Online Money Management
The National Financial Educators Council has developed a proprietary online money management program – eVolve – that represents best practices in digital learning. This eLearning platform creates a dynamic and authentic learning system that makes studying how to build a solid financial foundation inspirational and enjoyable.
The best personal finance course for online learning is founded on constructivist theory, meaning students construct their own learning process through hands-on practice and individual reflection. Thus in eVolve the learning centers around the learner, using appropriate scaffolding to tailor the lessons and practical application to bring the knowledge into real-world focus. The NFEC’s online money management instruction is the most comprehensive and most closely aligned with research-based educational principles available today.
How eVolve Meets the Best Online Money Management Standards
The eVolve platform and its accompanying Learning Management System are flexible, robust, and evidence-based, as proposed in this document showing best practices for online learning. Learners can participate in a variety of activities – both synchronous and asynchronous – with multiple options to accommodate different learning styles and needs. That way, the content is set up for maximum assimilation and utilization. eVolve includes:
Financial Life Guide for Online Money Management
In addition to top-grade education, eVolve offers practical applicability to real-world situations, which helps students build a strong foundation for their personal finances. One of these activities involves completing the Financial Life Guide, a personal financial planning guide that takes learners through building out their full financial plans.
This Financial Life Guide is one of the best online money management tools available because it is comprehensive across a person’s life cycle. The eVolve financial literacy online course platform moves students from creating budgets and retirement plans, through checking their credit scores and developing debt payoff strategies. The Life Guide has participants complete personalized financial plans with ongoing educational tips that will inspire them into positive money management action through every key life stage. The Financial Life Guide covers:
Flexibility Characterizes Best Online Money Management Options
In addition, eVolve incorporates pacing and delivery options that make financial education online flexible and customizable. The coursework can be time-released with notifications set as each lesson becomes available. eVolve can accommodate self-directed study with built-in features to hold learners accountable for completing each section. The platform also allows instructor-led teaching, with live in-person presentation resources and tests. Blended and flipped learning modes also are possible.
In terms of pacing, eVolve enables financial literacy coursework to be released based on time, student progress, or adaptive pathways. Learning can be based on scheduling preferences; or the platform can trigger new lessons as students successfully complete benchmarks. Finally, pacing can be adapted based on students’ needs – if they find a certain lesson challenging, they can be redirected to a review session.
Learning Management System Supports Best Online Money Management Courses
The NFEC’s online money management platform, eVolve, also leverages a proprietary Learning Management System (LMS) that is both robust and flexible. The combination of pacing options, reporting tools, gamification, and adaptability bring the lessons home for maximum assimilation and implementation. The practical nature of the coursework is illustrated in the Financial Life Guide, which offers students a unique tool to organize and develop their full lifetime financial plans.
Program facilitators can select from three options for pacing the coursework: self-directed, timeline-based, or testing-based. The LMS and Financial Life Guide also incorporate adaptive pathing, where students can personalize their learning based on their individual interests, lessons taken, and testing results.