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Student and Educator

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Student and Educator

Financial Literacy

Financial literacy is vital for saving, earning, investing, and protecting money wisely, leading to improved financial well-being. Transitioning from adolescence to young adulthood is critical for developing executive function skills, making informed financial decisions, and establishing sound money habits. This phase shapes financial knowledge and decision-making abilities, setting a strong foundation for managing finances effectively in daily life and securing future well-being.

Parents, educators, and community leaders play a significant role in guiding young adults through this crucial phase. Financial literacy education can be integrated into school curricula, after-school programs, and community workshops, providing a structured environment for learning. Interactive tools such as budgeting apps, online courses, and financial simulators can also engage young adults, making the learning process both dynamic and practical.

Spotlight

In addition to formal education, real-life experiences and mentorship are invaluable. Encouraging young adults to take on part-time jobs, manage their bank accounts, and set financial goals can provide hands-on practice. Mentorship from financially savvy adults can offer personalized advice and real-world insights, helping young people navigate complex financial landscapes.

Furthermore, fostering an open dialogue about money within families can demystify financial concepts and reduce anxiety around financial matters. Parents can model good financial behaviors, share their experiences, and involve their children in financial planning and decision-making processes. This transparency can build trust and reinforce positive financial habits.

By combining formal education, practical experiences, mentorship, and open family discussions, we can empower young adults to become financially literate individuals. This holistic approach not only equips them with the knowledge and skills needed for financial success but also instills confidence and resilience, enabling them to thrive in an increasingly complex financial world.

A DEVELOPMENTAL MODEL

Programs for Children

Children Handbook (Ages 3-5)

  • During this stage, children start establishing the fundamental skills associated with executive function.
  • Basic values and attitudes linked to financial concepts start taking shape.
  • Children start grasping mathematical concepts and number skills essential for financial literacy.
Financial Literacy Activities for Children

Printable Resources

Digital Games

By Thinking Money for Kids, American Library Association and FINRA
  • Earning It

    Earning It

    Select Grace, Emma, or Kenji to follow their story and learn how they transformed their childhood interests into successful careers.
    Earning It Digital Game
  • Balance My Budget

    Balance My Budget

    A budget is a plan for using and saving the money available to us. Can you sort through wants and needs to balance a $300?
    Balance My Budget Digital Game
  • Money Trail

    Money Trail

    Every day, we make decisions about earning, saving, and spending money. Starting with $500 in your account, follow your own Money.
    Money Trail Digital Game

SUPER SAVER HERO THEME PRINTABLES

 

Super SAVINGS Superhero w pig

Click photos for more printables

Super Saver Addition Word Search                                   Super Saver What are you Saving For

 

Super Saver Stars and Falls

IE Resources for Teens

Middle Childhood and Teens Handbook (Ages 6-12)

  • Development of executive function skills and behaviors progresses.
  • Formation of financial habits and norms becomes prominent, influenced by the observation of family members and peers' interactions with money, shaping children's independent identities.
  • Introduction to fundamental concepts of money management occurs during this stage.
Financial Literacy Activities for Teens
IE Resources for Adults

Teens and Young Adulthood Handbook (Ages 13-21)

  • The maturation of executive function persists.
  • Money-related habits and norms evolve.
  • Young individuals enhance their financial knowledge and decision-making abilities, which become increasingly significant in their daily routines.
Financial Literacy Activities for Young Adults
Program for ALL IE Resources Image

Financial Literacy Activities for All Ages

Want to gauge your financial capability? 

Image of the word Quiz

Take the online Financial Literacy Quiz to test your money smarts.             

Know how to spot the red flags of investment fraud? Complete Investor Fraud Awareness Quiz online to find out.

Financial Literacy Activities for All Ages

File a Complaint

You can file a complaint online with the Michigan Commercial Licensing Enforcement and Regulation System - MiCLEAR

 

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NASAA has provided this information as a service to investors. It is neither a legal interpretation nor an indication of a policy position by NASAA or any of its members, the state and provincial securities regulators. If you have questions concerning the meaning or application of a particular state law or rule or regulation, or a NASAA model rule, statement of policy or other materials, please consult with an attorney who specializes in securities law. For more investor alerts and advisories, visit www.nasaa.org.

 

The information provided on this website is not comprehensive, is not offered as legal or investment advice, and is not a substitute for competent legal or financial counsel. The Securities Division provides this information to give you an overview of the topics discussed. You should not rely on the accuracy of this information but should carefully review all applicable statutes and regulations with the assistance of legal counsel.

 

Contact Us

Department of Licensing and Regulatory Affairs (LARA)
Corporations, Securities & Commercial Licensing Bureau (CS&CL)
Securities and Audit Division
Address:  PO Box 30018, Lansing, MI 48909
Overnight Mail (FedEx/UPS): 2407 N. Grand River Ave, Lansing, MI 48906
Phone: (517) 335-5237
Fax:  (517) 763-0039
Email: LARA-CSCL-Securities-Audit@michigan.gov