Financial Literacy
Resources for Caregivers & CASA/GAL
Ramsey Solutions: Ramsey knows money, and he’s here to help caregivers teach the young ones about it. His website offers practical advice and resources to make financial literacy fun and understandable for kids. It's a one-stop shop for parents who want to raise financially responsible kiddos.
Money Instructor: Money Instructor is like the cool aunt who's got all the tricks up her sleeve to make money matters exciting for kids. With worksheets, games, and lessons, this site transforms financial education into an engaging adventure that caregivers and young adults can embark on together.
Banzai: Banzai takes financial literacy to a whole new level by linking it with wellness. It's like teaching kids the secret recipe for a balanced life – money smarts and mental health. Caregivers can use their interactive tools and lessons to shape responsible young adults.
MyMoney.gov: MyMoney.gov is like a treasure chest of financial tools for caregivers. They offer calculators, quizzes, and budgeting guides, making it a breeze to teach children and young adults about financial responsibility.
Psychology Today: This one's a goldmine for parents who want to master the art of teaching delayed gratification. Psychology Today spills the beans on strategies that help caregivers raise patient and responsible kids who can handle money wisely.
Family Education: Family Education's got the playbook for caregivers. It offers advice on instilling responsibility in kids, including financial responsibility. With their tips and tricks, parents can mold future money wizards and responsible young adults.
Money Confident Kids: A program designed to assist parents and educators in teaching middle to high school students about financial literacy. It offers free resources including guides, lesson plans, and activities focused on five key lessons: Goal Setting, Decision-Making, Money and Inflation, Asset Allocation, and Diversification. The program uses a relatable story to help kids understand the importance of setting and working towards short- and long-term financial goals.
Kids' Money for Parents: A comprehensive website dedicated to helping parents teach their children about financial literacy. It covers a wide range of topics such as saving, spending, earning, sharing, and budgeting. The site offers various resources, including articles, books, and tools like apps and prepaid debit cards. It's designed to guide parents in educating kids of all ages, from young children to teenagers, about money management and financial responsibility.
21st Century Scholars | Learn More Indiana : Indiana’s 21st Century Scholars program is an initiative designed to make higher education more accessible and affordable for students. Eligible students receive a two- or four-year scholarship covering up to 100% of tuition at eligible Indiana colleges and universities. The program aims to empower students by reducing financial barriers and encouraging college enrollment. Additionally, the program allows students in foster care to enroll beyond the usual application deadline, providing flexibility and support during their educational journey.
Improving knowledge of budgeting, saving and paying bills is helpful in conjunction with this program because the scholarship does not include expenses like books, room and board, or other fees. Understanding how best to manage their finances allows foster children to help cover these additional costs effectively.