WDS 7: Financial Literacy
The organization promotes the achievement of identified financial goals by providing the individual with the knowledge necessary to effectively manage his or her finances.
NA The organization does not provide financial literacy education.
The organization provides basic financial literacy information in plain language that meets the needs of the identified service population
, with technical terms, abbreviations, and acronyms clearly defined.
Financial literacy topics are adjusted according to the identified needs of the group or individual receiving services and can include information regarding:
- predatory lending;
- the establishment and maintenance of good credit;
- debt management;
- paying bills;
- investing in the future;
- tax basics;
- budgeting; and
- buying a home.
Direct service personnel
should consider setting, audience, and subject matter when selecting which financial literacy topics to cover.
Direct service personnel provide individuals with contact information for specific resources in the community, including places to receive sound financial advice and debt counseling services.