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Financial literacy month Youth Week teach money skills

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SILVER SPRING, Md. (4/5/10)--April marks Financial Literacy Month, officially recognized since 2004 to help educate people of all ages about financial literacy. The National Foundation for Credit Counseling (NFCC), with its member agencies, is celebrating the month by promoting increased awareness of financial education (NFCC March 30). A new financial blog with initial posts from Jean Chatzky, financial expert and best-selling author, is one NFCC initiative, along with the launch of a Spanish language website, Termineconsudeuda.org, to expand financial education outreach to the Hispanic community. Credit unions nationwide are joining in the financial literacy celebration by participating in National Credit Union Youth Week, April 18 to 24. “Many credit unions teach money management skills all year long through classroom presentations, online games and programs, and electronic or print publications,” said Lin Standke, Credit Union National Association’s (CUNA) Youth Week manager. “April is when credit unions place a special emphasis on youth and focus on the benefits of saving for their goals with fun incentives, prizes, and activities.” CUNA sponsors the National Youth Saving Challenge during the entire month to help youth younger than age 18 develop the saving habit. Last year youth made record deposits of more than $26.5 million. Credit union staff can visit the financial literacy section on CUNA’s website (finlit.org) to sign up for the Saving Challenge, share celebration plans, and to download free promotional materials. To brush up on adult money management skills, join the Financial Fitness Challenge on the Home & Family Finance Resource Center.