April is National Financial Literacy for Youth Month
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"April is National Financial Literacy for Youth Month"

CONTACT: Paul S. Richard, ICFE Executive Director

San Diego, CA.  The nonprofit Institute of Consumer Financial Education (ICFE), of San Diego, CA., a partner in the national Jump$tart Coalition for Personal Financial Literacy, is pleased to join with other leaders in the finance industry to sponsor Financial Literacy for Youth Month in April 2001. "This nationwide, month long, effort of the national Jump$tart Coalition, its statewide coalitions and partners, will draw attention to the need for children and young adults to master
the basic skills in personal finance of spending, saving and the wise use of credit," said Paul S. Richard, ICFE executive director. "The key is for parents to become actively involved their youngsters financial education and begin with establishing the difference between needs, wants and wishes," he added.

The ICFE has created on the "Children and Money" section its Web site: http://www.financial-education-icfe.org, a helpful "Money Skills Kit" for parents which includes "10 Commandments of Personal Finance to Teach To Young People." It also has a tip sheet for parents and grandparents on how to teach children and young adults the value of money. There are 18 ideas adults can implement with their children, almost immediately, including a helpful approach to subject of allowances.

Another feature on the ICFE Web site is especially for youngsters. As part of Financial Literacy for Youth Month, youths will be able to print out or download both a "Young Spender's Profile" and a "Credit Risk Profile" to better help them understand how a potential lender might view them.

The nonprofit Institute of Consumer Financial Education (ICFE), based in San Diego, CA., makes available a "Money Skills Kit" especially for parents and grandparents which was designed to help adults teach young people about money and values. The "Money Skills Kit" includes a reprint of the article "18 Ways to teach your children or grandchildren the value of money," The 10 Commandments of Personal Finance For Young People in 2001" and a report titled "Allowances? Work? Or Both?"


The "Money Skills Kit" is available free on the Internet at the ICFE's Web site: http://www.financial-education-icfe.org. Those parents, grandparents, teachers and consumer educators and interested others without Internet access may receive a copy by return mail by sending $1 and a self-addressed, stamped envelope (with 34 cents postage) to: ICFE "Money Skills Kit", PO Box 34070 San Diego, CA 92163-4070.

For more information contact Paul S. Richard ICFE Executive Director at 619-239-1401.

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