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Basic Financial Education

Community Mentorship for Financial Capability

The Community Mentorship for Financial Capability program began in 2005 to build and strengthen financial education services in communities across Minnesota. The program uses a “train-the-trainer” model that teams Extension educators, who are experienced financial capability educators, with community-based agencies in their areas.

The educators serve as mentors to the community agencies, helping them develop content expertise and skills in educational program delivery in financial capability. Educators help plan, market, deliver, and evaluate the agencies’ community workshops. Since 2005, the program has served over 2,000 low-income clients from 80 agencies throughout Minnesota.

How It Works

Professional development for community educators. Representatives from community organizations participate in a two-day workshop with their identified Extension educator mentors. This workshop provides training in economics-based financial capability curriculum, workshop planning and evaluation, special issues in teaching adult learners, and cultural considerations in working with diverse populations. Trainers include faculty from Minnesota Council for Economic Education (MCEE) and University of Minnesota Extension.

Co-teaching and mentoring for community educators with mini-grant support. After the two-day workshop, the community educators then collaborate with their educator mentors to develop a financial education program for their clients. Emphasis is placed on designing programs that motivate participants and help build individual confidence in managing one's personal finances.

MCEE provides mini-grants to the community organizations to help them implement their financial education programs.

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