Teaching financial capability

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Paul Applewhaite's presentation on integrating teaching learners to manage their finances

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Teaching financial capability

  1. 1. Paul Applewhaite Brief Introduction Teaching Business
  2. 2. 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
  3. 3. The three K-E-I • The wonderful world of playing cards • The BIGGEST risk one takes in doing ANYTHING ??? • What is money ???
  4. 4. Outline of Programme (7 weeks) Week 1 a) Taste Test b) Jelly-Bear Money Trees c) Influences on spending d) Spending Diaries Week 2 a) What is a budget ? b) Personal Money Plan c) Money saving tips d) Children and spending
  5. 5. Continued Week 3 (credit) a) Different types of credit b) credit discussion c) Jargon Busters d) APR exercise (e.g. TV) Week 4 (debt) a) What is debt ? b) Debt quiz c) Debt “priorities” d) do’s and don’ts
  6. 6. Continued Week 5 (communication) a) +ve & -ve aspects of talking about money b) Saying NO !! (role playing exercise) c) Planning difficult conversations d) Practical tip (h/w exercise – talking to family members (e.g. children / partners)
  7. 7. Continued a) b) c) d) Week 6 (children) Where children get messages about money Timeline (when they learn about money ?) Passing values to our children Why we buy things for our children ??
  8. 8. Continued a) b) c) d) Week 7 (family learning) I want / I need Essential / Non-essential spending Advertising Detectives Design your own advert
  9. 9. Top 10 tips practical (immediate – “now”) soft (principles – “slow”)                     household bills credit cards loans / debts savings accounts mobile phones food clothes children events (e.g. weddings) putting money aside acquiring K E I internet (comparison sites) internet (YouTube) children (expectations) seeking advice people associations personal goals priorities / importance timelines Investments / replication

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