What is Financial Literacy?
Financial literacy is the possession of the set of skills and knowledge that allows an individual to make informed and effective decisions with all of their financial resources. Why is financial literacy important? Financial literacy is important because it equips us with the knowledge and skills we need to manage money effectively. Without it, our financial decisions and the actions we take—or don't take—lack a solid foundation for success.
Our goal at Colony Bank is to help both kids and adults have the proper tools to be able to save money, distinguish the difference between wants and needs, manage a budget, pay their bills, buy a home, pay for college, and plan for retirement. Check out our workbooks, activity sheets, interactive games, virtual field trips and more below to learn with your student!