Please fill out survey at www.surveymonkey.com/r/FTWKCY8 and SHARE it with all your friends. If I could spread the word, that would be awesome.
Financial literacy is the ability to use knowledge and skill to manage one's personal financial resources effectively and efficiently in order to establish lifetime financial security and stability. it ranges from creating a budget plan, saving money, understanding investments, advantages and disadvantages of student loans, managing personal credit, managing credit cards, insurance policies and expenses, housing and automobiles, and so much more. The concept of understanding finances has always been of great interest to me. I have always wanted to understand how to manage my own personal finances and improve my management skills. It has always been one of my passions. However, as I grew older, talking about personal finances, seemed more and more like a taboo subject. No one wanted to admit their financial well-being and how they measured up to the rest of society. It was incredibly hard to judge how your salary compared to your friends, how much debt you have collected during college, or even the simple need to ask for financial help because of the stigma of shame that comes along with it. I realized I learned financial literacy, too little and too late. Like many people, I learned basic finances from my parents when I first opened my first bank account when I got my first job. This was in my last year of high school. My parents placed my savings in a mutual fund investment after consulting with our family broker, I had a savings account to store my tuition money, and a tax free savings account. The bank told me I had limitations. I could spend $100 a day and $500 a week. But after that, I had free reign. I got my first credit card at age 18. My parents wanted for me to build my credit record as soon as possible. Only when I was much older did I understand why. I was a responsible child. I never spent too much and always compared prices before making any large purchases. I set up a policy that if I really wanted something, I'd come back for it the day after. If I didn't remember it, then it wasn't worth it. Unfortunately many of my friends were not so lucky. I came to realize that many of my friends learned their financial literacy from their parents, like myself, the internet, or by circumstance. Not many were taught how to manage their own finances. Many had to navigate their paths on their own. I remember clearly in high school, I took a required class called CALM. It was meant to introduce us to Career and Life Management. I took it during summer school, like many of my classmates, for 2 weeks. We looked over topics such as budgeting, resumes, healthy eating, sexuality and safety. Can one truly grasp the concepts of managing personal finances in less than 2 weeks? These are skills that you will need all your life but high school students are receiving so little exposure to it. Is this really how we are setting future students and young adults up for success? I decided to do something about it. And from this concept, sprouted my idea of teaching young adolescence financial literacy. In the beginning I doubted myself into thinking this issue may not be as important as I presume. I asked some of my close friends their thoughts. But, I can't always rely on them to give me accurate, unbiased answers. So I created a survey. Please see link attached www.surveymonkey.com/r/FTWKCY8. It is very short. Thank you for taking the time to fill it out. If you could share it with your friends on Facebook or other social media, I would really appreciate it. Making surveys aren't easy. You have to consider just the right wording for specific questions. What kind of medium to use to evaluate, whether it be a checklist, multiple choice, rating system, long answer, or another. You have to account for you who you are targeting audience is. You need to account for age differences, business experience. Managing the scope of your target market. You have to make your questions short and concise. There can't be too many questions but not enough questions won't fully capture the data. And most of all, you need to capture your audience and advertise your survey by posting and making it available and easily accessible. You need to advertise it properly to get the most amount of feedback as possible. You need to utilize your networks as best as possible. You need to account for the best time to address your target market to achieve the best results. There are a lot of factors that come into play and take into account. There's a lot more to creating a survey than meets the eye. This means spreading the word through personalized messages to friends, posting on your Facebook wall. Contacting old friends to ask them to fill it out. Getting in touch with profs, supervisors, even the student union or president of your school. It means posting on group chats, event pages, groups that you've been accepted into. It also means being able to handle set-backs and disappointments when your requests are rejected. The next step after this is deciding on which part of financial literacy is most important to understand and researching the more about the topic and the best way to teach it. This is the first time I've actually really put my plans into action. I've finally taken the initiative and really doing it. It's hard to believe sometimes that this idea isn't my imagination. My idea is really coming to life. I've learned a lot from the experience. I'm going to keep my survey up and continue to gather data for as long as I can. It's only been one day and I've already started to see some trends. I have my friends for helping spread the word. Many thanks for your help.
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AuthorHi. My name is Jane and I dream of being an influencer for positive change. I believe that change is the accumulation of small everyday habits and decisions. Will you journey along with me? Archives
August 2020
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