Cygnet Institute has achieved ISO 9001 Quality Management Systems certification (QMS) from NSF International Strategic Registrations (NSF-ISR) for the design and provision of financial skills education. The standard, built on principles like strong customer focus and continual improvement, demonstrates Cygnet's commitment to delivering consistent, quality products and services.
Cygnet Institute has been designated by CEFEX, the Centre for Fiduciary Excellence as a nonprofit Investment Support Services (ISS) provider for plan sponsors and plan participants to educate adults in economic matters, advance their financial literacy and enhance their ability to make good financial decisions in self-directed retirement plans and non-retirement accounts. For more information click the seal or go to www.CEFEX.org.
Schools and Adult Education
The way people manage their current spending habits dictates the spending habits they will be forced to adopt in the future. The portion of their current earnings that gets set aside for the future will determine how much money they will have to live on when they grow old and stop working.
Trying to figure how much to save for retirement is not an easy task. For most people trying to work out the right formula is difficult. Our human brains don’t do a good job dealing with life 10 or 20 years out. Our behavior is almost entirely focused on life in the present and the companies who sell products and services have figured out how to trigger our biases to spend money on something we’ve become convinced we need now. We have all heard the credit card commercial: “Don’t leave home without it.” We easily convince ourselves that we’ll take care of dealing with the need to pay in the future, later.
It’s not surprising that the 2019 Retirement Study from GoBankingRates.com found that 64 percent of American workers are expected to retire with less than $10,000 in their retirement savings accounts!
Even worse, research from the National Institute on Retirement Security found that 66 percent of millennials do not have any money put away for their golden years.
Cygnet Institute has addressed this issue with an 8-week, multifaceted, interactive workshop targeted to parents of elementary school children. We have named it the Personal Financial Management ● Ziplock & Pizza BUDGETING Workshop.
Learn more about the workshop premise and activities.
Take a look at a sample event flyer.
Help Expand Financial Literacy
We're a non-profit with a mission dedicated to helping to teach people how to make good financial decisions. Your donation will help us expand our FREE financial literacy education programs to more public libraries in Michigan.
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