LifeREADY

Financial Literacy

Our Rationale

Our Financial Literacy Program aims to prepare students to navigate the complexities of personal finance, enabling them to become financially responsible individuals who can confidently manage their resources, plan for the future, and adapt to a rapidly changing financial landscape.

Spanning from JK-12, our comprehensive LifeReady curriculum ensures that students develop a continuum of skills, empowering them to make informed financial decisions, manage resources responsibly, and plan for a secure future. From the fundamentals of money and saving to advanced topics like credit management, insurance, and retirement planning, our program covers a wide range of skills to prepare students for success in today's financial landscape. By instilling financial literacy from a young age, we equip our students with the tools they need to become financially responsible individuals who can confidently navigate the intricacies of managing finances and adapt to an ever-changing financial landscape.

Our program includes topics such as budgeting, saving and investing, consumer awareness, credit management, and insurance. Additionally, we introduce advanced concepts like understanding taxes, payroll deductions, income tax, and sales tax to provide students with a comprehensive understanding of the financial world.  

The Skillsets We Focus On

  • Introduction to Money and Saving

    • Recognizing different coins and their values.

    • Understanding the concept of money and its uses.

    • Differentiating between needs and wants.

    • Introducing the concept of saving for short-term goals.

    Basic Money Management and Budgeting

    • Identifying income and expenses.

    • Introducing the concept of budgeting using simple examples.

    • Exploring the concept of making choices with money.

    • Understanding the importance of saving money.

    Sharing and Giving

    • Understanding the concept of sharing and the importance of giving.

    • Introducing the idea of donating money or items to others in need.

    • Discussing the value of generosity and empathy in financial decision-making.

  • Earning and Saving Money

    • Exploring different ways to earn money (e.g., chores, part-time jobs, entrepreneurship).

    • Understanding the value of saving money for future goals.

    • Introducing the concept of interest and its role in savings.

    Spending and Consumer Awareness

    • Differentiating between needs and wants when making spending decisions.

    • Understanding the influence of advertising on consumer choices.

    • Introducing the concept of comparison shopping.

    • Discussing consumer rights and responsibilities.

    Grocery Budgeting and Meal Planning

    • Introducing the concept of grocery budgeting and understanding the importance of planning meals and shopping within a budget.

    • Exploring strategies for comparing prices, finding deals, and making nutritious and cost-effective food choices.

    • Discussing the impact of food waste on personal finances and the environment.

  • Budgeting and Financial Decision-Making

    • Creating personal budgets and tracking income and expenses.

    • Understanding the concept of opportunity cost and making trade-offs.

    • Introducing the concept of credit, including responsible borrowing and managing debt.

    • Exploring the concept of financial risk and its impact on decision-making.

    Saving, Investing, and Future Planning

    • Exploring different saving and investment options (e.g., savings accounts, stocks, bonds).

    • Understanding the importance of setting financial goals and creating a plan to achieve them.

    • Introducing the concept of compound interest and long-term financial planning.

    • Discussing the basics of retirement savings and planning.

  • Advanced Budgeting and Financial Management

    • Creating comprehensive budgets for personal finances, including income, expenses, and savings.

    • Understanding different types of taxes and deductions.

    • Exploring strategies for managing financial emergencies and unexpected expenses.

    • Introducing concepts of insurance and risk management.

    • Understanding payroll deductions and taxes, including income tax and sales tax.

    Credit and Debt Management

    • Understanding credit scores, credit reports, and their impact on borrowing.

    • Exploring different types of loans and credit options.

    • Discussing responsible borrowing, managing debt, and avoiding financial pitfalls.

    • Introducing concepts of mortgages and the process of buying a home.

    Insurance

    • Exploring the concept of insurance and its role in managing financial risk.

    • Discussing different types of insurance policies and their benefits and considerations.

    • Understanding the importance of having insurance coverage for various aspects of life, such as health, property, and vehicles.