Our economy had taken a recent downturn and many Americans are in serious financial trouble. Credit card debt is at an all time high and savings is at an all time low. Most Americans are not at all prepared for retirement. Many of our nation’s financial problems stem from a lack of financial preparedness due to inadequate financial literacy training.
According to Ben Bernanke, the Federal Reserve Chairman, “the financial preparedness of our nation’s youth is essential to their well-being and of vital importance to our economic future,” “In light of the problems that have arisen in the subprime mortgage market, we are reminded of how critically important it is for individuals to become financially literate at an early age so that they are better prepared to make decisions and navigate an increasingly complex financial marketplace.”
In other studies the National Association of State Boards of Education’s research that shows that ‘most workers are not participating sufficiently enough to allow comfortable retirement’. What can be done? That’s where providing youth financial course and financial education comes in.
How to choose an effective youth financial literacy course:
Implement a ” Financial Literacy Course” that teaches youth how to be financially successful instead theory bases=d financial course programs. The ultimate goal of any financial literacy course should be to help our young people set and accomplish their financial goals. If you focus on financial literacy courses that teach students practical skills they can relate to you will help them reach financial independence. A dynamic financial literacy course will get students excited about money and ensure they put what they learn to use.
Seek out a Financial Literacy Course that keeps the student’s interest. A financial education course should engage students with different activities and active learning helps the students internalize financial literacy education so they benefit from this knowledge throughout their life.
It is important our children complete a practical financial literacy course so they are prepared for the ‘real world’. These financial courses will give our young people a head start in pursuing a rewarding financial life. A good fiscal course makes it a lot easier than trying to pick up this information by educating yourself.
Choose a financial literacy course that is designed to give your child a financial head start. Recent home-study financial courses are now on the market and are designed to educate & entertain youth while instilling practical financial lessons. The MoneySmarts Course offers young people a financial experience in multi-media that is sure to hold their attention. Some even have partnered with sports stars & celebrities to create a powerful draw so your children want to check out what their favorite celebrity is doing and picking up money lessons along the way.
Maximize the effectiveness of your youth financial literacy course by getting a financial literacy education that is designed to get students excited to learn about money. The confidence that a practical financial education can bring to students will have long-term positive benefits that affect many areas of your student’s life.