Financial Education Resource Provider, Industry Advocate & Thought Leader

The National Financial Educators Council (NFEC) is creating a world where people are informed to make qualified financial decisions that improve their lives. We provide financial education resources, promote advocacy campaigns, and help organizations build sustainable financial education programs.

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Who We Serve

Students attending a Financial Education Program

Academia

Financial literacy education for financial professionals

Private Sector

National Financial Educators Council instructor

Nonprofits, Foundations & NGO’s

Personal finance education at nonprofit organization

Entrepreneurs, Philanthropists & Advocates

Government Personal Financial Education

Government

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Community & Faith-based Organizations

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Scope of Financial Education Services Provided

From single solutions to comprehensive financial literacy campaigns, the NFEC provides services and resources that promote financial literacy. Our solutions support your financial education initiative by reducing the time, cost, and personnel required to establish a successful and sustainable financial literacy program.

The NFEC takes a holistic approach to promoting financial wellness and provides a wide range of services in the financial education space. From financial literacy resources and professional development training to full-scale financial literacy campaigns, the NFEC supports all organizations with an interest in promoting financial literacy.

Certified Financial Education Instructor Graduates

Personal & Professional Development

Kids learning about money

Financial Education Resources & Programming Options

Adult Money Management Course

Awareness Promotions & Sustainability Models

Financial education consultant

Program Development & Consultation

Federal Reserve Financial Education Program Case Study

Campaign Philosophy

The NFEC’s campaign philosophy was developed based on the National Financial Capability Strategy, a report that compiled the overall strategies identified by 47 agencies to guide nationwide financial literacy promotion. Three common themes emerged that might usefully underpin national standards for promoting financial literacy: education, awareness, and sustainability.

The term “campaign approach” was coined by the NFEC to describe model programs that focus on these three components. The campaign approach engages target communities in the financial education process to present a far-reaching, appealing, sustainable program. Such initiatives are designed to be fun, engaging, and motivating – inspiring participants of all ages to take positive action. Taking the campaign approach maximizes program outreach and impact.

Case Study: Campaign Philosophy in Action

The SunTrust Foundation Center for Financial Education at Wake Technical Community College launched in 2013 with the goal to raise financial literacy competencies among Wake Tech students, staff, and community members. The NFEC developed the programming and created the brand for the Center for Financial Education.

Combining live events, financial education-based contests, an eLearning center, interactive experiences, and a personal finance mobile app, the NFEC built an authentic, dynamic learning experience while giving students access to practical financial education programming.

To date this initiative has included more than 100 live instructional events for students, parents, faculty and staff. In addition to live instruction, promotional events and contests encourage active participation while raising awareness about the program. Online and mobile learning also contribute to the educational mix. The NFEC’s proprietary eLearning platform forms the backbone of the Center’s online personal finance initiative.

The campaign’s focus on increasing the reach of the programming was achieved through a mixture of building new partnerships, campus-wide marketing, generating media coverage, building an online presence, word-of-mouth networking, and other collaborative efforts. Read the case study conducted by the Boston Federal Reserve that highlights our program.

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Advocacy

The NFEC raises awareness about the financial literacy movement by using cutting-edge branding and high-profile initiatives that benefit all the organizations involved. This approach to promoting financial literacy engages the whole community in the financial education process to present a far-reaching, appealing, sustainable program. Here are a few examples of our campaigns:

Financial literacy PSA

The NFEC’s Public Service Announcement – ‘The Talk’ campaign featured in TIME – encourages parents to talk with their kids about money.

Financial Educators Day - launch 2014 with Transamerica & NFEC

The NFEC founded National Financial Educators Day (FED) to honor financial educators. Photo from FED launch at Transamerica’s Retirement Readiness Summit.

Brandon-500

The NFEC’s Money XLive brand brought together NFL great Brandon Lloyd with Yahoo Sports for the feature “Outside the Game.”

Thought Leadership

The Framework for Teaching is backed by evidence-based research and wide acceptance by educators, administrators, policymakers, and academics. The NFEC partnered with Danielson Group consultants to modify Charlotte Danielson’s Framework for Teaching to meet the specific needs of Financial Education Instructors. This collaboration yielded the first and only national standards for financial educators – the Framework for Teaching Personal Finance.

The Framework identifies the responsibilities of financial educators proven by empirical studies and theoretical research to produce the highest gains in participant test scores and provides clear benchmarks to enhance educators’ professional development.

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Capability-Strategy-750

The NFEC analyzed 47 recent proceedings documents, agency reports, conference presentations, and peer-reviewed research articles to clarify key points of agreement and topics for future research. Materials from the U.S. plus five other countries, along with documents from the International Forum for Investor Education (IFIE), International Monetary Fund (IMF), Organisation for Economic Co-operation and Development (OECD), and World Bank were reviewed for this analysis.

The National Financial Capability Strategy report presents some of the overall strategies identified by various agencies to guide nationwide financial literacy promotion. Our analysis uncovered three common themes that might usefully underpin national standards for promoting financial literacy: education, awareness, and sustainability. The report is organized around those three topic areas.

National Financial Literacy Test

Over 11,000 people from all 50 states completed the National Financial Literacy Test – a 30-question test designed to measure participants’ ability to earn, save, and grow their money. The test questions assess proficiency in the ten subjects covered in the Financial Literacy Framework & Standards, and were written to measure 3 key areas: motivation to learn, subject knowledge, and recognition of the first step.

15 to 18 Year Olds

60%

Average Score of 60.35%
6544 Participants

19 to 24 Year Olds

68%

Average Score of 67.80%
1191 Participants

25 to 35 Year Olds

72%

Average Score of 71.99%
845 Participants

36 to 50 Year Olds

73%

Average Score of 72.87%
882 Participants

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Financial Education Leads to Financial Literacy

The stock market may be going up; however the financial wellness of citizens across the country continues to decline. The continuing global economic crisis is impacting lives and the average person still face epic financial struggles. In today’s age, the need for financial education has never been higher.

The National Financial Educators Council (NFEC) is committed to addressing the issues associated with financial illiteracy. The NFEC offers a broad range of financial education programs, services, and personal finance resources available to address this need and bring the financial literacy message to communities around the globe. The National Financial Educators Council is an independent company with social enterprise business model. The NFEC’s team has designed and/or reviewed more than a thousand financial literacy programs and developed best practices for teaching personal finance.

The NFEC’s focus on financial education, awareness, and sustainability help organizations develop successful money management programming. Through independent and unbiased financial education resources, programs and training people are empowered with personal finance lessons that can change lives. The NFEC’s holistic approach to teaching financial literacy not only empowers, it also builds global awareness about the financial education movement.

The money management certification and school financial literacy curriculum form just a portion of the vast array of financial education services, programs and resources the NFEC developed – over 80 financial literacy assets in total. To accomplish their mission of providing the masses access to personal finance resources, the NFEC has turnkey financial education campaigns to meet the needs of a wide range of organizations. All ages are served – from PK to adult financial education. (Read more and learn the answer to the question – what is financial literacy)

The entire financial literacy curriculum offered has been reviewed the NFEC Curriculum Advisory Board formed of personal finance educators, professionals, and other experts. The Advisory Board ensure that the financial education lesson plans are engaging, effective and evidence-based. Hands-on activities and age-appropriate games ensure that the participants retain the personal finance skills that can benefit them throughout life.

For the NFEC, measuring success is another key component the financial literacy programs. Surveys, pre- and post-tests, indicate the impact of the personal finance initiative. Garnering empirical evidence that these money management lessons really work attracts funding, media coverage, and community awareness – in turn these benefits help to build a lasting, sustainable financial literacy program that continues to serve the community in the long-term.

NFEC financial literacy curriculum and campaigns are proven effective and have been aligned with educational standards. The materials use fun personal finance games and practical financial education activities that bridge the gap between theory-based education and real-life application. Organizations are able to leverage the NFEC’s financial education courses and other resources to build comprehensive financial literacy campaigns that have a measureable impact on the whole community.

The National Financial Educators Council’s team is made up of people with a passion for helping others. They have demonstrated their dedication to improving the financial capabilities of those they serve and promote the need for personal finance education. Their efforts continue well past Financial Literacy Month and they are working year round to deliver financial education where it is needed most. The NFEC welcomes those with a shared vision to work with our organization – whether you desire to teach a personal finance class or launch a full-scale financial literacy campaign – the NFEC provides turnkey solutions.

Those who desire to gain the credibility and knowledge to start teaching financial literacy, the National Financial Educators Council offers highly-respected financial educator certification program. The CFEI program has recently been expanded to include a comprehensive research guide that covers the global best practices for teaching personal finance. The Certified Financial Education Instructor course prepares graduates to present the financial literacy curriculum effectively and with confidence. Graduates of the CFEI coursework are eligible to become a member of the NFEC’s Personal Finance Speakers Association (PFSA) – the first national speakers’ bureau dedicated to financial literacy topics. The PFSA provides personal financial literacy educators a way to connect with organizations and fulfill their speaking needs.

Holistic Approach to Financial Education Ensures Success

The NFEC is a financial education resource provider that supports organizations seeking to share practical money management lessons with their communities. These solutions reduce the time, cost, and personnel required to establish an effective financial education program.

The NFEC offers comprehensive financial education material and training, including over 80 personal finance assets that are available to organizations and individuals. You will find complete turnkey solutions for your financial literacy programming needs.

Education, Awareness, and Sustainability—these three components form the cornerstones of a successful financial education program, says the National Financial Educators Council (NFEC). The NFEC is an independent, financial education services company dedicated to the promotion of unbiased financial education resources. They have adopted a holistic approach to teaching personal finance wellness. This approach not only empowers people with money management lessons that can change their lives. It also builds global awareness about the financial literacy movement and initiatives that become sustainable over time.

Education: The NFEC is a 100% independent educational organization. The materials they have created focus solely on improving the financial capabilities of individuals and communities. That is, the NFEC curriculum, lesson plans, and/or speakers never serve as commercial tools to sell products or services. All their resources are based on the latest research and best practices for financial education.

The NFEC has chosen a social enterprise business model. Thus they make their financial education resources available complimentary to a wide range of audiences including individuals, teachers, schools, colleges, financial professionals, and non-profits. These financial literacy resources have been created with one goal in mind: to improve financial capabilities. From preschool kids to mature adults, classes and curriculum are available for participants at any life stage.

All the courses that make up the NFEC curriculum programs are practical in nature. While participants learn about personal finance, they also rehearse important skills they can apply to real-world situations.  People from all demographics feel empowered and entertained by the fun games and activities these classes employ. Participants in the NFEC’s financial education courses have reported feeling much more competent to manage their own money.

All the financial education assets the NFEC promotes were developed in collaboration with a Curriculum Advisory Board comprised of respected financial literacy experts, educators, and financial professionals. The NFEC’s extensive resources include curriculum, lesson plans, speakers, a certification program, consultation services, and technical assistance to obtain grants and other funding.

Awareness: No program can achieve success if no one knows about it. That’s why the NFEC’s business plan demonstrates a commitment to raising awareness about the financial literacy movement. Promotion and advocacy form important pieces of all NFEC initiatives. The targeted individuals and communities become involved in the financial education process, maximizing program reach and impact.

When schools and other community groups enter into partnership with the NFEC, they gain access to high-profile media messaging and celebrity endorsements that allow them to reach and influence more people.

A further channel through which to spread the financial literacy education message can be found in the NFEC’s Personal Finance Speakers Association. This group is the first money management speakers’ bureau to be founded at the national level in the U.S. This speakers’ association provides trained, motivational personal finance speakers to speak at events all around the world – from financial education for children events to keynote presentations for those in the financial literacy industry.

Sustainability: Another NFEC prime objective is to ensure that its campaigns are sustained in communities over time. One of the best ways to build sustainability is making sure the financial education resources continue to be cutting-edge and effective.

Collaboration supports sustainability as well. By aligning financial literacy programs with the objectives of school and college clients, non-profit groups, sponsors, and other partners, the NFEC secures long-term support to give financial education lasting power.

Behind every successful financial education campaign stands a talented, committed team. The NFEC team is made up of people with a passion for helping others. Their dedication to improving financial capabilities while raising awareness about the widespread need for money management education has earned public commendation and media recognition. The NFEC offers multiple modes for individuals and organizations alike to get involved in spreading the financial literacy message. Whether you are inspired to teach classes designed to provide financial education for kids, receive certification, or launch a full-scale campaign, the NFEC has a financial education solution that’s been proven to work.

The NFEC provides financial education services and promotions.   From financial literacy month events and personal finance for kids programming to financial literacy tests and financial literacy grants – the NFEC is a resource provider with over 80 educational and promotional to serve you.

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