FoolProof

The FoolProof Initiative is a project by the FoolProof Foundation that teaches financial literacy to consumers in the United States and Canada through a variety of programs. It uses video and audio, games and music in a modular system to teach complex as well as basic financial concepts such as understanding credit (finance) and credit score, getting a checking account or savings account, and knowing how to use credit cards.

The Initiative, for instance, appears one of the most effective in reaching vulnerable young people overextended on credit card debt. [1]

Its motto is "Use Caution. Question Sellers. Rely on Research."

Characteristics

FoolProof is a program designed by young people from across the world to help educate students about financial decisions in a friendly video format using real-life stories. The best part is that FoolProof can be used for free by anyone, no matter their financial aptitude, to help (young) people learn about money. [2]

Young people generally make common mistakes when it comes to their money. The FoolProof Initiative addresses these problems.

Here is a list of the most common mistakes:


Curriculum

Available are a variety of educational programs that are tied to state financial literacy standards and guidelines, listed in every state by the United States Department of Education. All programs are available to any consumer for free.


Endorsements

The FoolProof Initiative is endorsed by many consumer-oriented organizations throughout the United States:


References

  1. CU Times Article.
  2. AOL WallotPop Article.

External links

This article is issued from Wikipedia - version of the Thursday, August 13, 2015. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.