The Proven Series of Techniques for Teaching Kids Personal Finance
There are proven techniques that make a real difference when Teaching Kids Personal Finance concepts. If you’re one of the interested parties who would like to try Teaching Children Personal Finance, the guidelines and materials found here will be most helpful.
The content of this site includes a variety of resources that can help get an effort for Teaching Kids Personal Finance underway. In the story that follows, we illustrate how the process worked for another individual:
The Future Farmers of America club at Eastland Middle School, a group of 15 students led by PE teacher Barney Watts, had a big project in mind. They were going to raise pigs and enter them in next year’s County Fair. Barney knew it was a huge undertaking; they had to consider the pigs’ living spaces, food sources and supply, access to water, grooming, and veterinary care. One of the challenges the kids faced was how to allocate the capital they had available for raising the pigs. Suddenly Barney realized, what the children really needed was some financial education! But how would he do that? Barney was an excellent teacher, but he didn’t know the specifics about Teaching Children Personal Finance. Through some impromptu interviews with the FFA students and their parents, he figured out that they needed to improve their knowledge of budgeting and spending plans.
Mr. Watts had an immediate goal and a long-term vision. Now he was required to choose how the materials for Teaching Children Personal Finance would be presented. Since the kids were middle schoolers aged 11-14 working together on a specific project, he decided to base the lesson pacing around their achievements. He also built his program to be delivered in-person with lots of hands-on activities.
At the next stage, Barney asked himself, “Who will teach the program?” Teaching Children Personal Finance was not part of his teaching repertoire. Barney did some research in the area, and found that there was a CFP® who had many of the local farmers as clients, and he also had attained certification through the NFEC Certified Financial Education Instructor program and he had a history of teaching personal finance in schools. These credentials identified him as having both teaching skill and content knowledge, so Barney felt confident in asking him to teach the FFA students.
Barney wanted to be able to show the kids, the parents, and the National FFA Chapter how well his plan for Teaching Children Personal Finance worked, so he sought tools to measure results. All 15 of the kids were committed to the project, so 100% of them participated in the instruction. On average, they showed an improvement of 28% in savings/budgeting knowledge after the lessons. Barney wrote up a small report and gave it to their parents; he also filed it away with a plan of compiling a larger report to send to the National FFA later on.