Step 3: Develop recommendations – Fast Lane
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Step 3: Develop recommendations

How can we do a better job of raising financial literacy among students?

Once the need for financial education has been established and information on program implementation has been collected, the third step is to analyze the information and develop recommendations for improvement.

Purpose of step 3
  • Identify strengths and weaknesses of programs.
  • Provide recommendations for program improvement.
  • Discuss your recommendations with stakeholders.

How to start Step 3

Identify gaps

Identify gaps between the need for financial education and the current program implementation. Use all the information you have collected in Step 1 and Step 2 to show what needs to be improved.

Develop recommendations

Develop recommendations that are backed with a strong message. Get some ideas on how to create a powerful message that is tailored to your audience.

Discuss findings

Discuss findings on the need for financial education and its implementation with teachers, students, and other stakeholders.

Facilitate a workshop or meeting

Facilitate a workshop or meeting with program participants to receive feedback. For example, the Financial Literacy and Education Commission holds annual public meetings to discuss future and ongoing initiatives. Read the public meeting minutes from 2017.

Supplement research with testimonies or surveys from program participants.

In 2015, a Financial Literacy Commission was created in Vermont. The commission conducted an evaluation of financial education programs in the state, and collected information through testimonies. Read the 2018 Financial Literacy Commission Report, published by the Office of the State Treasurer.

Ask experts

Ask financial education experts to provide feedback on recommendations or best practices.

To ensure recommendations lead to program improvement, it is important to include feedback from a variety of stakeholders.