Financial literacy course for adults – Overview:

This course is designed to help adults achieve financial literacy. Participants will learn the fundamentals of personal finance, budgeting, investing, and saving money. The course will also cover topics such as debt management, retirement planning, and building a credit history. Through hands-on activities and case studies, participants will gain the knowledge and skills needed to make informed decisions about their finances. By the end of this course, participants will be able to make smart choices with their money that can lead to a secure financial future.

Objectives:

By the end of this course participants will be able to:

– Understand basic concepts in personal finance

– Create a budget for their current income level

– Make sound investment decisions

– Develop a plan for retirement

– Manage debt effectively

– Build and maintain strong credit history

– Take advantage of available financial services

– Understand and manage taxes as an adult

– Establish financial goals and build a roadmap to reach them.

Course Outline:

Day 1: Introduction to Financial Literacy:

– The importance of financial literacy

– Overview of key financial concepts and terms

Day 2: Budgeting Basics – Creating the Right Plan for You:

– Setting realistic goals

– Tracking income & expenses

– Adjusting expenses to fit a budget

Day 3: Investing & Retirement Planning Strategies:

– Different types of investments and their risks/returns

– Developing an investment plan that works for you

– Understanding retirement planning options (401(k), IRA, etc.)

Day 4: Credit & Debt Management – Making Smart Choices Today that Will Lead to a Secure Future:

– Building strong credit history and tips on improving credit score

– Understanding common debt types and how to manage them

– Avoiding common debt traps

Day 5: Understanding Taxes, Financial Services & Your Roadmap to Success:

– Knowing the basics of filing taxes as an adult

– Taking advantage of available financial services (banks, credit unions, etc.)

– Establishing financial goals and building a roadmap to reach them.

Assessment Strategy: Participants will have the opportunity to demonstrate their knowledge and understanding through a variety of assessments. These may include written exams, quizzes, projects, presentations, and case studies. Assessments will be used to evaluate the level of competency that participants have achieved.

Certification: Upon successful completion of the course and assessment, participants will receive a Financial Literacy Certificate.

Glossary:

Debt: Money that is owed, usually to a lender.

Credit History: A record of an individual’s past borrowing and repayment activity.

Investment: The act of putting money into something with the expectation of generating future income or growth.

Retirement Planning: Strategies for saving and investing sufficient funds to ensure retirement income.

401 (k): An employer-sponsored retirement savings plan in which employees can contribute pre-tax dollars from their salary towards their retirement.

IRA: An individual retirement account that allows individuals to save for retirement on a tax-advantaged basis.

Financial Services: Banks, credit unions, and other institutions that provide financial products and services to customers.

Taxes: Money paid by individuals or businesses to the government in order to fund public programs and services.

financial literacy: The understanding of how to manage one’s finances, such as budgeting, investing, and saving for retirement.

personal finance class: A class designed to teach the basics of personal finance, including money management, budgeting, investments, and taxes.

finance education: The process of obtaining knowledge in order to make informed financial decisions. This can include learning about assets, liabilities, credit scores, debt management strategies and more.

financial plan: A comprehensive plan that outlines an individual’s or family’s current financial situation as well as their future goals and objectives. It is designed to help people manage their money effectively over time.

financial decisions: Decisions made by individuals with regard to their finances, such as investing, budgeting, saving, and debt management.

financial planning for young adults: A comprehensive plan designed to help young adults become financially responsible and secure their financial future. It often focuses on teaching the basics of personal finance such as budgeting, investments, debt management strategies and more.

planning for a secure retirement: A comprehensive plan that outlines an individual’s or family’s current financial situation and provides guidance on how best to save for retirement. It often includes advice on investment strategies, asset allocation models and Social Security benefits.

managing your personal finance debts: Strategies for managing debt, including repaying loans, reducing credit card balances and consolidating loans.

personal taxes: Understanding the basics of filing taxes as an adult and taking advantage of available deductions and credits.

behavioral finance: The study of how psychological biases influence financial decisions.

financial educators: Professionals who are knowledgeable in personal finance and can provide guidance on how to make sound financial decisions.

personal finance planning: Creating a plan for managing finances that includes short-term goals as well as long-term objectives.

financial goals: Setting objectives for financial success that are realistic and attainable.

Money management: Developing strategies for managing money in order to achieve specific financial goals.

Financial situations: Understanding the current economic environment to make well-informed decisions about investments and other financial matters.

Certified Financial Planner: A professional who is trained and certified to provide personal financial advice and guidance.

National Financial Educators Council: An organization dedicated to educating individuals on sound money management practices and promoting financial literacy.

Planning for a Secure Retirement: Developing strategies for saving sufficient funds over time to ensure retirement income.

Financial Well-Being: Being able to live comfortably while having the ability to reach short-term and long-term goals.

Financial Needs: Identifying the monetary resources necessary to meet current and future financial needs.

Emergency Fund: A dedicated savings account for unexpected expenses.

Financial Knowledge: Understanding personal finances in order to make informed decisions.

Financial Health: Having the necessary resources to live a secure, comfortable life.

Financial Education Journey: Learning how to effectively manage money in order to achieve financial freedom.

Financial Literacy Course for Adults