Remember as a kid, when you were in class, and the teacher would bring the old SRA Readers box out? Maybe this is a 70’s thing, but I remember that, and it helped me not loathe reading as much as I did. Can we borrow this idea for Financial Literacy?
The system helped kids progress through reading stories that became more complex, as you moved through each level or Colour. You would get questions on the story to make sure you really understood the whole story.
I enjoyed the competition that it introduced, as each kid in the class would proudly say what colour they had achieved, and when I remembered this I wondered wouldn’t this be a wonderful way to teach Financial Literacy and other Money topics?
Start with simple money concepts, then move onto saving and how money can grow, move on to banks and how they work, and once those topics are well understood then bring in the concept of leverage and credit, and finally how Mortgage, and complex investing concepts work. Each section could be easily broken down, and at the end of it you could be confident that the kids have learned about the topic.
Anybody up for putting this together?