A Real-World Guide to Building Money Management Courses
Have you been on the lookout for a winning strategy that will help you develop your very own money management courses? Today’s your lucky day, my friend, because you’ve landed in just the right place. Here, we’ve carefully built an in-depth blueprint that details every step that you should take to achieve your goal.
Money Management Courses: A Blueprint
A Real-Life Path to Achieving Your Goal
In the following scenario, you will get a taste of how a professional successfully pulled off organizing some top-notch money management courses:
Lucy supervises 14 volunteer tutors, who provide SAT study help to disadvantaged youth in her local area. Many of her college-aged tutors had been asking her some questions related to personal finance matters, so she decided to begin organizing foundations of money management courses that would benefit everyone in the group. She was already very much familiar with this whole group of tutors, and she knew the subject matter well, but she still wasn’t 100% confident when it came to some critical pieces.
After she performed a bit of a sample survey with some of the team members, she immediately understood that the majority of the group wanted to learn about the core fundamentals of personal finance.
Goals for Foundations of Money Management CoursesLucy knew exactly what she wanted to achieve in the near-term, which was to help this group realize enough personal finance knowledge that they could effectively apply it to their own lifestyles. Thanks to the limited free time and unforgiving schedules that this group had each week, she was able to see that the group would be able to participate – at maximum – two hours each week. Knowing that, she was alright with just doing money management courses that condensed fundamental material in an easy-to-digest format.
When the foundations of money management courses were over, however, her end goal was to lift each member of the group as high as the “Applying” level of personal finance knowledge.
Where Success Starts
Since Lucy already had her goals clearly defined, she was then able to move on to selecting the best delivery method for these classes. This group of individuals had varying schedules that were all over the place, so she knew that an internet-based solution would be the answer.
Clearly Focusing on What’s Important
Lucy then needed to do some editing and narrow the focus of her foundations of money management courses. Due to the fact that most of the team members were young professionals, she opted to design the course with a focus on emergency savings accounts.
Getting Expert Assistance
Next, Lucy had to get in contact with a qualified, seasoned educator for some help in delivering this foundations of money management courses. The instructor which she sought would need to have both robust knowledge on the topic, as well as excellent teaching skills.
The educator she ended up going with was a Certified Financial Education Instructor (CFEI) affiliated with NFEC.
Designing the Best Curriculum
Lucy would need to provide helpful courses that could still be beneficial in spite of the scheduling constraints she faced. With that reasoning, she decided to build flexible money management courses that would be divided into smaller pieces that could be done at any time.
Translating Data
Of the 14 tutors who ended up participating in the money management seminar series, 12 were able to successfully make it to the end of the program – with a total average improvement score of 11%. After that, Lucy decided to collect the data so she could generate a summary report that demonstrated to the tutors exactly how much they progressed as a group.
Looking Ahead: Motivation & Growth
Lucy understood that this group of people would be best served if she could continue providing them with ongoing help. As this group’s money management courses came to an end, she sent out congratulations to everyone – via handwritten notes.
In the end, she decided to keep offering follow-up lessons at the beginning of every month, so they would get a better chance to maintain what they had already learned with her money management courses.