Copy - Ms. Laura Ernestina /Money Management

Laura Ernestina Rodríguez Rodríguez

CP

MEd.

This course aims to equip middle school students with the foundational knowledge and skills necessary to make informed financial decisions. By the end of the course, students will understand basic financial concepts, such as budgeting, saving, and responsible spending, and will be able to apply these concepts to their daily lives.

Realistic Budget

Banking

Smart Spending

Credit VS Debt

10 steps to

Money Management

Spending VS Saving

Understand the benefits of saving.

Know where the money comes from

Financial Literacy

Law of Supply and Demand

Financial Planning

Saving Money Key Concepts: *The importance of saving.*Different ways to save (piggy banks, savings accounts).* Short-term vs. long-term savings goals.

Law of Supply and Demand Key Concepts: *Anticipate demand for a product or service and drive more sales while engaging in effective customer care. *Is essential because it helps investors, entrepreneurs, and economists understand and predict market conditions.

Financial Planning Key Concepts: *Introduction to financial planning and setting long-term goals.*The importance of revisiting and adjusting financial plans.*How financial literacy benefits future financial well-being.

Smart Spending Key Concepts: *Making informed purchasing decisions.*Understanding the value of money. *The impact of advertising on spending.

The Basics of Banking Key Concepts: *Introduction to banks and credit unions. *Understanding savings accounts and checking accounts.*The role of interest in saving and borrowing.

Credit and Debt Key Concepts: *What is credit? *The difference between good debt and bad debt.*Understanding interest rates and borrowing costs.

Earning Money Key Concepts: *How do people earn money? (allowance, chores, jobs) *Understanding wages, salaries, and other income sources.*The concept of entrepreneurship.

Spending VS Saving Key Concepts:*Spending – How to spend money wisely and differentiate between needs and wants. *Short-term savings.*Long-term savings.

Introduction to Money and Financial Literacy :*The importance of financial literacy.*Different forms of money (cash, digital, credit).

Budgeting Basics Key Concepts: *What is a budget? *Understanding income vs. expenses.*The importance of planning and prioritizing spending.