Financial Literacy and
Empowerment Programs

This is a digital financial education program that teaches students how to make wise financial decisions to promote financial well-being over their lifetime. The interactive lessons will translate complex financial concepts and help students develop actionable strategies for managing their finances. Students are taught the different ways to acquire income, develop a savings and investing plan, create a budget, track expenses, make informed purchases, monitor and protect their money, and navigate financial institutions and financial products.

The course covers the following topic areas:

BANKING BASICS: Students will gain confidence in engaging with financial institutions and picking the right products for their life and financial goals.

INCOME AND EMPLOYMENT: Students will feel confident in navigating the choices and paperwork.

BUDGETING: Students will set short-term and long-term financial goals and create a personal budget.

CONSUMER SKILLS: Students will proactively research purchase decisions and select the best way to pay for those purchases.

CREDIT AND DEPT: Students will engage in wise debt management practices and avoid expensive borrowing behaviors.

FINANCIAL HIGHER EDUCATION: Students will develop a plan for financing postsecondary education or training.

INSURANCE: Students will become aware of the need for a risk management strategy and how insurance plays a role.

This engaging and interactive program aims to instill a strong foundation of financial knowledge, fostering responsible financial habits that will serve participants throughout their lives. Empower Finance is a transformative journey towards financial empowerment, ensuring that the families and communities are well-prepared to make informed financial decisions and secure a prosperous future.

The program is designed to educate individuals about various aspects of personal finance, helping them make informed and responsible financial decisions. The program covers a wide range of topics to enhance participant’s understanding of money management, budgeting, investing, credit, and other key financial concepts. The program structure encompasses a series of financial literacy workshops that are curated and tailored for the specific audience, in order to meet the students, parents, and teachers/staff where they are in terms of their baseline of financial literacy comprehension.

The structure of each workshop entails 45-minutes in which NY Life financial experts provide an interactive presentation about basic financial principles that allows audience members to better set themselves up for future financial success. Following the 45-minute presentation, there are 45-minutes of breakout sessions in which audience members have the opportunity to speak 1-on-1 with the financial experts about subjects that they are specifically curious about. The subject areas and level of detail covered during the workshop are contingent on the audience’s implied or assumed level of financial literacy competence.