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Financial literacy is...
"Possessing the skills and knowledge on financial matters to confidently take effective action that best fulfills an individual’s personal, family, and global community goals."
–The National Financial Educators Council
Financial Literacy Guidance
The Iowa Department of Education issued the following financial literacy guidance subsequent to Governor Reynold's signing SF2415 into law.
Laws and Regulations
Financial literacy is a portion of the Iowa Core 21st Century Skills.
Financial Literacy Network
The Financial Literacy Network was put together as a result of recommendations made by the Financial Literacy Work Team. This group works to expand resources, communication and professional development opportunities at the K–12 level around financial literacy in Iowa in order for all Iowans to have the capability to make wise financial decisions. Stefanie Wager, Financial Literacy Consultant at the Iowa Department of Education facilitates the group. Members of the team include:
- Abby Wolner, Evelyn Davis Center
- Amy Harrris, Iowa Department of Revenue
- Craig Goettsch, Iowa Insurance Division
- Cynthia Fletcher, Iowa State University
- Diana Bravo, EverFi
- Eric Goranson, Goranson Consulting
- Greg Nichols, Iowa Student Loan
- Jackie Haley, Community Bankers of Iowa
- Jaimie Miller, Iowa Credit Union Foundation
- Jim Donoghue, Iowa Department of Education
- Katie Averill, Iowa Division of Credit Unions
- Kelly Parriott, Teacher, Dowling Catholic High School
- Kyle Osborne, TS Institute
- Lisa Stange, Iowa Department of Education
- Mike Johnson, AO Wealth Advisory
- Ryan Osborn, Junior Achievement of Central Iowa
- Tara Deering-Hansen, Iowa Bankers
- Toni Roof, Iowa CPAs
- Vicki Vermeer, Dordt University
Financial Literacy Resources
Adam Carroll – Adam Carroll, an Iowa native, is a nationally recognized speaker on financial literacy. His website includes several resources as well as information on his books, including Winning the Money Game and The Money Savvy Student. Information is also included about his latest documentary, Broke, Busted, and Disgusted.
American Bankers Association (ABA) Financial Education Programs – Offers several ways to get involved with financial literacy, including its Teach Children to Save program each April; Get Smart About Credit program each October; and Lights, Camera, Save! video contest.
America Saves – A campaign managed by the nonprofit Consumer Federation of America, this campaign seeks to motivate, encourage, and support low- to moderate-income households to save money, reduce debt, and build wealth.
AEA Student Personalized Learning – AEA PD Online is in the process of creating several financial literacy modules for students. To create a teach account to access these modules, go to http://learning.aeak12online.org/, click on “district employees register here.” Enter the information required, click on the letter of your district, enter the district passcode (if you don’t know this contact your district administrator or firstname.lastname@example.org). To view the content, log in, click “you” at the top, click “modules” at the top, and then click on the appropriate subject. To use this with students, please contact email@example.com so that multiple students can be added at one time.
Banzai – A free online financial literacy program for teachers, which fulfills many state-mandated requirements for personal finance and financial literacy.
Council for Economic Education (CEE) – An organization focusing on the economic and financial education of students from kindergarten through high school.
Department of Revenue Student Tax Packet – Check out this Department of Revenue resource to help students learn more about filing tax returns.
Dordt University Center for Economic Education – Affiliated with a nationwide network of university-based Centers for Economic Education, this organization has various programs for teachers and students to help further their Economic and Financial Literacy Education.
Edutopia - Financial Literacy – Contains resources, links, and downloads for educators teaching financial literacy.
EVERFI – Supports schools and families across Iowa with interactive, online financial literacy resources for elementary through high school students. Check out EVERFI’s remote learning resources for educators and families.
Federal Reserve Bank of St. Louis – Free classroom resources for K–16 educators to use to teach about money and banking, economics, personal finance, and the Federal Reserve.
Financial Literacy Modules – AEA PD Online has created a series of online modules dedicated to growing teacher knowledge around financial literacy issues. They have created modules around an introduction to financial literacy, banking, savings, and payment types. Teachers can use their normal AEA login in order to access these modules. If teachers complete every module, they can sign up to receive license renewal credit.
Foolproof Education – Foolproof gives middle school and high school students a unique and ethically-driven financial literacy and consumer life skills curriculum. We teach students the power of healthy skepticism and how to identify and neutralize misinformation. Our curriculum is module based, is all online and digital. All modules have self grading pre and post test. FoolProof is free of charge.
Hands on Banking – Online financial courses include free instructor guides with classroom lessons and activities that will help you guide students through real-life scenarios, group discussions and other activities designed to teach valuable money management skills and help them take control of their finances.
Iowa College Access Network (ICAN) – An organization dedicated to helping high school students and their parents learn about saving for college and offering opportunities to sponsor financial planning guides, resources, and meetings.
Iowa Jump$tart Coalition – A coalition of organizations that promote financial literacy in Iowa. It offers options to sponsor a Personal Financial Literacy Conference each July and Money Smart Week activities each April.
Iowa State Extension Financial Literacy Lesson Plans – These lesson plans are targeted to K–5 teachers and aligned to Iowa's financial literacy standards.
Iowa Student Loan – Offers a variety of tools and resources to help students prepare for the cost of college, including ROCI, an online tutorial that allows students to compare various types of jobs and their associated starting salaries, and the Student Loan Game Plan to help students learn how to manage college expenses.
Junior Achievement In Iowa – Junior Achievement inspires and prepares students to succeed in the global economy through volunteer-delivered, experiential programs steeped in financial literacy, employability, and entrepreneurship skills. In Iowa, Junior Achievement is part of the world's largest organization dedicated to giving young people the knowledge and skills they need to own their economic success, plan for their future, and make smart academic and economic choices. Our financial literacy, work readiness, and entrepreneurship programs empower students to make a connection between what they learn in school and how it can be applied in the real world.
Money Smart: A Financial Education Program – The Federal Deposit Insurance Corporation (FDIC) provides financial education curriculum and resources free of charge for consumers or small businesses.
Money Smart Week – A public awareness campaign designed to help consumers better manage their personal finances.
My Money – This U.S. government website provides training resources for teaching the basics about financial education, from balancing a checkbook to investing in a 401(k).
My Money.Gov – This site describes five principles related to money: earn, save, invest, spend, protect, and borrow. Checklists, calculators, and other financial worksheets are included on the site.
National Endowment for Financial Education (NEFE) – A private, nonprofit national foundation providing youth and adult financial education resources, training tools, and research.
Next Gen Personal Finance – This site connects educators with a multitude of free and high quality financial literacy resources. There are lesson plans, video clips, case studies, a semester-long sample course, and more.
OppU – This website includes links to several free online courses on money management.
Stock Market Game – An online simulation of the global capital markets that engages students Grades 4–12 in the world of economics, investing and personal finance, and prepares them for financially independent futures.
Take Charge Today – A program and curriculum with a decision-based approach to personal finance.
TS Institute – A foundation committed to creating a stronger, more financially savvy future generation through a K–12 financial literacy program.