Teach Financial Literacy

Those that possess a desire to teach financial literacy will find the tips provided on this page will help rewarding and you are providing a great service to the community.  We will be adding videos and other material to this page over the course of this year, so check back regularly.

For those visiting this webpage, you likely understand a trained and knowledgeable professional is more effective when teaching financial literacy. You’ve likely developed that providing people a practical financial literacy education can help them avoid the monetary problems people commonly face.

 

The NFEC’s educational philosophy

The NFEC’s professional development program toteaching personal finance effectively teaches six essential topics.  This includes:

  • Student Experience
  • Measurement
  • Curriculum Training
  • Subject Knowledge
  • Bridging Practical Application with Education Standards
  • Financial Psychology

 

Financial literacy is unique

Financial literacy is a unique subject.  Each of your participants has had a different background; every person sitting in the class has formed a unique relationship with money.  Each unique relationship equates to a specific emotional connection, and determines the impact of money on that person’s life.

Once you start out on your own, every second of every day, either you are making money or you’re losing money.  For example, you might be accruing rent that you must pay; or you might be incurring interest on an investment.  Your finances are always either up or down—they’re never stable.  So financial literacy has an impact on every day of your participants’ lives.Bring this home to participants by describing the benefits of financial education.  Health, relationships, security, independence—explain all those benefits we discussed in the previous sections.  Money has an impact both on their current situations and on their futures.  Demonstrate how financial literacy can improve every aspect of their lives.

 

Financial literacy curriculum development and results

The NFEC financial literacy lesson plans were created in partnership with educators, financial experts, and community leaders.  Over 50,000 people were interviewed by our Board through one-on-one discussions about their current financial situations.  They’ve also reviewed more than 25,000 personal financial statements through the course of their daily business – loan brokers, financial advisors, etc.  Our advisory board combines expertise from the entire scope of financial topics including debt consolidation, bankruptcy, mortgages, investment advice, realty, banking, and credit consultation.  We consulted with educators knowledgeable in advanced learning and influence techniques.

The resulting programs contain practical, real-world financial lessons.  While we were concerned to ensure that curricula met core educational standards, our key focus was on relating to the audience.  We strove to build lessons people really can use for maximum benefit in the real world.

These programs are meant to be fun and engaging not only for the students, but for instructors as well.  You will enjoy teaching money management lessons to these materials, and keeping it fun for your participants should be one of your goals.

 

Why are financial education programs ineffective?

For your initiative to succeed, it’s helpful to understand where other programs fail.  Most financial education is dry and boring.  Programs get boring when they focus on theory-based teaching that lacks practical application.  If people can’t see a direct benefit to them, they’ll quickly lose interest.

Poor-quality curriculum also becomes boring fast.  If the materials are outdated and incorrect, or are not written by expert professionals, the quality suffers and participant interest will wane.  Too little time spent teaching the lessons is another common mistake; you won’t learn skills to improve your life from a single-hour presentation.

Some programs fail because the presenter forms no connection with the audience.  The NFEC can recommend ways for instructors to build such connections, and the materials are designed to connect with people too.

Many programs fail to measure their effectiveness.  If you don’t know whether your program works, how can you convince others to adopt it?  The bottom line is moving people to take action, and that’s the biggest difference between the NFEC program and other available coursework.

We appreciate your interest in learning how to teach financial literacy and helping people across the country pickup important money management skills that can help them avoid the stress that comes with financial uncertainty.

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