Nurturing Economic Empowerment Through Financial Education Across Minnesota

The Minnesota Financial Educators Council’s mission is rooted in providing people with the knowledge and guidance they need to foster greater financial well-being.

To this end, we provide complimentary resources, advocacy campaigns, and local personal support to build scalable financial wellness initiatives throughout Minnesota.

Strengthening Minnesota with Sustainable Economic Empowerment Programming

The mission of the Minnesota Financial Educators Council℠ is to build sustainable, scalable economic empowerment programs that have a real impact on people’s lives at the community level. To accomplishing this mission, we focus on these 3 Pillars:

Pillar 1: Increase Access & Develop Sustainable Financial Education Programming.

Organizations – We provide resources, training, personnel, and support to build scalable financial wellness programming.

Individuals & Families – Resources and courses are provided for those seeking to improve their own finances and/or teach their kids about money.

Pillar 2: Raise Awareness for Economic Empowerment through Financial Education.

Advocacy Promotion Campaigns – We promote the adoption of financial literacy into schools, getting families involved in teaching kids about money, and encouraging individuals to improve their knowledge.

Local Financial Education Data – Conducting and curating Minnesota-specific personal finance research to share with stakeholders across the education and media sectors.

Pillar 3: Develop Relationships to Deploy and Sustain Community Financial Wellness.

Combat Financial Illiteracy – This is a crucial moment for our country and its citizens. And financial literacy is the key to addressing one of this country’s top crises.

Grassroots Movement – Join us in the movement to help our community work toward greater financial independence and security. We welcome everyone. Here are a few ways you can join.

Join The Movement

Beneficiaries
Receivers of resources & support.

Supporters
Promote the campaign across the community.

Join Advisory Board
Community leaders of local & state chapters.

Why We Are Uniquely Positioned to Serve

The Minnesota Financial Educators Council℠ is a state chapter of the National Financial Educators Council®. The National Chapter is well-qualified to support our initiatives here across the state of Minnesota – they bring:

Accreditation

As an IACET Accredited Provider, the NFEC offers IACET CEUs for its learning events that comply with the ANSI/IACET Continuing Education and Training Standard.

Social Impact

As a Certified B Corporation, the NFEC meets the highest standards for socially responsible commerce, using the power of business to build more sustainable economies.

Standards

The NFEC set industry standards for the financial education and financial coaching industry.

NFEC Financial Literacy Standard Alignment Verified

Our Local Champions Across Minnesota Make this Possible

Local champions ensure that financial education programming, resources and data are provided complimentary to individuals and organizations throughout Minnesota.

Minnesota Financial Literacy

All across the North Star State, the Minnesota financial literacy drive is working to help individuals and organizations by giving them access to materials and information related to personal finances. The Minnesota Financial Educators Council℠ provides the impetus behind this push to increase Minnesota financial literacy rates. The Minnesota financial literacy work is part of a nationwide effort to provide resources that will allow people and communities to build stronger financial capabilities.

Complimentary Financial Literacy Resources

Financial Education Framework and Standards

Personal Finance eLearning Center

Live Presentation Materials

Financial Literacy Testing

Minnesota Financial Literacy Legislation & Educational Stats

As of 2015 Minnesota’s pupil-to-teacher ratio sits just below the national average at 15.39 (vs. 16.06). Minnesota has more than the national average of total schools (2,510 vs. 1,972), but slightly fewer total students (857,235 vs. 986,521) and total teachers (55,689 vs. 61,418). These data were drawn from the state profile created by the Common Core of Data, a program of the Department of Education’s National Center for Education Statistics.

In its 89th Legislative Session (2015-16), Minnesota policymakers considered H.F. 422, which would incorporate financial education (including budgeting, debt reduction, asset-specific training, and financial stability) into the state’s family assets for independence program. Three other bills were introduced that incorporated elements of financial literacy into grant, housing, and motor vehicle legislation.

Minnesota Financial Capability Stats

67%

Average Score of 67.24% to Date

60%

Percentage of Passing [70%] Scores to Date

0
Participants

National Financial Capability Stats

64%

Average Score of 64.26% to Date

49%

Percentage of Passing [70%] Scores to Date

0
Participants

About the Minnesota Financial Educators Council℠

The Minnesota Financial Educators Council℠ conducts this financial literacy initiative which began in 2017 as one element of a wider-ranging project led by the National Financial Educators Council® (NFEC®). These two organizations collaborate on community-level campaigns to achieve shared objectives for spreading financial literacy.

National Financial Educators Council, State Financial Literacy Standards
National Financial Educators Council, State Chapters