What skills will I learn?
- Money Management: Techniques for saving, budgeting, and understanding spending habits.
- Banking Knowledge: Familiarity with terms like interest, debit, credit, and direct debit; and the process of opening and managing bank accounts.
- Borrowing Awareness: Understanding loans, interest rates, and evaluating borrowing options.
- Critical Thinking: Differentiating between needs and wants to make mindful financial decisions.
What will I study?
Saving and Spending:- Explore effective ways to save and spend money.
- Understand personal spending habits and identify helpful and unhelpful money habits.
Banking Basics:
- Learn about types of accounts (Current vs. Savings) and their features.
- Understand terms like interest rates, overdrafts, direct debits, and digital banking options.
Borrowing and Debt:
- Discuss borrowing money for big purchases, with insights into advantages, disadvantages, and interest payments.
- Understand the risks and benefits of credit facilities, loans, and payday loans.
Needs vs. Wants:
- Differentiate between essential expenses and personal desires to improve financial decision-making.