What is Financial Literacy?
For many kids, personal finance is first learned outside the classroom. The education they receive comes from the financial habits they see around them—TV and the internet, family and friends. Some of what they learn is positive. Some of it isn’t.
Whether kids realise it or not, their early relationship with money can impact their finances as adults. This is why it’s so important for educators and caregivers to help them acquire the knowledge and skills they need to build healthy financial habits down the road.
To begin, kids should become familiar with the basic concepts of financial literacy. This includes core topics like spending choices, saving, and needs and wants.
Here are the essential topics that kids need to know
1. What’s money?
2. Money must be earned
3. Money is used to buy things
4. There’s a difference between “needs” and “wants”
5. Money should be spent wisely
6. Saving gives us money to spend in the future
Unfortunately there are no structured courses available for student for get these fundamental and essential financial skill. We at Education10x are trying to bridge this gap. If you want to explore these courses and want to learn more about it then book your trial class now