Here’s one way that NFEC resources have helped create a program with financial education games.
Brad, a PTA leader, wanted to educate parents on money management skills so they would introduce the subject to their kids. He wanted to approach the parents in the right manner but wasn’t sure how to go about it.
He decided to start with a parent survey to assess their existing knowledge and attitudes toward money with respect to their kids. He knew they were lower-middle class and needed to gauge the existing situation. The survey revealed a conscious desire to learn more, both for their kids and themselves.
Since these were working adults with minimal financial literacy levels, Brad decided that a strong understanding of the basics would have the most impact on the parents and kids. Debt, savings and budgeting were the ideal subjects for these parents.
A four-week program should be just the right amount of time for the students to understand the skills and concepts. One topic a week with a conclusion at the end would be a good structure to give them the exposure they would need to get there.
Custom Financial Education Curriculum Challenges
To facilitate these adults with varying schedules, Brad’s program would need to be flexible. The program also had to meet existing financial education standards. A strong scaffolding would help move the students along while accommodating all their schedules simultaneously. The financial education games would make it fun and engaging.
Brad handed out Completion Awards that the students could use on job and education applications. Students also got instructions on how to educate their kids about financial literacy. Brad left the online forum open, so the class could continue to interact and get continuing support.
Brad realized this was just the beginning and he considered what steps to take next in order to grow his program.
During the holidays, birthdays, or at important milestones, friends and extended family often give children gifts in the form of money. These gifts form a great teachable moment for helping kids learn the basics of banking and savings. But what’s the best way to teach these concepts? The NFEC has the answer: financial education games.
Few parents are unaware how important it is for their kids to learn how to make and manage money. But some may be unsure where to start. The National Financial Educators Council (NFEC) has written curriculum programs that offer practical money lesson plans for all ages. Using a personal finance game as a teaching tool, according to the NFEC, helps ensure that kids retain the information over time and begin to form positive money habits.
The NFEC’s curriculum programs for children, teens, and young adults are just one component of the organization’s comprehensive financial literacy campaigns. In addition to personal finance lessons and games, this social enterprise group also offers workplace financial education and full-scale events endorsed by and featuring celebrities and sports stars. The full range of NFEC activities designed to promote and support widespread financial competency can be found at http://www.FinancialEducatorsCouncil.org.
The expert team of professionals at the NFEC offers financial education services for a wide range of initiatives and to achieve a variety of objectives. When children receive monetary gifts, parents can discover Internet-based tools to help kids learn the long-term value of savings and how to develop a positive relationship with a bank or credit union. These are invaluable personal finance skills that can save them lots of money in the future when they begin to contemplate large purchases and apply for loans. It’s easy to see how financial education for kids can pay off. Now there are easy ways to teach them key money management skills too.