Financial education is a priority for Missouri bankers. MBA member banks are teaching children to save, educating teens to use credit wisely, helping young adults with budgeting and financing a home, and counseling adults on issues of credit and debt management. The following are some helpful resources for every age group.
American Bankers Association
- Bank On works to ensure that everyone has access to a safe, affordable transactional banking a safe, affordable transactional banking account. To reduce the number of unbanked and underbanked people in the country, all banks are encouraged to join the Bank On movement by offering low-cost, basic accounts that meet the Bank On initiative’s National Account Standards. By taking this step, your bank will demonstrate your commitment to financial inclusion, while also adding new customers in the process.
- Teach Children to Save
During the month of April, thousands of bankers throughout the United States participate in the Teach Children to Save program, delivering classroom presentations and after-school programs to share "real life" lesson about money. Financial education is a critical skill and TCTS help young people take an important first step in mastering understanding personal finance and learning how to save.
- Get Smart About Credit
Young people need to know how to use credit wisely. To raise awareness among teens and young adults about the importance of credit smarts, the ABA Education Foundation sponsors Get Smart About Credit Day in October. Bankers go to classrooms, connect with youth groups and visit college campuses to help young people in their communities understand how to use credit wisely so they can make smart financial choices later in life.
This national organization focuses on the economic and financial education of students from kindergarten through high school. For the past 60 years, its mission has been to instill in young people the fourth “R”— a real-world understanding of economics and personal finance. Children must acquire economic and financial literacy so they can learn and grow into successful and productive adults, capable of making informed and responsible decisions. CEE carries out their mission by providing professional development
to teachers, and the council delivers its programs
through in-person local workshops, partner organizations and online.
Do you want to understand and improve your credit scores? Consider monitoring and reviewing your credit reports
for free. Also, access various tools
that can help you learn more.
FDIC's Money Smart
The Federal Deposit Insurance Corporation created Money Smart
to help adults as well as high school and college students enhance their money skills and create positive banking relationships. Financial education fosters financial stability for individuals, families and entire communities. The more people know about credit and banking services, the more likely they are to increase savings, buy homes, and improve their financial health and well being.
The Money Smart curriculum helps individuals build financial knowledge, develop financial confidence, and use banking services effectively. The FDIC encourages banks to work with others in their communities to deliver financial education by sponsoring workshops.
The center offers important consumer information and publications to help you make important life decisions.
360 Degrees of Financial Literacy
The American Institute of Certified Public Accountants help consumers make sound financial decisions at any age with its "360 Degrees of Financial Literacy" program.