Objective: Understand the concept, purpose, and history of money.

Topics Covered:

• Definition and functions of money.

• Evolution of money: from bartering to digital currency.

• Different forms of money: coins, bills, and electronic payments.

• Objective: Differentiate between essential needs and discretionary wants.

• Topics Covered:

  • Identifying personal needs and wants.

  • Prioritizing spending based on needs.

  • Understanding the impact of choices on budgeting.

• Objective: Explore various ways to earn money and the value of work.

• Topics Covered:

  • Sources of income: jobs, chores, and entrepreneurship.

  • The relationship between work, time, and money.

  • Setting personal earning goals

• Objective: Learn the importance of saving and how to set financial goals.

• Topics Covered:

  • Reasons to save money.

  • Short-term vs. long-term savings goals.

  • Creating a simple savings plan.

• Objective: Understand how to create and manage a basic budget.

• Topics Covered:

  • Components of a budget: income, expenses, savings.

  • Tracking spending habits.

  • Adjusting budgets to meet financial goals.

• Objective: Develop strategies for making informed spending decisions.

• Topics Covered:

• •  

    Differentiating between assets and liabilities

    Comparing prices and value.

  • Avoiding impulse purchases.

  • Understanding opportunity cost

• Objective: Gain knowledge about banking services and their benefits.

• Topics Covered:

• Types of bank accounts: savings and checking.

• How banks keep money safe.

• Basic banking transactions: deposits and withdrawals.

• Objective: Learn the fundamentals of investing and how it differs from saving.

• Topics Covered:

• What is investing?

• Basic investment options: stocks, bonds, and mutual funds.

• The concept of risk and return.

• Work with parents to open investment account

• Objective: Explore the principles of starting and running a simple business.

• Topics Covered:

• Identifying business opportunities.

• Understanding costs, pricing, and profit.

• Creating a basic business plan.

• Objective: Consolidate learning and demonstrate understanding through presentations.

• Activities:

• Review key concepts from previous weeks.

• Students present a simple financial plan or business idea.

• Feedback and discussion to reinforce learning outcomes.