Empowering Future Beauty & Wellness Professionals
With Jill Krahn
Jill Krahn, a leader in the beauty industry, has worn many hats throughout her career —cosmetologist, salon owner, school operator, and advocate. Her passion for helping future beauty professionals thrive goes beyond technical skills; it includes giving them the tools they need to achieve financial success. Jill's vision came to life with the integration of MONEY EDU, the flagship financial curriculum from Qnity for Schools, into her school. This transformation is not just a curriculum change — it’s a movement toward empowering the next generation of beauty professionals with essential financial literacy skills.
Identifying a Critical Need for Financial Literacy
When Jill first recognized the lack of financial education in beauty schools, she saw a clear opportunity to address this gap. Many beauty professionals face challenges managing their finances, often due to a lack of formal financial education. Jill’s goal was simple yet profound: equip students with the financial knowledge they need to build successful, sustainable careers. MONEY EDU offered the perfect solution by addressing the specific financial needs of beauty and wellness professionals.
What MONEY EDU Brings to the Table
MONEY EDU is a comprehensive financial education program tailored to beauty and wellness students. It covers crucial topics such as budgeting, compensation structures, and financial planning — knowledge that is often missing from traditional beauty education. Jill implemented this program to give her students a practical understanding of money management, preparing them for real-world financial decisions.
Key Areas of Focus Include:
Budgeting and Money Management: Students learn how to manage income, track expenses, and make informed financial decisions.
Financial Planning: The curriculum helps students set and achieve financial goals, such as purchasing a car or home.
Compensation Understanding: MONEY EDU provides insight into the various compensation models in the beauty industry, empowering students to maximize their earnings.
Four Steps to Successful Implementation of MONEY EDU
Jill’s successful integration of MONEY EDU wasn’t an overnight change — it required thoughtful planning and commitment. Below are the steps Jill suggests for implementing a financial literacy program like MONEY EDU into a beauty or wellness school.
Step 1: Identify the Need in Your School
Every beauty school may have different financial literacy gaps, so it's essential to assess where your students need the most help. Jill advises school operators to evaluate their current curriculum to identify where financial education can add value.
Step 2: Tailor the Curriculum to Your Students’ Needs
MONEY EDU is a versatile program, but Jill emphasizes the importance of tailoring the content to meet the unique needs of students. Her school, located in Fargo, North Dakota, adapted the program to focus on real-world financial scenarios relevant to their student base — whether it's understanding tips, commissions, or managing freelance income.
Step 3: Provide Ongoing Support and Resources
Implementing a financial curriculum isn't just about teaching the material; it’s also about providing the right support. Jill’s school offers additional resources and one-on-one support for students who need extra guidance, especially for those from diverse backgrounds or with varying levels of financial literacy.
Step 4: Track Progress and Encourage Financial Goals
Jill encourages beauty schools to actively track student progress with the MONEY EDU curriculum. Her school uses assessments to measure how well students are absorbing the material, while also encouraging them to set personal financial goals. This accountability helps ensure students are not just learning but applying these concepts in their daily lives.
Empowering Future Professionals through Financial Literacy
By taking these steps, Jill has positioned her students for long-term financial success. She believes that a solid financial foundation is just as important as mastering the technical skills of beauty and wellness. By equipping students with the knowledge to manage their finances effectively, Jill is helping to build a financially savvy generation of beauty professionals — people who are ready to take charge of their personal and professional financial futures.
The Legacy of MONEY EDU
Jill Krahn’s dedication to financial literacy through MONEY EDU is setting a new standard in beauty and wellness education. Her commitment to implementing this program reflects a broader vision of creating a more informed, empowered workforce in the beauty industry. Through MONEY EDU, Jill is not just preparing her students for success in the salon but also for success in life, helping them build a foundation of financial stability and growth.
MONEY EDU by Qnity is the premier financial literacy program tailored for beauty and wellness professionals, reaching nearly 40,000 students to date.
This initiative, brought to you by Qnity for Schools, complements your curriculum, equipping the next generation with essential financial training alongside technical training. With 8 modules and 40 visually stimulating lessons, you'll empower your students with training on critical topics such as financial pros and cons of each career path, tax compliance essentials, interpreting profit and loss statements, student loan repayment strategies, and so much more.
With hands-on support from our client success team, we work with each school to integrate seamlessly into your curriculum. Together, let's empower the next generation with technical AND financial education. Click here to learn more.
Want more?
Check out Qnity for Schools’ recent white paper on the state of financial literacy in beauty and wellness.