We know that the earlier you learn the basics of how money works, the more confident and successful you’ll be with your finances later in life. It’s never too late to start learning, but it pays to have a head start. The first steps into the world of money start with education.
1. ”Money is usually attracted, not pursued.” – Jim Rohn
Money Education™ develops, designs and publishes academic and reference texts for the financial industry. The current portfolio of texts provides a focus on upper-level university students and business professionals pursuing a comprehensive curriculum in financial planning or needing a comprehensive financial reference. Money Education texts explore the depth and breadth of professional financial planning, making them ideal for those intending to take the national CFP® certification examination.
2. ”If we command our wealth, we shall be rich and free. If our wealth commands us, we are poor indeed.” – Edmund Burke
Money and education are two important factors that influence the quality of life of individuals and societies. Money is a means of exchange that allows people to access goods and services that meet their needs and wants. Education is a process of learning that develops the knowledge, skills, and abilities of people to participate in society and contribute to its development.
3. ”Don’t tell me where your priorities are. Show me where you spend your money and I’ll tell you what they are.” – James W. Frick
Similarly, education can help people acquire skills, knowledge, and credentials that can increase their employability and earning potential. However, education can also limit people's choices, as some fields of study may have more demand and prestige than others. Furthermore, education can reflect the existing inequalities and biases in society, such as class, race, gender, and culture
4. ”Never spend your money before you have earned it.” – Thomas Jefferson
This professional learning resource has been created to enable practitioners to reflect on their
own knowledge and understanding, highlight areas which children find challenging and outline
effective approaches to support future learning and teaching in money.
An early appreciation of the contexts in which money is used is important. Using coins and
notes is an everyday life skill and learners need to understand that, in order to purchase goods
or services, money must be exchanged in some format. Methods of payment continue to
evolve, and learners should be provided with opportunities to investigate money in a digital
world. Developing confidence in mental and written calculations involving money is also an
important skill in everyday life.
As learners progress through the levels, they should begin to investigate the range of rewards
for saving and investing money, as well as risks involved in borrowing. This will support them
in developing the ability to analyse the impact of financial decisions they make.
Throughout all levels learners should be provided with opportunities to apply their
understanding of money in real life situations.
5. ”Money often costs too much.” – Ralph Waldo Emerson
Financial literacy is the ability to understand and make use of a variety of financial skills, including personal financial management, budgeting, and investing. It also means comprehending certain financial principles and concepts, such as the time value of money, compound interest, managing debt, and financial planning.
Sometimes the challenges you face aren’t just inside the games you love. How do you keep track of what you’re spending even when you're close to completing a level?
And it's not just your money. Don’t forget the data that you risk handing over to fraudsters.
To find out more on how to game safely, check out our gaming hub for tips on managing in-game spending, spotting the bad guys and keeping your identity safe.
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