Financial Literacy
Competency Based Learning & curriculum
The Theme and Associated Skills
Curriculum under the microscope
Based on Financial Literacy as an Overarching theme, we have broken down what the skill side of curriculum looks like when bundling:
Financial Literacy skills
Money in our lives
- Understand the concept of money and its units.
- Understand the ways of earning money and how it is used in everyday life.
- Relate everyday decisions and relate them to money.
- Explore tradeoffs.
- Recognize the price of items.
- Identify the role of money in future life.
Consumer skills
- Recognize the different payment types and know when they can be used.
- Read recipes and understand their ingredients and quantities.
- Prepare a shopping list.
- Compare prices and research opportunities at different stores.
- Check the purchase receipt and identify the amounts and information on it.
- Know how to apply discounts and coupons to a purchase.
Budgeting
- Learn to track and manage the money.
- Prepare a budget considering the needs and expenses.
- Identify the needs and wants.
Savings
- Identify the future goals and the amount needed to achieve them.
- Build saving habits.
- Build an emergency fund.
- Pay bills and save money.
- Know the different types of accounts to save money.
- Apply compound interest when calculating savings.
Investing
- Understand what investments are.
- Identify the types of investments available, their characteristics and expected returns.
- Understand and apply different risk strategies.
Credit
- Understand when to borrow money, from whom and under what conditions.
- Know how credit cards work and how interest applies.
- Understand what a credit score is and the implications of keeping it high.
Life after high school
- Design a plan for the years after high school.
- Create a budget for the future.
- Explore interests to design a career map.
- Know the options available to pay for college.
Skills integrated into the 17 Sustainable Development Goals
SDG 1
No poverty
- Build awareness of inequalities
- Understand that local actions have a great impact on the fight against poverty
SDG 2
Zero hunger
- Ability to understand the difficulties and particularities of populations living under food insecurity worldwide.
- Identify possibilities for sustainable agriculture.
- Know and understand the nutritional value of food as well as simple and economical ways to eat healthily.
SDG 3
Good health and well-being
- Demonstrate the motivation and commitment to exercise and moving the body in response to needs, balance, and well-being.
- Demonstrate an adequate level of physical fitness regardless of the sport chosen.
- Demonstrate determination in practicing exercise and sport, understanding that perseverance develops skills.
SDG 4
Quality education
- Participate in school and community decisions.
- Involve the community in the school’s main actions.
- Reflect on the pedagogical practices and participate in the choice of themes.
SDG 5
Gender equality
- Identify situations of gender inequality and propose different ways to change them.
SDG 6
Clean water and sanitation
- Identify opportunities to enhance protection and restoration of water-related ecosystems; and hygiene education.
SDG 7
Affordable and clean energy
- Identify the most common sources of energy, whether they are sustainable or not.
- Reflect on the energy used in everyday actions, how much it costs, what it is used for, and where it comes from.
- Understand political values related to energy sources.
SDG 8
Decent work and economic growth
- Understand ways of working, laws and rights.
- Identify situations in which children are exposed to work and think of ways to minimize them.
SDG 9
Industry, innovation and infrastructure
- Understand the productive chains and their characteristics.
- Know local businesses, their characteristics and interactions with other parts of the city and/or country.
SDG 10
Reduced inequalities
- Reflect on the different causes of inequality between countries or even between people from the same country.
- Able to understand and identify prejudice among oneself and others.
- Identify situations where there is inequality and propose another approach.
SDG 11
Sustainable cities and communities
- Able to define what it means for a city or community to be sustainable.
- Reflect on the challenges of communities and cities to be sustainable.
- Know about sustainable practices already used in other cities.
SDG 12
Responsible consumption and production
- Know the natural resources of your own region and how they are being used.
- Understand the consumption chain, companies and people involved.
SDG 13
Climate action
- Identify actions that can increase the effect of climate change.
- Able to design solutions to minimize the effect of climate change in the community or school.
SDG 14
Life below water
- Understand the actions that can degrade the oceans, seas and marine resources.
- Identify possibilities to reduce marine pollution and overfishing.
SDG 15
Life on land
- Know the forest’s biodiversity, what it is used for and why it should be preserved.
- Identify actions that promote the sustainable use of natural resources.
SDG 16
Peace, justice and strong institutions
- Recognize the institutions of power that can guarantee security and peace.
- Identify aspects in the community that can be improved to promote safety.
SDG 17
Partnership for the goals
- Share with the community the main aspects that can be developed.
Integrating the World Economic Forum’s Top 10 Skills
Analytical Thinking
- Testing ideas and resources while reasoning focusing on the solution.
- Combine and establish relationships between information and arguments.
Creative Thinking
- Be able to explore different possibilities and scenarios.
- Know brainstorming techniques and work on ideas and strategies.
Resilience, Flexibility and Agility
- Embrace new challenges and have confidence in your ability to surpass limitations.
- Show flexibility by incorporating new ideas and making revisions.
Motivation and Self-Awareness
- Recognize and identify your own emotions.
- Comprehend the appropriate management of emotions or behavior within a specific social or environmental context.
Curiosity and Lifelong Learning
- Realize that making mistakes is part of the process and that learning can occur in these moments. Recognize that it is important to ask for help.
- Learn independently. Be able to work without an adult’s support for periods of time.
Technological Literacy
- Analyze and select information from digital sources. Know how to gather information and communicate the theme and main idea.
- Use digital tools in an ethical and appropriate way.
Dependability and Attention to Detail
- Use observations and ideas to propose solutions to inquiries.
- Collect, describe, and document data to aid in addressing questions.
Empathy and Active Listening
- Demonstrate open-mindedness and empathy of the group’s needs and its dynamic.
- Comprehend one’s role within the team. Promote interactions within small and large groups, or assist others in facilitating them.
Leadership and Social Influence
- Assume shared responsibility for collaborative work, and value the individual contributions made by each team member.
- Coordinate the organization, decision-making and execution of team needs and goals.
Quality Control
- Assess and analyze the effectiveness of a solution, identifying potential areas for improvement.
- Use a variety of media sources and technologies and have the ability to evaluate their effectiveness and assess their impact.
Resources
Click here to learn more about the United Nations 17 Sustainable Development Goals
Click here to learn more about the World Economic Forum Top 10 skills of “Future of Jobs”.
