Financial Literacy in Education
The knowledge and skills set forth in the personal financial literacy standards cross all grade levels and disciplines. A comprehensive, developmentally appropriate pre-kindergarten through grade 12 program can promote personal financial literacy throughout numerous curricular areas.
The standards, updated in June 2020, include a "financial mindset" area as one of the subject’s six strands — joining education and employment, money management, saving and investing, credit and debt, and risk management and insurance. The addition of the financial mindset strand sets Wisconsin apart from other states and national personal financial literacy standards. It addresses mental habits needed to address financial decisions successfully.
The standards are intended to help schools and educators at all grade levels to develop programs that provide the knowledge and skills to establish sound financial habits.
Revised standards for personal financial literacy were adopted in June 2020. The updated set of standards includes a "financial mindset" area for the first time. This content area addresses mental habits needed to address financial decisions successfully.
Let's celebrate financial literacy! You are encouraged to start by applying for a Financial Innovation Literacy grant by May 27. Go to the grants page to learn more!
2017 Wisconsin Act 94, signed on November 30, 2017, requires school districts to adopt academic standards for financial literacy and incorporate instruction into the curriculum in grades kindergarten to 12. The act was published on December 1, and therefore became effective on December 2, 2017.
- Check to ensure that your school/district is embedding Wisconsin’s K-12 financial literacy standards into instruction.
- Talk to the administration in your district about the possibility of requiring a personal financial literacy course for graduation. Consider bringing your ideas to the school board.
- Research what other schools are doing! Wisconsin has many great models!
- Speak to local businesses to see how they might be interested in helping! Local banks and credit unions are great places to start!
- Consider applying for a grant from the DPI the next time they are available!
- Join or plan an activity during Money Smart Week!
- Come up with your own ideas! The possibilities are endless...
Money Smart Week - April 10-17, 2021
Money Smart Week® is a public awareness campaign designed to help consumers better manage their personal finances. This is achieved through the collaboration and coordinated effort of hundreds of organizations across the country. Programming is offered to all demographics and income levels and covers all facets of personal finance.
- Money Smart Week Proclamation (to come)
- Events - Find Activities and Classes (to come)
- Resources - Contests, Blogs, Podcasts, and more (to come)
Visit WISELearn to access Personal Financial Literacy resources for schools, instructors, and more.