How to volunteer yourself to make people financially literate

The coming holidays are the most useful time to share and get gifts. This is the time when different non-profit organizations look for people who can help them as volunteers. 

Whether you’ll be providing a service like serving food in a joint or taking care of pets at an animal shelter, there are lots of options available to you. Here I want to focus on some common and easy options for volunteering to promote financial literacy.

Helping someone else to manage their finances is a great thing! If you are aware of the basics of financial planning, you should assist people who haven’t had access to a great financial education and need this valuable resource. 

Just a few hours of support in a month can put a great influence on the lives of children and adults in your community. Here are a few excellent options to look for:

1. Tutoring

Tutoring is one of the greatest options to provide help to people dreaming about succeeding professionally and academically. By educating people you’ll not only help them to improve their self-confidence but also helping them to build a solid foundation for financial literacy. 

Being a teacher. you can provide the knowledge of technical skills that can help them successfully manage their money. People need to learn the value of money through advanced math like algebra and statistics. 

Being a teacher, you should also teach people the importance of reading, writing and critical thinking skills. These skills can change human lives by helping them to understand complex agreements, express their thoughts, and judge every situation from every possible angle. It is quite necessary for managing money. 

How to start? If you’re not sure about that, you may try with your local library or school district for options.

2. Financial management

You may believe it or not, managing money every month is a very difficult job for us. However, some seniors and disabled people are struggling with managing their finances, and not getting helped by other their families. You can help these people by “volunteering to assist them through an advocacy organization”. The American Association of Retired Persons (AARP) Money Management Program may train you to act as bill payers or representative payees for people who require your help. After entering the program and completing a short training session, you’ll be matched with a person who needs your attention.

If you do not find this service in local charities, the Money Management Program will help you to reach to a local senior center or an advocacy center for supporting needy adults.

3. Credit counseling

You may volunteer as a credit counselor and help people to know more about credit, debt, bankruptcy, and several ways to manage money. Considering the program you are enrolling with, you may get a partner through an agency or lead small classes. Money Management International (MMI), running a network of nonprofit consumer credit counseling agencies, may train you to lead financial education workshops. 

You have to deal with various topics such as managing income, controlling debt, buying your first home and understanding credit scores. The programs will provide you with materials, support, and training, but it will be easier for you if you have a finance-oriented background. With proper knowledge and training, you can also teach common people about the importance of credit. You can teach people how to get out of debt with a suitable payment plan so that they can save more and get out of debt easily.

4. Tax preparation

The IRS provides free tax preparation services for senior citizens, the disabled, veterans, and low-income people. You can volunteer yourself as an income tax assistant with a participating organization in your community.

You’ll get free training sessions which may help you to handle basic federal and state forms. You’ll learn how to promote special tax credits and help people save money.

5. Home buying helper

You may work individually or join a realtor. Today people are seeking a good advisor who can provide the proper information on real estate and home buying.

You may provide information on the property listing, how to deal with a buyer/seller while selling/buying a property, and things you should check before taking out a home loan, etc.