You heard correctly! Money Vehicle’s virtual financial literacy course aligns with the new educational standards recently introduced by the state of Alabama.
This alignment follows the enactment of HB I64 into law, requiring financial literacy instruction for all public school students in Alabama.
That bill, signed by Gov. Kay Ivey, will require students to complete an updated financial literacy and money management course before they graduate high school. Money Vehicle’s course adheres to these Alabama standards, offering a comprehensive solution for students, educators, and school districts. Sponsored by Rep. Andy Whitt and co-sponsored by a bipartisan group of lawmakers, HB 164 mandates that Alabama public school students must complete a course in personal financial literacy and money management, passing a standardized assessment before graduating from high school.
Money Vehicle focuses its financial literacy curriculum on a series of modules to align to Alabama’s standards.
- Goal-setting
- Time value of money
- Cash management
- Bank accounts
- Credit cards
- Investing
- Insurance
- Cybersecurity
- Taxes
- Investment accounts
Alabama: Financial Literacy Standards
The bill recognizes the importance of financial literacy as an essential life skill, covering topics such as calculating salaries, applying for loans, and planning for retirement. As Rep. Whitt told the Alabama Daily News, “What people don’t understand is that these are not just math skills; they are life skills. Basic financial literacy skills like calculating your salary, applying for loans, and saving money for retirement are essential for survival in the modern world.”
The legislation acknowledges that financial literacy skills are no longer universally taught at home, making it necessary to formalize this education within the school system. Waiting until adulthood to assess whether students possess these critical skills is often too late.
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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