Financial Literacy

Each family in the Step Program must have one adult family member complete a financial literacy course by the end of the first year of participation. To fulfill this requirement, AHFC provides families with four options. If you need help with any of these steps, you can visit your local AHFC office or call 877-AKGOALS (877-254-6257) toll free for assistance.

Option 1: Complete a Financial Literacy Course

There are many financial literacy and money management courses offered throughout Alaska. Please check the AHFC website or contact AHFC staff to assist you with selecting a course that meets AHFC objectives. The steps to complete this option:

  1. Check the AHFC website to register and complete the monthly online Money $ense class: https://www.ahfc.us/tenants/jumpstart/class-calendar OR
  2. Enroll in and complete another financial literacy/money management course in the community.
  3. Provide AHFC with documentation that you have completed the course: either a certificate of completion or a letter from the organization providing the course with the date of the course, your name, and their signature.

Option 2: FDIC’s Money Smart Program

To complete this option, you will log into Money Smart (an FDIC-sponsored program) and complete three online training modules. The steps to complete this option:

  1. Go to: https://www.fdic.gov/resources/consumers/money-smart/index.html.
  2. Click Learn in the middle of the page.
  3. Under Computer-Based Instruction, Click Enter CBI Online.
  4. Click Register at the top of the page and fill out the information on that screen to receive your user name and password.
  5. Choose Adult (over 21) – NOT Young Adult (age 13-21).
  6. You will now see module choices. Choose one module from each of the Financial Literacy Objectives:
  • Budget: Money Matters OR Financial Recovery (Parts 1 and 2)
  • Banking Skills: Bank On It OR Check It Out
  • Credit: Borrowing Basics OR To Your Credit OR Charge It Right OR Loan to Own Parts 1 and 2 
    (also offered: Keep It Safe; Your Own Home; Pay Yourself First)
  1. After successfully completing each module, print a certificate. You can return to the login page with your user name and password at any time to access the certificates.
  2. Turn in all three certificates to your local AHFC office.

Option 3: Self-Study/Financial Literacy Test

If an adult family member already has strong money management skills, this option is available. The steps to complete this option:

  1. It is strongly suggested that you review the study materials and review the practice questions prior to taking the test.
  2. Complete AHFC’s Financial Literacy Test at https://www.surveymonkey.com/r/5ZMDHPB.
  3. An AHFC representative will contact the family within thirty (30) days with the result. If the family member fails the test, one of the other options may be completed to meet the requirement.

Option 4: Complete One-on-One Financial Counseling through YWCA

This option is for families that need one-on-one financial counseling when a barrier to the above three options is present such as English as a Second Language or no internet connectivity. Hours of availability: 9:00 AM to 5:00 PM. Counseling may take up to 3-5 hours over one or more sessions.

  1. Contact YWCA directly at (907) 644-9600 or by email at dyoung@ywcaak.org. If you are not in Anchorage, please leave a good working telephone number where you can be reached. YWCA will return your call so you will not have a long distance charge.
  2. If your language is not English, please state your language, and you will be provided an interpreter.
  3. Once counseling is completed, your AHFC representative will be notified.