This document presents a proposal for a new economic education program in Israeli schools called "Piggy Bank." The program would teach elementary and middle school students basic financial literacy and management skills. It aims to foster a generation of Israelis with values of modesty and saving. University students would teach the program in schools as part of a scholarship program. The goals are to improve economic thinking, prevent future financial hardships, and ultimately change economic behavior and reduce poverty in Israel. Similar existing programs are mentioned as examples. Potential funding sources and feasibility issues are also briefly discussed.

1. PIGGY BANK 101
Lesson for a rich life
Project by Hadas Levi

2. …ONE DAY SOON A NEW GENERATION WILL RISE.
THIS GENERATION WILL BE RAISED UPON THE VALUES OF
MODESTY AND FRUGALITY.
A GENERATION WITH A BETTER ECONOMIC THINKING.

3. SHORT DESCREPTION
 An economic enrichment program that will be a
part of the curriculum in the elementary and mid
school.
 This program will be given by university students in
a scholarship based program in two levels:
1. The elementary school students learn how to
manage their allowance and will learn values such
as modesty, project planning and helping others.
2. The mid school students will be exposed to higher
concepts such as the Capital Market, savings, work
rights etc.

4. THE PROJECT’S CORE ACTIVITIES INCLUDE:
 Fostering a new generation on the values ​of
modesty, saving, and helping others
 Development of economic thinking among
young students
 Prevention and reduction of future economic
distresses

5. THIS PROJECT’S MISSION IS CHANGING THE
ECONOMIC THINKING AND BEHAVIOR IN ISRAEL.

6. EVIDENCE OF THE IMPORTANCE AND SIZE
OF THE PROBLEM :
 Demonstrations demanding social justice
 According to the Israeli Central Bureau of
Statistics the average monthly overdraft is
averaged to 1,656 NIS (About 460$);
 Increase in the number of organizations willing
to change the economic behavior

7. SHORT TERM OUTCOMES:
 The children will have an idea on how the economic
world works.
 They will understand the meaning of saving money
 The children will understand that money doesn’t
simply “grow up on trees”
 They will understand what is really hiding behind
the concept of credit cards.
 The children will internalize values such as: settling
for less and thinking about the future

8. LONG TERM OUTCOMES:
 Fostering a new generation with economic
values​​
 correct economic thinking that will lead to
reduction of overdraft and thus – poverty.
A change in our economic
behavior!!!

9. SIMILAR PROJECTS:
 Pa'amonim organization
(http://www.paamonim.org/englishmain.php)
Organization that aspires to achieve financial
balance in families in Israel
 Manof program
(http://www.ozar.co.il/topics.aspx?topicid=29)
Economic consulting and training for families
and small businesses

10. WHAT MAKES US SPECIAL?
 basic economic management studies in the
early life of elementary and mid school
students.
 The secondary gain : financing university
tuitions with scholarship and creating
responsible role models for the young students.

11. W HERE WILL WE GET THE MONEY FROM?
 Banks and other large financial bodies wanting
to increase their image as socially involved
 The state - currently trying to find direct and
indirect solutions for the society's economic
problems.

12. IS IT THAT SIMPLE?
W ELL NOT EXACTLY , BUT STILL...
 Can be applicable in any normal elementary school
 Is relevant for vast spectrum of social classes
families all around the country
 Large number of university students that needs
help in funding their tuition

13. QUESTIONS?