SOFEI Insights™

Understanding the influences that shape our financial behaviors is crucial for achieving long-term economic well-being. Our personal experiences, observations, and messages we receive contribute to our financial habits and behaviors. By examining these influences, we can gain valuable insights into our spending, saving, investing, and the financial stress we may experience. Uncovering Your Personal Money Narrative Recognizing your "money story" is vital to sustainable economic change. Before diving into budgeting tools or investment strategies, identifying and defining our relationship with finances lays the foundation for effective financial management and growth. The FDIC's Money Smart Program: A Transformational Tool The Federal Deposit Insurance Corporation's (FDIC) Money Smart program offers an interactive module titled " Your Money Values and Influences " that assists participants in: Identifying the people and experiences that have shaped their...

In April 2024 (Financial Literacy Month) The SOFEI Group hosted an InfuseHer Economic Forum under the theme Normalizing the Conversation of Women and Money . The outcome? It was a powerful, transformative experience for women attendees. Here’s what made this event unforgettable: Meaningful Connections: Attendees received advice from certified financial planners who reflected their ethnicity, fostering trust to connect and start their journey to financial wellness, wealth, and stability. Pathways to Independence: Women took actionable steps toward achieving economic stability and independence, proving the power of representation and support when they sought the service from one of our panelists - a certified financial planner. Financial Literacy Growth: Participants completed our Money Smart program, gaining essential skills and boosting their financial confidence. We’re thrilled to witness the resilience and determination of every woman who joined us. The InfuseHer Economic...

April is National Financial Literacy Month - a time to celebrate and raise awareness about the importance of financial literacy and encourage people to develop smart money management habits. Recent surveys revealed many adults lack basic financial knowledge (e.g., budgeting and saving to understanding credit and investing) which leads to financial challenges. But there's good news! As an Alliance Member with The Federal Deposit Insurance Corporation (FDIC), The SOFEI Group contributes to delivering (i.e., training and teaching) Money Smart - a comprehensive program for consumers and small businesses. Money Smart offers free, high-quality financial education materials for people of all ages and backgrounds. Whether you're a seasoned investor or just starting your financial journey, Money Smart has something for everyone, and here's how to make the most of it during National Financial Literacy Month: Explore Interactive Modules: Dive into a treasure trove of interac...