#7337 The Financial Literacy Inventory (FLI), now in its second edition, is designed to measure a person’s basic knowledge of money management and personal finance. It includes updated content and sources.
The 60-item assessment feeds into five scales:
- Income and Careers
- Banking and Budgeting
- Credit and Debt
- Saving and Investing
- Rights and Risks
The FLI helps individuals determine how much they know about effectively managing their money, giving them individualized scores on each of the scales as well as an overall assessment of their financial literacy.
It then offers guidance on how to improve the individual’s financial literacy and manage their money better through specific suggestions and online resources. This edition includes updated websites that provide additional information for users.
Finally, the FLI provides a personal finance checklist and goal-setting worksheet for individuals to better plan their financial futures.
The FLI gives test takers a benchmark to motivate them to revise their spending habits and learn more about their financial options. It also gives counselors, coaches, and other professionals the chance to step in and alleviate key financial hurdles that will stand in the way of their client’s success.
Self-scoring and self-interpreting, the FLI takes approximately 20 minutes to complete. © 2017. $62.95 for a package of 25. SPECIAL: 10 packages for $599.50.
NOTE: This inventory is based on the national standards created by the JumpStart Coalition for Personal Financial Literacy, the Institute for Adult Financial Literacy, the FDIC’s Money Smart program, and the Indiana Financial Literacy Education standards for high school seniors.
To download an Administrator’s Guide, click here.
For additional assessment tools, inventories, and instruments, click here.