Elements of a Relevent Financial Literacy Curriculum

Relevant financial literacy curriculum has the capacity to equip our youth to overcome the lack of financial management that has become the unfortunate norm in our society. Most graduates are living paycheck to paycheck because they never received a proper financial education. If this is not fixed it will lead to a lifetime of financial difficulties.

Classroom instruction should mirror real life. When you are preparing financial literacy curriculum one of the first things you should consider for each lesson plan is how it applies to real life circumstances.Young people want to learn when they know it will make a difference in their lives. You know you are heading the right way if your examples are applicable to real life.

This is definitely one class that you should never hear, “where are we going to use this in real life.” Make the lesson plans tangible and mentally attainable in order to get things though to reach the student. The more your students can identify to a situation the more likely you are to reach them at a basic and practical level.

How to you choose practical, educational and fun financial literacy curriculum?

1) Start reaching your students by inspiring them to be their own inspiration. Ask them to write down their dream job, regardless of current financial circumstances, that they would like to go to college for. Help them start learning now that limited financial means does not always mean that you can’t get to where you want to go in life. You might just have to get creative. By allowing their interests to drive instruction you are providing them with relevant lessons in financial literacy.

2) Today’s financial literacy curriculum must incorporate personal financial responsibility and decision making. It is essential students are taught how to plan ahead and deal offensively with the tough money situations that face most people at one time or another.

A car that breaks down, unexpected job loss and other costly things have put many in debt. A financial literacy curriculum that prepares students for life’s money situations will help them reach their financial goals quicker.

Being able to plan ahead means that nothing needs to crossed off the list right away. There is a lot of potential in planning for that possible outcome. It takes away the need to live hand to mouth because you are showing them through real life financial literacy curriculum that they are quite empowered to get where they want to go. 3) Be absolutely sure you choose financial literacy curriculum that today’s youth relate to, are motivated by and that moves them to take positive action. If you choose to use boring financial literacy curriculum that focuses on theory instead of practical financial education skills you risk boring the students and turning them off the subject. Pay close attention to the students and ask for their feedback so you can make lesson plan adjustments if requested.

Most people agree that delivering financial literacy curriculum will help today’s youth pick up practical financial education skills. Follow the tips above and check out resources offered by leading financial education companies.

Financial Skills For Your Child – 7 Powerful Tips That Give Them a Jump Start to Financial Success

I was stunned the first time I realized that I, highly educated me, was totally ignorant when it came to managing money.

I was just turning 40 (yeah, I know – a bit slow) when me and my husband had to face the fact that our financial situation was not going to allow a high school education for our beloved teenage daughter. Never mind her 3 siblings!

Yes, we had a fairly good living, but we were perpetually in debt. Money was an enigma to me. It had a way of always disappearing, no matter how much came in.

So, for the first time in my highly educated life I had to admit that I was hopelessly illiterate when it came to money matters.

And I didn’t want that for my children.

In the following years we aggressively pursued a solid financial education for our offspring. Resources were not easy to find. As we had already painfully experienced in our own lives, traditional education does not provide financial literacy. And we didn’t have any millionaire friends who’d show us how to raise our financial IQ.

Luckily enough, we found a number of families who were on the same quest for practical financial education for their children, and they helped us on our way. Five years and many books and courses later, I can confidently testify that financial literacy is not beyond the layman’s reach.

In 2 years and 6 months we paid off the seemingly insurmountable debt we had, including our mortgage. The best thing is that we could teach our children in the process.

And I would like to share some of the insights we received that we teach our children to this day:

The first thing we did is consciously invest time in teaching them everything we learned. Financial and business topics were encouraged instead of being banned at the dinner table. We also studied our budget with them and allowed them to suggest changes we could make.

We limited their pocket money to almost zero, and offered them many options to work at home and earn a lot of money that way instead.

We continually encouraged them to think of small business ideas they could implement.

We inspired them to study about finances and money management, and gave less attention to their traditional curriculum.

Now that we have portfolios, we show them to our children and teach them to work for this type of passive income.

To this day we teach them to be generous with their money.

We are constantly on the lookout for good mentors in all business areas.

Financial Aid And Distance Education Seem Like A Good Match For Obtaining An Online Degree

It’s true that distance learning is easily available, but what are the costs involved? Is distance learning any cheaper than physically attending a college or university? How about the possible financial aid? Are students who want to earn a degree in a ‘non-traditional’ situation eligible for financial aid? These questions are typical of students who wish to earn an online degree and finding the answers are important and not always easy to obtain.

Getting an in-depth, apples to apples, listing of two programs is difficult and makes it hard to get the answers about true educational costs with any precision. Knowing that the price of a degree these days is very high, you can be prepared to lay out a considerable amount of money no matter how you choose to get that degree, by way of attending school on campus or if you attend online.
Can an online education end up costing you more money than a traditional classroom learning environment? Sometimes it might cost you more! You can look around at various degree granting institutions and you might locate a distance learning program that costs less but as always, less money does not always result in getting a good deal.

No matter what educational method you pick out, you will be paying money for tuition, registration and application fees, and then you will need to buy required course materials. And these days people who attend the traditional on-campus way will need personal computers or a way to use computers that are equipped with the basic software and are connected to the internet. You can’t circumvent these items and the costs involved.

But what you won’t have to pay for when you attend school online is on campus or local room and board, commuting costs, childcare costs, various meal plans, daily parking fees, student insurance payments and many of the other costs that come with attending a traditional educational intuition. Those items are where you will get a price break, and this is the kind of items that will allow you to actually save cash. Time is another element in this equation. Saving time is like saving cash, because, ‘Time is money’.

Now, on to the question of financial aid: Are you going to be eligible for the financial aid? That is something you will not know until you fill out and send in a financial aid application form. Many people won’t apply for financial aid since they wrongly believe they have earned too much income to qualify. This is not a good pre-supposition since your earnings are only one of the factors involved in the decision to award financial aid.

The criteria for awarding a financial aid package (and the amount awarded) is normally computed based on various other factors. The various items considered could be the number of persons in the household, how many other household members are currently attending college, the your savings and investment holdings and other assets and sources of income you might have.

Anytime someone is denied financial aid, or if you are not approved for the money you need to attend, you can still exercise other options. You can submit an application for a student loan, and these are usually at better rates than other kinds of loans, but these kind of loans need to be paid back after you graduate. You might be eligible to obtain many of the plentiful grants and scholarships that are always offered to students. Grants and scholarships are given to those students who meet the eligibility standards and the great thing about these sources of cash is that need to be paid back later!

Teaching Financial Education is Critical and Primary Schools and Colleges Aren’t Doing It

What you are desperate to know NOW that you should have learned in school and college can be learned. Do you know how to have your money work for you? Or are you like 99.9% of the country/world and only know how to work for your money. I used to think that working for money and having a high paying job was good since that was all I learned in school and college. Teaching financial education is so important, especially today, and more financial literacy articles are needed. Now, thanks to Robert Kiyosaki, author of the best selling book, Rich Dad Poor Dad and many other related books, I know that what I learned in school will not make me rich.

Schools, unfortunately, do not see the significance of financial literacy for teens and children. Also, thanks to Robert’s ability to open my mind, I now know I have to be rich to enjoy financial freedom. Everyone who exerts enough effort will have financial freedom as their reward, and it is possible for anyone. Robert has taught me that I must educate myself to learn how to make my money work for me and create financial freedom.

When all our focus and efforts are on our job, we are helping our employers to become rich, but we are doing nothing to make ourselves rich. It is imperative that we focus first on our own financial education that will lead to our financial freedom. The ability to have our money work for us by acquiring income-producing assets is the most important financial skill, and we all will have to educate ourselves on this critical point. Educating ourselves is not as difficult as you might think. There are numerous financial literacy resources available; you just need to search for them.