The Center for Financial Responsibility Personal Financial Literacy Certification was developed to address the need to prepare students for vital monetary decisions that will affect them for the rest of their lives.
The certification addresses industry valued and accepted standards produced by the Center for Financial Responsibility, and the certification serves as a validation of knowledge and skills pertaining to credit cards, loans, retirement, investments and mortgages. Those who earn the certification are more qualified and prepared to make informed financial choices, perform better in the workplace and achieve long-term financial success, no matter what job they choose. Additionally, the certification allows employers to connect with more skilled candidates.
The certification exam consists of 100 questions and assesses knowledge and concepts from the following industry standard areas.
Money Personality Identification
Financial Goal Development
Strategies for Meeting Financial Goals
SMART Goal Setting Techniques
INVESTMENTS & RISK MANAGEMENT
Investing Risk & Return Relationships
Retirement & Estate Planning Methods
Risk Management Strategies
Insurance Overview (personal, auto, property, life insurance)
Sources & Types of Credit
Credit Reports & Scores
Education & Training Costs
BANKING OPTIONS & RECORDS
Types of Financial Service Providers
Products & Services Offered by Financial Institutions
Types of Banking Accounts
Financial Record Maintenance
Financial Statement Interpretation
TAXES & PAYCHECKS
Tax Liabilities & Related Forms
Tax Breaks, Deductions, Credits & Exemptions
Employee Compensation & Benefits
MAJOR PURCHASING DECISIONS
Amortization/Mortgage Payment Structure
Types of Mortgages
Incorporating a Major Purchase into a Budget
The Center for Financial Responsibility is committed to enhancing the financial wellbeing of both individuals and families. The Center advances these causes by supporting multiple initiatives such as supporting research surrounding important policy issues in the financial planning industry and hosting outreach programs to enhance the financial well-being of individuals and families. For more information, visit http://www.depts.ttu.edu/hs/pfp/cfr.
If you are an employer looking to verify a potential applicant's credentials, please fill out the form to the right. We will contact you with the status of the certification number you provide.
If you do not have a certification number, please contact our customer support team to verify your candidate at: email@example.com or 1-800-922-9965