Owing to the present difficult economic situation, financial literacy has turned out to be one of the hottest topics of discussion in the media. Being economically savvy is extremely important for making the type of smart money decisions, that’s essential for having a good standard of living.
Your college years must be the years of gaining knowledge, but nobody is truly conscious of the significance of financial literacy.
A majority of the college students feel that their institution didn’t really train them for the “real world”. They believe that their college might have provided them with formal teachings, but didn’t really introduce them to the real world skills.
With no real work experience and no savings, a number of students are finding it difficult to make ends meet. Hence, financial education is something that’s extremely important in every student’s life.
When it comes to financial education, social media plays an important role. Lots of students use social networking to remain in touch with their family and friends. As an administrator, instructor, or parent, you can communicate effectively with students via Twitter, Facebook, Google Plus, and YouTube.
According to a study conducted by the Higher Education Research Institute, a majority of the first year undergraduates spend time on social networking websites. Again, a lot of colleges and universities have begun using Facebook and Twitter in the classroom. If students are utilizing an online medium such as Twitter and Facebook to share their thoughts, they might be more interested in joining discussions in the classroom.
Social networking sites are also an affordable means to communicate news to both students and alumni. Once you start remaining advanced with the technology that students use on a day to day basis, it’ll help you be more effectual with your ideas, alumni dealings and campus outreach.
Look for friends – Get in touch with other schools, students, administrators, and professors who are using social networking sites such as Facebook or Twitter.
Share information – Inform students about forthcoming occasions, campus news and useful resources. You may also share information with other staffs.
Use in classroom – Lots of schools are encouraging Facebook and Twitter participation in their classroom, since this is a simple way for students to take part in lecture halls or outdoor class.
Place questions – Use the platform provided by Facebook and Twitter to raise questions and initiate a conversation.
In contrast to accepted belief, educational and interesting YouTube videos do exist. A website has been created by The National Endowment for Financial Education where users may submit comments or videos about goods they previously purchased but never used.
Instances of videos include an obsession to buying the latest cell phone, spending $10,000 per year on a diet coke habit, or purchasing an old-fashioned costume and regretting it later.
This is a guest post by Kevin Craig who is a financial writer