Basic Money Management 101 Resources You Can Use Right Now
If you’re looking for information about basic money management 101, you’re in the right place because the NFEC’s purpose is to spread financial literacy. Have a close look at our resources to find what you want.
Since we’re completely independent, our educational material is free of marketing and promotions. Our Curriculum Advisory Board is made up of diverse experts in financial education. Not only are the courses fun and engaging, they also meet core educational standards. Explore our financial education resources and you’ll find much more than just a basic money management 101 pdf.
Basic Money Management 101 Program Inception
Jane volunteered at a non-profit that focused on financial literacy, but she wanted to do more. Looking at the NFEC website sparked the idea of starting a financial literacy education program.
She wasn’t sure where to start, and needed a step-by-step structure to follow from beginning to end. She found it at the NFEC.
Looking at existing financial education research, she discovered that a large number of adults know they need education in basic money management but aren’t sure where to find it.
Defining What the Students Will Learn in Money Management 101
Jane wanted to start with basic money management 101 and get the students to understand the skills and concepts, although her ultimate goal was to develop the ability of extended thinking. She wanted this first course to be concise and not drag out too long.
A Basic Money Management 101 PDF Alone Is Not Enough
Now that her objectives and vision were better defined, she needed to think about how to present the class material. She wanted a live presenter and a national audience, so webinars would be perfect. She reasoned that a weekly schedule would keep the students on track and interested, while giving them plenty of time to complete the homework. The webinars would be recorded for all participants to access any time.
What to Teach in Money Management 101
The next step was to get a handle on what to teach. She thought she could have the most impact on adults who didn’t know anything about personal finance. Budgeting and saving seemed like the natural place to start.
She wanted to impart a firm grasp of the skills and concepts. She knew she could do this by focusing only on the foundations of budgeting and saving.
Money Management 101 Basic Curriculum Decisions
Jane wanted a basic money management 101 curriculum that had engaging, interactive activities and met educational requirement standards. Just-in-time learning was also important for adults.
Webinars offered many advantages when teaching personal finance basics. People around the world can participate and the recorded webinars enabled just-in-time learning, for the students to access whenever they needed immediate information about a topic.
Finding a Certified Financial Educator with Experience
Jane was in the process of getting her NFEC Financial Educator Certification, but she knew she wasn’t ready to teach her own class. She would need a certified presenter with experience.
She chose an NFEC Certified Financial Education Instructor with years of adult financial education under her belt. She knew having someone with experience would provide more than just a money management PowerPoint presentation; they would provide highly interactive lessons with quality curriculum.
Jane had volunteered teaching money management for years and now she’d learn how to present it as a teacher. She liked that idea.
Positive Results of Money management 101
Of the 73 adults who signed up, Jane was pleasantly surprised when 65 actually completed the course. That’s a completion rate of almost 90%.
She excitedly put the numbers together and created a report showing clear results. She would use the valuable data to promote her program and start a second phase to allow students to easily progress their financial literacy.
Basic Money Management is the Catalyst for More
Jane realized that Basic Money Management 101 was just the beginning of what she wanted to do. She had a strong desire to enable students to use what they had learned. She put a forum on her website where program graduates could interact and offer support on basic money management principles. She also offered them a discount for her continuing education program. Each successful student received a completion certificate to use in getting jobs and college applications. They also got a basic money management 101 pdf with lists of resources that would help them put their new knowledge into practice.