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Financial Literacy Month

Why the Future of Financial Health Matters to the NFCC Staff

Each year the Center for Financial Services Innovation promotes a Financial Health Matters Day in an effort to raise awareness and dialog with consumers about the importance of financial education. According to CFSI’s Financial Health Pulse, only 28% of Americans are financially healthy. As a CFSI network member, the NFCC has joined in the efforts to raise awareness and work towards a future where all Americans are financially healthy.   …Read More

Eight Ways to Get Your Teen Prepared for a Summer Job

For teenagers, that first summer job is a major gateway to adulthood – and the eye-opening realities that come with every paycheck. Unlike chores and the occasional babysitting or lawn mowing job around the neighborhood, salaried employment gives young people their first real taste of the workplace, and what earning a living may be like. Building money responsibility and financial independence is part of that picture. Parents can help prepare …Read More

Why it Matters if a Credit Counseling Agency is NFCC®Certified

As part of Financial Literacy Month, we are doing a series on what it means to be certified by the National Foundation for Credit Counseling, why it matters, and when you should seek credit counseling. The National Foundation for Credit Counseling® (NFCC®) was founding in 1951. It is the nation’s first and largest nonprofit dedicated to improving people’s financial wellbeing. Membership with the NFCC demonstrates a member’s commitment to provide a …Read More

The Last Word on Financial Literacy Month: National Survey Reveals Small Gains in Savings but More Americans Carrying Credit Card Balances

By Bruce McClary The National Foundation for Credit Counseling (NFCC) and BECU, the nation’s fourth largest not-for-profit credit union, have released the results of the 2016 Financial Literacy Survey. Conducted online in March and April 2016 on their behalf by Harris Poll, the survey includes responses from more than 1,600 U.S. adults ages 18 and over. In its tenth year, the report provides a fresh look at the American consumer’s …Read More

Researchers from The Ohio State University reveal the impact of credit counseling.

Since its launch in 2013, the Sharpen Your Financial Focus (Sharpen) initiative of the National Foundation for Credit Counseling (NFCC) has impacted the lives of more than 60,000 American consumers, helping them identify and resolve immediate financial concerns, gain a deeper understanding of financial literacy and debt management, and move toward long-term financial stability. To measure the extent of its impact, an independent, scientifically based evaluation was conducted by researchers at …Read More

Majority in Survey Ignore Credit Reports, Scores

By Cliff Goldstein If you haven’t checked your credit reports or credit scores in the past 12 months, you’re in the same boat as most people, according to the National Foundation for Credit Counseling’s 2015 Financial Literacy Survey, sponsored by NerdWallet. In the study, which included more than 2,000 U.S. adults, two-thirds of respondents said they hadn’t ordered copies of their credit reports in the past 12 months. That includes 69% of women …Read More

Americans Not Paying Bills on Time — and Why That’s Bad

By Erin El Issa Paying your bills on time can save you money. You’ll avoid late payment fees and penalty interest rates, and also maintain or build good credit, which can help you get approved for favorable loan terms. Yet, many Americans — especially those in their 20s and early 30s — struggle to get their bills paid on time, according to a recent study by the National Foundation for Credit Counseling. Here’s …Read More

Thousands Of Consumers Take The Debt-Free Pledge

NFCC Hosts Campaign Bringing Awareness to Benefits of Debt-free Lifestyle During April, Financial Literacy Month, NFCC Member Agencies collected more than 5,800 pledges from consumers to become debt free. The Take the Debt Free Pledge campaign allowed consumers to make this voluntary commitment as their first step toward embracing a new financial lifestyle. Consumers who took the pledge were issued a certificate as a reminder of their commitment, along with …Read More

Florida Youngster Has Amazing Grasp of Money Skills

The level of financial responsibility demonstrated by Jordan Lane-Palmer, winner of the National Foundation for Credit Counseling’s (NFCC) 2011 National Financial Literacy Poster Contest, could be the envy of many adults. Lane-Palmer, a 9th grade student at A.W. Drewfoos Jr. School of the Arts in West Palm Beach, Florida was one of more than 1,800 students across the nation who submitted posters around the theme of “Be a $uperhero! $ave …Read More

Senate Resolution Recongnizes April as Financial Literacy Month, Mentions NFCC

112th CONGRESS 1st Session S. RES. 121 Designating April 2011 as `Financial Literacy Month’. IN THE SENATE OF THE UNITED STATES March 31, 2011 Mr. AKAKA (for himself, Mr. ENZI, Mr. BARRASSO, Mr. BAUCUS, Mr. BLUNT, Mr. CARDIN, Mr. COCHRAN, Mr. CONRAD, Mr. CRAPO, Mr. DURBIN, Mrs. HAGAN, Mr. INOUYE, Mr. JOHNSON of South Dakota, Mr. KOHL, Mr. LAUTENBERG, Mr. MENENDEZ, Mr. MERKLEY, Mrs. MURRAY, Mr. SANDERS, Mr. SCHUMER, Mr. …Read More