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Financial Resources

What is Financial Literacy?

Financial literacy, the understanding of how to manage personal financial resources for long-term personal financial health, encompasses building a knowledge base and learning a set of skills revolving around how money works, managing one’s money and debt, and planning for one’s financial future (Adams 2021).

Financial Education

Overall, there is mixed empirical support that traditional financial education initiatives stimulate positive consumer financial behaviour. Recent literature calls
for studying the potential of just-in-time financial education, where the discharge of financial education more closely matches the instances in which the knowledge would be actually needed (Hoffmann et al 2017)

Financial Services

Financial services are economic services provided by the finance industry, which together encompass a broad range of service sector firms that provide financial management, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer-finance companies, stock brokerages, investment funds, individual asset managers, and some government-sponsored enterprises.


Budgeting Tool

Don’t think of making a budget… Establish a spending and savings plan.

Saving and Investing Tools

Build a saving plan to take advantage of  time value of money.  Build a emergency savings account for unexpected expenses.  Build wealth for Retirement.

Borrowing resources

What to look for when borrowing money. borrowing to purchase an asset that will grow in value.

Resources and Links

Created by the U.S. Congress in 1970, the National Credit Union Administration is an independent federal agency that insures deposits at federally insured credit unions, protects the members who own credit unions, and charters and regulates federal credit unions. 

The Consumer Financial Protection Bureau is a U.S. government agency dedicated to making sure consumers of financial services are treated fairly by banks, lenders and other financial institutions.

The St. Louis Fed is one of 12 Federal Reserve banks is an operating arm of the Federal Reserve System. The banks carry out various functions, including operating a nationwide payment system, distributing the nation’s currency and coin, supervising and regulating member banks and bank holding companies, and serving as the banker for the U.S. Treasury. The Federal Reserve banks are located in Boston, New York City, Philadelphia, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Kansas City, Dallas and San Francisco.

America Saves, a campaign managed by the nonprofit Consumer Federation of America, motivates, encourages, and supports low- to moderate-income households to save money, reduce debt, and build wealth. The research-based campaign uses the principles of behavioral economics and social marketing to change behavior. Non‐profit, government, and corporate groups participate in America Saves nationally and through local, regional, and statewide campaigns around the country. America Saves encourages individuals to take the America Saves pledge and organizations to promote savings year-round and during America Saves Week.

Still Have Questions?

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333 Babbitt Road

Euclid, Ohio  44123