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What is Financial Education and Why is it Important?

Updated: Dec 19, 2018



When people hear the term, "Financial Literacy," they seldom understand what exactly that term means. To break it down, financial literacy is the understanding and knowledge of financial matters and consumer education that impacts every single person, even from an early age.


Financial literacy is the first step in overall financial and consumer education, much like learning how to read is the basic first step to understanding communication.


Our financial literacy and consumer education program focuses first on helping youth and adults learn how to manage their money in an efficient manner. This includes learning how to make appropriate decisions about personal finance such as budgeting, saving and investing, retirement planning, making major purchases, understanding interest, and tax planning, just to name a few.


Consumer education includes teaching students necessary life skills such as grocery shopping on a budget and how to read labels, understand discounts, coupons and whether or not they are a good deal, etc. Understanding how to open a bank account and reconcile bank statements, learning about credit, and good vs. bad debt is a key factor in self-sufficiency, taught through our program. And so much more!


One would think that this much needed life skill would be taught in school, but, sadly, in most cases it is not. The vast majority of today's youth have little to no knowledge about personal finances, simply because they are not taught. Many of their parents struggle, themselves, and when polled, feel they are ill-equipped or lack knowledge about how to manage money efficiently. As a result, generation after generation of Americans are considered financially illiterate.


Most Americans are drowning in debt and struggling simply to make ends meet!


However, we have an opportunity to change the future of so many lives, simply through financial education. Through our FREE programs and classes, our mission is to help our students, youth and adult like, pursue and successfully attain the American dream.


And that starts with learning financial literacy and consumer education.


But, we don't stop there! Our program expands on these two key pillars to include more thorough financial education, including how to start a business from scratch, creating multiple streams of income, and learning about investments.


The goal of the program is to help get people off government programs and teach them how to creatively become self-sufficient and thriving, productive individuals. Not only does it change their outlook on life by providing them hope, it renews their determination, identifies passion, and helps them pursue dreams they once thought impossible due to their lack of education or circumstances.




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