Financial Education Clearinghouse

Financial Education Blog

Financial education news and updates from the Washington State Department of Financial Institutions.

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New Mortgage Forms - What You Need To Know

New mortgage disclosure rules went into effect that require lenders to provide home buyers two new forms that clearly detail their loan terms. For more than 30 years, Federal law has required lenders to provide two different disclosure forms to consumers applying for a mortgage and two different...

Where to Find Financial Education Resources for the Classroom

Hey teachers - are you looking for free financial education resources that you can use in the classroom? Here are five great resources that you should check out. DFI’s Financial Education Clearinghouse On DFI’s financial education clearinghouse you will find links to resources and curriculum by...

Recap: Budgeting Night at Olympia’s Hands on Children’s Museum

This past Friday, DFI participated in Olympia’s Hands on Children’s Museum free Friday night with a budgeting for your bank activity. Nearly 200 kids developed a budget that allowed them to “buy” one of three piggy banks and decorate it as they see fit. Kids were given $10 play money and worked...

Video: Understanding Capital in Small Businesses

The Washington State Office of Minority and Women’s Business Enterprises (OMWBE) has produced a short video that illustrates how capital works in small business. The video was produced with support from the Washington State Department of Financial Institutions and the Community Bankers of...

Money Games for Kids

With summer vacation starting for many kids, now is a good time to use some of their free time to teach them about money. There are many free games online that can help you teach kids the basics of personal finance. Below are a few designed for kids 5-12. Dollar a Glass Lemonade Stand Run a...

Elder Investment Fraud and Financial Exploitation Prevention Program

This week’s featured resource is North American Securities Administrators Association’s (NASAA) Elder Investment Fraud and Financial Exploitation (EIFFE) Prevention Program. EIFE provides resources and continuing education for medical professionals who provide front-line elder care about how to...

Paying for College

Deciding how to pay for a college is one of the major financial decisions that many people make in their lifetime. There are many options out there, and making wise financial decisions is important. The Consumer Financial Protection Bureau (CFPB) has put together some tools and resources to help...

Spanish Version of Money Smart for Older Adults Now Available

The Federal Deposit Insurance Corporation (FDIC) and Consumer Financial Protection Bureau (CFPB) recently released a Spanish-language version of the Money Smart for Older Adults curriculum. The Spanish-language version is the companion to the English-language program jointly developed last year by...

Washington Governor Signs Bill Incorporating Financial Education into K-12 Standards

On May 8, 2015, Washington Governor Jay Inslee signed into law Substitute Senate Bill 5202, making Washington State one of only 20 other states requiring financial education incorporation into existing K-12 learning requirements. Originally sponsored by Senators Mullet, Fain, Litzow, Billig, Frockt...

Online Calculators That Teach Money Basics

Online calculators are a great tool for financial educators to show how certain financial habits can impact your life. These 5 calculators below are some of our favorites for introducing students to basic personal concepts. Saving for a Goal Calculator Saving for a new MP3 player, a new snow board...