Is financial illiteracy a problem in my community or state?
The first stage of an evaluation justifies the need for financial education, which drives the development of the mission, objectives, and characteristics of the resulting financial education program.
The framework used in this toolkit is based on five tiers of evaluation, originally developed by Francie H. Jacobs in The Five-Tiered Approach to Evaluation: Context and Implementation.
Financial literacy affects your financial decisions every day. If you want to make informed decisions, it is crucial that you understand the fundamental concepts that underpin financial knowledge.
Bonus Promising Practice: Require a course in personal finance. A graduation requirement is the most effective approach because it ensures that all students leave high school with the tools needed to navigate the complex financial decisions facing them.
Financial education works. Research shows it is an effective tool for increasing financial knowledge and improving financial behavior which, in turn, leads to stronger families and communities. Research reveals that the following promising practices are key components of effective financial education.
Promising Practice: Regularly evaluate for improved student learning.