The Financial Empowerment Toolkit for Youth and Young Adults in Foster Care, developed by the Department of Health and Human Services’ Administration on Children, Youth and Families and the Office of Community Services, is designed to provide caseworkers, Independent-Living skills providers, foster parents and other supportive adults with strategies and resources to critically evaluate and improve their ability to promote the financial capabilities of youth in foster care. The toolkit is a compilation of lessons learned, best practices and practical tools, which can be used together or separately. It is aimed at those working with youth under the age of 18 and young adults preparing to transition out of foster care, and the content and tools can be tailored to meet stakeholder needs based on the intended outcomes of their services and the characteristics of the populations they serve.
The toolkit includes the following resources:
- A Financial Empowerment Toolkit for Youth and Young Adults in Foster Care
- Know Your Credit History: How to Interpret a Credit Report
- Get Tax Savvy: What You Need to Know About Taxes
- Creating a Credit Profile: How to Build Your Credit
- Protect Yourself and Your Stuff: What You Need to Know About Insurance