COVID-19 and Your Finances: Where to Find Help
A recent survey from the National Endowment for Financial Education® (NEFE®) finds that nearly nine in 10 (88 percent) Americans say the COVID-19 crisis is causing stress on their personal finances. Smart About Money understands your lives are being affected by this virus in many ways, so we have compiled a list of trusted resources to assist you during this challenging time.
- 211 is a resource offered by the United Way that connects individuals with local services. Find your local 211 or call 211 to speak directly with someone for social service resources specific to your area.
How to Manage Finances During a Crisis:
- The Consumer Financial Protection Bureau (CFPB) is an agency of the U.S. government responsible for informing and safeguarding consumers in the financial sector. The CFPB has put together a list of resources to help protect your finances during the coronavirus pandemic.
- The Global Financial Literacy Excellence Center (GFLEC) works with partners across the globe to advance financial knowledge. GFLEC offers 10 suggestions to manage money in the time of crisis.
- Visa’s Practical Money Skills provides a broad array of educational tools for enhancing money-management abilities. Practical Money Skills gathered a variety of resources to help those in need during the COVID-19 crisis.
- America Saves is a nonprofit organization that encourages Americans to save money, reduce debt, build wealth and create better financial habits. America Saves has compiled helpful information for those in crisis.
Financial Planning and Coaching:
- The Foundation for Financial Planning, is the nation's only nonprofit solely devoted to supporting access to pro bono financial planning.
- The Association for Financial Counseling and Planning Education (AFCPE) is the nationally recognized leader in financial counseling, coaching and education. AFCPE is currently providing free financial coaching.
How to Teach Kids Personal Finance:
- NEFE’s High School Financial Planning Program (HSFPP) is proven effective and makes it easy to empower teens with money management skills. Teachers and parents can order printed booklets or download the free turnkey curriculum.
- Next Gen Personal Finance is a nonprofit organization that partners with teachers to share timely and relevant curricula. All materials are accessible online, so teens can continue learning about personal finance outside of the classroom.
Featured SAM Courses:
[Any reference to a specific company, commercial product, process, or service does not constitute or imply an endorsement or recommendation by the National Endowment for Financial Education.]