You’ve heard it before, financial literacy is key to having a healthy financial future. Yet according to the 2014 Consumer Financial Literacy Survey, 73% of the adults surveyed admitted that they could benefit from the help of a professional financial counselor. Fortunately, you have a choice of helpful organizations when you want to increase your financial literacy. Here are five resources we recommend.
MyMoney.gov is a website sponsored by the U.S. government with the goal of improving financial literacy among adult U.S citizens. The foundation of the website is the “MyMoney Five,” which are five keys to building and maintaining a healthy financial life. The website explains the keys and how to implement them in a way that the average Joe can understand.
Institute for Financial Literacy
The nonprofit Institute for Financial Literacy provides financial education to adults by assisting organizations in integrating financial education into their services. They host the Annual Conference on Financial Education, and provide certification via Fincert.org. To date they have helped to educate over 500,000 individuals on financial literacy.
National Endowment for Financial Education (NEFE)
The National Endowment for Financial Education specializes in providing financial education to teens and adults. They have special programs for high schoolers, young adults, those approaching retirement, and everyone in between. They also founded Smart About Money, which features money advice for people from all walks of life, and a community forum.
For 20 years now, Operation HOPE has served more than 2 million individuals in need of banking services and financial literacy support. It has directed more than $1.5 billion in private capital to America’s low-wealth communities as well as others around the world. In addition to working as a nonprofit bank for poor and middle class individuals, they also provide youth financial education, credit counseling, and small business and entrepreneur counseling. Needless to say, this is a great organization for anyone looking to learn more about managing finances.
Department of Housing and Urban Development (HUD)
The U.S Department of Housing and Urban Development (HUD) has resources for those wishing to buy a home. With the HUD resource website you can learn everything you need to about buying a home, including first time home buyer financing, mortgage information, homeowner’s insurance, and more. You can also register for in-person seminars as they become available in your area. Today, a solid financial education is more attainable than ever. Take it upon yourself to take advantage to some of the great resources at your fingertips.
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