Simply stated, financial literacy is the effective management of your financial life. When you are
financially literate, you have the knowledge and skills to make informed decisions regarding your
financial resources for a lifetime of financial well-being.
Financial literacy is more than balancing your checkbook or having the smarts and the wherewithal to
seek out the best deals for groceries or a major purchase. It also includes the setting of financial goals
and taking the time to map out a plan to reach those goals.
But there are a handful of topics that constitute the core of financial literacy:
Budgeting and Saving
Basics of Banking
Credit
Making Smart Decisions
Financial Literacy Links
The National Endowment for Financial Education® (NEFE®), is an independent nonprofit organization committed to educating Americans about personal finance and empowering them to make positive and sound decisions to reach financial goals. The NEFE Teen Resource Bureau (NTRB) is a Web site designed to provide young people with information about basic personal finance concepts, as well as practical money-management tips on a variety of topics.
The CARE Program is excited to have been authorized to provide this link to the NTRB, which provides a full range of excellent information to improve young people’s Financial I.Q.
- www.bankrate.com provides the tools and information that can help consumers make the best financial decisions.
- www.creditcardnation.com - a Web site by R.I.T. Professor Dr. Robert Manning
- MyMoney.gov is the U.S. government's Web site dedicated to teaching all Americans the basics about financial education. Whether you are planning to buy a home, balancing your checkbook, or investing in your 401k, the resources on MyMoney.gov can help you do it better. Throughout the site, you will find important information from 20 federal agencies government wide.
- www.CardRatings.com has become the most comprehensive free source for comparing credit card offers. We have been educating consumers about credit cards since 1998 and have been featured by hundreds of media outlets including The Wall Street Journal, Good Morning America, The New York Times, The Today Show on NBC & PBS. Find and learn about credit cards from our site.