I am the wellness coordinator for my work site and the larger organization is offering $1000 to help with financial literacy. We have about 30 people on staff 13 of whom explicitly requested financial literacy support (which was the most voted topic). I thought about getting books for people, there could be one on getting out of debt and basic investing, basic stock market investing, and then maybe one for late career to help with retirement preparation. Any ideas for specific books? I also thought about buying subscriptions to different budget tools like YNAB. I do have to describe metrics of success and then show those metrics 6 months later. Thanks in advance for your insights.

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Scr0bD0b t1_iujmavr wrote on October 31, 2022 at 8:43 PM

Will throwing books and Reddit subs at them support the intended goal?

I imagine these people have access to libraries and the Internet already.

dequeued t1_iujmgjo wrote on October 31, 2022 at 8:44 PM

Here:

https://www.reddit.com/r/personalfinance/wiki/readinglist

SlyTrout t1_iujmv5w wrote on October 31, 2022 at 8:47 PM

It might help to ask around and see what specific topics people want to learn about. Financial literacy is a very broad subject and you probably could not cover everything that might be useful.

Missus_Aitch_99 t1_iujj6z7 wrote on October 31, 2022 at 8:22 PM

I found Personal Finance for Dummies very helpful when I was first starting out investing. I hope the title wouldn’t put people off. It’s a very useful overview of all topics finance — saving, investing, debt, insurance, etc.

Baby_Hippos_Swimming t1_iujwjn1 wrote on October 31, 2022 at 9:57 PM

I would sign them all up for YNAB if you need to measure results. I just think it would be a lot easier to get someone to sign up for an account than it would be to make sure they got around to reading the book before the 6 months is up.

Also educational videos for a "lunch and learn" events because getting people together with free sandwiches to watch a video about financial literacy is going to be a lot easier to measure than figuring out whether or not people read the books you bought them.

You could also buy prizes for drawings for 30 day challenges, like people who track their expenses for 30 days in a row.

I just wouldn't give them books and expect to have something measurable at the end of 6 months. I just know how people are, they're busy, they won't get around two homework assignments.

mrbrsman t1_iujleyz wrote on October 31, 2022 at 8:37 PM

Financial peace university course or the Total Money Makeover as a book group.