April - Declared Financial Literacy Month
Governor Signs Proclamation Declaring April Financial Literacy Month
TOPEKA, Kan. – Governor Sam Brownback signed a proclamation on March 20, 2014 declaring the month of April as Kansas Financial Literacy Month.
The proclamation states that financial literacy is essential to ensure that Kansans are well prepared to manage money, credit, investments and debt, and that personal financial education among today’s youth will contribute to the financial stability of tomorrow’s workforce and to the prosperity of the Kansas economy.
In attendance were members of Money Smart Month Kansas, an annual community outreach initiative that promotes and encourages financial awareness for all ages. Money Smart Month Kansas will be promoting a series of classes and workshops designed to help consumers make positive financial decisions throughout April. Among the key Money Smart Kansas 2014 events are:
- Money Smart Day Topeka – April 5: Free concurrent financial education sessions will be offered to the general public on a variety of topics at the Topeka and Shawnee County Public Library from 9 a.m. to 12 p.m. (1515 SW 10th Ave., Topeka, Kan.)
- MSM Kansas City Financial Funfest – April 6: This free, family-friendly bilingual event at Sporting Park will kick off MSM with workshops, games, prizes and more for all ages from 1 to 5 p.m. (One Sporting Way, Kansas City, Kan.)
- MSM Wichita Closing Event Luncheon – April 24: The Kansas State Treasurer and Kansas Securities Commissioner will join other partners to help recognize Wichita MSM initiatives.
Kansas’ celebration of Financial Literacy Month joins a national effort of businesses, agencies and non-profit organizations to promote personal finance education through a wide variety of programming.
To learn more about financial literacy events near you, visit: www.moneysmartkansas.org.
Importance of Financial Literacy
Many Kansans struggle to manage their money due to a lack of financial literacy.
- The average non-mortgage consumerdebt in Kansas has risen from $11,000to $15,000 in the last decade.
- 12.4% of Kansans have experienceddifficulty making their mortgagepayments on time.
- Student loan debt now exceeds creditcard debt in America.
- 51% of Americans are not financiallyprepared to retire at the age of 65.
Financial education will empower Kansans to make wise financial decisions, understand an increasingly complex economy, and promote the value of financial literacy.
Money Smart Month Kansas is a community initiative led in part by Capital City Bank, Capitol Federal Savings Bank, Federal Deposit Insurance Corporation, Federal Reserve Bank of Kansas City, Kansas State Department of Education,Kansas State Treasurer’s Office, K-State Research and Extension, Mazuma Credit Union, Office of the Kansas Securities Commissioner, and Minerva Foundation for Financial Literacy.
If you are in the need of some financial literacy ideas, the following are considered well written and educationally sound teaching curriculums and teaching resources which are research based and youth centered. It is felt any of these would be exceptional classroom additions:
- Federal Reserve Bank of Kansas City-- http://www.kc.frb.org/education/
The Kansas City Federal Reserve offers free K-12 economic and personal finance resources and professional development opportunities for educators. Classroom materials assist with teaching basic economic and consumer education lessons
- High School Financial Planning Program-- http://www.hsfpp.org/
This free program is a turnkey financial literacy program specifically focused on basic personal finance skills that are relevant to the lives of pre-teens, teens and young adults. A professional development component is available.
- Jump$tart-- http://www.jumpstart.org/
Jump$tart is a coalition of diverse financial education stakeholders who work together to educate and prepare our nation’s youth for life-long financial success. This site offers free K-12 resource which includes games, lesson plans, and classroom activities as well as professional development for teachers. Resources are juried to ensure they are quality and educationally sound.
- Kansas Center for Economic Education-- http://kansas.councilforeconed.org/
This resource offers professional development, teaching resources, and competitions to demonstration your skills in basic personal finance.
- Money Skill-- http://www.moneyskill.org/
Money Skill is a free on-line financial literacy resource for middle levee through young adult audiences, provided by the American Financial Services Association (AFSA). AFSA established a foundation to create the resource to heighten consumer awareness and promote personal financial responsibility.
- Take Charge Today-- http://takechargetoday.arizona.edu/
This free program provides curriculum that includes a decision-based and activity centered approach to personal finance across the lifespan. This program includes an extensive training opportunity. This resource offers three grade level options and was previously known as the Family Economics Financial Education (FEFE) program.
Visit Money Smart Kansas for more information on financial education community activities in your area!