Available to Idaho schools as financial literacy instruction is mandated in Idaho.
Idaho, you ought to know that Money Vehicle aligns with state financial literacy standards, and is now available!
Money Vehicle, a leading financial education platform, announces its commitment to align with Idaho’s educational initiative aimed at enhancing financial literacy in public high schools. The move comes in conjunction with the advancement of House Bill 92, which proposes mandatory financial literacy courses for all public high school students in Idaho.
Money Vehicle’s core tenets include the following:
- Setting monthly and yearly Personal Finance Goals
- Quantifying how much their individual plan can put toward the future
- Setting up a Cash Management system
- Opening foundational bank accounts
- Starting credit history with a credit card
- Identifying a first investment through Index Funds
- Diagnosing ways to confirm coverage and lower your insurance costs
- Implement proactive ways to prevent cyber-attacks
- Synthesize the transaction from Gross to Net income and quantify Federal Income Tax liability
- Open a Roth IRA
House Bill 92, which recently received unanimous approval from the House Education Committee, aims to equip students with essential financial skills. The bill mandates that all districts and public charter schools serving grades 9-12 offer at least one financial literacy class. Students will delve into topics such as bank accounts, investment, credit and loans, insurance, the tax system, budgeting, and other critical financial skills.
Idaho’s financial literacy rules for schools
To facilitate seamless integration into existing curricula, the bill proposes a baseline financial literacy credit that can be incorporated into economics courses. Districts have the autonomy to choose between a standalone financial literacy course or a series of courses.
State Superintendent Debbie Critchfield, a key collaborator on the legislation, emphasized the importance of providing students with the skills for fiscal responsibility. Critchfield plans to introduce a rule before the State Board to establish financial literacy as a graduation requirement in addition to the mandatory high school credit.
Dale Layne, representing the Idaho Rural Schools Association and the Idaho Association of School Administrators, also expressed support for the bill, highlighting the critical nature of the skills outlined in the proposed legislation.
As House Bill 92 progresses to school districts, Money Vehicle remains committed to supporting schools, teachers, and students in implementing effective financial education programs. The company recognizes the impact of financial literacy on students’ future success and is dedicated to playing a role in the realization of this important educational initiative.
Be sure to grab a copy of “Your Money Vehicle: Financial Literacy for Beginners,” written by Money Vehicle’s Founder and CEO, Jedidiah Collins! And if youlike what you see, you can get more content sent directly to your inbox! Sign up for the Money Vehicle Movement Newsletter!
And check out our white paper: “Strategies for Increasing Financial Literacy Rates Among High School and College Students”
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