Discover the Best Methods for Teaching Personal Finance
Teaching Personal Finance is an undertaking that interests many people currently. Perhaps you are one of them. If so, read here to discover a step-by-step method that has shown real results.
Teaching Personal Finance is a skill people can acquire by following a specific process. The story that follows outlines how the resources offered here support and reinforce that process in a real-life situation.
“How does a person get started Teaching Personal Finance?” asked Cory Baines one day. Cory worked as a telemarketer in a call center. He and his co-workers, all Millennials with aspirations to move up in the company, were interested in getting some money management knowledge, but weren’t sure where to turn for information. Cory decided to take the lead and learn everything he could about teaching personal finance. What was the process? What were the best practices in the field? By doing a straw poll among his colleagues, Cory found out that they wanted to know how to increase their savings and prepare to invest.
Cory had some original goals in mind for Teaching Personal Finance. Now he needed to discover his options for delivering the material. He did some research and found out that he could choose from a variety of pacing and delivery methods. He and his co-workers were all Millennials working in a white-collar profession, so Cory settled on informal live instruction for the meeting, with technology-based components to follow.
Who would be responsible for Teaching Personal Finance to the call center employees? Cory needed a highly-qualified educator with demonstrated skill in both pedagogy and managing personal finances. Once again, he weighed in with his supervisor. Turns out she knew one of the other managers in the building was a CFEI (Certified Financial Education Instructor). Cory had solved his problem with ease!
Cory also wanted to report the results of the initial effort toward teaching personal finance. Why? Because he could leverage any success to gain support for future programming. That’s why he had the instructor conduct pre- and post-training quizzes, which uncovered an average improvement of 35% on knowledge about savings among the 14 call center employees who attended the staff meeting. Cory wrote a report of these results and gave it to his supervisor for distribution to the management team.