These contemporary times require that our youth become better prepared for the financial challenges of tomorrow. Financial literacy education is the key to responsible consumerism, meaning financial knowledge should be taught at a young age, as soon as a child extends their hand for money. Yes, cultivating financially savvy children is an enormous challenge for …
Simulated Household Financial Responsibilities
Young adults are anxious to be “adults”, but how aware of any of the financial demands and responsibilities beyond paying for their movie night or cell phone are they? Would they know how to handle adult personal finance responsibilities? Or, all the other financial nuisances that parents handle?
Kidzonomics’ Simulated Household workshop, submerges young adults into a simulated household environment with all the tangible financial dynamics of managing household expenses, then strategically exposing the young adults to the financial challenges and rewards of being an adult. Young adult need a taste of financial reality.
Youth Humanitarian Kidzonomics’ Workshops
Creates phenomenal realistic learning environments for youth to contribute their solution to and develop skills as architects of the economic world they envision by participating in and learning about issues confronting their community, for now, then applying those strategies to more complex world issues.
This youth’s list consists of humanitarian concerns: homelessness, food insecurities, water issues, and helping animals.
Empowered Consumer Voices
Money Astuteness: Being a Conscientious Consumer- Examining consumerism through the lens of one’s spending habits as an expression of their “consumerism voice.” The assimilation of relevant “real-life” application of personal financial literacy terms and concepts enables youth to learn the fundamentals of household money transactions to develop their financial awareness skills into adulthood. Youth will then realize they have the ability to be the architects of their financial well-being as well as creating a sustainable economic world.
Your spending is your voice – “consumerism voice”
Steps in managing household expenditures: examine the concepts of prioritizing wants and addressing needs as it relates to successful management of household finance. Included:
What the attendees can expect to take away:
Sweet Potatoes Economics
GPS
What the attendees can expect to take away:
Budgeting Your Lifestyle: Balancing the household budget
What the attendees can expect to take away
Life consist of choices: making financial decision requires one to exercise “Opportunity Cost” skills. The “Opportunity Cost” concept is the price paid when something is given- up, in order to get something else. There may be several things we could have done and several others we gave up, but the most desirable of the choices we did not make is the opportunity cost of our choice. Leaning the financial aspect of how to use the “opportunity cost” principle: