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:

  • A dynamic, vivid user experience
  • Personalized adaptability based on learner interests, test results, and lesson completion
  • Project-based learning (PBL) helps learners mold and modify their financial behaviors
  • Leveraging of best teaching practices including scaffolding, simulation, PBL, micro-eLearning, scenario-based learning, and case studies
  • Interactive videos and peer interaction forum
  • Comprehensive assessment features
  • Gamification elements transferrable to Mozilla OpenBadges and Credly
  • Meets CAG 2.0 standards for accessibility

Assimilation of online money management Styles

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:

Integration of online money management Assets

  • Creating a current and future budget
  • Developing retirement plans
  • Investment strategies
  • Buying a home
  • Obtaining credit reports
  • Getting ready for major purchases
  • Debt payoff or debt avoidance plans
  • Educational decision-making
  • Financial and lifestyle goal-setting

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.

Significant online money management Expertise

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.

Integration of online money management Assets

There are a number of kids money management games online that will suffice for both children and adults alike. The old adage that the problem is not money, rather it is how to spend it, could never be more true than at the present time. With a hyped up culture of consumerism jumping at you from the printed press as well as blaring from electronic media, it takes some discipline and commitment to do it right every time.

The most important concept in money management is distinguishing between needs and wants. The learners must know how to prioritize the former and limit the latter to the periphery of their budgets. The games are crafted in a manner that helps the users to easily make the choices without affecting their own welfare and others.

As the programs are intended to be fun when learning, the lessons stick far better than giving intermittent lectures, especially when the learner is a child. To be certain the games are effectual, look for the age classification before downloading. A program intended to teach money management skills to teens will hardly suffice for an eight year old, for instance.

Teaching with practical money management for kids lessons can help increase the retention rate of a financial literacy program. Judging the impact of most programs, it is easy to see why there is great demand for the NFEC lesson plans. Most programs have learners being presented with a number of memorization style curriculum while the NFEC focuses on real world application (over memorization).

The range of Internet-based financial education tools is decidedly varied. Where these come with the adrenaline charging quality of online games, they are all the more desirable. This is the level of usability and effectiveness that gives the best options of money management games online.

Online Money Management Course for Adults

The Building Your Financial Foundation Online Course was delivers financial literacy for adults who seek to learn basic personal finance topics, build a solid financial foundation, and/or recover from past financial problems.

This adult online money management course covers the essential personal finance lessons that people need to achieve a state of financial wellness. Topics covered in this course include personal financial planning, budgeting, savings plans, investment basics, credit and debt.

Most people have never been taught the core financial literacy lessons they need to succeed in today’s financial world. The Building Your Financial Foundation Learning Center offers tools that give you an understanding of the topics you need to make qualified financial decisions.

The adult learning center features videos, interactive tools, quick tips, comprehensive guides, and testing and motivates participants to take action. While this program aligns with national financial education standards, it remains practical in nature so you can apply the lessons to real-world situations.

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