In an effort to teach people to manage their money better, the Bank of America is partnering up with Khan Academy to offer financial literacy education. The partnership between the financial institution and video-based online learning leader will make money seem less complicated and help people put better habits in place.
The Better Money Habits initiative hopes to make things less complicated by "laying out the facts so that people can decide what makes sense for their personal situation." This involves discussing topics people have an interest in and employing simple terminology. The financial literacy education is also a free service that works through objective, unbiased videos and other tools. The goal is to make sure everybody has access to all the information and resources required to have informed discussions and make good choices.