Financial Literacy Training gives people the chance to develop skills and knowledge about personal money management. It also helps people develop a plan for their financial future.
Why is it Needed?
Financial Literacy Training increases the likelihood that people with low or moderate incomes will be able to buy a home or start a business. It teaches a basic understanding of banking, savings, and the importance of good credit.
How Does it Work?
Learning about money management helps people reach their financial goals. Workshops, events, online courses, and seminars offer a variety of trainings about money management habits.
Tips for Success
Financial Literacy events should match the audience. For example, consider the interests of the group and plan lessons accordingly to keep them engaged. Provide follow-up materials so that the group can continue to learn about financial literacy.
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Strategy Use in Targeted Communities
Best Practices / Research
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