The federal government’s Financial Literacy and Education Commission has redesigned its financial literacy education Web site, www.MyMoney.gov, adding new calculators and checklists to help families with college savings plans, along with other features.

Neal Wolin

The new site has enhanced interactive features and utilities to provide more resources to Americans seeking information that can inform their personal financial decisions. President Obama recently proclaimed April National Financial Literacy Month, and the enhanced online offering is one step the administration is taking to expand financial education and access.

The new MyMoney.gov creates an online point of access to financial information from the 21 federal agencies, departments and bureaus that comprise the FLEC. Users will be able to find information about how to plan for various life events that have financial implications, such as the birth or adoption of a child, home ownership, or retirement. They can also find information targeted to their personal or professional situation. For example, the site includes resources for teachers, service members, women, parents, youth, employers and more. 

In addition, the site provides money management tools, including a financial savings calculator, worksheets for establishing a household budget, and a college preparation checklist, among others. The site is also available in Spanish.

“As America recovers from the most severe financial crisis since the Great Depression, it’s critical that we strengthen every aspect of our financial system,” said Treasury Deputy Secretary Neal Wolin in a statement. “That means not only strong reforms and consumer protections, but also improved financial literacy and access.”