Why Financial Literacy is Important
Our children are growing up in a modern digital world. While this has its pros and cons that we are still studying, one thing is clear: the way they interact with money is vastly different from previous generations.
Today, children often see their parents using credit cards or tapping their phones to complete financial transactions instead of dealing with real money and banknotes. This shift means it's more crucial than ever to teach children the fundamentals of financial literacy.
By the end of this camp children will be able to:
Understand the basic concepts of financial literacy
This includes understanding concepts like saving, budgeting, and the value of money. When children learn these basics early on, they are more likely to make informed financial decisions as they grow older.
Build Good Habits
Through hands on projects that will be assigned through the camp, the children will figure out themselves the common mishandling of money like overspending, accumulating debt, or failing to save for the future. Good financial habits established early can lead to lifelong financial stability.
Develop financial responsibility and independence
When they understand how money works, children will be encouraged to set financial goal at the end of each level of this camp. They will be encouraged to work towards achieving their goals. This fosters a sense of empowerment and confidence that will serve them well throughout their lives.
Structure of the Classes
Beginner Level
We will cover the basic idea of money with brief history and timeline of how financial transactions evolved over time. Financial concepts covered at this level include:
-How to manage a budget (wants vs needs)
-Prioritizing and saving
-Handling receipts and refunds
Real-Life Application Project: Grocery Shopping with task that will be assigned by the instructional guide.
Intermediate Level
We will cover the concept of banks and ATM. This includes banking terms and cheques.
Real-Life Application Project: Students will choose a bank to open a saving account based on comparing between different banks and what they offer. Note: They do not have to open a real account, but at least they need to research what 3 local banks in their area offer to open a minor account and justify why they would choose one bank over another.
Advanced Level
We will cover foreign money exchange compared to the U.S dollar and an overview of world economy. Students will learn about investment, marketing, and starting a business.
Real-Life Application Project: Students will choose a business idea for a startup. They will make products from materials available to them and try to sell their products.
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Note: Based on the level and progress of each child, the Montessori guide will advise which level the student can start with and whether they can continue the classes and move to the next level or pause the classes and continue them after few months or a year once they are ready and have mastered the level that they were practicing. Some children will be able to cover and master all levels even if they are 7 years old. It depends on each child and their progress. Students will be grouped according to their level.
Frequently Asked Questions
How do I schedule the class?
Once you register you will have access to the instructor's calendar with available slots in Eastern Time. The Zoom link for the class will be sent to you upon enrollment and once you schedule the first class. You can keep the same time every week or choose different slot. Let the instructor know your preference and we are always happy to accommodate.
Is this a LIVE class or the classes are pre-recorded?
This is a LIVE interactive class for students on Zoom. There will be no pre-recorded or recorded sessions.
Are there any assignments?
There will be continuous reflection required and sometimes a presentation about one of the concepts covered.
How many students are in each class?
There can be up to 6 children per class.
Can I get a refund if the classes are not the best fit for my child?
Tutoring classes are not eligible for a refund for the classes that you already paid for, and your child attended. However, you can cancel your child's enrollment in the classes anytime from account management. This needs to be done 48 hours prior to their next class, so your card is not charged for the upcoming class and to allow another child to join the class. if a seat is available.
Feel free to reach out anytime by sending an email if you need further support with cancellation [email protected]