Eight Steps to Holding a Winning Financial Literacy Seminar

Are you online in search of help organizing your very own financial literacy seminar? Congratulations! Your hunt has finally come to an end! We’ve carefully developed an in-depth breakdown that describes exactly what you need to do if you want to achieve your objective. Read on to see how.

Blueprint: A Real-World Financial Literacy Seminar

Aptitidues for Financial Literacy Seminar Action Steps

Extensions for Financial Literacy Seminar Performance Measures

Exemplifying a Winning Strategy

In the example below, you will read all about a scenario of a working professional who, with a bit of assistance, managed to successfully organize a unique financial literacy seminar:

Serena has been the Assistant Manager of a local call center for nearly 4 years, and she was recently asked to lead a training program – where she will carefully supervise 18 new hires over the course of 3 months. After she received a number of requests for personal finance advice from the trainees, she wanted to try and organize a financial literacy seminar series for the whole group. She already understood the topic at hand quite well, and she knew this group quite well too – but she also knew that she would need to reach out for some help if she was to succeed.

Following a quick sample survey that she performed with a few members of the group, she quickly understood that this group struggled with even a basic level of understanding on this topic.

Set Goals: Financial Literacy Seminar Series

Serena knew her near-term objective for her financial literacy seminar program: help this group attain a level of money management knowledge that would quickly improve their lives. Due to the wildly varying schedules and availability of the group, she understood that – at the absolute maximum – each person could participate for 2 hours weekly in her seminars. That’s why she was alright with designing a more condensed financial literacy seminar series that centered on the fundamentals.

At the end of these seminars, her final hope was that everyone would reach the “Applying” phase of knowledge.

A Real-World Success Story

After Serena had set her practical objectives, she now needed to turn her attention to which type of delivery she would use. Given this group’s limited amount of availability, she realized that an achievement-based program would be best. This is because it would motivate them to complete each phase.

Refining Your Program

Serena then had to whittle down the focus of her financial literacy seminar topics. The majority of this group were young professionals, so she opted to focus the seminar on planning for retirement and building healthy credit histories.

Composition of Financial Literacy Seminar Decisions

Aptitidues for Financial Literacy Seminar Scenarios

Asking for Help from Experts

Next, Serena had to seek out someone to present this material – a qualified educator. That’s why she set out to procure an instructor who was both knowledgeable on her financial literacy seminar topics as well as a great teacher.

The person she selected was a Certified Financial Education Instructor from NFEC.

Formatting Financial Literacy Seminar Topics

Serena needed a seminar that could work with the group’s availability limitations. For this reason, she decided to make a flexible seminar that’s divided into small modules that can be done at any time.

The Importance of Data

Out of the 18 employees, 17 managed to complete the whole financial literacy seminar series– with a 19% improvement rating (on average). Serena then compiled the final data and crafted a report so that she could visualize to the group exactly how much progress they had made.

Programs for Financial Literacy Seminar Timetables

Highlighting Success & Growth

Serena knew that this group would need ongoing support moving forward if they were ever going to be able to apply what they had learned with these financial literacy seminar topics. When the seminar came to an end,

She opted to keep providing assistance to this group by offering follow-up financial literacy seminar options, once monthly, so that everyone could both retain what they learned and continue to apply it in their personal finances.

How you manage your money today will make all the difference in your capacity to enjoy tomorrow. Yet most people never receive a solid money education. If you want to achieve financial freedom and let go of those money anxieties that plague so many people, you might consider going to a financial literacy seminar. The National Financial Educators Council can help.

The NFEC provides financial workshops in an effort to raise awareness about the financial literacy movement and improve people’s competence to handle their money in effective ways. Their practical, experiential approach to teaching personal finance has reached thousands of people around the world with messages of financial literacy. When people learn practical money management, their increased knowledge benefits not only themselves but also their families, friends, and the whole community.

An example of a topic covered in the NFEC’s financial literacy programs is setting up an appropriate account structure. Everyone should have at least a checking and savings account with a bank or credit union. How they select a financial institution with which to do business depends on their expectations and purposes for using the accounts.

Building a long-term relationship with a bank or credit union yields many benefits, for example, better interest rates on loans and easier loan qualification. When you consult with the financial education resources provided by the NFEC either online or through a workshop, you’ll learn that positive banking relationships can result in improved terms on student, auto, and home loans and investment trades.

Many more benefits are in store for individuals who decide to take financial literacy classes offered by the NFEC. This independent team has made improving the financial capabilities of the global population its stated organizational mission. Their widespread provision of financial literacy seminar resources, materials, and curriculum programs is making the world a better place.

Learn About Credit Bureaus in Financial Literacy Seminars

All over the popular media—TV, radio, and the Internet—you’ll see advertisements for places where you can get your free credit report. But how many people have a fundamental understanding of what credit bureaus are and how they work? In the NFEC’s financial literacy seminars you’ll learn how to read your credit report, what your credit score really means, and how to clean up your credit if you’ve gotten into difficulties.

Although some people might not know how valuable a financial literacy workshop can be, they probably do know that their credit score affects whether or not they qualify to get a loan or credit card. There are three main credit bureaus: Experian, TransUnion, and Equifax. Each bureau assigns you a credit score, which represents a report card of how well you’ve handled your credit over the past 7-10 years. This credit score is called a FICO Score (named after the company that developed the system).

fA FICO Score of 720 or higher is excellent, while a score of 560 or lower is like receiving an “F” on your report card. If your credit score is less than optimal, attending an NFEC financial literacy seminar will give you some tips for improvement. If you know how the FICO is computed, you can identify some methods for driving up your score.

According to this financial literacy course the FICO is based on five categories of credit data:

  • Payment history (paying bills on time) – 35%
  • Amounts currently owed – 30%
  • Length of credit history – 15%
  • New credit – 10%
  • Types of credit used – 10%

Since payment history is given the most weight, obviously paying all your bills on time will have the biggest impact on your credit score. To find out how much you know about credit and a comprehensive set of financial topics, take the NFEC’s financial literacy assessment at https://www.financialeducatorscouncil.org/financial-literacy-test/.