Seven Essential Steps to Holding a Personal finance course for college students
Are you looking for more resources that can help you develop a personal finance course for college students? Well, congratulations! Right here, you’ve found what you need to achieve your goal. You’ve wandered upon an in-depth guide that will walk you through how to plan the best course achievable – and we will take you along every step of the journey.
First Look: Personal Finance Course for College Students
The First Stepping Stone
What you’re about to read in the scenario that follows is an example of how someone was able to successfully leverage the proper resources in order to develop a top-notch personal finance college course description and accompanying class:
Gwen works at a retail store on a university campus, where she is the manager. She currently supervises 16 part-time employees who all attend school full time – many of whom had approached Gwen asking for advice related to their personal finances. So many of them had asked that she decided to, in her down time, plan a personal finance course for college students that would help everyone improve their money management skills. She was very knowledgeable on the topic, but she knew she wouldn’t be able to go it alone. She would need help with some key pieces.
After performing a sample survey with some of student workers, she realized that this group needed resources that touched on the very basics of personal finance.
Defining a Personal Finance College Course Description
Gwen knew that her short-term objective was to give her team of student workers a well-rounded education on crucial money management principles that would help them in their personal lives right away. Since everyone in the store had a limited amount of free time, given that they juggle school and work, she knew that everyone would only be able to participate in her workshop for about two hours per week. Because of this, doing a condensed program would have to be her strategy.
For the first program she would plan, Gwen’ goal for the end was that the group would reach the “Analyzing” level of mastery.
Getting into Position
Now that Gwen had a solid idea of what her objectives would be, she had to then decide on the delivery method she would take advantage of. This group of student workers had schedules that were all over the place, and quite non-flexible, so she knew that an online-based solution would be ideal for this personal finance course for college students.
Getting it Right the 1st Go Around
Gwen then had to nail down narrower focus for her personal finance college course description. This particular group was made up of young college students, so she decided to build the course with a primary focus on student loans and building a healthy credit history over time.
Asking for Help
Gwen, at that point, had to seek out a seasoned professional that would be able to present this vital subject matter to her group. She went searching for a qualified instructor that had a proven track record of teaching abilities, on top of a solid level of knowledge related to money management
The educator she selected was a Certified Financial Education Instructor from NFEC.
Formatting
Gwen needed a course that would still be a success, even with the limitations put on the students’ varying schedules. With that in her mind, she decided to build a flexible personal finance college course description that she could divide into digestible units – ones that the students could finish in their free time. This way, it wouldn’t distract from their studying.
Diving into Data Points
Of the 16 student workers, 15 ended up completing the course with a median improvement of 19% – which Gwen considered to be quite a success. She then compiled the resulting data so that she could generate a detailed report that would be able to demonstrate how impactful her efforts were in her first personal finance course for college students.
Recognizing Real Progress
Gwen knew that these student retail workers would be best served if they continued to receive ongoing support. Immediately after all was said and done with the first program, she wrote out individualized notes and left them in their storage lockers at work – congratulating everyone in the group certificates to show what they had accomplished.
Afterward, she chose to continue offering a monthly follow-up personal finance course for college students to everyone in the group, so that she could enable them to retain everything she helped them learn.
Anyone with a desire to develop a personal finance course for college students will find what they’re looking for on this page. Here we sketch out the top subjects to include in financial literacy programs for youth consumers. We also describe the experiences young adults have gone through that may have effect on how capable they are to manage money.
First Step: Choosing the Appropriate Topic Areas
College students are in need of preparatory information that will help them make the money-related decisions they currently have at hand. In other words, choose subjects that are pertinent to the life events they’re going through now or are likely to meet up against in the near future.
One workshop of advantage to a personal finance course for college students would be moving away from home. This motif can include budget guidance and goals, buying a vehicle, credit usage, handling one’s living expenses, and insurance protection.
Another possible subject area comprises how to plan funding streams for college. Working part-time, studying online, obtaining financial aid, and settling on a major based on career ROI will usefully round out the syllabus for this workshop, which is a key component of successful college financial literacy programs.
The third beneficial premise is how to create a plan for supporting oneself after graduation. College students frequently express concerns about the terms of their student loans and how to strategically manage paying them back. The training could help them develop a post-college life plan.
Personal Finance College Course Description
This section provides a personal finance college course description that can serve as a starting point to create workshops that counteract any negative influences on college students’ financial decision-making skills.
Course Description
Why is college financial literacy so important? Investopedia has this take on an answer. Our coursework addresses five components in a college students’ background that have dramatic impact on how well those students manage their personal finances: financial situation, financial behaviors, financial sentiment, financial education, and financial management systems.
1. Financial Situation. A college student’s demographic profile has an effect on his or her future financial situation. The socioeconomic status a person experienced in the family environment will partially determine that person’s chances of achieving financial security.
2. Financial Behaviors. Childhood money experiences can take root and become habituated by the time a person enters college.
3. Financial Sentiment. This term represents the feelings and reactions people have toward financial decision-making. If this relationship is negative (e.g. motivated by greed or fear), the consequences can be devastating.
4. Financial Education. Most students enter college without having undertaken any money management training at all; and even those training programs that do exist are frequently below par.
5. Financial Management Systems. The appropriate management methods for handling money include having checking, retirement, and savings accounts in place. Many college students lack basic knowledge of these features.
Reasons for Personal Finance Course for College Students in Utah