Street Journal's advertisements in the eighties that proclaimed
"Money doesn't come with instructions" was the inspiration
for a new, very basic, personal finance learning program from the
nonprofit Institute of Consumer financial Education (ICFE) titled:
"The Money Instruction Book." It was created by ICFE executive
director, Paul S. Richard, a registered financial consultant (RFC).
The ICFE is a San Diego based consumer group dedicated to helping
people of all ages improve their spending Practices, increase their
rate of saving and use credit more wisely.
"The Money Instruction
Book" explains why everyday spending decisions, especially
credit based ones, will have a far greater negative effect on one's
financial future than any investment decision one is likely to ever
make. Available as a home study or classroom course, it helps students
learn how to KEEP more of the money they make and DO more with the
money they keep. Millions of Americans, young and old, have taken
on expensive, short term credit card debt in order to purchase goods
and services they otherwise normally cannot afford, and this course
will help many reverse that trend and begin to reduce their indebtedness.
"In the first chapter
it encourages users to consider their money attitude - whether they
are presently in the consumption or accumulation mode, with an exclusive
'Spender's Profile' which helps users identify dangerous spending
habits. This is important in the beginning because many consumers
nationwide are wasting 20 to 30 percent of their money just because
of poor spending habits and Practices, such as not taking the time
to comparison shop," Richard said.
The book has fourteen
chapters and each chapter includes a quiz. Following the section
on attitudes toward spending, the course guides users in developing
their own financial pictures or determining net worth (the big picture
and figuring out cash-flow (the close-up picture) is the next step.
Following are chapters on goal setting, developing and implementing
a spending-plan, a/k/a budget, debt reduction, improving spending,
increasing accumulation of money and other assets and how to work
with credit unions and or banks. The latter chapters cover credit
use without abuse, correcting credit file mistakes, teaching children
about money, consumer scams to avoid, how to make sure you are adequately
insured, the basics of estate planning and last, but not least,
how to begin the financial planning process, including how to select
a financial planning professional.
Money Instruction Book" (260 pages in a 3-ring binder)
is $49.95 plus $4 standard rate mail. The ICFE also publishes a
teacher's manual and conducts two-day training programs for financial
planners and others who want to teach this course. A certificate
of completion is also available to both home study users and classroom
participants. Individual chapters are also available.
To order "The
Money Instruction Book" visit www.financial-education-icfe.org or send $29.95
plus $4 for postage to:
PO Box 34070
San Diego, CA 92163-4070
or call 619-239-1401.
The Instructor's Guide
is $34.95 plus $4 postage. Or order online at www.financial-education-icfe.org.
About the ICFE:
The Institute of Consumer Financial Education (ICFE) was founded in 1982 by the late Loren Dunton (creator of the Certified Financial Planner (CFP) designation). The ICFE is dedicated to helping consumers of all ages to improve their spending, increase savings and use credit more wisely.
The ICFE is an award winning, nonprofit, consumer education organization that has helped millions of people through its education programs and Resources. It publishes the Do-It-Yourself Credit File correction Guide, which is updated annually. The ICFE has distributed over one million Credit/Debit Card Warning Labels and Credit/Debit Card Sleeves world wide.
The ICFE became an official partner with the Department of Defense/Financial Readiness Campaign in June of 2004.The ICFE was an active partner in the California Student Debt Resource Awareness Project (CASDRAP) which resulted in a new web site: (studentdebthelp.org). CASDRAP disbanded in 2010, shortly after the web site project was completed. In 2011 the ICFE assumed the single sponsorship of the (studentdebthelp.org) web site and is now responsible for its content and operation.
The ICFE is also an on-line help for consumers who spend too much. ICFE's spending help was featured in PARADE Magazine in the Intelligence Report section. The money helps and tips are from the ICFE's Money Instruction Book, our course in personal finance.
Visit the ICFE's other web sites at: www.financial-education-icfe.org and studentdebthelp.org. Both sites helps consumers and students with mending spending, learning about the proper use of credit, budget and expense guidelines, how to set up and implement a spending-plan and also how to access financial education courses and how to teach children about money. Other ICFE services include: Ask Mr. G, a free eNews, and an online resource center for students, parents and educators, plus financial education learning tools and a book store.