Money Matters

The Money Matters overview poster is one of the two posters of the Fundamentals of Financial Literacy toolkit, created by the Khazana Foundation and StreetSmart in 2023. The two organisations joined forces to create a new toolkit together to allow more vulnerable children to learn about the basics of financial literacy via playful, accessible educational materials.

On the Money Matters overview poster, one can find over 50 situations that are directly or indirectly linked to financial literacy. At the bottom of the poster, the five coloured circles with the icons represent the five pillars of financial literacy: 

• Earn
• Spend
• Save
• Invest
• Protect

REFLECTION QUESTIONS FOR EACH PILLAR

Earn

• Can you make a list of chores you could do to earn some money?
• How do you feel when you've earned money?

Spend

• Where do you usually spend your money on?
• What is the difference in buying things you want and things you need?

Save

• Are you saving for something at this moment?
• Why do you think saving for the future is important?

Invest

• Can you give an example of an investment?
• If you saved some money, are you considering investing it in the future? Why (not)?

Protect

• What does it mean to protect your money?
• Why do you think people get insurance?

• After identifying the five pillars of financial literacy, ask the children which pillar is most important for them. Why do they think this? Is there a big difference in terms of importance between the pillars?
• Ask the children how they rate their knowledge on financial literacy and where they learn most about money.
• Over all pillars: what are good money practices you can find on the board? What are bad habits on the board you see on the board? Give children the time to discuss why they think certain situations are good and others are bad.

• Children learn about the five fundamental pillars of financial literacy
• Children learn more which everyday situations are linked to these five theoretical pillars