Financial Literacy by First Alliance Credit Union

3 Financial Benefits of Adult Education

Written by Chris Gottschalk | May 3, 2022 9:45:00 AM

Adult education has been around for a while, but thanks to sites like Coursera, Skillshare, Masterclass, and even YouTube, adult education is enjoying something of a renaissance. You can learn practically any skill  from sewing your own clothes to learning how to juggle. You can even take PhD level courses if you’d like.

Adult education doesn't just offer you the chance to learn new skills, though. It also provides some great financial benefits. 

Adult Education Improves Self-Sufficiency

The biggest way adult education can help you financially is by teaching you skills that increase your self-sufficiency, like sewing, cooking and accounting. When you know how to do these types of skills, you no longer have to pay someone to do them for you. If you know how to cook, for instance, you can create delicious food for yourself without having to spend money at a restaurant.

It’s worth pointing out that almost any skill you learn from an adult learning course can help you be more self-sufficient. When you learn to juggle, for instance, you’ve developed a skill that you can put to use as a great side hustle for events are parties.

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Adult Education Provides Opportunities for Networking

Adult education also offers you the opportunity to connect with new people. While this is a great way to make friends, it’s also an ideal way to network.

Networking has a lot of benefits, but one of the biggest benefits is helping you get a new job. The Bureau of Labor and Statistics concluded that 85% of jobs are filled by networking, which means that the more people you know, the better chance you have of hearing about an open position that might just be your dream job.

All Education can Have an Economic Benefit

Finally, any new skill you learn will give you an economic benefit. One of the best examples of this comes from Apple founder Steve Jobs, who famously took a calligraphy class after he’d dropped out of college. Later, when Apple created the first Mac computer, Steve Jobs used his knowledge of typography to give the Mac some aesthetically pleasing fonts that were unlike anything on any other computer at that time.

Let’s go back to learning how to juggle. Even if you don’t use your skills to earn money, learning to juggle has been shown to improve your concentration, spatial awareness and strategic thinking. These skills can directly help you be more effective at pretty much any job. It might get you a raise or a promotion, or it might just give you the confidence to tackle a project you’ve always wanted to do.

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Learn a New Skill With First Alliance Credit Union

When you learn a new skill, you’re not just becoming more knowledgeable. You’re also putting yourself in a position to boost your finances by networking with people and becoming more self-sufficient.

If you’re looking to learn something new, become a member of First Alliance Credit Union today and take advantage of the services and resources we offer. You can take out a personal loan to fund your adult education or open up a Coverdell Education Savings Account if your education plans include getting a Masters or a PhD. We also offer a lot of free guides on our resource center that will let you learn how to save, budget and even optimize your move to Rochester.