CFR

Center for Financial Responsibility Personal Financial Literacy Certification
Preparation Materials

iCEV offers optional study materials designed to prepare individuals for the Personal Financial Literacy Certification exam. The preparation materials consist of a playlist, which includes a combination of video and PowerPoint® lessons created in collaboration with our industry partners to teach and reinforce the industry standards tested for by the certification. Explore the preparation materials below.


Personal Financial Literacy Certification

The Center for Financial Responsibility Personal Financial Literacy Certification verifies individuals possess the ability to successfully navigate vital monetary decisions which affect both their personal and professional lives.

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Example Preparation Materials

Home-Buying Basics

Homeownership is a major life decision, and buying a house can be an overwhelming process to those who are unfamiliar with it. This presentation provides students a step-by-step guide to homeownership. The benefits and drawbacks of homeownership are compared to those of renting and factors to consider when making the decision to purchase a home are discussed. In addition, the processes involved in the purchase are examined, including hiring a lender and agent, getting pre-approved, house hunting, making an offer and closing.

 
 

Accompanying Resources (Education Access Only)

Car-Buying Basics

Buying a car can be an overwhelming process to those who are unfamiliar with it. This presentation provides students a step-by-step guide to car buying. Topics discussed include: types of vehicles, transportation needs to consider, how to calculate a budget, sources of valuable vehicle information, how to examine and test-drive a vehicle and strategies for negotiation. In addition, leasing is explained as well as advantages and disadvantages of leasing versus buying are described.

 
 

Accompanying Resources (Education Access Only)

Creating a Personal Budget

Budgeting is the process of creating a plan to spend money. It allows people to determine, in advance, whether they will have enough money for their needs and wants. This presentation teaches students to identify current financial situation; investigate individual’s money personalities; develop short-, medium and long-term goals; separate need from wants and examine budgets which incorporates their financial goals.

Center for Financial Responsibility Personal
Financial Literacy Certification
Preparation Materials Course Playlist

Creating a Personal Budget

Creating a Family Budget

Borrowing Basics

Saving & Investment Strategies

Financial Statements & Recordkeeping

Understanding Personal Taxes

Banking Products & Services

Cost of Education & Training

Employee Compensation Components

Personal Financial Planning

Personal Risk Management

Retirement & Estate Planning

Home-Buying Basics: Understanding the Language

Home-Buying Basics

Car-Buying Basics