Subject: Financial Literacy
Learning Objective/s: - Understand how to create and stick to a budget - Identify saving and investing strategies - Learn how to become financially responsible
Materials Needed: paper, internet access, whiteboard/chalk board
Time: 45 minutes
Procedure:
Introduction (10 minutes): - Begin class by introducing the topic of financial literacy. Ask students if they know why it’s important to be financially literate. - Introduce key concepts related to financial literacy - budgeting, saving and investing. - Ask students what kind of activities they currently do to manage their finances (if any).
Review & Group work (20 minutes): - Break students into small groups and have each group create a list of job/business ideas that would enable them to generate income. - Ask each group to present their ideas to the class and discuss them.
Budgeting Exercise (10 minutes): - Explain to the class that when it comes to financial literacy, budgeting is an important part of managing finances. - Distribute a budget guide to the students. - Explain the different parts of the budget and ask students to complete one for themselves.
Investing Exercise (5 minutes): - Explain the concept of investing and provide examples of different investment strategies. - Ask students to research and list three strategies they can use to invest.
Conclusion (5 minutes): - Allow students to share their investments strategies and discuss any questions they may have. - Summarize the class discussion and explain why managing finances responsibly is so important.
Assessment: - Assign students a financial literacy quiz to assess students’ understanding of the concepts discussed in class.