Course on Financial Literacy & Basics of Economics Smart Steps
Why Financial Literacy Matters
Understanding money isn’t just about saving; it’s about building a secure and empowered future. Our course equips young learners with the essential knowledge and skills for financial well-being.
Make Informed Decisions
Learn to critically evaluate financial choices, from everyday spending to future investments.
Manage Money Effectively
Develop practical skills in budgeting, saving, and understanding the flow of income and expenses.
Foster Financial Responsibility
Understand the impact of financial choices on personal well-being and the wider community.
Course Overview: Duration & Eligibility
Course Duration
The course is designed to be completed over 1 month, with weekly modules that can be adapted to fit various schedules. Each module includes interactive lessons, activities, and quizzes.
• Weekly Milestones: Encourages consistent engagement and progressive learning.
• Flexible Learning: Modules can be integrated into existing curricula or completed at home.
Eligibility
“Smart Steps” is ideal for primary and secondary school students, with content thoughtfully adjusted for different age groups. Educators and parents are also encouraged to participate to support the learning journey.
• Primary Level: Focus on basic concepts like saving and needs vs. wants.
• Secondary Level: Deeper dive into budgeting, credit, and introductory investing.
Core Course Objectives
By the end of “Smart Steps,” learners will be able to:
Understand the Value of Money
Recognise where money comes from and its role in daily life.
Differentiate Between Needs and Wants
Make informed spending decisions based on priorities, not just desires.
Practise Saving and Budgeting
Set financial goals and create simple plans to achieve them.
Explore Ways of Earning Income
Understand different methods to generate money, from chores to future careers.
Begin to Grasp Credit & Debt Concepts
Learn the basics of borrowing and the importance of responsible repayment.
Appreciate the Importance of Giving
Understand how financial literacy extends to supporting others and the community.
Key Learning Modules
Foundations
Our comprehensive curriculum covers the fundamental building blocks of financial understanding.
Module 1: Needs vs. Wants
Understanding the difference between essential items and desires to make smart spending choices.
Module 2: Earning Money
Exploring various ways young people can earn money, from household chores to entrepreneurial ventures.
Practical Skills
Module 3: Saving for Goals
Setting realistic savings goals and understanding how to put money aside for future aspirations.
Module 4: Basic Budgeting
Creating a simple budget to track income and expenses, ensuring money goes where it's needed most.
Beyond the Basics: Credit, Debt & Giving
Introduce slightly more complex topics, emphasizing responsible financial behaviour and the spirit of generosity.
Credit & Debt: Borrowing Responsibly
Understanding the basics of borrowing, the concept of credit scores, and the importance of timely repayments.
• What is Credit?
• Understanding Loans
• The Value of Trust
Giving & Sharing: Financial Generosity
Exploring the impact of giving back to the community and understanding charitable contributions.
• The Joy of Giving
• Community Support
• Responsible Philanthropy
Introduction to Investing: Making Your Money Grow
A foundational look into the world of investments, explaining how money can work for you over time.
Start Small
Begin with small, manageable amounts to understand the process.
Diversify
Spread investments across different areas to reduce risk. Visualise your money growing like a tree
Long-Term Vision
Understand that investing is about patience and growth over time.
Why Financial Literacy in Schools?
Integrating financial education into the school curriculum equips the next generation with vital life skills.
• Global Competitiveness: Prepares students for an increasingly complex global economy.
• Empowering Education: Transforms abstract economic concepts into practical, relatable lessons.
• Economic Stability: Fosters responsible financial habits that contribute to broader economic health.
• Personal Responsibility: Teaches accountability in managing personal finances from a young age. It’s an investment in their future, ensuring they are well-prepared for the challenges and opportunities of adulthood.
Teaching Approach: Make it Engaging and Relatable
Our methodology focuses on interactive and practical learning, making financial literacy fun and accessible.
Make it Fun
Recognise where money comes from and its role in daily life.
Open Conversations
Encourage open dialogue about money at home and in the classroom, demystifying financial topics.
Be a Role Model
Educators and parents lead by example, demonstrating responsible financial habits.