Ellen, a part-time teacher at a community college, realized that there were no courses on basic financial literacy. The more she looked into it, the more she wanted to fill the gap. Her first step was to figure out where to start. Luckily, a fellow professor from her college introduced her to the National Financial Educators Council, the NFEC.
She wanted to prepare people who were just about to strike out on their own, for the monetary decisions that life would soon force them to make. She would have the most impact on pre-adults from below average income households and wanted to start there. The NFEC offered a structure to guide her in creating personal finance 101.
Once Ellen understood her vision for the long-term and goals for the short-term, she needed to decide how to deliver the course. Since it would be offered thru the community college, it would have to be based on a set timeline with live classroom instruction 2 days per week. She would provide online resources to allow students to dive deeper into financial topics of particular interest to them. The resources would include numerous personal finance 101 pdf documents.
In Ellen’s mind, the curriculum needed practical lessons that encourage students to take real world action. It also had to meet formal educational standards. She wanted a flexible, modular design so she could steer the class according to the needs and interests of the students. It would also be great if the course offered information and resources on demand, so students could independently pursue any angle of personal finance that interested them the most.