IPIN ACADEMY

FOUNDATION FOR FINANCIAL LITERACY COURSE OBJECTIVE: The objective of the financial literacy project is to equip students with the essential knowledge and skills necessary to make informed financial decisions and effectively manage their personal finances. Through engaging and interactive learning experiences, students will delve into various aspects of finance, including budgeting, saving, investing, banking, and financial planning. The project aims to develop a solid foundation of financial literacy, enabling students to navigate the complexities of the financial world with confidence. During the project, students will deepen their understanding of key financial concepts such as income, expenses, debt, and financial goals. They will learn practical skills in budget creation, expense tracking, and evaluating financial products and services. By acquiring these skills, students will have the ability to build financial resilience, manage their resources effectively, and work towards long-term financial well-being. The project sets students on a path toward financial success, providing them with the necessary tools and knowledge to thrive in their personal financial journeys. COURSE OUTLINE: Class 1-5: Introduction to Money and Basic Financial Concepts Introduce the concept of money and its importance in daily life. Identify different types of currency and their values. Teach basic financial concepts such as saving, spending, and sharing. Introduce the idea of needs vs. wants and make simple budgeting decisions. Encourage students to develop good financial habits from an early age. Class 6-8: Money Management and Budgeting Explore the concept of budgeting and its role in managing money. Teach students how to track income and expenses. Introduce the concept of goal setting and saving for future needs. Discuss the importance of making informed financial choices. Empower students to take control of their finances and plan for a secure financial future. Class 9-10: Banking and Financial Services Introduce the concept of banking and the role of banks in managing money. Teach students about different types of bank accounts (savings, checking) and their features. Discuss the importance of budgeting, saving, and responsible borrowing. Explore financial services such as ATM usage, online banking, and mobile payment apps. Educate students on the basics of personal finance, including understanding interest rates, credit cards, and loans. Class 11-12: Investing and Financial Planning Introduce the concept of investing and the potential benefits of long-term investing. Teach students about different investment options (stocks, bonds, mutual funds) and their risks and rewards. Discuss the importance of setting financial goals and creating a financial plan. Introduce the concept of credit, credit scores, and responsible borrowing. Empower students to make informed investment decisions and develop effective financial strategies for their future. Encourage students to explore the world of personal finance, understand economic trends, and consider the impact of global events on investment opportunities. Provide opportunities for students to engage in simulated investment scenarios and gain practical experience in managing a diversified investment portfolio.