Financial literacy is the ability to make informed judgments and effective decisions regarding the use and management of money, and American Enterprise Bank is committed to increasing the financial literacy of our community. In today’s world of complex financial decisions, financial literacy is a necessary skill for everyone. A financially literate person strives for a positive attitude towards financial planning with the ability to use credit responsibly, the confidence to manage their money and financial risks, and the understanding of the long-term benefits of saving. Kids, teenagers and adults alike should acquire the financial knowledge necessary to effectively manage their own finances. Inappropriate financial decisions can have long-term negative effects.
The educational resources below can be helpful in expanding financial understanding and literacy of our communities:
- For timely, reliable and innovative tips and information about financial matters, free of charge, access the FDIC Consumer Newsletter: fdic.gov/news/news/press
- Enhance your financial skills with the FDIC’s Money Smart educational program: fdic.gov/consumers/consumer/moneysmart/index.html
- Access financial education tools and resources from over 20 different Federal web sites in one place at mymoney.gov
- Calculate the FDIC insurance coverage on your deposits, plus access other FDIC resources and FAQs about deposit insurance at the FDIC’s Electronic Deposit Insurance Estimator (EDIE) website: fdic.gov/edie/index.html
- Find educational tools and resources for young adults and kids at the American Bankers Association Education Foundation website: http://www.aba.com/ABAEF/Pages/default.aspx
- Find out more about the annual Teach Children to Save Day, where bankers visit local schools to teach kids the importance of saving: http://www.aba.com/ABAEF/Pages/teachchildrentosave.aspx
- Visit themint.org for activities for kids and teens, tips for parents, and entertaining programs and lesson plans for teachers and students, all designed to teach youth about responsible financial habits
- Find out more about Money in Motion: “What Teens Should Know About Managing Finances” – a financial literacy program designed to help teachers educate their students on basic financial skills: http://www.aba.com/ABAEF/Pages/moneyinmotion.aspx
- For resources specific to Fraud Protection and Identity Theft, visit the American Enterprise Bank Identity Theft Policy Page.
For more information contact your local AEB branch, or click here to contact us via email.