Best Practices
- Integrate financial literacy education into what you’re already doing. Recognize teaching opportunities that feel smooth and natural within the work you’re already doing, by using the natural touch points you already have with your clients.
- Use creative wording. The right vocabulary can make lessons more effective. Creative wordplay, like turning budgets into spending plans or emergency or retirement funds into relaxation or freedom funds, can make learning about money less intimidating.
- Make the lesson relevant. If money management lessons are personal and relevant, the message will truly stick. Discuss topics that matter most to your audience and use examples they can connect with.
- Customize your message. The basics of good money management remain constant. Even though the message doesn’t change, altering your delivery method can change the way it’s received.
For younger students, a lecture based approach with interactive games and activities may work best, because that’s what they’re used to in school. For adults, a participation based, goal-driven approach would most likely be best.
