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FLEX Money Life Skills How Money Works Financial Credit Cards Save Banks 4W3

Completed by 3 learners
Ages 15-18
Self-Paced Course
The Fundamentals of Financial Literacy: Understanding Banks and Credit Cards is a four-part series that covers the basics of money and currency, how banks and financial institutions operate, the concepts of credit and credit cards and managing personal finances.
Average rating:
4.8
Number of reviews:
(1,289 reviews)
Popular

4 pre-recorded lessons
4 weeks of teacher support
Choose your start date
1 year of access to the content

Enroll Now, Start Anytime

Go at your own pace
Your learner can start learning when they want and progress at the speed that works best for them.
Start when you want.
Learn at your own pace
Access course material for a full year.
Get hands-on support from teacher.

What's included

4 pre-recorded lessons
4 weeks
of teacher support
1 year access
to the content
Homework
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

The Fundamentals of Financial Literacy: Understanding Banks and Credit Cards is a four-part series that covers the basics of money and currency, how banks and financial institutions operate, the concepts of credit and credit cards and managing personal finances. The class starts with an overview of the fundamental concepts of money and how currency works, including the history of money, inflation and the role of government. The second class explores the world of banks and financial institutions, including how they operate, types of accounts they offer and lending products they provide. The third class is all about credit and credit cards, how credit works, how credit score are calculated, how to use credit cards responsibly and different types of credit cards. The final class is focused on helping students manage their finances, including budgeting, saving and creating a financial plan that works for them. 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.

Topics to include:
▬▬▬▬▬▬ 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.
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. 

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.

Once a learner has been verified per OS policy, this is a camera optional class.

▬▬▬▬▬▬ Minimum Student Levels ▬▬▬▬▬▬ 
Please be aware I try to teach all of my classes to at least 2 students as I feel it provides a better teaching and learning experience. If the minimum amount of students is not reached 24 hours before the start of the course, students will be transferred to the next available section at a similar time.

▬▬▬▬▬▬ 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. If you do not see a time or date listed for a class that interests you, please message me with a few possible dates and times, and I will do my best to offer a session that will work for your schedule. Here is a link to my live schedule for this class - https://outschool.com/classes/how-money-works-understanding-money-credit-cards-finance-life-skills-camp-726QQRsR?usid=5GcmKQIx&signup=true&utm_campaign=share_activity_link

▬▬▬▬▬▬ 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.

▬▬▬▬▬▬ Discount Coupons for related courses ▬▬▬▬▬▬
For those who wish to continue their journey, I have just created a new finance/money weekly class for those students that took and enjoyed my “How Money Works Class” and wanted to continue the adventure of mastering money, finance, investments, etc with the support of myself and classmates. Every week we will focus on a specific money topic to help them grow financially.  
Get the first week for free to see if they like it with this $43 off my class "How Money Works Weekly- Understanding Money - Credit Cards - Finance Life Skills" with coupon code REYNOMONEYWEEK43 until Feb 24, 2023. Get started at https://outschool.com/classes/how-money-works-weekly-understanding-money-credit-cards-finance-life-skills-YEjz3HcW and enter the coupon code at checkout. 

I have also started a new Money Finance Investing Group Community for All Things Banks Debit Credit Cards which is a new thing on Outschool. This is a place for students to learn, share and connect with like-minded students. If you’re interested in trying the first month for free to see if you like it, please use this link:
Get $25 off my class "Money Finance Investing Group Community for All Things Banks Debit Credit Cards " with coupon code REYNOMONEYGROUP25 until Feb 24, 2023. Get started at https://outschool.com/classes/money-finance-investing-group-community-for-all-things-banks-debit-credit-cards-KRtxPCc4 and enter the coupon code at checkout.

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.

Syllabus

4 Lessons
over 4 Weeks
Lesson 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

External Resources
Learners will not need to use any apps or websites beyond the standard Outschool tools.

Offered by

4.8
1289reviews
Popular
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.

Reviews

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