Financial Literacy and Personal Finance

Published: 3/21/2014 10:55 AM

The Kentucky Department of Education has created this web page to provide resources to all schools in Kentucky concerning financial literacy and personal finance. Financial literacy is incorporated in the Practical Living/Vocational Studies program, beginning at the primary level and continuing all the way through high school. It is also important to make connections between financial literacy and the economics subdomain of the social studies standards where possible and appropriate.

 

Please click on the following links for more information and resources available from each website.
CARE Program
CARE is a free financial literacy program which makes bankruptcy professionals available to educators, students and the public to illuminate the dangers of credit abuse. CARE has a presence in all 50 states and the District of Columbia.

The Kentucky Council on Economic Education
– The Kentucky Council on Economic Education provides resources, training and professional development for teachers around the areas of financial and economic literacy.
The Jump$tart Coalition for Personal Financial Literacy – Jump$tart is a national coalition of organizations dedicated to improving the financial literacy of kindergarten through college-age youth by providing advocacy, research, standards and educational resources. Jump$tart strives to prepare youth for life-long successful financial decision-making.
Kentucky Jump$tart – The Kentucky Jump$tart Coalition believes that all Kentuckians need to have the financial literacy necessary to make informed financial decisions and seeks to improve money management skills throughout the lifecycle of Kentuckians.
The National Council on Economic Education – The National Council on Economic Education (NCEE) is a nationwide network that leads in promoting economic literacy with students and their teachers. NCEE's mission is to help students develop the real-life skills they need to succeed: to be able to think and choose responsibly as consumers, savers, investors, citizens, members of the workforce, and effective participants in a global economy.
Federal Reserve Education – Here you can find links to instructional materials and tools that can increase your understanding of the Federal Reserve, economics and financial education. All of the Fed web sites, curriculum, newsletters, booklets and other resources are free.
The Federal Reserve Bank of St. Louis—Resource Guide Plus – The Federal Reserve (St. Louis) maintains this website with a list of financial literacy resources available.
MarkED Career Paths – Kentucky is a member state of the Mark-Ed Consortium and resources can be purchased at the member price. A variety of economic, entrepreneurship and financial literacy resources are available.
The U.S. Treasury Financial Literacy and Education Commission – The Financial Literacy and Education Commission was established to improve financial literacy and education of persons in the United States.
360 Degrees of Financial Literacy – In May 2004, the CPA profession launched a unified financial literacy initiative: 360 Degrees of Financial Literacy. The effort brought together the AICPA, the state CPA societies and individual CPAs to address a growing public issue: financial illiteracy. The initiative sends the message that financial education should be a lifelong endeavor—from encouraging children to save their allowances to helping adults plan for a secure retirement.
It All Adds Up – This is a site for students who, “…want to get a head start on their financial future.” Students can play online games and simulations to learn about credit management, buying a car, paying for college, budgeting, saving and investing.
The Mint – Launched in 1997, the site provides tools to help parents as well as educators teach children to manage money wisely and develop good financial habits: the building blocks for a secure future.
Econocast - Econocast is a "clearinghouse" for diverse approaches to podcasting in the economics classroom. The site provides examples of innovative economics-oriented podcasts, a production process guide to assist with the recording and editing process, and a means to host and share teacher or student generated podcasts. Economics teachers are able to request a free account and generate their own homepages that may include one or more podcasts. Users are able to configure and manage their accounts completely online with little technical skills required. By providing these supports, educators can create podcasts and focus on what they do best - engage their students in meaningful, substantive and hands-on learning.
Jennifer Fraker
Office of Next-Generation Learners
Division of Program Standards
500 Mero Street, 18th Floor CPT
Frankfort, KY 40601
(502) 564-2106
Fax (502) 564-9848