FLEX Money Life Skills How Money Works Financial Credit Cards Save Banks 4W1
Money management is an essential life skill that can help individuals achieve their financial goals and lead a more secure and stable life. In this 4 week class, we will cover the key concepts and tools needed to understand how money works, including the basics of money credit cards, banks, finance, investing, and savings.
Explosive Learning Jo Reynolds Life Skill Teachers
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4.8
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What's included
4 pre-recorded lessons
4 weeks
of teacher support1 year access
to the contentHomework
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
Money management is an essential life skill that can help individuals achieve their financial goals and lead a more secure and stable life. In this class, we will cover the key concepts and tools needed to understand how money works, including the basics of money credit cards, banks, finance, investing, and savings. The goal of this class is to provide participants with the knowledge and skills to make informed financial decisions, manage their money effectively, and build wealth over time. Week 1 - Topics will include: 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? Week 2 - Topics will include: We will talk about ways of creating money for financial stability. How banks and financial institutions work Credit and debit cards, credit ratings, mortgages and rent, bank loans Week 3 - Topics will include: Creating a list of income and outgoings How to manage a budget What profit and loss is The best ways of saving money Week 4 - Topics will include: What an 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. We will even have a class scavenger hunt with a money theme which should make for some fun class interaction. 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. Time-frame for the Week: Mondays - 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 - 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. ▬▬▬▬▬▬ 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
The learner goals for this class on "Money Life Skills: Understanding the Fundamentals of Financial Management" are as follows:
-Understand the basics of money and its role in daily life, including different forms of currency and their history
-Learn about credit cards and banks, including how they work, different types of credit cards, and how to use them responsibly
-Gain knowledge of finance and investing, including budgeting, saving, managing debt and different types of investments and how to build a diversified portfolio
-Develop the ability to create a savings plan and the skills for successful money management, including how to set financial goals, make informed financial decisions, and develop good money habits.
Overall the class aims to empower the participant to be able to manage their money effectively, make informed financial decisions and build wealth over time.
Syllabus
4 Lessons
over 4 WeeksLesson 1:
Understanding the Value of Your Work
Discover how to accurately assess the value of your work and the factors that influence pricing decisions. Lesson 2:
Setting Your Financial Goals
Set clear, achievable financial goals to guide your pricing strategy and overall business approach. Lesson 3:
Developing Your Pricing Strategy
Learn to develop a flexible pricing strategy that accounts for your costs, market demand, and financial objectives. Lesson 4:
Overcoming Pricing Obstacles
Address common pricing challenges and obstacles, and learn strategies to overcome them. Other Details
Language of Instruction
English
External Resources
Learners will not need to use any apps or websites beyond the standard Outschool tools.
Joined May, 2020
4.8
1279reviews
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Teacher expertise and credentials
1 teacher has a Bachelor's degree
Bachelor's Degree in Science from Brighton University UK
Johnathan has been a martial arts expert since the age of 9. From the age of 16 he worked with various circus teams where he learned many skills. He has travelled the world performing for audiences including Formula 1 events, royalty and international superstars. He is a fully insured fire performer with many skills including bubbleology, staff spinning, juggling and stilt walking, to name but a few.
As a serial entrepreneur who founded three successful companies before the age of 30, my drive to succeed in life began in my teens when I realised the power of positive motivation. I was lucky enough to have a good mentor who guided me through the intricacies of financial management which helped me to understand the value of money, how to identify and seize opportunities to make money and how to manage an investment portfolio.
He holds a Bachelors degree and also teaches conversational English to children and adults across the world.Reviews
Self-Paced Course
$25
weekly or $99 for all content4 pre-recorded lessons
4 weeks of teacher support
Choose your start date
1 year of access to the content
Completed by 20 learners
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Ages: 8-13
