Stephanie is the director of a volunteer program that provides college preparation help to underserved high school students in the area. She oversees a group of college-age volunteers, who she really wanted to help when it comes to their personal finances. Specifically, she wanted to find a financial literacy training curriculum to present to them, but she had no idea where to begin. Teaching wasn’t exactly in her skillset, so she needed to reach out to a third party to figure out a way to best deliver this important information.
After informally speaking with all of her team members, she came to the realization that most of them didn’t even possess a basic level of knowledge on this topic. What they really needed, she understood, was money management information that’s easy to digest.
Now that Stephanie had chosen her short-term aims and what she planned for the distant future, her next move was to focus on how she could give this vital information to her team. Which delivery method should she go with? What about the overall pace? She would rather opt for a low-pressure, self-paced financial literacy curriculum map for this group, especially considering their wildly varying schedules – which finally led her to select an internet-based program that taught financial literacy training curriculum without boring the group.
The National Financial Educators Council (NFEC) is a recognized leader in the financial literacy arena. Their products and services have revolutionized how money management lessons are taught. The NFEC provides free financial literacy curriculum to organizations and individuals worldwide, curriculum that can be tailored for groups of any age or socioeconomic background. Thus these practical resources serve a wide range of needs.
A key component of every NFEC financial literacy curriculum is its primary focus on the benefits of learning how to manage money. In other words, people become motivated to learn money skills not because they want to become “financially literate,” but because of what financial literacy will give them. For example, participants are guided to ponder the following benefits of learning money skills, and what each one means to them:
- Ability to live one’s desired lifestyle
- Increased free time
- Making a positive difference
- Helping out family and friends
All the lessons in the NFEC programs are backed up with interesting financial literacy worksheets that allow participants to practice the lessons they’re learning in a safe environment. This practice translates to increased confidence in their abilities to apply the skills to actual life situations. The NFEC stands behind this practical approach as the most effective teaching method to ensure long-term learning retention.
Any financial literacy curriculum for adults must remain sensitive to the fact that many people already are experiencing financial difficulties that are the source of major worry and stress. The NFEC’s financial literacy curriculum illustrates the inter-relationships between assets, income, credit, and debt and the common problems people experience in each area. Then the program helps participants see how the cycle can be turned around and viewed from a positive angle. Knowledge is power, and each lesson contains a kernel of knowledge that can turn past negative experience into positive solutions.