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FLEX How Money Works Personal Financial Literacy Banks & Credit Cards 4W2

Want to know how money works from a teacher that runs four companies & was making $500 a week as a teenager? I will explain everything you need to know about money, difference between debit and credit cards & h0w banks really work.
Explosive Learning Jo Reynolds Life Skill Teachers
Average rating:
4.8
Number of reviews:
(1,279)
Popular
Class
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What's included

4 pre-recorded lessons
4 weeks
of teacher support
1 year access
to the content
Homework
1 hour per week. Each week, there will be approximately 20 - 30 minutes of homework assigned to help participants develop and apply the ideas taught in class to their own lives.

Class Experience

US Grade 7 - 9
Beginner - Intermediate Level
In this 4 week class, we will explore the basic concepts of money and how currency works. We will delve into the history of money, including the evolution of different forms of currency and their role in society. We will also cover important topics such as taxes, the public sector vs private sector, bankruptcy, and the difference between needs and wants. Additionally, we will explore the relationship between money and happiness and how to pick the right career.

▬▬▬▬▬▬ Class 1 ▬▬▬▬▬▬
What money is and how currency works
The history of money
Tax
Public Sector Vs Private Sector
Bankruptcy 
The difference between needing and wanting
Picking the right career 
Can money buy happiness or love?

▬▬▬▬▬▬ Class 2 ▬▬▬▬▬▬
How banks and financial institutions work
Credit and debit cards, credit ratings, mortgages, and rent, bank loans

▬▬▬▬▬▬ Class 3 ▬▬▬▬▬▬: 
Creating a list of income and outgoings
How to manage a budget 
What profit and loss is
The best way of saving money

▬▬▬▬▬▬ Class 4 ▬▬▬▬▬▬
What investment is and how they work.
Different examples of what investments can be.
What changes the value of an investment and how to spot trends.
Small investments that are essential: e.g. housing, savings, pensions.

The flexible schedule (Flex Class) allows your learners to watch the pre-recorded videos and do them at a time that is FUN for them! You can also spend extra time on the topics your child is most interested in. Since this is a flex class with no live meetings, students can log in at a convenient time to complete the week's lesson. We will be going through each week as a group and I will post the lesson weekly (depending on which day you started).

The videos will contain the information required to give students a good understanding of each topic and each one will include homework for the students to undertake during the week, as part of a project. 

Homework assignments will include compiling a budget, brainstorming ways to make money from things you enjoy, making a list of the things they want versus the things they need, and the process and terminology of opening a bank account. There will also be research assignments into compound interest, investment opportunities, and risk appetite. This will mean lots of interaction between me the teacher and learners after each class to get the homework assignments completed correctly.

After watching each video and completing the homework assignments, students will be provided with feedback and the specific next steps on how to create a process to manage their finances successfully. 

Timeframe for the Week:
Mondays - The teacher will post the information needed for the week. Students can submit questions.
Tuesdays-Wednesday - The teacher can answer any questions pertaining to the topic of the week.  The students will need to complete any homework assignments and answer any questions in the discussion.
Thursday - Students need to have all tasks completed and uploaded in the classroom for teacher feedback and discussion. Students will discuss it among themselves.
Friday - The teacher will provide feedback to the class and individual students.
Saturday - Sunday - The teacher will be available to answer any questions that the students may have for the week or the next week.

No required experience or previous knowledge is needed by the learners.

▬▬▬▬▬▬ Explosive Learning Teachers ▬▬▬▬▬▬ 
This class is currently being taught by Jo Reynolds.

▬▬▬▬▬▬  Schedule Requests & LIVE classes   ▬▬▬▬▬▬ 
This is the flexible version of my course, I also teach all of my classes LIVE. Please see our profile page for a full list of all the classes we offer.

▬▬▬▬▬▬ Concessions ▬▬▬▬▬▬
For parents/families who feel their child would benefit from this course, but their budget does not allow for it, I do offer a number of discounts for families of lower income. Please message me with the course, dates and times you are interested in to learn more about the discounts I might be able to offer.
Learning Goals
By the end of the class, students will have the knowledge and tools necessary to take control of their finances and achieve their financial goals.
learning goal

Syllabus

4 Lessons
over 4 Weeks
Lesson 1:
Foundations of Money and Financial Choices
 Explore what money is, how currency functions, the history of money, and the importance of taxes. Understand the differences between public and private sectors, bankruptcy, and distinguishing needs from wants. Conclude with insights on picking the right career and the relationship between money and happiness. 
Lesson 2:
The Mechanics of Banking and Credit
 Dive into how banks and financial institutions operate, the roles of credit and debit cards, understanding credit ratings, and the essentials of mortgages, rent, and bank loans. 
Lesson 3:
Budgeting and Financial Planning
 Learn to create a comprehensive list of income and outgoings, manage a budget effectively, understand profit and loss, and discover the best strategies for saving money. 
Lesson 4:
Introduction to Investments
 Uncover the basics of investment, explore different investment avenues, learn what influences investment values, and identify trends. Focus on small but essential investments like housing, savings, and pensions. 

Other Details

External Resources
Learners will not need to use any apps or websites beyond the standard Outschool tools.
4.8
1279reviews
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Profile
Teacher expertise and credentials
Bachelor's Degree in Science from Brighton University UK
Jo Reynolds BSc Money Business Video Games YouTube
Johnathan is a highly accomplished serial entrepreneur who has founded three successful companies before the age of 30. He has always been driven to succeed in life, and this drive began in his teens when he first recognized the power of positive motivation.

Johnathan was fortunate to have had a good mentor who guided him through the complexities of financial management. This early guidance helped him understand the value of money and business, and develop the skills to identify and seize opportunities to make money and manage an investment portfolio.

In addition to his entrepreneurial experience, Johnathan holds a Bachelor of Science degree and is dedicated to sharing his life skills knowledge with others. He regularly teaches life skills, business, and English to young people (middle and high schoolers) and adults around the world.

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$25

weekly or $99 for all content
4 pre-recorded lessons
4 weeks of teacher support
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1 year of access to the content

Completed by 1 learner
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Ages: 11-14

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