Teaching about Finance to Enhance Financial Literacy

If you want to become a finance teacher in Canada, there are certain requirements to work as a teacher. You need a teacher’s certificate and a B.Ed. or Bachelor of Education degree or equivalent.

Becoming a Teacher and Teaching Finance

To become an instructor in finance or economics, you should have completed a PhD program. The requirements vary from one department to another but applicants are usually asked to provide a statement of teaching philosophy, copies of relevant publications, a CV, and a letter of application. Some departments offer full-time and part-time positions and applicants are asked to submit reference letters, teaching evaluations, and their resume as well as their teaching interest and area. This is an excellent opportunity to join a team of academics with a focus on community outreach, interdisciplinary studies, and faculty research. Universities often offer a generous benefits package that includes health and wellness program, employee assistance program, vision and health care plan, death benefit, travel insurance, sick leave, as well as life insurance and pension plan. Another option is to become a finance coach or instructor and teach finance concepts and topics such as debt avoidance, management, and reduction strategies, financial and budget planning, credit building and repair strategies, saving methods and strategies, See here: https://www.lifeoncredit.ca/ . To this, one option is to enroll in an accredited program such as the certification program offered by the Canadian Association of Credit Counseling Services: http://www.caccs.ca/ Such programs are open to professionals in different fields:

  • Independent practitioners
  • Educators
  • Life coaches
  • Addiction counselors
  • Investment advisors
  • Accountants
  • Para planners
  • Paralegals
  • Tax consultants
  • Social workers
  • Lending specialists
  • Bankers
  • Customer service agents

They are also open to collection agents, certified financial planners, real estate professionals, mortgage brokers: https://www.lifeoncredit.ca/can-i-get-a-mortgage-with-bad-credit/, insolvency and bankruptcy professionals, as well as credit counselors. Professionals learn about essential concepts in multiple areas, including counseling and money management, consumer credit, personal finance, and many others. Certification programs offer knowledge and skills to work with government authorities, funders, creditors, and the public. Financial practitioners who complete certification programs successfully are able develop educational sessions, training programs, and workshops for employees, families, and individuals with the goal of enhancing their financial literacy.

Teaching about Finance

One option is to become a university instructor in finance. Universities accept applicants holding degrees in international management, marketing, strategic management, human resources, finance, and accounting. Another option is to join a non-profit organization that aims to promote financial and economic literacy. Elementary and high school teachers also incorporate money and finance lessons and use a wide array of educational resources such as calculators, games, lesson plans, and so on. Financial literacy can be part of the citizenship and math curriculum in high schools. The goal is to teach students essential knowledge and skills such as money management. Teachers use different resources, including interactive quizzes and games to introduce concepts such as interest rates, borrowing, saving, budgeting, and others. There are plenty of options and career paths if you want to teach finance. You can work as a GMAT instructor, business administration instructor, accounting instructor, or instructor with a mentorship program. Full-time and part-time positions are available.

Family Financial Planning

Family financial planning is the key to your future and wellbeing, whether saving for retirement or for your kids’ college education.

Factors to Weigh in

Weigh in factors such as household size, age and gender of family members, income and expenses, total debt load, lifestyle, and others. Your employment status, i.e. salaried employee, seasonal worker, unemployed, or homemaker is another factor to take into account. Whether you are a young couple or close to retirement is an important consideration as well. Think of your short-, mid-term, and long-term priorities and goals too, whether it is a holiday overseas, a short trip, the purchase of a new vehicle or household appliances, or anything else. [Read more...]