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Each depositor insured to at least $250,000 per insured bank

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Money Smart - A Financial Education Program

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Revised Money Smart Curriculum

Revised Money Smart Curriculum
The FDIC enhanced its Money Smart curriculum as of August of 2010 to incorporate changes in the law and industry practices that have occurred since it was last revised in 2006. 

Frequently asked questions regarding the revisions are answered below.

  • What is an example of some of the changes that were made to the curriculum?  A new 11th module, Financial Recovery, overviews the steps to recover financially and rebuild credit/finances after a financial set-back.  Improvements to other modules include new content on overdraft programs, taxes and insurance, credit scores, credit cards, online-banking, and mortgage disclosures.  The curriculum incorporates recent amendments to the rules pertaining to credit cards (CARD Act and implementing regulations) as well as the new overdraft opt-in rule.
  • Does the new curriculum contain any other new features? Yes. Several instructors who frequently use the curriculum were invited to provide input on the changes at several phases of the project, and some of these instructors also piloted the improved curriculum.  Instructional design experts assisted to ensure that the entire curriculum adheres to sound design principles and is as effective as possible for participants and instructors.  For example:
    • A new layering matrix table appears in the instructor guide for each module to provide a break-down of topics, subtopics, target audience, and activities for the module.  This enables the instructor to select the most appropriate material from the module to meet the audience’s educational needs. 
    • New multiple-choice pre- and post-tests were added to help the participant and instructor focus on the most relevant content and measure knowledge changes.
    • The curriculum includes additional interactive activities and scenarios that are based on real life situations.
    • The Participant take-home guide includes more tools and information that participants can use independently after completing a module..
  • Did the structure of Money Smart change? No. While the visual appearance of the materials has changed, the revised Money Smart curriculum retains its original structure of ten modules. These modules have the same names (and general subject matter) as before. Each module still consists of a Participant's Guide, Instructor's Manual, and overhead slides in PowerPoint and PDF format.
  • How long will it take to teach each module? Instructors are strongly encouraged to assess the educational needs of their audience and present the section(s) of a module that address those needs, as instructors to have flexibility in choosing which module(s) or part(s) of modules to present.  If taught in their entirety, the estimated presentation time for each module ranges between one and two hours. Check It Out and Financial Recovery are the only two modules estimated to take two hours to present; however, it is expected that these modules will generally be taught in two parts.  For example, the first half of the Check it Out module is targeted to those completely unfamiliar with checking accounts, while the second half is targeted to those with some familiarity but seeking to use the checking account more effectively. 
  • Is it necessary to retake a Train the Trainer workshop? No. Instructors do not need to retake the Train the Trainer workshop because of the revisions. Instructors should, however, review and familiarize themselves with the revised curriculum.  The train-the-trainer video will be updated by early 2011.

Last Updated 11/01/2010

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