home-page-header-1850x400

The Babson Financial Literacy Project

Filling the financial knowledge gap for young adults

The Babson Financial Literacy Project (BFLP) is a not-for-profit initiative designed to help young adults acquire the necessary financial knowledge and skills for long-term independence and prosperity. An important part of our mission is to fill the financial literacy gap for underserved populations.

Being financially savvy in today’s complicated world is challenging. Most young adults do not receive financial education and are left to their own devices to make financial decisions. Many overspend, take on too much debt, and don’t think about planning for the future. While there is no shortage of online personal finance content, many young adults are not aware of their knowledge gaps or motivated to learn independently. That’s where we come in.

The BFLP prepares young adults to manage their financial futures through engaging, interactive workshops that teach highly relevant financial lessons in a community setting. We provide coaches to lead workshops or train staff at our delivery partners to lead them on their own. Workshops are delivered online or in person, and online learning modules and tools support the program.

Who We Serve

Our program supports young adults through workshops delivered at colleges, community colleges, high schools, non-profits that focus on underserved populations, and companies.

Many college students lack the financial skills necessary to manage their money wisely. They often overspend and mismanage debt such as credit cards and student loans. The BFLP offers a turnkey financial literacy program that helps college students overcome these challenges and become better prepared for their financial futures. In schools from Massachusetts to California, we are helping staff build engaging and interactive programs that teach and motivate students with diverse learning styles. We also help schools achieve and measure impact. 

“Make a budget. The information is vital!”

– Golden West Community College student 

 “I will make sure I pay off my credit card bill in full always!”

– Wellesley College Student 

“Pay close attention to the fees when choosing your bank.”

– Glendale Community College student

Most high school students have limited financial literacy education prior to college. They are on  the cusp of living on their own and making important financial decisions that will impact their futures. The BFLP college-and life-readiness workshops are offered to juniors and seniors so they will be better equipped to manage their financial futures. Our program is available to both public and private high schools. 

The BFLP summer workshop series offers students the opportunity to build financial skills and learn as part of a small group outside of the classroom. The workshops help students avoid common money mistakes such as taking on too much debt and overspending. 

Many non-profits create opportunities to reach young adults who are not in a higher-education community. There are many national and local organizations that provide programming to underserved teens and young adults who would greatly benefit from financial knowledge and skills to build a brighter future. 

“BFLP is great! Their workshops help us understand money topics and make better choices. They are a real asset to our community."

– Elizabeth C., Boston Public Library Reference Librarian 

“I finally understand my credit card bill and can do something about it.”

– City Year Participant 

Financial wellness is a growing focus area for companies. Many understand the link between financial stability and job performance and are turning to financial literacy programs to help employees become responsible borrowers and savers. Forty-five percent of young adults ages 18-29 report that financial stress affects their ability to do their jobs. 

The BFLP offers a customizable program that companies can use with interns and employees to improve productivity for young adults.

What Makes Us Unique

Expert & Unbiased

Seasoned Babson finance professors developed the program which is not affiliated with any financial institution.

Flexible Delivery Model

BFLP workshops are offered in person and online, and we provide trained facilitators or support delivery partners with train-the-trainer resources.

Engaging Format & Content

Case studies and group discussion help young adults develop their financial skills in a community setting. Online modules complement our workshops.

Consultative Approach

We work with our delivery partners to create and support a program that is highly relevant to their target audience.

Workshops

Workshops cover diverse topics that are highly relevant for young adults. Sample workshops include:

  • Tips and Tricks for Managing Your Credit
  • Building a Financial Plan for College
  • Understanding Student Loans
  • Earnings & Your Paycheck
  • Managing Your Money to Build Your Best Life
  • Saving to Build Your Best Life
  • Becoming Money Savvy
  • Investing to Achieve Your Financial Goals
  • Decisions! Decisions! Everything You Need to Know When On-Boarding at Work

Impact

Since our first workshop in November 2018, the BFLP has has led close to 100 workshop with more than 3,000 participants (as of 6/30/21).

BFLP Impact Table

“The BFLP case study on credit cards and credit scores was the best workshop I’ve been to all year!”

– Manager, City Year

"I learned to save money early in life for retirement!"

 – Golden West College student

"I’m going to work on paying off my credit card bill on time."

– West Los Angeles College student

Team

Robin Kahn

Robin Kahn is the Program Director for the Babson Financial Literacy Project. In collaboration with the BFLP’s Faculty Director, she is responsible for program strategy and execution, creating and building strategic relationships with delivery partners, and fundraising. She was formerly Executive Director of FitMoney, a financial literacy nonprofit that brings free K-12 curriculum to schools and served as Senior Vice President of Marketing at Jewish Family & Children’s Service, Vice President of Strategic Programs at Fidelity Investments, and Strategy Consultant at Accenture. She holds a BBA from the University of Michigan and MBA from Columbia Business School.

Jennifer Bethel

Jennifer Bethel is a Professor of Finance at Babson College in Wellesley, MA and the Faculty Director of the BFLP. In collaboration with the BFLP’s Program Director, Dr. Bethel is working to help as many young adults as possible acquire knowledge and skills for long-term financial prosperity. She has presented her research at numerous professional conferences and published her work in both academic and practitioner journals. She served as the Chief Economist for the Division of Corporation Finance at the SEC and later consulted to its Division of Economics and Risk Analysis. Dr. Bethel received her BBA from the University of Texas and a MA in Economics and PhD from the University of California, Los Angeles.

Kathleen Hevert

Kathleen Hevert is an Associate Professor of Finance at Babson College. Dr. Hevert teaches finance courses at the graduate, undergraduate, and executive levels, and was twice selected by the Babson College F.W. Olin Graduate School of Business graduating classes to receive the Thomas Kennedy Award for Teaching Excellence. Her research has been published in finance journals and she advises a variety of companies in a consulting capacity. She received her BSBA from the University of Delaware and her PhD from the University of North Carolina at Chapel Hill.

Stephen Martiros

Stephen Martiros is the founder of Financial Building Blocks, an unbiased, financial education software platform. Previously, he served as the managing partner of CCC Alliance, America’s largest private network of single-family offices. He founded Summitas, a cloud-based software company to provide family offices and investment advisors with a secure portal for client engagement. He earned his BS and MBA from Babson College, where he serves on the College Adviosry Board and is an Entrepreneur in Residence helping to advance the Babson Institute for Family Entrepreneurship and the BFLP.

Connect with Us

Visit linkedin.com   Email us   ​​​