entrepreneur me education’s Post

I'm sure you will agree with me that teaching kids financial literacy is important both for their future financial well-being and to encourage prosperity. Here are some financial words that we teach to kids via our action packed enterprise programmes. Entrepreneur: Introducing the concept of someone who starts their own business to earn money. Saving: Learning to set aside a portion of their money for future needs or wants. Spending: Understanding how to use money to buy things they need or want. Budget: Introducing the concept of a budget, which is a plan for how to spend and save money. Income: Teaching them that money can come from many sources. Expenses: Explaining that money is used to pay for things. Savings Account: Introducing the idea of a bank account where they can save money and earn interest. Interest: Explaining that when you save money in a bank, the bank pays you a little extra money called interest. Debt: Teaching them that sometimes people borrow money and have to pay it back, often with interest. Investing: Introducing the idea that people can use their money to buy things like stocks or bonds that have the potential to grow in value over time. Credit Card: Explaining that a credit card is a way to borrow money to make purchases, but it needs to be paid back. Income Tax: Introducing the concept that some of the money people earn is paid to the government as taxes. Charity: Teaching them about giving back and donating money to help others . Earning: Discussing the idea that money is earned through work and other activities. Inflation: Simplifying the idea that prices can go up over time, so their money may not buy as much in the future. Emergency Fund: Explaining that it's a good idea to have some money set aside for unexpected expenses. Compound Interest: the idea that money can grow over time through CI. Credit Score: teaching kids that their financial behaviour can impact their credit score, which can affect their ability to borrow money in the future. Investment Risk: Investments can go up and down in value, and it's important to understand and manage this risk. Financial Goal: Encouraging young people to set financial goals. These financial words and concepts can serve as a foundation for teaching kids about money and helps them develop good financial habits from a young age. Want to know more about our work them please DM me, I'd love to chat with you. Kind regards