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Financial Literacy

Financial Literacy is "the ability to use knowledge and skills to manage financial resources effectively for a lifetime of financial well-being." This guide will help you find authoritative resources to build financial literacy knowledge and skills.


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.” Several other national organizations have created their own definition. This research guide provides resources to build your financial literacy knowledge, skills and decision-making confidence. Links to the organizations mentioned can be found under the "Financial Literacy Resources" tab.

Money in shape of an apple with a bite taken out of it

Although each financial literacy definition is varied, most have similar components.  Each of the financial literacy definitions listed refer to the importance of having the skill sets and knowledge to make informed decisions.  In addition, each refer to The National Financial Educators Councils financial literacy definition also adds in a psychological component.  The NFECs’ team of Certified Financial Education Instructors (CFEIs) and Certified Financial Education Professionals (CFEPs), that have personally reviewed the complete financial statements of over 10,000 people nationwide, feel this is a critical component.  A NFEC spokes person states “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.”

Don't Miss This!

The resources under the "Financial Literacy Websites" tab are 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 Entities, and Research.

St. Louis Community College Libraries

Florissant Valley Campus Library
3400 Pershall Rd.
Ferguson, MO 63135-1408
Phone: 314-513-4514

Forest Park Campus Library
5600 Oakland
St. Louis, MO 63110-1316
Phone: 314-644-9210

Meramec Campus Library
11333 Big Bend Road
St. Louis, MO 63122-5720
Phone: 314-984-7797

Wildwood Campus Library
2645 Generations Drive
Wildwood, MO 63040-1168
Phone: 636-422-2000