
Get the free Money Smart - Toolkit for Helping Youth Select Bank Accounts
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MONEY SMART
Supplement for Instructors/Trainers
Toolkit for Helping Youth
Select Bank Accounts
This supplement to Money Smarts Bank Checklist provides additional
information to help you teach youth
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How to fill out money smart - toolkit

How to fill out money smart - toolkit
01
Start by gathering all necessary financial information, such as income statements, expense records, and savings account balances.
02
Review the different sections of the Money Smart Toolkit, including Budgeting, Saving and Investing, Banking Basics, and Credit Management.
03
Begin by filling out the Budgeting section. This includes listing all sources of income, categorizing expenses, and setting financial goals.
04
Move on to the Saving and Investing section. Here, provide information on current savings accounts, investment portfolios, and any financial goals related to saving and investing.
05
Complete the Banking Basics section by inputting details about current bank accounts, debit or credit card information, and any financial institutions you have relationships with.
06
Lastly, fill out the Credit Management section. This involves listing any outstanding loans, credit card balances, and credit scores.
07
Once all sections are completed, review the entire toolkit to ensure accuracy and completeness.
08
Make any necessary adjustments or amendments, if required.
09
Store the filled-out Money Smart Toolkit in a safe and accessible location for future reference.
Who needs money smart - toolkit?
01
The Money Smart Toolkit can be useful for various individuals and households, including:
02
- Individuals looking to improve their financial literacy and money management skills
03
- People who want to create or update their budget and track their expenses
04
- Individuals interested in understanding and improving their credit score
05
- Families and individuals who want to save and invest wisely
06
- Students or young adults who are starting to handle their finances independently
07
- Anyone who wants to gain a better understanding of basic banking principles and tools
08
- Small business owners or entrepreneurs who need guidance in managing their business finances
09
- Individuals who want to set financial goals and create a plan to achieve them
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What is money smart - toolkit?
Money Smart - Toolkit is a financial education program developed by the FDIC to help individuals enhance their financial skills and create positive banking relationships.
Who is required to file money smart - toolkit?
Financial institutions and organizations providing financial education programs are required to file Money Smart - Toolkit.
How to fill out money smart - toolkit?
Money Smart - Toolkit can be filled out online through the FDIC website or by hand using the printable forms provided.
What is the purpose of money smart - toolkit?
The purpose of Money Smart - Toolkit is to promote financial literacy and empower individuals to make informed financial decisions.
What information must be reported on money smart - toolkit?
Financial institutions must report on the number of individuals served, types of financial education provided, and outcomes of the programs.
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