Primary Level : Introduction to Basic Money Concepts

I. Week 1

Lesson 1: Introduction to “Money”

Brief information:

Brief information about the interest, abilities and prior knowledge of the children:

• Children aged 7-12 years old are becoming more sociable, and are able to engage in more conversations . Their attention span has since increased, so has their cognitive abilities where they start to understand how things work. They are also interested in hands on activities where they get to participate and enjoy interacting with their classmates in a group setting.
• Help your children to learn basic financial concepts
• Learn the value of money and how to plan finances together as a family
• Family bonding – bring family closer to each other
• Educating your kids on Valuables, Values, Value of money

Learning Objectives

Children will be able to

1. Understand what “money” is, and explore their current priorities in using money
2. Distinguish between “Needs” and “Wants”
3. Make a more informed decision by comparing prices

II. Week 2

Lesson 2: Compounding Interest

Brief information

• Children to understand the difference between simple interest and compound interest

Learning Objectives

Children will be able to

• Understand what is simple interest and compound interest
• Distinguish between simple interest vs compound interest
• Make a more informed decision by comparing bank interest rates

III. Week 3

Lesson 3: Assets vs Liabilities

Brief information

• Children to understand the differences between assets and liabilities

Learning Objectives

• Children will be able to Understand the concept of Assets and Liabilities, Compounding Interest

IV. Week 4

Lesson 4: Gratitude and Parent & Teacher Appreciation

Brief information

• Children to understand gratitude towards parents and teachers

Learning Objectives

• Children will be able to Appreciate their parents for their provision with their hard-earned money.
• They will learn the importance of showing gratitude towards their parents and teachers, helping to build stronger relationships and a sense of community.
• It can also help students develop important social and emotional skills, such as empathy and compassion.