Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's banking system. The FDIC insures deposits at the nations banks and savings associations and it promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives no federal tax dollars; insured financial institutions fund its operations.
FDIC developed the Money Smart curriculum to help individuals enhance their money management skills, understand basic financial services offered by mainstream financial institutions, and build financial confidence to use banking services effectively. The Money Smart program for consumers includes an instructor-led version for adults, an instructor-led version for young adults, a self-paced online format, and an mp3 format for all ages. The Money Smart curriculum has been shown to bring lasting results in how course participants manage their personal finances as well as their financial confidence. All modules cover basic financial topics.
Additionally, the Money Smart for Small Business curriculum was developed by FDIC in partnership with the US Small Business Administration (SBA) to teach entrepreneurs the basics of managing a small business from a financial standpoint. And, the FDIC and the Consumer Financial Protection Bureau (CFPB) offer the Money Smart for Older Adults curriculum to help older adults and their caregivers prevent elder financial exploitation.
Money Smart is available at no cost to users and may be reproduced as needed. Anyone interested in financial education can use Money Smart. Money Smart is available in English, Spanish, Chinese, Creole, Hmong, Hindi, Korean, Russian, and Vietnamese. To order your free copy of the Money Smart curriculum, click on the Money Smart link at http://www.fdic.gov/moneysmart. Also available through this resource is a library of various implementation strategies.
Over 3 million people have been reached by Money Smart since its launch in 2001. The FDIC maintains relationships with FDIC-insured institutions, and FDIC staff is available to provide technical assistance to financial institutions and community-based organizations on the effective implementation of Money Smart and linking it to other economic inclusion or community development initiatives. The FDIC is looking for new collaborations with organizations that will promote, deliver, and enhance the implementation of financial education using Money Smart. FDIC's Money Smart alliance members can help by linking Money Smart to banking services, community development and asset-building strategies.
For more information, please visit www.fdic.gov/moneysmart.
Luke W. Reynolds
Chief, Outreach and Program Development
Federal Deposit Insurance
3501 N Fairfax Dr, CH-11066, Arlington VA 22209
Phone: (703) 254-1045
Fax: (703) 254-2236
Jump$tart Coalition for Personal Financial Literacy