Financial Literacy Educational Program for New Refugees in the US
International Foundation for World Freedom
The new Financial Literacy for New Refugees course helps newcomers learn the U.S. economic system and will give the tools necessary to budget, save money, and develop good credit. The course resources will be provided in basic English and is translated to the official languages of the United Nations to ensure comprehension. The course will be accessible online, and students will learn upfront where they can access course materials for free.
The course covers many important topics, including budgeting, opening a bank account, electronic transactions, understanding credit and maintaining good credit, filing taxes, and savings. Each lesson has practical goals that students will meet as they progress through the course. For instance, an outcome of the budgeting lesson is that students will be able to prepare their own budget for their monthly income and expenses. Our goal is at the conclusion of the course, students will have an enhanced understanding of their own financial situation in the context of living in the United States, and students will be equipped to responsibly handle their personal finances. This will set them up for success in many other interdisciplinary aspects of life.