How to Develop Your Own Personal Finance Class for Adults

Do you need to organize engaging personal finance class for adults who need help with their money management? Well, you’ve found it right here with NFEC. We’ve expertly constructed a step-by-step walkthrough of the journey you’ll need to take to achieve your goal, and we explain it all.

Personal Finance Class for Adults in General

Critical Personal Finance Class for Adults Extensions

Aptitidues for Personal Finance Class for Adults Timetables

Success Story: A Pragmatic Approach

As you read the following example, you will get a sense of how a professional successfully leveraged the right resources to organize his very own money management classes for adults:

Preston is a high school English literature teacher, but he also teaches night school where he has just 13 adult students – all of whom are working toward getting their high school diplomas. Several of his students had brought up a wide variety of questions related to personal finance, so he came up with a plan: design a personal finance class for adults that would benefit them all. He had a solid understanding of the topic, and he had become familiar with this group over the course of several months, but he still believed that he would need to find a little bit of help to achieve his objective.

After doing a quick survey during class one day, he suddenly realized that this group of adult night school students needed resources regarding personal finance basics – nothing too complex until after of his financial literacy classes for adults.

Money management classes for Adults: Setting Goals

Preston knew that his short-term objective was to help this class reach a high enough level of personal finance knowledge that their home lives would be able to improve. Since these adult night school students participating in the personal finance class for adults had limited free time, he realized that the most anyone would be able to participate would be 1-2 hours each week. That’s why he was alright with simply planning a class that condensed the most important material into an easy-to-digest format.

At the end of the first of Preston’s money management classes for adults, his final goal was that everyone would reach the “Applying” phase of knowledge in this vital topic.

Bloom & Webb

Aptitude for Personal Finance Class for Adults Measurements

Where Success Takes Shape

Preston, with his goals now clearly defined in his mind, needed to move on to how he would deliver this incredibly important subject matter to his group. This particular class of adults had schedules that were all over the map, with various types of demanding jobs and home lives, so he understood that a technology-based solution that is done over the internet would be his ideal solution.

Fine-Tuning Your Personal Finance Class for Adults

Preston then had to seriously narrow down the main concentration of his first set of money management classes for adults. Because most of the students were working adults, and some of them were parents, he decided to make the classes center around paying for college and saving for retirement. He would also touch on establishing and maintaining healthy credit.

Design of Personal Finance Class for Adults Considerations

Important Personal Finance Class for Adults Choices

Don’t Avoid Asking for Help

Next, Preston had to somehow get in contact with a seasoned educator that could provide him with some help when it came to the presentation of this essential personal finance class for adults. He went looking for a highly-experienced instructor that had proven teaching abilities, as well as a robust level of knowledge on the topic of money management.

The educator he selected, after a bit of consideration, was a Certified Financial Education Instructor from NFEC.

Getting the Curriculum Straightened Out

Preston needed a workable solution that, considering the group’s time limitations, would still be able to work effectively. Understanding the situation, he decided to provide a series of financial literacy classes for adults that were broken down into flexible sections that could be done piece by piece whenever time allowed for it.

Appropriate Use of Personal Finance Class for Adults Styles

Composition of Personal Finance Class for Adults Outcomes

Final Data and Resulting Analysis

Out of the 13 night school students who participated in the first personal finance class for adults that Preston organized, 12 ended up finishing the whole thing with an average improvement rate reaching a whopping 20%. Preston then gathered and evaluated the final data and mapped out a detailed report so that he could show his principal exactly how much progress they had made as a class.

Future Financial Literacy Classes for Adults

Preston knew at the end of it all that this group would be in an optimal position if she could keep providing continued support. When the first of his money management classes for adults finally came to an end, he personally thanked and congratulated every student in the class – and encouraged them to keep educating themselves on this topic.

He realized that he should continue providing follow-up classes, once every 3-4 weeks, so that all the tutors would have the power to retain everything they had already learned with him the first personal finance class for adults they experienced.

No matter what your job—from truck driver to brain surgeon—chances are you will work for someone else at some point in your life. Knowing what employers value most in their employees and colleagues is a key component of a good financial education. In its internationally recognized top financial training course, the National Financial Educators Council (NFEC) addresses what employers look for when they’re hiring, doing a performance review, or considering a promotion.

First, according to the NFEC finance training courses, employers are concerned with motivation. Do you demonstrate high energy and the desire to accomplish tasks? Next the employer will look at your strengths. What do you do best, and in which areas do you lack skills or training? The perceived value of those areas where you excel will determine how much you get paid and how quickly you move up the corporate ladder.

Another important area of consideration is how well you get along with co-workers and supervisors. Are you a good fit with the existing company workforce? Then, this financial literacy course emphasizes, the employer might weigh whether or not you represent a good investment for the firm. Finally, employers look at personal habits like punctuality and positive attitude. They want to know you are dependable and that you can stay upbeat even when the going gets tough.

Practical subjects like this form the foundation of the NFEC’s curriculum and the coursework they use to train their personal finance speakers. Graduates of their certification program become members of the Personal Finance Speakers Association and are available to teach money management classes and provide keynote addresses at events. These motivational speakers will cover the personal finance lesson plans in an exciting, engaging format so audiences are entertained while they learn.

Fundamental Techniques to Create a Personal Finance Class for Adults

This website is a good place to start for organizations and individuals who want to develop money management classes for adults. The tips on this page offer ideas about the financial situations adult learners have incurred, which adult financial education methodologies must take into account. In addition, we discuss the Stages of Change Model and how it fits into a personal finance class for adults.

Uncover the Financial Situations Affecting Money Management Classes for Adults

Before you implement a plan to create money management classes for adults, it’s imperative that you comprehend their personal finance situations. Adult learners have distinct needs that differ from those faced by kids or teens.

First, financial literacy classes for adults should incorporate segments that help the learners recover from any personal finance mistakes they’ve already made. Efforts to overcome such errors might help people identify how much money they need to live their desired lifestyles, or how to choose a professional-grade financial mentor or coach. Recovery lessons also might help participants build their financial knowledge base, develop clear financial plans, or modify negative behavioral habits they’ve had since childhood.

A next step in designing a relevant personal finance class for adults is to help them build a firm financial foundation, including short-term security measures and long-term plans. The third segment should have them focus on planning for a financially healthy future and begin executing those plans.

Financial Literacy Classes for Adults: Are they Ready to Change

Adults are different from younger age groups when it comes to money instruction. The US Department of Education recommends best practices for teaching adults financial literacy using a case study. Anyone presenting a personal finance class for adults needs to ponder the audience’s unique necessities. According to the National Financial Educators Council, financial literacy programs for adults are timely only when you know how ready they are to adopt new financial behaviors.

Refer to the following categories to determine your audience’s willingness to change:

Precontemplation – the stage before people are even considering making changes. They don’t even know they’re doing anything negative.

Contemplation – the stage where people start to concede that their behavior might be working against them.

Preparation – the spot where adults are getting ready to spring into action.

Action – at this stage, they’ve made some changes; it’s important to support and reward their strides.

Maintenance – the stage where they have behavior change in place and have set goals to keep the momentum going.

Termination – the point where people’s modified behaviors have become deep-rooted.

Knowing where your audience stands along this theoretical scale is a key first step to determine the best ways to present money management classes for adults. Adjust your money management lesson plans, methods, and strategies for adults to meet the participants’ unique needs, depending on their preparedness to change.

Personal Finance Education Statistics in Connecticut

[1] Financial Literacy Programs for Adults
[2] College Financial Literacy Programs
[3] Personal Finance Class in College
[4] Financial Education Courses
[5] Money Management Courses