Financial Education

German American is dedicated to helping individuals, families and businesses achieve greater prosperity and quality of life. We support the communities we serve and believe that when a community thrives, its people prosper.

Through German American's Bank Smart - Financial Education program, we can help strengthen communities by ensuring that individuals have the knowledge and resources they need to make smart financial decisions through every stage of life. By providing educational opportunities that provide a foundation for personal prosperity, together, we can create a framework for life-long learning and economic success.

In partnership with the FDIC, German American Bank offers the Money Smart Curriculum, a comprehensive set of modules that covers financial education topics for students of all ages. Financial Education topics are available for the following age groups:

PreK - 2nd Grade

For PreK - 2nd grade students, German American offers a fun activity workbook and education on the following topics:

  • Counting Coins - Describe the purpose and history of money, explain ways money can be used, and identify, sort, and count coins and bills.
  • Learn to Earn - Identify and explore different jobs, examine sources of income (such as selling lemonade), and explain that money is made by working.
  • Weighing Needs and Wants - Define and prioritize needs vs. wants.
  • Ready. Set. Goal. - Describe goal setting and how it relates to financial decisions.
  • Super Savers - Identify, saving and spending, recognize a bank as a safe place to save, and create a savings jar or piggy bank.
  • Borrowing Bills - Describe borrowing with real-life examples, and illustrate ways to borrow responsibly.

3rd - 5th Grade

For 3rd - 5th grade students, German American offers a fun activity workbook and education on the following topics:

  • Money Matters - Explain the difference between needs and wants, evaluate different choices when making a purchase, discuss implus buying, and explain opportunity cost.
  • Get Set for Goals - Identify and develop ways to set short-term and long-term goals for saving, and explain the importance of setting goals for saving and how things may affect decisions to spend or save money.
  • Make a Plan - Explain the term "budget," create a budget and apply skills to real-world scenarios, and understand the concept of "pay yourself first."
  • Save Your Money - Explain what banks do what what interest is, name benefits of saving money in a bank vs. at home, understand risks and why it's important to save for emergencies.
  • Which Way to Pay? - Explain the concept of cash, credit and debit cards, discuss the consequences of paying back credit past the due date, and discuss identity theft and types of personal information that should never be shared.
  • Get Invested - Explore the basic concepts of investing, including risk and return, analyze the savings outcome of several investment options, and explain the value of long-term financial planning.
  • It's Great to Donate! - Explain the meaning of charitable giving and its rewards, and create a plan to raise money for a charitable cause.
  • Career Choices - Identify and explore different career types, evaluate personal interests, and explain how money is earned and why it is taxed.

6th - 8th Grade

For 6th - 8th grade students, German American offers education on the following topics:

  • The Path to Success - Identify and assess the skills and experience needed for a variety of careers, and examine the impact of education and other opportunities like internships.
  • Bread and Butter - Understand and explain the purpose of federal income and state tax and how it affects personal income.
  • Designing Dreams - Identify and explain needs and wants, and understand the importance of creating financial goals.
  • Being a Savvy Shopper - Consider the role of needs and wants in decision making by evaluating the credibility and motivation of marketing and advertising, distinguish the best value of goods and services, and apply opportunity costs to purchases.
  • Go with the Flow - Explain the purpose and value of budgeting.
  • Super Savers - Understand and explain the importance of saving money.
  • How to Stash Your Cash - Evaluate and differentiate a variety of banking and savings options
  • Money Doesn't Grow on Trees - Understand investment growth, losses, rewards, and risk by developing and tracking a stock portfolio.
  • Give Credit Where Credit is Due - Understand how to build credit and practices that may hurt credit.
  • Protecting Yourself - Create a trifold informative brochure on identity theft and prevention methods.
  • Risky Business - Identify methods to protect oneself from unwanted financial risk.
  • Spend, Save or Give? - Create a balanced budget that takes into consideration spending, saving, and giving.

Young Adults - High School & College Students

For young adults (high school and college students), German American offers education on the following topics:

  • Check It Out - Learn the benefits of a checking account, determine which account is best, how to open an account, add money to and withdraw from a checking account, and reconcile a check register with a bank statement.
  • Setting Financial Goals - Prepare a personal spending plan, and identify ways to decrease spending and increase income.
  • Pay Yourself First - Understand the importance of saving money by identifying saving goals and options to help you reach their goals.
  • Borrowing Basics - Explain the importance of credit and how to use it appropriately, identify the costs associated with a loan, and learn what forms of credit best suit their needs.
  • Charge It Right - Learn the purpose of credit cards and how to use a credit card responsibly.
  • Paying for College and Cars - Understand the difference of consumer loans, specifically student loans and car loans, and how students can determine which loans are best for their needs.
  • A Roof Over Your Head - Identify the differences of renting a home vs. owning a home.

Adults - Ages 23 and above

For adults (age 23 and above), German American offers education on the following topics:

  • Borrowing BasicsExplain the importance of credit and how to use it appropriately, identify the costs associated with a loan, and learn what forms of credit best suit their needs.
  • Check It Out - Learn the benefits of a checking account, determine which account is best, how to open an account, add money to and withdraw from a checking account, and reconcile a check register with a bank statement.
  • Money MattersPrepare a personal spending plan, and identify ways to decrease spending and increase income.
  • Pay Yourself First - Understand the importance of saving money by identifying saving goals and options to help you reach their goals.
  • Keep It Safe - Learn informative tips on identity theft and fraud, and understand advice on how to prepare financially for emergencies.
  • To Your Credit - Learn the importance of building and maintaining a good credit history, how to address credit issues, and how to read a credit report.
  • Charge It RightLearn the purpose of credit cards and how to use a credit card responsibly.
  • Loan to OwnUnderstand the difference of consumer loans, and how students can determine which loans are best for their needs.
  • Your Own Home - Helps determine if participants are ready to become homeowners.
  • Financial Recovery - Helps participants rebuild their financial lives and repair their credit.

These lessons are also available in Spanish.

Older Adults

For older adults, German American offers a financial education class on financial exploitation. This class is designed to provide information and tips to help prevent common frauds, scams, and other types of elder financial exploitation in your community.

Small Business Education

In partnership with the FDIC and Small Business Administration (SBA), German American offers free education classes for Small Businesses on the following topics:

  • Organization Types
  • Time Management
  • Financial Management
  • Risk Management
  • Record Keeping
  • Banking Services
  • Managing Cash Flow
  • Credit Reporting
  • Tax Planning
  • Insurance Options
  • Selling your business/succession planning

 

 

Our local team of financial professionals can teach students of all ages the importance of financial literacy. If you would like to receive literature and/or request a financial professional to teach your class or organization, please call German American's Marketing Department at 800-482-1314.