Archive for the Financial Intelligence Category
I had occasion to attend the web cast of the Financial Literacy & Education Summit 2010 that occurred on Monday, April 19th. The Summit, in its fourth year, is a collaboration between Visa and the Federal Reserve Bank of Chicago. The Summit’s purpose is to raise the awareness of the need for better financial literacy education and propose new solutions. The Summit marks the kick-off of the Chicago Fed’s annual Money Smart Week (April 17-24) to coincide with April being Financial Literacy Month.
While at the Summit keynote speaker Duncan Niederauer, CEO of NYSE Euronext announced the launch of NYSEMoneySense.com, “a credible resource for basic financial education to help people better understand and manage their personal finances.” This resource is aimed at employees of corporations where employees feel they need more information. It includes a 5-part education program. Let your CFO and HR people know about this resource.
NYSE MoneySense.com also includes the Ultimate Web Guide where many financial literacy resources have been aggregated under one of five categories: earn, spend, save, borrow, and protect making it easier for people to find information on the web. Check it out and let us know what you think!
A poll was recently conducted by themint.org asking teens to choose who had the biggest influence on the way that they saved or spent money. In a landslide, seven out of ten kids aged 17 and younger said “parents” swayed their actions the most, outpacing “friends” (16%), “TV, magazines, books, radio or celebrities” (14%), and “teachers” (1%).
To learn how teens graded their parents as role models for spending and saving read the rest of the survey results at themint.org.
In 1997 the Northwestern Mutual Foundation, the charitable arm of Northwestern Mutual, partnered with the National Council on Economic Education (NCEE) in the development of themint.org. 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.
April is financial literacy month, a good time to start or reinforce good habits around money. Add themint.org to your list of resources and see other useful links on this site.
Tomorrow marks the start of Financial Literacy month. Here are more resources to help you and your children be more financially literate:
- Ten Tips to Teach Youth About Money
- Top Ten Products & Events
- The 15 Money Rules Kids Should Learn
- Too Young to Fail? Teaching Kids About Money
And for the adults:
- Creating Wealth from the Inside Out Audio Program. In this program, you will learn easy, practical tools and techniques for examining and changing your money mindset to support wealth creation in your life.
