Personal Finance Videos Make NFEC Program Stand Out
Youth today face uncertain economic futures, and teaching them essential money skills has never been more important. In recent years, the changing media landscape has increased the popularity of video and other multimedia as instructional tools. That is, the younger generation is much more likely to call up YouTube or watch Hulu than they are to pay attention to textbooks. To stay on the cutting edge of the multimedia age, the NFEC has developed an online program that uses personal finance videos to motivate young people to pick up money management skills.
The NFEC’s program, called Money XLive Multimedia, presents financial literacy videos featuring more than 30 high-profile celebrities and sports stars. Relying on video and other multimedia to deliver personal finance lessons is one way in which the NFEC has revolutionized the financial literacy movement. Research has proven that multimedia platforms are more engaging for young people and hold their attention longer. That means the lessons are more likely to be retained—which translates into a generation of teens who have the financial skills they need to face the real world.
The common theme underlying all NFEC money management videos is relating money to lifestyle. Most young people draw little motivation from the idea of having a huge bank account. Rather, they are motivated by what money allows them to do or have. In the NFEC videos, celebrities are shown demonstrating the lifestyle choices made possible by learning good money habits.
The celebrity videos are one important component of a larger set of personal finance lesson plans the NFEC has developed in collaboration with its expert advisory board. The celebrities who have donated their time to share personal finance knowledge relate their own stories in a way to which students can really relate. This demonstrates their passion for helping others and raising awareness about financial literacy, and makes the NFEC programs truly stand out from the crowd.
Visit the National Financial Educators Councils Official YouTube Channel.