The Basics of Financial Literacy for Juniors

What Will You Learn?

• Participants will gain a comprehensive understanding of the evolution of money and its current value in economic terms.
• - Participants will understand the fundamentals of personal finance and the importance of financial literacy:
• - Why should we save?
• - Why is financial planning necessary?
• - Participants will learn about the benefits of saving and the different types of bank accounts:
• - Why save with banks?
• - Why should we borrow within limits?
• - Why borrow from banks?
• - What is interest, and why do moneylenders charge very high rates?
• - Participants will be able to create a detailed budget and develop a financial plan:
• - Why is it important to save or invest regularly and consistently?
• - Why is financial planning essential?
• - Participants will learn how to plan for inflation and use compounding for financial growth:
• - How can you grow your money with the power of compounding?
• - What is inflation?
• - Participants will gain knowledge of different investment options and how to start investing:
• - Why should you invest?
• - What is the difference between saving and investing?
• - How do you evaluate the various product options available?
• - What are the do's and don'ts of investing?
• - Participants will learn about different types of loans, credit scores, and debt management:
• - Why borrow for income-generating purposes?
• - Why is it important to repay loans?
• - Why should you repay loans on time?
• - Participants will be able to assess their insurance needs and select appropriate insurance products:
• - Why is insurance important?
• - Why should you insure fully?
• - What are the reasons for needing insurance?
• - How to be aware of fraud and take protective measures?
• - Participants will understand the importance of early retirement planning and how to manage their estate:
• - Why do you need a regular stream of income, such as a pension, after retirement?
• - What is estate planning?
• "Participants will understand the fundamentals of personal finance and the need for financial literacy
• - Why save?
• - Why financial planning?"
• "Participants will learn the benefits of saving and understand different types of bank accounts.
• - Why save with banks?
• - Why borrow within limits?
• - Why borrow from banks?
• - What is interest? How do moneylenders charge very high interest rates?"
• "Participants will be able to create a detailed budget and develop a financial plan.
• - Why save or invest regularly and consistently?
• - Why financial planning?"
• "Participants will learn how to plan for inflation and leverage compounding for financial growth.
• - Grow your money with the power of compounding
• - Understanding inflation"
• "Participants will gain knowledge of different investment options and how to start investing.
• - Why invest?
• - What is the difference between saving and investment?
• - Why and how to evaluate the various product options available?
• - What are the do's and don'ts of investment?"
• "Participants will learn about different types of loans, credit scores, and debt management.
• - Why borrow for income-generating purposes
• - Why repay loans?
• - Why repay loans in time?"
• "Participants will be able to evaluate their insurance needs and select appropriate insurance products.
• - Why insure?
• - Why insure fully?
• - Why do you need insurance?
• -Awareness of frauds and protection measures"
• "Participants will understand the importance of early retirement planning and how to manage their estate.
• - Why do you need a regular stream of income, like a pension, post working life?
• - Estate planning"