Personal Finance explores the fundamental elements of personal finances: earnings, saving and investing, budgeting, credit, risk management, and giving. Students apply these elements to a personal financial plan that allows them to set specific goals for their lifelong financial needs and desired quality of life.
Purpose and process
Personal Finance focuses on earning money; spending money wisely through budgeting; saving and investing money; using credit cautiously; and protecting one's personal finances.
Following participation in the program, students will be able to recognize the fundamental elements of smart personal finances. They also will be able to apply those elements to a personal financial plan that allows them to set specific goals for their lifelong financial needs and desired quality of life.
Personal Finance targets high school students. It is composed of five sessions, each 45 minutes long. Materials are packaged in a self-contained kit that includes detailed plans for the volunteer and materials for 32 students.
Concepts: Budget, Budgeting, Compound interest, Consumer protection, Credit, Credit cards, Credit reports and scores, Debt, Earning, Education, Expense, Fixed expenses, Fraud, Identity theft, Income, Insurance, Interest, Investing, Lifetime earnings, Opportunity cost, Personal finances, Pay yourself first, Principal, Risk, Risk management, Saving money, Savings, Variable expenses.
Skills: Analyzing information, Categorizing data, Creativity, Decision making, Evaluating alternatives, Graphic presentation, Oral, visual, and written communication, Prioritizing information, Read for understanding, Using a timeline, Working in pairs, teams, and groups.
Curricular or thematic relevance
Social studies; Entrepreneurship; Financial literacy; Employability skills.
How to organise:
The sessions could take place in timetabled lessons as they are delivered by teachers and/or classroom volunters; alternatively, they could be delivered as an extra-curricular activity or as part of an enterprise club.
Assessment and evaluation approaches
Fully integrated within the sessions.
Volunteers and entrepreneurs can help by providing real-life examples from their experience and business world.
Additional details in English language can be found online HERE.
Contact your national JA-YE organisation.
helper do TM detail body (June 6th, 1st half)