The Need for Financial Literacy
In today’s complex world, teaching kids about finance early on is crucial for their future success and independence. By making finance fun and accessible, we’re empowering our kids to navigate the financial landscape with confidence and skill!
Course Content
Importance of pocket money:
Helps children learn money management
Concepts and practices:
Setting short-term and long-term goals
Formulating strategies
Factors affecting pocket money amount and frequency:
Age, responsibilities, needs, budget
Establishing rules and expectations:
Uses, savings goals
Creating a pocket money agreement:
Involving children
Managing pocket money:
Tracking expenses, budgeting, saving
Distinguishing needs from wants
Learning comparative shopping and finding deals
Encouraging charity donations and selecting projects
Review and Homework:
Summarizing key points and learning outcomes
Assigning homework for families to practice together
Providing opportunities for questions and sharing experiences
Teaching Method
💫 The course combines lectures, discussions, and practical activities to ensure both interest and practicality.
💫 Parents and children are encouraged to continue practicing the concepts in their daily lives after the course.
Course Outcomes
✅ Recognize the importance of pocket money in developing children's money management skills.
✅ Learn how to teach children responsibility with money through pocket money.
✅ Understand how to create a pocket money plan based on the child's age, needs, and family's financial situation.
✅ Learn to establish clear pocket money usage rules to help children understand the value of money.
✅ Improve children's budgeting and adherence abilities through pocket money management.
✅ Educate children to control impulse spending and develop delayed gratification skills.
✅ Encourage children to set savings goals and regularly save a portion of their pocket money.
✅ Teach children how to make wise spending decisions and distinguish between needs and wants.
✅ Guide children to understand that money can be used to help others, fostering a charitable mindset.
✅ Educate children on how to safely manage and store pocket money.
✅ Learn to adjust the pocket money plan based on real-life situations to meet changing needs.
✅ Boost children's confidence and independence by successfully managing pocket money.
Financial Literacy Coach
