ERIC Number: ED186055
Record Type: Non-Journal
Publication Date: 1979-May-10
Reference Count: N/A
Personal and Family Financial Planning: The Need and the Promise.
Elfenbein, Iris M.; And Others
The first of a series on personal and family financial planning (PFFP) education, this publication presents five papers examining the need for educational programs that emphasize the use of financial resources in ways that contribute to family stability. C. Raymond Anderson discusses the inability of many individuals to realistically manage financial resources and describes seven PFFP competencies: (1) analyze goals, (2) assess financial resources, (3) design a family financial plan, (4) effectively execute the plan, (5) effectively buy, borrow, invest, and save, (6) evaluate and change financial plans to meet changing economic conditions, and (7) provide an adequate income base. Next, Mary Beth Minden identifies federal consumer protection laws, considers their costs and benefits, and urges that PFFP programs examine governmental and societal factors that affect family financial planning. Joel L. Burdin suggests that PFFP be fused with teacher education and provides guidelines for the use of instructional materials and other resources in PFFP programs. James L. Wattenbarger examines the vocational, non-credit emphasis of community college curricula and discusses the role of PFFP instruction in providing for diverse community needs. Mervin D. Lynch and Melissa Levi examine the relationship between financial planning and self-concept development at various stages of the life cycle. (JP)
Descriptors: Adult Development, Adult Education, Community Benefits, Community Colleges, Consumer Economics, Consumer Education, Consumer Protection, Educational Needs, Family Financial Resources, Family Life Education, Federal Regulation, Home Management, Instructional Materials, Money Management, Postsecondary Education, Self Concept, Teacher Education
Publication Type: Speeches/Meeting Papers; Collected Works - General; Opinion Papers
Education Level: N/A
Authoring Institution: American Council of Life Insurance, Washington, DC. Education and Community Services.