Foundation for Family Financial Education (F3E)

We are committed to ensuring that financial education experiences are available to young people that give them the tools, structures and skills to live productive lives of financial independence.

Financial literacy education is not currently a mandatory component of elementary and middle school curriculums, which is where the important lessons of money fundamentals are most effectively communicated.  While programs exist that provide financial education as an extra-curricular activity, many families in Central Texas with school-aged children are in the low-moderate income category and do not have the ability to pay for these programs.

We believe people must start young to develop habits of making wise choices with their money, instilling positive habits that will continue to serve them into their adult lives.  

What is the need for financial education programs?

Financial Illiteracy Destroys Lives 

• The number of 18 to 24-year-olds declaring bankruptcy has increased 96% in 10 years.

• In 2002, more people filed for bankruptcy than graduated from college.

• People in the 18 to 24 age bracket spend nearly 30% of their monthly income just on debt repayment - double the percentage spent in 1992 (10% of net income is a recommended amount for debt obligation.

• 40% of Americans say they live beyond their means.

• 45% of college students are in credit card debt, the average credit card debt being more than $3,000.

The Foundation for Family Financial Education provides scholarships to low-moderate income schools so that they can make financial education available to each and every young person, regardless of their ability to pay.   In 2009, the foundation will scholarship 300 students into the Club and Camp programs.

"The importance of basic financial skills underscores the need to begin the learning process as early as possible. Indeed, improving basic financial education at the elementary and secondary school level will provide a foundation of financial literacy that can help prevent younger people from making poor decisions that can take years to overcome.”
              Remarks by Chairman Alan Greenspan At the JumpStart Coalition's Annual Meeting, Washington, D.C., April 3, 2003

Contact us today to learn more about how you can help: 

Foundation for Family Financial Education (F3E)
The Money Academy
(512) 443-8851
info@TheMoneyAcademy.Net