teaching financial capability
DESCRIPTION
Paul Applewhaite's presentation on integrating teaching learners to manage their financesTRANSCRIPT
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Paul ApplewhaiteBrief Introduction
TeachingBusiness
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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
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The three K-E-I
• The wonderful world of playing cards
• The BIGGEST risk one takes in doing ANYTHING ???
• What is money ???
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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
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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
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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)
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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 ??
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Continued
Week 7 (family learning)a) I want / I needb) Essential / Non-essential spendingc) Advertising Detectivesd) Design your own advert
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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