Financial Literacy

Financial Literacy

The National Financial Educators Council defines financial literacy as: “possessing the skills and knowledge on financial matters to confidently take effective action that best fulfills an individual's personal, family and global community goals.” This research guide provides resources to build your financial literacy knowledge, skills, and decision-making confidence. 

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There are other definitions of financial literacy, but most refer to the importance of having the skill sets and knowledge to make informed decisions. The National Financial Educators Council (NFEC) adds focus on a psychological component:

"A lot of people know what they should do; however a good majority freeze up when it comes time to make a financial decision.  Most have the knowledge but lack the confidence to make the right decision and take action in a decisive manner. Since money is directly tied to peoples emotional state we feel including this component in our financial literacy definition is critical.”

The resources under the "Websites" page of this guide is a must-see. Links to expert financial information, interactive tools and courses to build financial literacy knowledge and skills are provided. Resources are arranged in categories by Student/Consumer, Educators, Government Agencies and Organizations, and Research.