Category Archives: Financial Literacy

Teach Children to Save adds lesson plans and additional curriculum

TeachChildrenSaveLogoABA has released new modules to supplement its Teach Children to Save curriculum that are designed to inspire young students to pursue careers in banking. The three “Bankers and You” teaching modules target different grade levels with age-appropriate lessons that highlight how banks help the community, what it takes to be a banker and potential careers in the banking industry.

“America’s banks employ more than 2 million people with various backgrounds, skill sets and job functions,” said Corey Carlisle, the Foundation’s executive director. “These modules will introduce the next generation to the many ways banks support their communities and the breadth of career paths they offer.”

These new resources supplement ABA’s Teach Children to Save program, a national campaign that encourages banker volunteers to present savings lessons to schools or youth groups in their local communities. Now in its 20th year, the program has helped more than 245,000 bankers bring financial literacy lessons to more than 8.2 million students. Teach Children to Save Day will be observed on April 28, but bankers can hold their lessons throughout the year.

A free informational webinar on the new “Bankers and You” modules will be held on April 7 at 1 p.m. CDT. Bankers can also learn more about Teach Children to Save, ask questions and share best practices by participating in a live Twitter chat today at 1 p.m. CDT using the hashtag #TeachChildrentoSave.   Register for the webinar.  Learn more about Teach Children to Save.

Money Smart Small Businesses

moneysmartThe Federal Deposit Insurance Corporation (FDIC) and the U.S. Small Business Administration (SBA) have released enhancements to Money Smart for Small Business, a resource that provides practical guidance for starting and managing a small business.

Money Smart for Small Business, a free curriculum available on the FDIC website, was jointly developed by the FDIC and SBA in 2012. Three new modules have been added, focusing on managing cash flow, planning for a healthy business and helping learners to determine if owning a business is a good fit. The curriculum, which now includes 13 modules, is available for download in both English and Spanish. In addition, a Train-the-Trainer curriculum was created to help organizations train instructors to deliver the modules. Training modules can be taught in any order or independently and typically run 60–90 minutes. Each module, and the Train-the-Trainer curriculum, includes a fully scripted instructor guide, participant workbook and PowerPoint slides that can be edited to meet the needs of any audience. These features and flexibility make Money Smart for Small Business a valuable resource for entrepreneurs.

Review FDIC Money Small Businesses here.

Review SBA Money Small Businesses here.

FDIC Newsletter Offers Tips for ‘Money Smart’ Users

moneysmartThe latest issue of the FDIC’s Money Smart News publication provides tips and information for bankers who use the FDIC’s Money Smart curriculum for financial education. Updates include enhancements to Money Smart for small businesses, how to join the Money Smart Alliance, consumer tips on cybersecurity and more. Read Money Smart News.

ABA Offers Tips for Avoiding Ransomware

ABA released anCyberSecurity infographic to help consumers understand, identify and protect themselves from ransomware — a type of malicious software that freezes computers and mobile devices until a sum of money is paid. The FBI estimates that more than $1 billion will be lost from ransomware attacks in 2016 alone.

To combat the threat of ransomware, consumers are encouraged to use caution when opening emails or attachments they don’t recognize, back up their files, use popup blockers to avert unwanted ads and malware and keep operating systems security software up to date. Businesses should also take proactive steps against ransomware by educating employees, managing the use of privileged accounts, having a data backup and recovery plan for all critical information and alerting law enforcement when faced with a possible attack. View the infographic. Learn more about ransomware.

FDIC Money Smart Program Updates

moneysmartThe Federal Deposit Insurance Corporation (FDIC) has announced two new resources tailored to meet the financial education needs of individuals with visual disabilities. The FDIC’s 11-module instructor-led Money Smart curriculum for adults is available in Braille and Large Print. Its format permits an instructor to use the printed version of the Instructor Guide, while the students can follow along with either the Large Print or

The Money Smart curriculum can be easily reproduced and has no copyright restrictions. Click here for more information or to order.

FTC Video: Avoiding Money Wiring Scams

moneyThe Federal Trade Commission (FTC) has released a video to educate consumers about the dangers of money wire scams. In the brief video, various scenarios are presented to illustrate how scammers try to convince consumers to wire money, including: lottery/advance fee scams, rental scams and the grandparent scam. Financial institutions are encouraged to use the video for consumer educational events or share information related to the video with consumers. Read more and access the video here.

New American Red Cross Financial Planning Guide

redcrossThe American Red Cross and the American Institute of CPAs developed Disasters and Financial Planning, a comprehensive guide to assist and encourage people to be more proactive with their financial preparedness in advance of disasters.

This guide addresses the importance of advance preparation and includes checklists with steps consumers can take to protect their property and considerations for estate planning, choosing proper health and life insurance, protecting important financial documents, recovering from a disaster, and more. Download the guide.