Teaching Kids Financial Literacy – Resources, Information, and Process
Do you have a powerful drive toward Teaching Kids Financial Literacy? Then you have hit on the right page. Here you will encounter resources and data describing the most effective process and tools for Teaching Children Financial Literacy according to approved practices.
From the standpoint of a wish to teach kids financial education, there is a proven process that makes a difference. Read on for an illustrative example of how it works.
What is the most effective method of Teaching Children Financial Literacy? That was a question Arnold Hagen recently asked himself. Arnold was a retirement planner with plenty of money smarts; but because he had three young grandchildren, he wanted to learn more about Teaching Kids Financial Literacy to help secure his grandkids’ futures. His vision was to build an elementary school program to start young children on the path toward financial wellness as they grew, but he needed some information about reaching kids at a young age with money lessons. By talking with his daughter and son-in-law, he found out that little kids could grasp lessons about money denominations, money exchange, and relationships between spending and savings.
Arnold had his initial plan for Teaching Kids Financial Literacy in place, and the seeds of a future endeavor. Now he needed to choose a delivery method. Because he would be working with small children, he chose achievement-based pacing based on the kids’ grasp of the materials. He really wanted to lead the class himself, so in-person instruction would be the delivery mode.
Who would be Teaching Kids Financial Literacy in this first program? Arnold wanted to do it himself. As a retirement planner, he had plenty of knowledge about personal finances (content knowledge); but he wasn’t well-versed in how to teach kids financial education (pedagogy). He determined to undertake some coursework to get certified as a Financial Education Instructor through the NFEC. That accomplishment would make his skills for teaching young children much stronger.
The 15 PK students all participated in Arnold’s first attempt to teach kids financial education. At the end of the activity, the teacher questioned the kids and found that, on average, they were about 30% more likely to recall the relative value of each coin and bill about which they’d learned. Arnold wrote a short report with photos and a testimonial from the teacher, and sent it to all the children’s parents to inform them about the program’s success. This step would help him gain support for expanding to reach the elementary school kids.