Uncover the Path to Presenting Financial Literacy Training for College Students
Financial literacy training for college students is best undertaken along a certain path, one that enlightens them about topics that will have true practical benefit in their lives and that takes into consideration the challenges they’re likely to come up against. Read below to gain more information about the process that takes financial literacy programs for youth to the next level.
Ultimate Money Management Seminar Topics for College Students
The first step up the ladder to designing financial literacy training for college students is opting for the most advantageous subjects. Important segments are listed in a recent guide to best practices for financial education published by the US Financial Literacy and Education Commission. The 3 workshops we suggest are 1) Paying for School, 2) Moving into Your Own Place, and 3) Strategy for Life Post-graduation.
The first area, paying for school, would have most significance for college students before they arrive on campus. Putting a plan in place to pay for tuition, living expenses, books, and incidental fees can include such strategies as applying for scholarships and grants, enrolling in work-study programs, and taking out student loans.
The second topic, moving into a new place, comprises themes of budget-setting, living costs, insurance coverage, transportation, and maintaining credit.
The third segment of this personal finance course customized for college students has college students address any concerns they have about entering the world of work and adulthood after they complete their degrees.
Familiarize Yourself with the Audience
The next phase in developing financial literacy training for college students is becoming familiar with the distinctive roadblocks they face along their road toward financial independence and well-being. The first thing to recognize is the family into which a student was born. A personal finance class offered in college should honor diversities in upbringing. Whether they had wealth or not, and whether they were aware of it or not, young adults were influenced by the ways in which their parents handled key decisions about money.
College students’ financial behaviors began to develop from a young age and strengthened as they matured. Advertising influences are an important factor to consider because companies spend more than $12 billion annually to reach the youth market. Counteracting ads that encourage young adults to spend outside their means is an important goal for financial literacy education.
Another situation to consider is the rarity at which young adults are setting up financial management systems to organize their money. If they lack retirement, savings, and checking accounts, they’re not getting off on the right foot, so systemization is a requirement for teaching financial literacy to college-level students well. Lacking the right accounts can lead to major mistakes with overspending and debt that can follow people for decades. Financial literacy training for college students can help them understand the advantages of having sufficient systematization for managing their funds.
