Financial literacy is becoming an essential part of an overall life skills education. It has been identified as being most important to underserved populations in distressed communities. Having secured employment, employees sometimes find themselves hopelessly in debt, unable to secure housing and provide for emergencies as they arise.
The importance of financial literacy training has been recognized and provides numerous resources and training opportunities from federal and nonprofit organizations as well as in-kind volunteer training opportunities with local banks. Local banks can become excellent leveraged partners providing instructors, guest speakers, and mentors for Environmental Workforce Development and Job Training (EWDJT) participants.
An excellent starting point for financial literacy curricula, lesson plans, tip sheets, guidance, and helpful tools for teaching financial capability is the Financial Literacy & Education Commission’s About MyMoney website. The U.S. Federal Reserve has also addressed financial literacy training and provides instructions and awareness materials.