6. Write down what you consider as the
core competencies for financial
literacy for all youth or what you think
every young person must be
competent with in terms of financial
knowledge, skills and attitude.
ENGAGE
8. • Money is a medium of
exchange which functions
as legal tender and
comes in different forms
such as banknotes, coins,
and e-money.
MONEY AND TRANSACTIONS
9. • Money has several
purposes such s a
medium exchange,
readily accepted as a
form of payment.
MONEY AND TRANSACTIONS
11. • Cash and coins have a
financial value. The cash may
be stored in various ways,
including in a bank and can
be withdrawn over the
counter or at a cashpoint
such as Automated Teller
Machines (ATM)
MONEY
12. • Empowered with strong
financial literacy, one
should be confident to
receive money in cash
and other forms and
talk about money
matters with family and
other trusted adults.
MONEY
13. • There are typical
income sources and
different potential
career paths,
including
entrepreneurship.
INCOME
14. • Income can does
contribute to well-
being for earners,
their families, and
the community.
Income sources do
change from time to
time.
INCOME
15. • With sound financial
literacy, one should
be confident to seek
ways to create an
income and discuss
pay when applying
for a job.
INCOME
16. • There are different
forms of payment
methods as money is
exchanged for goods or
services.
• Credit cards, debit
cards, loans
PAYMENT AND PURCHASES
17. • With a better
understanding of
payment and
purchases, one can be
more conscious of
his/her own spending
habits and use of
money.
PAYMENT AND PURCHASES
18. • One needs to develop
and attain a realistic
knowledge of the cost of
basic items including
food. Same goods or
services may be priced
differently by different
vendors.
PRICES
19. • Another important
aspect of money and
transactions is the need
to understand
documents provided by
financial services, as
well as bills and certain
receipts and
guaranteed.
FINANCIAL RECORDS AND CONTRACTS
20. • One should understand how important is to
read, check, and take care of financial
documents.
• One should be able to identify some
irregularities on financial documents.
• One should be in the best positions to read
the terms and conditions of financial
products and services.
FINANCIAL RECORDS AND CONTRACTS
21. • One must know where to
go to exchange currency
bearing in mind some
exchange rates can
fluctuate and that a cost
is often incurred when
exchanging currencies.
FOREIGN CURRENCY
23. • Budgeting addresses
our attention to
keeping track of all
expenses, however
incurred, to know
whether they are
staying within budget
and this may include
incomes.
BUDGETING
24. • One must live within
his/her means
including taking into
account external
financial support and
circumstances where
relevant.
BUDGETING
25. • By critically assessing
the effectiveness of
previous personal
financial decisions and
considerations, one
can determine a high
degree of accuracy
whether to repeat this
behavior in the future.
MANAGING INCOME AND EXPENDITURE
26. • Late payment or non-
payment of bills or
credit repayment have
negative financial
consequences and so it
is important to face
these risks.
IDENTIFYING RISKS
27. • It includes the rights and
responsibilities of
consumers in the financial
marketplace as well as the
financial regulation and
financial consumer
protection laws.
FINANCIAL LANDSCAPE
