Family and Consumer Sciences

Live Smart Ohio

Ohio State University Extension

Financial Literacy

New Year’s Resolutions for Financial Health & Wellness

At this time of year, we find ourselves looking for ways to improve our lives by making resolutions to create a better, happier new year.  We resolve to exercise more, to clean up our diet, and even master a new skill.  And while these resolutions are excellent pathways to a happier and healthier new year, […]

WRITTEN BY: Amanda Woods, M.Ed. Healthy Finances Program Specialist, Family and Consumer Sciences, Ohio State University Extension

REVIEWED BY: Lauren Jones, PhD Assistant Professor Department of Human Sciences

SOURCES:

  • FINRA, 2015, National Capability Study, http://www.usfinancialcapability.org/results.php?region=OH
  • America Saves, https://americasaves.org/for-savers/save-automatically
  • Allgood & Wallstad, 2015, Journal of Economic Inquiry, http://onlinelibrary.wiley.com/doi/10.1111/ecin.12255/full

Financial Literacy and Why it Matters!

Why it matters. Throughout life we face many events and situations that require us to make decisions about our financial lives.  Being financially literate, or understanding how finances work in our everyday lives, can not only better prepare us to make these decisions, but will also improve outcomes in our financial lives.  In fact, our financial literacy […]

WRITTEN BY: Amanda Woods, M.Ed. Healthy Finances Program Specialist, Family and Consumer Sciences, Ohio State University Extension

REVIEWED BY: Lauren Jones, PhD Assistant Professor Department of Human Sciences

PHOTO CREDITS:

  • Pixabay.com
  • http://www.usfinancialcapability.org

SOURCES:

  • Allgood & Walstad, 2005, Journal of Economic Inquiry http://onlinelibrary.wiley.com/doi/10.1111/ecin.12255/abstract
  • FINRA Foundation, Financial Capability in the United States 2016, http://www.usfinancialcapability.org
  • MyMoney.gov

Family and Consumer Sciences—A No Brainer

The economic crisis of 2008 was mainly the result of irresponsible financial actions from Wall Street on down to Main Street, USA. To ensure that this never happens again, the federal government wants us to promote financial literacy education. To put it simply, because many families are now struggling with money issues, we “need” financial […]

WRITTEN BY: Donna Green, Extension Educator, Family and Consumer Sciences, Ohio State University Extension, Erie County

REVIEWED BY: Melissa Welker, Extension Educator, Family and Consumer Sciences, Ohio State University Extension, Fulton County

PHOTO CREDITS:

  • http://search.creativecommons.org/

SOURCES:

  • http://info.cqrollcall.com/NewMemberGuide2014.html

Money Talks

The Ohio State University Extension program “Real Money. Real World.” involves a series of financial education lessons followed by a real-life budgeting simulation activity in which students are assigned a job with a corresponding salary and a family to care for. For the simulation, students wear the hat of 27-year-old adult and main income earner […]

REVIEWED BY: Candace Heer, Extension Educator, Family and Consumer Sciences, Ohio State University Extension, Morrow County, heer.7@osu.edu

SOURCES:

  • http://www.nefe.org/what-we-provide/research/search.aspx

REFERENCES:

  • http://moneyasyougrow.org
  • http://www.bls.gov/emp/ep_chart_001.htm

The Growing Concern about Financial Literacy for our Children

When should children learn about personal finance…you know, how to work with money?  The vast majority of Americans believe personal finance needs to be taught at least as early as high school from a paper produced by the Whitehouse in 2010.  But is that early enough for all our children need to learn about money? […]

WRITTEN BY: Nancy Stehulak, Extension Educator, Family and Consumer Science, Henry County, Ohio.

REVIEWED BY: Betsy Dematteo, Extension Educator, Ohio State University Extension

SOURCES:

  • http://moneyasyougrow.org;
  • White House (2012).  Every American Financially Empowered.
  • http://www.whitehouse.gov/sites/default/files/financial_capability_toolkit_5.10.2012.pdf

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