Journal of Financial Education Dedicated to Improving Money Skills
Recent economic conditions have resulted in a widespread need for money management education. Today more than 2% of U.S. homeowners face mortgage foreclosure. While 2% may not seem like a large number, consider the total U.S. population—nearly 317 million in 2013. That seemingly minor 2% actually represents well over 6 million people. That’s one reason why the Journal of Financial Education is devoted to publishing articles that present the latest research, educational direction, and teaching methods for helping people gain essential money knowledge.
Another important point to remember is that lack of financial education affects real people and causes real problems. The National Financial Educators Council (NFEC), an independent social enterprise organization, has met with more than 10,000 people across the U.S. about their financial situations. Vince Shorb, the NFEC’s CEO, recalls a time when a single mother of three called him in tears begging for help. She was being physically evicted from her home at that very moment—but because she had called so late, there was nothing the NFEC could do.
There is, however, something you can do. You can become an advocate for the financial literacy movement and bring much-needed skills to your friends, neighbors, and clients. The NFEC provides personal financial education nationwide and around the world. They have free workshop packages, certified instructor training, and services to help interested individuals and nonprofits find funding sources for their financial literacy initiatives.
The NFEC is a leading provider of money management lessons, many of which can be learned simply by visiting their financial education websites (https://www.financialeducatorscouncil.org). The organization consults with expert educators and financial professionals to develop their financial education curriculum, using credible research and educational guides like the Journal of Financial Education. These state-of-the-art curricula teach practical money skills in a hands-on, interactive format. And since the NFEC has an open source model, turnkey solutions are available complimentary.