Blog | English Language Learning | Centre For Excellence

Setting Financial Goals

  • Setting Financial Goals

The following blog post was written by Heidi Beyer, a faculty member at the Centre for Excellence in Immigrant and Intercultural Advancement.

So, you want to start talking to your ESL literacy learners about saving money and setting financial goals, but the problem is you don’t know where to start. 

Regardless of literacy level, start by inviting learners to share their dreams for the future.  What do they want to do?  What are their dreams for their families?  Do these dreams cost money? 

Distribute magazines, newspapers, flyers and other promotional materials.  Have learners find an image that represents their dream(s) for the future.  After learners have selected images, have them talk to a partner and explain what the image represents.  While learners are talking, write the word ‘dream’ on the whiteboard.

After learners have shared in partners, ask the group for a show of hands: does anyone have a plan to get the money to pay for their dream(s)?   Write the word ‘goal’ on the whiteboard.  What is the difference between a dream and a goal?  Elicit responses.   Define a financial goal as a plan for your money in the future.  Invite volunteers to share their plan, or share one of your own.

Tell learners that you are going to work together to set financial goals and make plans.

From this point, you could:

  • Use the resources and templates in the Financial ESL Literacy Toolbox for Phases I, II and III.
  • Use these Exploring our Relationship with Money resources as conversation prompts. Note: these resources are not appropriate in their current format for literacy learners, but they could be adapted.
  • Use these Money Skills templates and adapt the board game to facilitate discussions about money. Note: these resources were developed by Barclays Bank to support curriculum teaching in the UK.

How have you started the conversation with your learners?