Money Matters • Contact: • Ms Anna Coenen • Email: • anna‐coenen@hotmail.com • Web: • http://issuu.com/money‐matters http://issuu com/money‐matters
Money Matters
Booklet 1
48 pages for 11 11‐13 13 year old students
Booklet 2
36 pages for 14 14‐18 18 year old students
Money Matters Teacher’s Booklet 32 pages teaching t hi material t i l Additional information for teachers Solutions to tasks Tips ps aand d teaching teac g options opt o s
Objective of M&M
Money Matters
Teaching children financial skills Money management Need for saving Importance of budgeting Takingg rational financial decisions Understanding basic financial matters Becoming responsible citizens
R i Rationale l
Money Matters
The money trap New Playstation, latest mobile, designer jeans Keeping up with the Joneses Roughly 40% of young people defaulted on financial obligations Many young people take a long time to get out of debts
Why teaching M&M:
Money Matters
“Children grow up forming habits. Habits ggrow under their skin. The chains of habit are too weak to be felt until they are too strong to be broken. broken.”
Money Matters Student’s Booklets Student‐friendly, attractive design, in full colour Real‐life situations with tasks to be worked out by students Lessons with Internet link & online li search h or workk
Topics:
Money Matters
Planning income and expenditure Keeping a record d off the h money spent Making a budget What is a must – what is a may Make a choice = know your priorities Learn how h to handle h dl money
Topics:
Money Matters
Learning to be b price conscious What does it cost? Comparing prices How much do everyday things cost? Cost of education
T i Topics: Ad ti i Advertising Being aware of the advertising trap Peer pressure Brand names
Money Matters
Topics: Th Bank The B k Basic banking operations Opening a bank account Understanding bank statement Internet banking
Money Matters
Topics:
Money Matters
Saving money Teaching children to save for a rainy day A piggy bank A bank account Appreciate the value of savings Bringing Brin in up p sa savvy kids
Topics:
Buying i things hi Borrowing o o g or o saving? sa g Borrowing brings instant satisfaction but there are consequences Saving S i takes k time i
Money Matters
Topics:
Debts and its consequences Interest as the price of a loan Limitation on future spending Compromise on the lifestyle
Money Matters
Money Matters Topics:
Internet – buying it online Advantages of online shopping Traps and what to watch for Buy it online: pros & cons
Topics:
Holiday Planning a holiday Travel T l tips ti included i l d d
Insurance Health, car, liability, travel
Taxes There is nothing like a free lunch
Money Matters
Topics:
The h future f Becoming eco g independent depe de t How much will you earn? Living on your own Dreaming about your own house Buying or renting? Household budgeting g g
Money Matters
Money Matters
Conclusion: All children should be taught basic money skills kill at school. h l Young people should know how to organise and spend money wisely, how to enjoy economic and financial independence. The best investment a country can make is in its yyoungg p people. p
Money Matters
Thank you for your attention!
About the Author and this Publication Anna Coenen – born in Slovakia;; settled in Malta in 1989 and became a Maltese citizen shortly afterwards. • Graduated from the School of Economics, Slovakia, Faculty of Economics of Tourism and Services; worked for the Institute for Further Education of the Ministry of Justice. • Teaching Economics at Stella Maris College, Gzira since 1990. • A member as well as a chair person of the SEC Syllabus Board of Economics E i advising d i i the th University U i it off Malta. M lt • The Nibud (Nationaal Instituut voor Budgetvoorlichting in Utrecht, Holland) has been the source of inspiration for this publication and Anna is extremely grateful for the support and cooperation from Dutch colleagues. • These two publications may be the first step in creating awareness about the importance of teaching money matters to the growing student population in Malta. •