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.
Want to know more about how this employment strategy can be incorporated into your work? Check out these resources:
Featured Training
Watch webcasts to gain valuable information that will help improve employment outcomes and quality of employment for people you serve.
- Financial Empowerment
- Supporting Beneficiaries to Take the Next Step Toward Employment
- Supplemental Security Income (SSI) and Work
- National Work & Benefits, Daniel Fortuno
National Disability Institute Financial Capability Series
- Module 1: An Introduction to Financial Wellness
- Module 2: Setting Financial Goals
- Module 3: Choosing and Accessing Financial Products
- Module 4: Savings and ABLE (Achieving Better Life Experience) Accounts
- Module 5: The Importance of Good Credit
- Module 6: Using Work Incentives to Meet Financial Goals – Part 1
- Module 7: Using Work Incentives to Meet Financial Goals – Part 2
- Module 8: Protecting Your Identity
Selected Tools and Resources
These tools and resources offer information to support your practice.
- New Hampshire Financial Literacy Training: “Your Money, Your Goals (PowerPoint)”
- Work Incentive Planning Services
- Choosing A Bank Worksheet
- Counselor Checklist
- Able Special Needs Pooled Trust Comparison Handout
- Able Supplemental Guide Handout
- Financial Fitness Score Handout
- Menu Planning Shopping Handout
- Needs VS Wants Handout
- Rate Your Financial Behavior Handout
- Spending Diary Handout
- Star Goal Setting Worksheet
- How Does Working Affect Benefits
- Spending Plan Budget Worksheet
- SSA Work Incentive Cheat Sheet
Best Practices/Research
Project E3’s research summaries provide an “At-a-Glance” overview the latest research findings, as well as recommendations for best practices and how to incorporate them in your work.
Strategy Use in Targeted Communities
Several Project E3 Communities used this strategy to improve employment outcomes for their most underserved populations. They include: