teaching financial capability

Paul ApplewhaiteBrief Introduction

TeachingBusiness

Background

• Thinking “outside the box”

• What is WITHIN your control ??

• Associating with the “right” people !

• Understanding numbers (especially %)

• Support for students (varying backgrounds)

• People on low incomes or who find constant challenges in managing their money

• Help students with basic Maths

The three K-E-I

• The wonderful world of playing cards

• The BIGGEST risk one takes in doing ANYTHING ???

• What is money ???

Outline of Programme (7 weeks)

Week 1a) Taste Test b) Jelly-Bear Money Treesc) Influences on spending d) Spending Diaries

Week 2d) What is a budget ? b) Personal Money Planc) Money saving tips d) Children and spending

Continued

Week 3 (credit)a) Different types of credit b) credit

discussionc) Jargon Busters d) APR exercise (e.g. TV)

Week 4 (debt)b) What is debt ? b) Debt quizc) Debt “priorities” d) do’s and don’ts

Continued

Week 5 (communication)a) +ve & -ve aspects of talking about moneyb) Saying NO !! (role playing exercise)c) Planning difficult conversationsd) Practical tip (h/w exercise – talking to family members (e.g. children / partners)

Continued

Week 6 (children)a) Where children get messages about moneyb) Timeline (when they learn about money ?)c) Passing values to our childrend) Why we buy things for our children ??

Continued

Week 7 (family learning)a) I want / I needb) Essential / Non-essential spendingc) Advertising Detectivesd) Design your own advert

Top 10 tips

practical (immediate – “now”) household bills credit cards loans / debts savings accounts mobile phones food clothes children events (e.g. weddings) putting money aside

soft (principles – “slow”) acquiring K E I internet (comparison sites) internet (YouTube) children (expectations) seeking advice people associations personal goals priorities / importance timelines Investments / replication