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Teaching Kids Personal Finance

Teaching Kids Personal Finance 2018-07-31T13:07:20+00:00

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.

Eight Established Principles for Teaching Children Personal Finance

Suggestions for Teaching Kids Personal Finance Methods

1. A Valuable Illustration of Teaching Kids Personal Finance

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.

Analysis of Teaching Kids Personal Finance Options

Analysis of Teaching Kids Personal Finance Scenarios

2. Just-in-time Skills for Teaching Children Personal Finance

The goal Barney initially had in mind for Teaching Kids Personal Finance was just to give them skills they needed in time to make the pig-raising project a success. Since they had more than a year before the County Fair they were targeting, there was a lot of time, but he wanted to get them started right away toward financial health. His long-term dream, however, was eventually to bring financial education to the National FFA Conference in Washington, DC. For his first instruction, Barney decided the kids could get to Level 2 on Webb’s Depth of Knowledge – recalling concepts and skills and linking them to problem-solving.

3. How to Present the Materials? Step 2 for Teaching Kids Personal Finance

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.

Accepted Teaching Kids Personal Finance Extras

Influential Teaching Kids Personal Finance Competencies

4. Topic Coverage and Educational Design Choice

Barney’s next challenge was to design the topics to cover for Teaching Kids Personal Finance. He selected the topics the kids most needed to complete their pig-raising project – budgeting and savings planning. By focusing on age-adjusted lessons presenting these subjects, he could meet his learning outcome goals and help them make their project successful.

5. Obtain Educational Credentials, or Find Someone Who Has Them

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.

Appropriate Use of Teaching Kids Personal Finance Measurements

Configurations of Teaching Kids Personal Finance Processes

6. Where Does One Find Top-grade Materials for Teaching Children Personal Finance?

Barney asked the instructor where he might find curriculum resources for Teaching Kids Personal Finance. Luckily the instructor had access to some high-quality materials. Barney was looking for engaging and interactive activities, and the materials the instructor recommended offered just that – plus practical, hands-on lessons that had students taking real-world action.

7. Tools to Gauge Results, Demonstrate Improvement

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.

Teaching Kids Personal Finance Integration

8. Satisfied with your First Attempt? Keep Going to Increase Retention

Barney was satisfied with his initial results, but knew it was just a beginning. The FFA students would need ongoing support as they moved through their pig-raising effort. Barney gave the students participation awards after the first set of lessons. Then he set up ongoing education sessions to be held every other month, with reinforcement for what they’d already learned and the introduction of new activities to build their personal finance foundation.

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A Holistic Approach to Teaching Kids Personal Finance

A typical child will have been exposed to more than one million advertisements by the time he or she reaches age 21. This conditioning to “buy, buy, buy!” can best be counteracted by teaching kids personal finance skills that will last them a lifetime.

The National Financial Educators Council (NFEC) is a social enterprise organization that offers instruction in personal finance for kids. The Personal Finance for Kids curriculum is evidence of the NFEC’s holistic approach to teaching money management. This program blends project-based learning, practical activities, games, and interactive lessons to teach personal finance in a way that engages and entertains students of all ages.

Concerned individuals who are interested in learning the ins and outs of teaching personal finance should connect with the NFEC

[link]. Their Certified Financial Educator Instructor training lays a comprehensive foundation for helping kids build positive money management habits. The CFEI coursework includes virtual video instruction, a course manual, and access to a multimedia learning center. Graduates report increased confidence in their abilities to teach personal finance in enjoyable, effective ways. They receive personalized Certification Awards and receive complimentary membership in the NFEC Personal Finance Speakers Association, gaining them recognition and prestige in the financial education arena.

The NFEC takes the holistic approach to teaching kids personal finance a step further by ensuring that all their materials meet core educational standards. The NFEC is in a position to share best practices for financial literacy education because its material has been tested and approved by reputable organizations around the globe.

Anyone with a passion for helping kids and giving back to their communities should consider building a relationship with the NFEC and learning how to teach kids personal finance. There’s no better way to improve the lives of your country’s youth.

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