Money Management for Children and Teenagers

About the Course

Legendary investor Warren Buffet started investing at the age of 10. There is no minimum age for this activity. Younger you start getting acquainted with it, the better you are placed to deal with personal finance in adulthood. The idea is to catch them young to reap the benefits of compounding.

Money management is a life skill similar to riding a bicycle or swimming. However, children grow up in insulated environment where parents consider money and finance as taboo subjects. The subject is not part of any curriculum in schools or colleges and a young adult enters his working life without simple understanding of how to manage his finances.

This course attempts to teach children the complex subject in a simple way. It builds vocabulary and understanding of the terms that are mainstay of managing life and finance

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Course Content

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• Understanding the difference between need and want.

• Income as the reward for work.

• Income = Consumption + Saving

• Saving is for future needs

• Saving when invested leads to higher income

• Basic understanding of risk and return and liquidity and return

• How do I save? Investment options