The Youth Finance Class provided students with a foundational understanding of personal finance, covering key topics like budgeting, saving, investing, loans, and financial independence through interactive lessons and hands-on activities.
Student Count:
- Consistently 20-30 student attendance.
Key Concepts Covered:
- What is Finance? – The three types of finance and why financial literacy is important.
- Budgeting & Saving – Understanding needs vs. wants, tracking expenses, and the importance of saving money.
- Investing & Inflation – How investments grow over time and how inflation affects purchasing power.
- Income, Debt & Loans – Different types of income, managing debt responsibly, and understanding loans.
- Financial Independence & Safety – Building long-term financial stability and learning about financial risks.
Interactive Activities:
- Budgeting Game – Students allocated Monopoly money to essentials and luxuries to practice real-world budgeting.
- Bank It or Spend It Game – A decision-making challenge on saving vs. spending.
- Financial Story Game – Explored real-life financial scenarios to understand how money flows.
- Final Financial Literacy Project – A hands-on assignment reinforcing key financial concepts, that the students can choose to do outside the class and get an official seal on their awards.
Key Takeaways:
- Students gained practical financial skills through real-world applications.
- Hands-on activities helped make complex finance topics engaging and easy to understand.
- The class emphasized the importance of financial planning and responsible money management, mainly by pausing at each slide and having a class discussion where students had the opportunity to get candy just by sharing their thoughts and answering questions.
- Many students developed a stronger interest in saving, investing, and long-term financial security.
