Gary was a lawyer who needed a change of pace. He wanted to help underprivileged adults become financially literate but wasn’t sure where to start. Searching online brought him to the National Financial Educators Council, the NFEC. Digging through their resources illuminated him to just what was possible with the right guidance.
He started with some market research within his local city and found a larger need than he imagined. The financial literacy statistics reviewed showed that most adults were facing major financial programs and stress. The demand was also there, confirming the viability of Gary’s idea.
Gary’s next step was to decide on the specific subjects his financial literacy games for adults would cover. They had to be diverse and cover all levels of understanding. For the sake of narrowing it down, he decided to offer budgeting, debt, risk management, investing and retirement planning. He would also allow students to request specific areas of interest.
Custom Financial Literacy Curriculum Considerations
What type of curriculum would be best for presenting financial literacy games for adults? It had to be flexible with a modular design that would allow diving deep into the subject matter and on-demand learning that adults need. The financial education games would have to be engaging and relatable to typical financial decisions that adults face on a daily basis. The course also had to be aligned with core financial education standards, with learning principles based on evidence.
Gary gave the students completion awards that they could use to supplement their resumes and show off their personal improvement initiatives. He offered continuing online support as long as his students kept learning on their own.
These financial literacy games for adults were just the beginning for Gary. He hadn’t been this driven in years. He would pursue his expansion plans one step at a time and grow his program methodically.
Designing curriculum to raise the financial competencies of an adult audience requires an expert touch. Many participants come to such classes to learn how to get out of current negative financial situations, and the program must give them confidence and a game plan to address those challenges. The National Financial Educators Council (NFEC) consulted with an expert panel to develop its financial literacy games for adults, which are an important part of the organization’s Financial Foundation package.
The NFEC works with a Curriculum Advisory Board comprised of experts in education, finance, and financial literacy to develop all its materials. This collaboration yields adult financial literacy curricula that combine theory-based education with fun, engaging teaching methods such as games and practical activities.
When they come to learn about the free financial literacy course, adults often bring their money problems to the table. The NFEC’s Financial Foundation adult coursework not only helps people learn the basics about personal finance, but also helps participants recover from financial mistakes they’ve already made.
In addition to the financial foundation program, the NFEC has developed the Road to Retirement series for adults with more advanced financial knowledge. Road to Retirement includes two presentations: 1) Retirement Planning and Investments, and 2) Insurance. In this series the financial literacy games for adults take on a financial security flavor, inspiring participants to invest and gain an advanced understanding of risk management needs.
Financial literacy games and activities help create a curriculum that builds participants’ financial foundation and helps them plan for their future wellbeing. At the same time they have fun learning, which makes the lessons more memorable and applicable to real life. The NFEC’s expert Curriculum Advisory Board reviews and approves all these materials to assure their adherence to important educational standards.