PERSONAL FINANCIAL LITERACY CERTIFICATION

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.

Certification Overview

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.

Industry Standard Objectives

The certification exam consists of 100 questions and assesses knowledge and concepts from the following industry standard areas.

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BUDGETS

Money Personality Identification
Financial Goal Development
Strategies for Meeting Financial Goals
SMART Goal Setting Techniques

13%

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INVESTMENTS & RISK MANAGEMENT

Investment Options
Saving Techniques
Investing Risk & Return Relationships
Retirement & Estate Planning Methods
Risk Management Strategies
Insurance Overview (personal, auto, property, life insurance)

19%

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LOANS

Sources & Types of Credit
Credit Reports & Scores
Borrowing Processes
Education & Training Costs

24%

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BANKING OPTIONS & RECORDS

Types of Financial Service Providers
Products & Services Offered by Financial Institutions
Types of Banking Accounts
Financial Record Maintenance
Financial Statement Interpretation

11%

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TAXES & PAYCHECKS

Tax Types
Tax Liabilities & Related Forms
Tax Returns
Tax Breaks, Deductions, Credits & Exemptions
Employee Compensation & Benefits

22%

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MAJOR PURCHASING DECISIONS

Home-Buying Process
Amortization/Mortgage Payment Structure
Types of Mortgages
Car-Buying Process
Incorporating a Major Purchase into a Budget

11%

About the Center for Financial Responsibility

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.

Employer Certification Verification

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: customersupport@cevmultimedia.com or 1-800-922-9965

Your Contact Information