April 6, NJ Department of the Treasury Launches “NJ FinLit”
- April 06 2022
- By: info@njcfe.org
- 0 Comment
NJ Department of the Treasury Launches
“NJ FinLit”
https://njfinlit.enrich.org/
April 6, 2022
As part of National Financial Literacy Month, Governor Phil Murphy announced during CNBC’s Invest in You: Ready. Set. Grow. event today that the New Jersey Department of the Treasury has launched NJ FinLit, a free financial wellness platform for all adult state residents, this afternoon.
“Understanding money, building credit, saving for a home or retirement – these are life-long lessons that persist well after we leave the classroom,” said Governor Phil Murphy. “That’s why I’m grateful that Treasurer Liz Muoio and her team are committed to providing every adult across our State with access to free financial wellness education through NJ FinLit. New Jersey was a leader in getting personal financial literacy into our K-12 curriculum, but this new platform will close the circle to ensure every resident has the tools they need to take control of their financial future.”
“The shock of the COVID-19 pandemic – both social and financial – laid bare the fact that New Jersey families most affected by the economic downturn were the ones with the fewest resources to cope with financial instability,” said State Treasurer Elizabeth Maher Muoio. “Our goal in launching NJ FinLit is to provide New Jerseyans with tools to help them better prepare for and meet future financial challenges. It is our hope that this free educational resource, which can be personalized by New Jerseyans at all stages of life, regardless of income, and translated into multiple languages, will both help our residents strengthen their financial resiliency and enable them to reach their long term goals.”
The launch of the new platform – powered by Enrich™ and developed by San Diego-based financial education company iGrad – coincides with the start of National Financial Literacy Month and will help raise awareness of the importance of financial wellness and education.
Treasury’s personalized NJ FinLit financial wellness platform features dynamic tools and courses, delivering a highly personalized and interactive learning experience, including the Your Money PersonalityTM financial behavior assessment, which analyzes each user’s financial “personality.” The site is compatible with Google Translate to provide information in multiple languages.
The platform also provides:
- Financial education courses with personalized action plans on topics including budgeting, mortgages, health care, college savings, student loan repayment, banking, credit, financial planning, long-term care, and more;
- Retirement and home affordability analyzers;
- A suite of student loan and higher education tools; and
- Personal finance calculators and a real-time budget tool.
