FINANCIAL LITERACY


INTRODUCTION

Surveys have shown that our youth has the lowest financial literacy. They are unable to choose right financial products for them and are

often repelled by the idea of sound financial planning. They don't know enough about money and how it works. Unfortunately, they are not learning much of it at school. No one is teaching them the financial basics.Financial education is especially important today as our children are growing up in a tough world and tomorrow they will be adults who will need to take charge of their financial future.

Kids are smart ,there is no doubt about it. But when it comes to one of the most important courses in life, we are failing them miserably.Financial literacy is the ability to understand how money works in the world: how someone manages to earn or make it, how that person manages it, how he/she invests it (turn it into more) .It is a life skill and it is high time we teach our children to be financially literate.

Teach them about money today, they will thank you tomorrow.

OUR PROGRAMS

  • THE YOUNG ENTREPRENEUR
  • MY DREAM CAREER
  • FINANCIAL LITERACY
  • STUDENT SELF HELP
  • RESEARCH AND DEVELOPMENT

    • THERE IS A NEED

    Today's students are focusing on getting a degree and earning more money. In future, they might be earning good money ,but if they are not financially educated then it is possible that may end up with no money after some time. The following reasons will make it clear why financial literacy for is the need of the hour.

    Our kids don’t know enough about money.Young people have little understanding of finance and money. They are spending and borrowing without proper knowledge of how the money works.

    They aren't money smart. Lack of knowledge about Finances can handicap even the most brilliant kids. Even a straight A student may be in financial trouble tomorrow.

    They are earning - and spending - more money than ever.Today ,kids and teens are spending far more money compared to their previous generation. The reason being the quick change in their habits and attitudes along with TV, Internet, and marketing in every aspect of our life.

    There are greater temptations Online shopping is icing the cake which makes it way too easy for them to buy. It’s more important than ever to tell them the value of saving and delayed gratification early on

    Kids are the main target of Credit card companies Big companies are the expert on marketing, they know how to target kids, teens and college students luring them into greater temptations . Financial experts spend millions to place ads on Facebook, YouTube, and other teen favorites.
    Kids on the other hand not knowing much become a soft target for most of the businesses.

    Student loans are getting costlier. Students are taking on more debt, and with loan crises ,many people are going bankrupt younger.

    Students start saving much later. Kids are spending more time in school and colleges today before finally starting their career, and even after that, they wait few years to finally save until they have family and other responsibilities.

    The government won’t always be with them. With the startling retirement boom , it’s very likely that the next generation of retirees won’t enjoy the same benefits as their parents did from the government.
    More than ever, young people today are going to have to save more and invest wisely if they want a comfortable retirement someday.

    Money is changing Money is changing rapidly today and it will change a lot in future. The way we use, access and spend money today is vividly different from what we did a couple of decades ago. There will even be more changes by the time our kids will grow up.

    We are going to need our kids when we retire Here comes the ugly truth. Just as we are paying for our own parent's social Security, we will need our own kids to do the same. We need our kids to be hugely productive, to save a lot more than we did, and stay out of debt .

    BENEFITS FOR STUDENTS

    Tomorrow our kids are going to grow up and run our country's government, small businesses, and global corporations. We need to make sure that they are financially sound and smart.


    The financial habits taught today will apply to the unforessen financial changes of future as well.


    Financial literacy will make them understand the difference between wants and needs.


    They will realise the importance of saving today for the coming tommorow


    To make them understand relation between earning,saving and spending.


    To make them understand how debit and credit works.How Banks function

    HIGHLIGHTS OF THE PROGRAM

    Activities and Games for learning about money

    MY FIRST ACCOUNT . Teaching the students to open a Savings Account.

    Visit to the nearby bank to understand how money works

    Monthly Budget Calculator -We will offer personalized money-saving suggestions based on the spending behavior of students.

    Mobile classes on money management skills .Our Classes are engaging, fun and educational.

    Lesson materials and workbooks that assist schools in teaching kids about money

    Each course completed by a student entitles them to a completion certificate. Each certificate includes a verifiable course completion code.


    CURRICULUM

    LEVEL 1 MONEY MATTERS(Introductory level) classes 4 to 8

      Money matters(How does Money work)

      Earning, saving and spending money

      Investing Money

      Credit and Debit

      Saving and budgeting

      Budget Worksheets

    LEVEL 2 (Additional topics) classes 9,10

      Savings accounts,

      Balancing a check book

      Creating a personal budget.

      Credit vs. Debit Cards


    LEVEL 3 (Classes 11,12 and Undergraduates )

      Financial Health,Advanced Budgeting

    Financial Services

      Choosing a Bank

      Managing Accounts -( including online bill payment and data protection.)

      Checking and Savings Accounts

    Managing Credit

      Students and Credit Cards (Credit vs. Debit Cards )

      Building Credit

    Financial Trouble

      Financial Trouble - (Warning signs of excessive debt)

      Dealing with Financial Trouble

    Financial Aid

      Financial Aid Introduction

      Types of Financial Aid - (loans, grants and scholarships, work-study, and service programs.)

      Borrowing Wisely - (Making smart choices about student loans)

      Understanding Education Loans

      Repaying College Debt

    Insurance

      Insurance Introduction - (How insurance plays an important role in our financial lives.)

      Types of insurance(Life Insurance ,Students and Health Insurance ,Disability Insurance )