Orchestrating Your Own Financial Education Programs
Looking to find out how you can orchestrate financial education programs yourself? Well, congratulations! Here with us, you’ve found what you’ve been seeking. You’ve managed to find a step-by-step walkthrough of exactly how to get to your target programs. Let this guide walk you through each step of the ideal path to success.
The Best Financial Education Programs: A First Look
A Non-Stop Journey to a Successful Program
The scenario described below is an example of a working professional who, with a little bit of some much-needed help, managed to successfully plan their own financial education program:
Chester is the lead coordinator for a community college tutoring program, where he was recently put in charge of 26 tutors for the spring semester. Many of the tutors he supervised had just exited high school. After several of them had approached him asking for money-related tips, he realized that he wanted to provide them with a financial foundation education program that would enable them be motivated to improve their own financial lives at home. He already had a well-rounded education on money management, as a topic, but he knew that he wouldn’t be able to be successful if he went at it alone.
Following a quick sample survey that he did with a few of the tutors he worked with, he realized that most of these kids had nearly zero knowledge when it came to personal finance
Your Financial Education Program: Setting Goals
Chester was fully decided when it came to what his short-term objective would be: provide these tutors with a solid level of knowledge so that their financial situations would get better as fast as he possibly could. As a result of the little availability that this group had every week, thanks to their various class schedules, he realized that each member of this tutoring group would only be able to participate for roughly three hour per week – and that would be the maximum. For that reason, he was OK with designing a series of financial education programs that focused on only the bare-bones basics of personal finance.
When the first financial education program eventually ended, however, the final goal he had in mind was for each tutor to reach the “Skills and Concepts” level on the ladder of understanding for this topic.
Setting Sail: Successful Financial Education Programs
Since Chester already had his main goals clearly defined, he was then ready to proceed to selecting the best delivery method for this upcoming series of programs. This tutoring group had varying class and work schedules, so he knew that an online, screen-based financial education program would be the ideal offering for them.
Refining a Financial Foundation Education Program
Next, Chester had to figure out a much narrower concentration for his program. This group was made up of new college students, so he decided to build this particular program with a focus on spending habits and college loans.
Getting the Help You Need
Chester, at that moment in his journey toward developing a financial foundation education program, had to find an educator that had the right experience to present this ever-so-important material to these tutors. That’s why he set out to contact an instructor who was both knowledgeable on money management issues and skilled at presenting such substance.
The individual he ended up choosing was a Certified Financial Education Instructor (CFEI), who he reached out to online.
The Key Question of Substance and Format
Chester needed digital financial education programs that could still be a success, despite the fact that this group’s schedules would be difficult to work around. For that reason, he decided to offer a flexible-style program that would be broken up into easy-to-digest sections that could be completed whenever the team of tutors had time individually.
The Proof is in the Pudding
Out of the group of 26 tutors who worked on Chester’s team that took part in the financial education programs, 24 completed the first one successfully –achieving an average improvement rate of 13% as a group. Chester’s next action was to pull together the resulting data points and build a detailed summary, which would show his team exactly how much progress they were able to make in the first of Chester’s financial education program.
Finding Motivation for the Future
Chester understood that this group of newly-hired tutors would be best served if he could keep providing them with the ongoing educational resources that they need. Right after the first program was over, he went and sent each team member a personalized social media message that patted them on the back for completing the first financial foundation education program.
He chose to continue providing them with the opportunity to take monthly follow-up programs, so that he could enable the tutors to retain everything he enabled them to learn in the first round.