain a better understanding of day-to-day expenses, save for important goals, and manage their credit,” FDIC Chairman Martin J. Gruenberg said. “Money Smart offers a wide variety of valuable tools to help consumers enhance their understanding of how to better manage their money and build for the future.”

This month, two webinars will overview FDIC educational resources:

  • FDIC Resources Available in Spanish (conducted in Spanish), Tuesday, April 12, 2016 from 3:00 pm – 4:30 pm. To register, visit Money Smart (Spanish) or Conferences & Events (English)
  • Money Smart Product Family and Implementation Examples (conducted in English), Wednesday, April 20, 2016 from 1:00 pm – 3:30 pm. To register, visit Money Smart (English)

To learn more about FDIC’s free financial education resources, start at www.fdic.gov/education.

April 13, 2016 at 11:32 am

Governor signs proclamations for financial literacy

MSWProclamationSigningSMOn March 24 Governor Terry Branstad signed two proclamations promoting financial literacy awareness in Iowa, and members of the Iowa Jump$tart Coalition attended the signing ceremony. One proclamation declared April 23-30 Money Smart Week in Iowa. Another proclamation declared the month of April as Financial Literacy Awareness Month in Iowa. Click here to view the Financial Literacy Awareness Month proclamation.

Looking for ways to get involved in financial literacy during Financial Literacy Month or during Money Smart Week? Be sure to review the Iowa Jump$tart website for the latest updates on financial literacy activities. Also visit the Money Smart Week website for more information about Money Smart Week.

March 24, 2016 at 4:40 pm

Member Spotlight: EverFi

EverFi LogoWe would like to recognize EverFi in our current Member Spotlight. EverFi provides educators with engaging, online learning resources in topics such as financial education, digital literacy, STEM readiness, coding and entrepreneurship. EverFi partners with government entities, professional sports leagues, financial institutions and forward-thinking foundations to help bring the courses to schools at no cost. Over 400 schools and 20,000 students have participated in an EverFi course this year mostly through the Iowa Financial Literacy Program.

This member of the Iowa Jump$tart coalition is represented by Lincoln Hughes. Lincoln is Everfi’s Senior School Manager with his office here in Des Moines. Lincoln earned his Master of Education from the University of Missouri-St. Louis in 2012 graduating Magna Cum Laude. His BA is in economics and political science from Hamline University in St. Paul. In addition to graduating with honors, Lincoln was a standout on the Piper baseball team and took part in campus government.

Lincoln recently married Kayla. They are active members of the Plymouth Church in Des Moines. He is an avid cross-fit athlete and enjoys Yoga. Lincoln and Kayla are heading off on a vacation next week to meander through the Southern United States.

March 17, 2016 at 2:51 pm

Iowa Finance Challenge available for middle and high school students

iowa_regions_mapThe Iowa Finance Challenge is a FREE online financial literacy program available for middle and high school students. This online competition includes 30 questions for students to test their knowledge on income and money management, spending and credit, and savings and investing.

How the Competition Works:

Online Competition from March 28 through April 13

Teams of 3-4 (all members will test individually)

Teams compete from one of four regions in Iowa for regional awards; one overall highest scoring team will be recognized as the state champion

Click here to learn more.

March 15, 2016 at 2:44 pm

Help families save for college and win $529 for your school

529logoIf you are an elementary teacher or principal, you play a vital role in helping  young children grow – and now you can help their families grow their college savings. This spring, the State Treasurer’s Office is offering  a new 529 college savings tutorial, College Savings Iowa InFocus. This short, interactive learning experience allows parents, grandparents and others to explore the numerous benefits of using a 529 plan to start saving for a loved one’s future.

Each person who completes the 10-minute tutorial will be registered to win a $1,000 College Savings Iowa account for a loved one. For helping spread the word, two participating elementary schools across Iowa will be selected to win $529 for their school. In order to enter the school giveaway, simply request that your families include your school name and city upon their registration for the tutorial.*

This opportunity will be open to elementary schools across the state starting on April 1, during Financial Literacy Month, and wrapping on May 31, in celebration of 529 Day.

For more information about the program and to request materials, please sign up at IowaTreasurer.gov no later than Tuesday, March 15. Please email Amanda Shetler (Amanda.Shetler@iowa.gov) with any questions.**

For more information about College Savings Iowa, visit CollegeSavingsIowa.com.

*At least five parents/guardians of a school must properly register for and complete the tutorial in order for that school to be considered eligible for the random drawing.

**School information will not be shared with third party organizations.

For more information about the College Savings Iowa 529 Plan, call 888-672-9116 or visit collegesavingsiowa.com to obtain a Program Description. Investment objectives, risks, charges, expenses, and other important information are included in the Program Description; read and consider it carefully before investing.

March 10, 2016 at 12:49 pm

Department of Revenue releases 2015 Iowa Income Tax Practice Packet for Students

Taxes 1The Iowa Department of Revenue is pleased to work with Jump$tart Iowa to promote financial literacy education.  That education should include basic knowledge about how to complete a tax return.  To assist with the development of that knowledge, the Department has created a student packet with examples, exercises, and instructions for teachers to expose students to the basics of completing an Iowa 1040 Individual Income tax return.  The Department encourages the usage of this packet and welcomes any questions you may have about the information presented.  Please contact idr@iowa.gov.

Download: 2015 Student Iowa Income Tax Practice Packet

Please take time to fill in the Tax Packet Evaluation to help us know where we can improve on this tool.

February 15, 2016 at 11:38 am

Enter Your School in Project Financial Literacy for the Chance to Win a $1,000 Scholarship to Help Students

project_fl-logoEnter your school into Project Financial Literacy by March 15 – and you’ll also be eligible for the chance to win one of ten $1,000 scholarships to help your school and students. Scholarships are sponsored by the Iowa Bankers Association and are available to help Iowa schools improve their financial literacy programs or provide scholarships to students.

Providing students with basic financial literacy skills helps to equip them for future success. Project Financial Literacy is designed to promote financial literacy education by providing high schools with an assessment tool, developed by Iowa-based Ednalysis, to help evaluate their financial literacy curriculum. The assessment tool is provided to schools free of charge thanks to the support of local sponsors, including Iowa banks. Upon taking the assessment, teachers and administrators who wish to address areas of improvement identified in the assessment may also utilize staff and resources available from TS Institute.

In addition, schools signed up for the project by March 15 will be eligible for random, regional drawings for one of ten $1,000 scholarships sponsored by the Iowa Bankers Association to improve financial literacy programs or help students. Scholarship award recipients will be announced in early April 2015.

Sign up your school today at www.projectfl.org.

January 19, 2016 at 9:10 am

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