Money Basics: A Kid’s Guide to Personal Finance

Lesson 1: Introduction to Money
Learn the basics of money, identifying coins and bills, understanding its role in daily life, and appreciating its value.

Lesson 2: Functions of Money
Discover earning through work, explore various careers, and understand the importance of upskilling for career growth.

Lesson 3: Earning Money
Differentiate work styles (job roles, self-employment, business, investing) and understand types of compensation like wages and bonuses.

Lesson 4: Ways to Earn Money
Explore income sources like businesses, services, hobbies, and additional options like renting and allowances.

Lesson 5: Types of Income
Understand public goods (parks, streetlights) and taxes' role in funding community services.

Lesson 6: Taxes
Learn about money's characteristics, income sources, and the purpose of taxes for community support.

Lesson 7: Revision 1
Discover savings as a way to prepare for the future, handle emergencies, and achieve goals.

Lesson 8: Saving Money
Practice self-control, understand waiting for rewards, and learn the difference between instant and delayed gratification.

Lesson 9: Self-Control and Delayed Gratification
Learn to set and achieve savings goals, differentiating between short- and long-term objectives.

Lesson 10: Saving Plan
Understand spending basics, prioritize needs over wants, and recognize types of expenses (fixed, variable, periodic).

Lesson 11: Spending Smart
Make smart spending choices by understanding scarcity and opportunity cost.

Lesson 12: Making Choices and Opportunity Cost
Recognize impulsive buys and make informed shopping decisions through a 5-step decision-making process.

Lesson 13: Making Smart Decisions While Shopping
Learn to recognize impulsive buys and the key factors influencing shopping choices, including pricing, social influences, and advertising.

Lesson 14: Budgeting
Introduce budgeting as a tool for managing money, categorizing income and expenses, and focusing on needs vs. wants.

Lesson 15: Creating a Budget
Follow 7 budgeting steps, manage expenses, avoid debt, and regularly adjust to meet financial goals.

Upon completing this course, learners will develop essential financial skills to manage money wisely. They will understand money's purpose, different earning methods, types of income, and the role of taxes in funding public goods. Learners will also grasp the importance of saving, self-control, and delayed gratification in making smart spending choices. They will be equipped with budgeting techniques, enabling them to set financial goals, distinguish needs from wants, and create effective budgets for managing their money in everyday life.

• Money Management: Develop the ability to manage money effectively, including budgeting and tracking expenses.
• Earning Awareness: Understand different income sources, job roles, and compensation types.
• Saving Strategies: Learn how to set savings goals, practice self-control, and manage delayed gratification.
• Smart Spending: Gain the skills to make informed, mindful spending decisions and avoid impulsive purchases.
• Budgeting: Master the art of creating and adjusting budgets, focusing on needs vs. wants, and achieving financial goals.