"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
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.