What is the government website for financial literacy?

Consumer.ftc.gov This Federal Trade Commission website offers consumer information, including videos, a blog, and streamlined articles that highlight actionable, practical tips on a wide range of consumer topics.

What is the financial literacy and consumer protection role of the Fed?

The Federal Reserve advances supervision, community reinvestment, and research to increase understanding of the impacts of financial services policies and practices on consumers and communities .

What are the financial activities?

They are activities that involve the inflow or outflow of money. Examples include buying and selling products (or assets), issuing stocks, initiating loans, and maintaining accounts . When a company sells shares and makes debt repayments, it is engaging in financial activities.

What are literacy activities?

Literacy development is a vital part of children's overall development. Activities like talking, singing, reading, storytelling, drawing and writing help to develop literacy. For babies and younger children, try nursery rhymes, sound games, 'I spy', and books with rhyme, rhythm and repetition.

What are the three C's in financial literacy?

Students classify those characteristics based on the three C's of credit ( capacity, character, and collateral ), assess the riskiness of lending to that individual based on these characteristics, and then decide whether or not to approve or deny the loan request.

What is the 50/20/30 rule?

Those will become part of your budget. The 50-30-20 rule recommends putting 50% of your money toward needs, 30% toward wants, and 20% toward savings . The savings category also includes money you will need to realize your future goals. Let's take a closer look at each category.

What are the four pillars of financial literacy?

Financial literacy is having a basic grasp of money matters and its four fundamental pillars: debt, budgeting, saving, and investing . It's understanding how to build wealth throughout one's life by leveraging the power of these pillars.

Does filing a complaint with the CFPB do anything?

We'll share your complaint with the company so it can review and respond to the issues you've described . If we can't send your complaint to the company for response, we'll send it to another federal agency and let you know. The CFPB takes a privacy-first approach when it comes to your personal information.

What does the Consumer Financial Protection Bureau do?

The Consumer Financial Protection Bureau is a 21st century agency that implements and enforces Federal consumer financial law and ensures that markets for consumer financial products are fair, transparent, and competitive .

What is consumer financial literacy?

Financial literacy is the ability to understand and effectively use various financial skills, including personal financial management, budgeting, and investing .

How do you demonstrate financial literacy?

The first step to demonstrate your financial literacy skills is to know the basic principles and terminology of accounting, finance, and business . You don't need to be an expert, but you should be familiar with concepts such as income, expenses, assets, liabilities, equity, cash flow, profit, and loss.

What is the financial literacy game?

Put your skills to the test as you gain financial literacy knowledge in these fun games. Financial football : A fast-paced, 3D interactive game that engages students while teaching personal finance skills. Financial soccer: Tests players' money management skills as they advance down the field and try to score.

Find financial literacy activities | Consumer Financial Protection Bureau (2024)

Find activities that can help you teach and nurture the building blocks of financial capability across the curriculum.

These classroom activities can be completed within a single class period. Each activity comes with a teacher guide and supporting student material, so it’s easy to implement whether you’re an experienced personal finance teacher, integrating financial literacy into another subject area, or supplementing your existing financial education curriculum.

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Showing 15 matches out of 136 activities

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Understanding jobs, teens, and taxes

Updated Nov 17, 2022

Ideal for: High school (9-10), High school (11-12)

Students read a handout about taxes and respond to questions to explore the relationship between working and taxes.
Key information

Topic:
Earn (Becoming an entrepreneur, Getting paid, Making money, Paying taxes)

Activity duration:
15-20 minutes
Building block
- Financial knowledge and decision-making skills
Becoming familiar with taxes

Updated Nov 17, 2022

Ideal for: High school (9-10), High school (11-12)

Students match tax types to definitions and then apply their knowledge to tax scenarios.
Key information

Topic:
Earn (Becoming an entrepreneur, Paying taxes)

Activity duration:
45-60 minutes
Building block
- Financial knowledge and decision-making skills
See Also
How To Keep Money Problems From Destroying Your Relationship Personal Finance for Entrepreneurs - cassieschmidt.com 7 Secrets Smart Professionals Use to Choose Financial Advisors 12 Signs You're A Future Millionaire And 5 That You Need Financial Advice
Exploring entrepreneurship

Updated Sep 22, 2022

Ideal for: Elementary school (4-5), Middle school (6-8)

Students read a book about starting a business, think of an idea for a product they can create or improve, and design a plan for selling it.
Key information

Topic:
Earn (Becoming an entrepreneur, Learning about careers, Making money)

Activity duration:
75-90 minutes
Building block
- Executive function
- Financial habits and norms
Drawing your own business comic strip

Updated Sep 22, 2022

Ideal for: Elementary school (4-5), Middle school (6-8)

Students explore entrepreneurship by reading a story about entrepreneurs and drawing a comic strip about starting a business.
Key information

Topic:
Earn (Becoming an entrepreneur, Learning about careers, Making money)

Activity duration:
75-90 minutes
Building block
- Financial habits and norms
- Financial knowledge and decision-making skills
Exploring opportunity costs

Updated Sep 22, 2022

Ideal for: Elementary school (4-5), Middle school (6-8)

Students read a book about the opportunity costs of starting a business, play a fill-in-the-blank game, and discuss things they could give up so they can have something else.
See Also
Getting Started with Investing – Fundamental Analysis (Part 1)
Key information

Topic:
Earn (Becoming an entrepreneur, Learning about careers, Making money), Spend (Buying things)

Activity duration:
75-90 minutes
Building block
- Executive function
- Financial knowledge and decision-making skills
Playing a business game

Updated Sep 22, 2022

Ideal for: Elementary school (4-5), Middle school (6-8)

Students read a book about starting a business and then play a game to explore things that can happen when you run a business.
Key information

Topic:
Earn (Becoming an entrepreneur, Learning about careers, Making money)

Activity duration:
45-60 minutes
Building block
- Financial knowledge and decision-making skills
Researching the gig economy

Updated Sep 15, 2022

Ideal for: High school (9-10), High school (11-12)

Students conduct research about the gig economy, identify benefits and drawbacks to gig work, and reflect on whether gig work would be right for them.
Key information

Topic:
Earn (Learning about careers, Making money)

Activity duration:
45-60 minutes
Building block
- Financial habits and norms
- Financial knowledge and decision-making skills
Getting banked

Updated Sep 01, 2022

Ideal for: High school (9-10), High school (11-12)

Students select a local bank or credit union to research to learn about what to consider when choosing a financial institution.
Key information

Topic:
Earn (Becoming an entrepreneur), Save and invest (Banking options, Choosing how to save), Spend (Buying things, Paying bills)

Activity duration:
45-60 minutes
Building block
- Financial habits and norms
- Financial knowledge and decision-making skills
Investigating payroll tax and federal income tax withholding

Updated Aug 25, 2022

Ideal for: High school (9-10), High school (11-12)

Students analyze W-4 forms and pay stubs in order to better understand payroll taxes and federal income tax withholding.
Key information

Topic:
Earn (Becoming an entrepreneur, Getting paid, Making money, Paying taxes)

Activity duration:
45-60 minutes
Building block
- Financial knowledge and decision-making skills
Creating a poster on life after high school

Updated Aug 11, 2022

Ideal for: High school (9-10), High school (11-12)

Students create a poster or infographic illustrating post-secondary education or workforce options they're interested in.
Key information

Topic:
Earn (Learning about careers, Making money)

Activity duration:
45-60 minutes
Building block
- Financial knowledge and decision-making skills

Activities align with the My Money Five principles introduced by the statutorily created federal Financial Literacy and Education Commission.

Find financial literacy activities | Consumer Financial Protection Bureau (2024)

Search for activities

Showing 15 matches out of 136 activities

Showing 15 matches out of 136 activities

Understanding jobs, teens, and taxes

Key information

Topic:

Activity duration:

Building block

Becoming familiar with taxes

Key information

Topic:

Activity duration:

Building block

Exploring entrepreneurship

Key information

Topic:

Activity duration:

Building block

Drawing your own business comic strip

Key information

Topic:

Activity duration:

Building block

Exploring opportunity costs

Key information

Topic:

Activity duration:

Building block

Playing a business game

Key information

Topic:

Activity duration:

Building block

Researching the gig economy

Key information

Topic:

Activity duration:

Building block

Getting banked

Key information

Topic:

Activity duration:

Building block

Investigating payroll tax and federal income tax withholding

Key information

Topic:

Activity duration:

Building block

Creating a poster on life after high school

Key information

Topic:

Activity duration:

Building block

FAQs

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