Basic Financial Literacy   -Beginners

Description

The "Basic Financial Literacy" program introduces children to essential personal finance concepts, including managing money, saving, budgeting, and investing. The program focuses on helping children understand the role of money in their daily lives and equipping them with skills to make smart financial decisions. Through interactive activities and practical exercises, participants will learn how to plan for their financial future and develop healthy money habits.

Duration: 4 days (Total of 10 hours) 

Target Audience: Children aged 10 to 15 years 

Objectives: 

1. Learn Basic Financial Management: Teach children how to handle money, including earning, spending, saving, and investing. 

2. Develop Financial Planning Skills: Help children create simple budgets and understand how to allocate resources effectively. 

3. Encourage Saving and Future Planning: Instill the importance of saving and how it contributes to long-term goals. 

4. Understand Basic Financial Concepts: Introduce key terms such as income, expenses, interest, and investment in an easy-to-understand way. 

5. Build Financial Awareness: Encourage participants to make informed financial decisions in their daily lives and future.

Topics Covered: 

- Day 1: 

   1. Introduction to money: What is money, and why do we need it? 

   2. Ways to earn money and understanding the difference between needs and wants. 

   3. Saving vs. spending: When and how to make these decisions. 

- Day 2: 

   1. The concept of budgeting and how to create one. 

   2. Allocating money between savings, expenses, and fun. 

   3. Practical examples of creating a weekly budget. 

- Day 3: 

   1. Introduction to interest and the basics of investing. 

   2. The difference between saving and investing, and the importance of both. 

   3. Exploring simple financial scenarios to illustrate risk and reward. 

- Day 4: 

   1. Managing money in daily life: Building good financial habits. 

   2. Understanding the impact of poor financial habits and how to avoid them. 

   3. Review of concepts, distribution of certificates, and setting future financial goals.

Final Outputs: 

1. Basic understanding of personal financial management principles. 

2. Ability to create a simple budget and manage expenses. 

3. Development of financial awareness to help make informed financial decisions.