Financial Literacy Education
To be most effective, financial literacy education must be both theory-based and user-friendly. The NFEC subscribes to a socially responsible business model for promoting practical money management lessons. This nationally-recognized provider of financial education resources supports individuals and organizations with a passion for helping others to spread the message of financial literacy.
Leading financial experts have called the NFEC’s financial literacy education materials “revolutionary.” The organization has more than 80 personal finance assets and resources that can fulfill a wide range of objectives. Whether you are an individual or a community group, the NFEC offers a financial education solution that can be tailored to meet your unique needs.
All the financial literacy initiatives are crafted as turnkey solutions, reducing the time and cost involved in establishing an effective, sustainable program.
The NFEC takes a holistic approach to its financial education campaigns, founded on three key principles: Education, Awareness, and Sustainability. Learn more.
Complimentary Workshop Materials
Click here to gain access to a complimentary turnkey workshop package. A 90-minute presentation, pre- and post-test evaluations, promotions, funding forms, and outreach resources are included.
Teaching Financial Education Lessons
The NFEC offers a certification program for those who teach or want to teach financial literacy. The Certified Financial Education Instructor program includes coursework and a comprehensive research guide covering best practices for teaching personal finance.
Financial Literacy Education in Schools
by Devin Shandler
Here is a bold yet true statement – of any subjects taught in school a financial literacy education is the subject that is most needed. All the other subjects taught will help you get paid more but only one helps you keep and grow the money you earn. Many people today that have earned their MBA’s, PhD’s and other advanced degrees are often times living paycheck to paycheck. Without a financial literacy education, people can work multiple jobs and still be unable to reach a state of financial security.Arguably, the subject we need taught the most, getting the least amount of attention. For those that believe education works, shouldn’t we be providing financial literacy education training to our youth? Money is something that impacts almost every area of our lives, and yet it is rarely taught to our children.
Educators, school administrators, parent, concerned citizens, business leaders and the youth themselves recognize the importance of learning about money. Studies show the vast majority of people feel that financial literacy education should be a requirement needed for high school students to graduate. The knowledge will serve our youth for many years to come and directly impact their relationships, emotions and health.
If you are like most, you understand the importance of providing youth a financial literacy education; now, let’s explore the steps you can take to choose effective financial literacy lesson plans.
Locate personal finance programs that are focused on delivering practical lessons in a way students would relate to. A good example of this is the Money XLive financial literacy education event put on by the NFEC. This even combines what today’s teen and young adults like most: technology, celebrities, live bands, DJ’s and world class financial education experts.
Now of course an event like that may not be everyone’s cup of tea but the point is to find an financial literacy program, event, or workshop that keeps your students or children excited about the information. Financial literacy education courses that keep students interested are the most effective. Experiential learning experiences like the Real Money Experience (RMX) engage students through interactions with live volunteers.
When high school students attend the RMX event, they are safely practicing the real life decisions they will face later. As students visit the education booths, they complete activities that will increase their retention and benefit from that knowledge throughout their life. This financial literacy for youth event acts as a test run so your students or children are prepared to make better personal finance decisions.
Often times a young adult’s first financial decision is a bad one. These decisions in the real world end up costing people money, time, freedom and add greatly to their stress levels. The simple step of ensuring they take a professional financial literacy education course can give our children an advantage and a big head start in life. Financial literacy is a skill that makes life a lot easier.
Studies have shown that providing students a financial literacy education before they graduate high school can provide lasting benefits. Lessons on savings, credit and investing young are just a few of the lessons that help to shape their financial habits.
The bottom line, providing today’s youth a practical financial literacy education is a critical. It not only impacts the health and well being of an individual but also the country as a whole. Being a consumer based economy it is important we train the future generation to be responsible with their money so there can be sustained growth in the nation’s economy.