What is Financial Literacy? Why should we teach it at school?
Financial literacy is the ability to use knowledge and skills to make effective and informed money management decisions.
By teaching your children about money, you help them discover the relationships between earning, spending and saving.
This competence can cover a wide range of aspects, from managing weekly pocket money to create a plan for the long-term financial sustainability of a project.
Children should understand the value of money. This financial literacy can begin at a young age with simple money concepts such as counting coins and making change for purchases. Older children can learn about savings accounts, balancing a check book and creating a personal budget.
Here is a simple activity you can try at school
You can find more materials on this webpage. There are teaching ideas for teachers and also financial advice for students.
Another useful webpage with lesson plans is here
Please, feel free to add your activites to inspire each other