I am excited to have had the opportunity to participate in the Plutus Foundation’s recent event to help fund financial literacy projects. Other participants in the marathon giving event on November 27 included others in the personal finance community such as JD Roth, Bethany Bayless, The Debt Free Guys, and many more.
When: Tuesday, November 27th, at 3:00 pm EST.
Discussion Topic: The importance of taking online financial literacy programs offline and into our local communities.
Goal: To raise $10,000 that will be used to promote financial literacy in our communities.
The Plutus Foundation is a 501(c)3 nonprofit organization that provides grant money that helps create opportunities for the financial media to create, develop, and administer community-based programs that enhance financial literacy, education, and empowerment.
Hitting the goal of $10,000 will allow the Plutus Foundation to fully fund more financial literacy projects. Your donation will help reach more people who need the resources to be confident and successful in their approach to their finances.
Every project supported by the Plutus Foundation has a set of beneficiaries, and that changes depending on the project. For example, the first ever grant was awarded to Eva Baker, who teaches money management to teenagers in Florida. The Plutus Foundation’s efforts, and your contributions, benefit a diverse array of people of a variety of ages, but the common thread is the need for an understanding of important financial skills.
The Importance of Financial Literacy in Our Communities
Many of us bloggers spend so much time developing content for an online audience. How often are we thinking about how to bring that information offline and into our communities?
I know that I struggle with this concept. The reality is that many individuals who read personal finance blogs are already financially literate. How do we take this information and bring it directly to people in real life?
Try conversing with someone who isn’t particularly interested in personal finance. Budgeting, investing, and tax strategy will quickly get the average person to roll their eyes with boredom.
The challenge is how to make personal finance interesting and relatable.
Easier said than done, right?
I believe the key to making personal finance relatable is to show the impact on your everyday life. Financial stability can reduce stress, improve marriages, provide more flexibility in life, and allow you to give generously. Then you can instill the same values within your family.
Financial literacy can significantly improve almost all aspects of your life. Now, let’s look at a few ways to provide financial literacy related content that is simple, interesting, and relatable to our communities.
3 Ways to Take Personal Finance Offline and Into Our Communities
Supporting the Plutus Foundation is a great way to help spread financial literacy in our communities. I hope that you will consider a small donation that the Plutus Foundation can use to fund individual projects in our community. With that being said, not everyone has the financial means to donate to a group such as the Plutus Foundation.
For individuals who may have time to give, below are additional examples of organizations that I have personally had some involvement with in one way or another. These organizations do an outstanding job of taking personal finance related topics and making them relatable to children or adults in our communities.
Many of us personal finance bloggers have a goal to help promote financial literacy. We have to get out from behind the keyboard and interact with people in our communities.
Many of us may remember participating in a Junior Achievement program in grade school or high school. Junior Achievement’s purpose is to inspire and prepare young people to succeed in a global economy. While their mission is broader than financial literacy, teaching money is an important part of their curriculum.
For years, I’ve seen first-hand how Junior Achievement’s content excites children of all ages. Some may be excited because they get a break from regular classroom activities. However, sometimes that’s all it takes to plant a seed that will sprout somewhere down the road.
When I participated in Junior Achievement it was with younger kids, around age 7. The content was designed to focus on all aspects of a community, with an emphasis on financial literacy. Children had the opportunity to learn about being an entrepreneur, making a profit, paying taxes, and much more. These are all important concepts that help to promote financial literacy in our community.
You can visit Junior Achievement to learn more about how you can volunteer your time to get involved in an area near you.
Financial Peace University is an interactive 9 week course to help people master budgeting, pay off debt, build wealth, and give generously.
While Dave Ramsey can be a bit controversial, it’s hard to argue with his track record of motivating people to get rid of debt. Millions of people have taken his program and many have become debt free as a result.
This year I’ve had the opportunity to take Financial Peace University and then help co-lead a class. I’ve seen first hand the impact this class can have on a family. We’ve seen families on the verge of financial collapse turn their lives around. Financial Peace University does a great job of taking complex financial guidance and breaking it down into simple actionable steps.
Teach Children to Save (TCTS), sponsored by the American Bankers Association (ABA) Foundation and celebrated annually during Financial Literacy Month, is an opportunity for bankers to demonstrate their commitment to community by teaching young people the value of saving.
The purpose is to provide content to young students to encourage them to save money, while promoting the basic concepts of financial literacy. Similar to Junior Achievement, this is accomplished through stories and interactive activities.
While volunteer opportunities for TCTS are for individuals in the banking industry, you can play a role in your child’s school to encourage them to support this program. If your child’s school doesn’t teach personal finance this is a great opportunity to expose young children to the basic concepts of saving and investing.
Support Financial Literacy
We all have different causes that we decide to support with our time and money. Giving can be so powerful. I salute anyone who decides to give to a cause greater than yourself. Supporting the Plutus foundation will allow you to give money directly to individuals who are promoting financial literacy in their communities.
If you would rather give your time instead of money, consider volunteering for a number of organizations that are out in the community teaching financial literacy. The three examples above are just a few. A quick google search will turn up a number of other options in your area. Together we can make a difference to ensure that everyone has an understanding of basic financial topics that can have a long lasting impact on our lives.