1 / 24

Dinero para Todos New Resources for Financial Education in Spanish

Discover strategies for engaging the Latino/Hispanic community and reliable financial education resources in Spanish. Learn to address FAQs specific to Hispanics/Latinos. Explore resource links for financial empowerment and consumer protection.

egreen
Download Presentation

Dinero para Todos New Resources for Financial Education in Spanish

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Dinero para TodosNew Resources for Financial Education in Spanish

  2. What we’ll cover • Strategies for engaging the Latino/Hispanic community • Sources of reliable financial education resources in Spanish • Specific financial education tools

  3. FAQs about Hispanics/Latinos • Make up 17.8% of U.S. population, with 57.5 million people as of July 2916. • Second fastest growing ethnic group in U.S. after Asian Americans • Overall second largest ethnic group in U.S. after non-Hispanic whites • Major places of origin: Mexico, Puerto Rico, Cuba, El Salvador, Dominican Republic, Guatemala, and Columbia

  4. Strategies for engaging the Latino/Hispanic Community • Offer programs in Spanish • Provide meals and child care • Take into account work schedules • Partner with other service providers • Understand and embrace cultural differences

  5. Resources: Bureau of Consumer Financial Protection • Your Money, Your Goals • Nine-module financial empowerment toolkit • https://s3.amazonaws.com/files.consumerfinance.gov/f/documents/bcfp_your-money-goals_a-financial-empowerment-toolkit_es.pdf

  6. Other Bureau resources in Spanish • Car buying • Getting a credit card • Managing debt • Sending money • Payday loans • Paying for college

  7. More Bureau resources • Managing a bank account • Building credit • Explaining money issues to children • Buying a house • Choosing prepaid cards • https://www.consumerfinance.gov/es/obtener-respuestas/

  8. FDIC Money Smart • An 11-module money management course • Modules on banking, loans, consumer rights, savings, credit and debt, rebuilding credit after a calamity • https://www.fdic.gov/consumers/consumer/moneysmartsp/adult.html

  9. Federal Trade Commission • Free booklets to order in Spanish • Talking about scams • Avoiding telemarketing scams • Avoiding scams targeting immigrants • Other fotonovelas on scams • https://www.bulkorder.ftc.gov/es?language=spanish

  10. MyMoney.gov • Clearinghouse of information from govt. agencies • Consumer protection, saving and investing, credit and debt, and more • Link to Spanish page: https://www.mymoney.gov/es/Pages/default.aspx

  11. Consumer Action • 100s of publications and lessons in Spanish • Examples: How to get assistance from FEMA after a disaster, claiming the EITC, freezing your credit report, tax basics for workers in the sharing economy • https://www.consumer-action.org/spanish

  12. NEFE: National Endowment for Financial Education • High School Financial Planning Program available in Spanish: https://www.hsfpp.org/ • Your Spending, Your Savings, Your Future available in Spanish: https://www.smartaboutmoney.org/Portals/0/Resources/Your-Spending-Your-Savings-Your-Future-Tus-gastos-tus-ahorros-tu-futuro.pdf

  13. Resources from Extension • Dollar Works 2 from Minnesota Extension: https://extension.umn.edu/teaching-personal-finance/dollar-works-2-personal-financial-education-program • Dollar Decisions from Idaho Extension: http://www.extension.uidaho.edu/detail.aspx?IDnum=1682&title=Search&category1=Search&category2=NULL

  14. More resources from Extension • NC State: disaster preparedness resources in Spanish: https://moneymatters.ces.ncsu.edu/spanish-language/ • Making Every Dollar Count from CA Extension: https://makingeverydollarcount.ucr.edu/spanish/index.htm

  15. Tools from Arlington VCE • The bean game • Inspired by a tool in Illinois Extension’s All My Money • Participants receive 21 expense cards and 21 beans; work together in teams to make spending choices • Learning objectives: prioritizing needs and wants, importance of planning for emergencies

  16. COMIDA Cocinaren casa, cenarafueraunavez a la semana Almuerzos de comida rápida, cenar afuera una vez por semana Comprar todas las comidas fuera de casa AHORROS Guardar el cambio en una alcancía Ahorre un 5% de los ingresos Ahorre un 10% de los ingresos PRODUCTOS DE LIMPIEZA Comprar en el supermercado o una tienda de descuento Comprar en tiendas de departamento Comprarunanueva aspiradora TRANSPORTACIÓN Caminar o usar una bicicleta Usar el autobús o el metro (hay que vivir en la ciudad) Compartir el viaje con otras personas Comprar un coche usado Comprar un coche nuevo

  17. TARJETA DE OPORTUNIDAD Perder empleo Reducir el ingreso mensual por 7$. *** Si el grupo ha guardado parte de los ingresos (Ahorros), disminuir por 5 TARJETA DE OPORTUNIDAD Perder empleo Reducir el ingreso mensual por 7. *** Si el grupo ha guardado parte de los ingresos (Ahorros), disminuir por 5 . TARJETA DE OPORTUNIDAD Accidente grave. Si cubiertos por un seguro de salud, disminuir por 3. Si no asegurados, disminuir por 8. . TARJETA DE OPORTUNIDAD Accidente grave. Si cubiertos por un seguro de salud, disminuir por 3. Si no asegurados, disminuir por 8. TARJETA DE OPORTUNIDAD Fiesta! Pero no ha guardado para la fiesta. Reducir ingresos este mes por 8 frijoles para viajes adicionales, comida y regalos. TARJETA DE OPORTUNIDAD Recibir un regalo de un familiar. Aumentar por 1 (sólo este mes: No puedes usar los frijoles para requerimientos de largo plazo). TARJETA DE OPORTUNIDAD Mejor amigo se casa. El gasto incluye viaje, vestido de dama y regalo. Reducir ingresos este mes por 6 frijoles. TARJETA DE OPORTUNIDAD Viaje a la playa para el fin del mes. Reducir ingresos mensuales por 5.

  18. Mystery of the Missing Money • Worksheet that helps participants identify items on which they’re spending money regularly that could be eliminated (e.g. soda, fast food, coffee).

  19. Goals and challenges • Worksheet for setting SMART goals • Participants also list steps to reach the goals, challenges, and solutions to the challenges

  20. The importance of saving • Tip sheet about savings as a means to reach goals • Stresses that everyone saving is for everyone • 8 tips for successful saving

  21. Money conversation posters • Post around the room, have people rotate among them and discuss their answers • Helps people think about the emotional and cultural influences on how they spend money

  22. Question examples • ¿Quién maneja las finanzas en su familia? • ¿De qué manera su comunidad religiosa ve el dinero? • ¿Qué quiere que sus hijos aprendan sobre el dinero? • ¿Qué cree que están aprendiendo de usted ahora?

  23. Summary • Partner with local groups to engage the Latino community • Find non-biased Spanish-language resources at govt. and Extension sites • Use the free VCE resources provided today.

More Related