Cultivating children’s understanding of money management to strengthen their financial wellness as adults.

Workshops

Opportunity Costs

Life consists 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:

✔ Explain the how to analysis process of “opportunity cost” deciding on best expenditure of funds

✔ Explain & provide examples of pros/cons reasoning for the alternative and final choice
✔Explain, examine, and provide examples of why it’s important to know the alternative possibility of a choice
✔Define vocabulary (i.e., benefits, alternative)

Balancing a Budget

Budgeting Your Lifestyle: Balancing the household budget

✔ Explain & examine the elements of a budget and it necessity

✔ Explain importance of budgeting & provide strategies of how to budget

✔ Explain & provide examples of positive/negative budgeting practices that result in not reaching or reaching future objectives.

✔ Explain, examine, and provide examples of why budgeting for emergency funds is critical with strategies on how to establish

✔ Define vocabulary (i.e., surplus, deficit)

What the attendees can expect to take away

✔ Will be able to explain the purpose of a budget

✔ Will be able to explain the importance of budgeting or impact of not budgeting (positive/negative)

✔ Will be able to explain the positive/negative results of budgeting

✔ Will be able to explain how budgeting can help with reaching future short/long term goals

✔ Will be able to provide examples of why establishing an emergency fund is important and various ways ‘penny-pinch’ to establish an emergency fund

✔ Will be able to utilize new vocabulary in discussion

Wants Versus Needs

Steps in managing household expenditures: examine the concepts of prioritizing wants and addressing needs as it relates to successful management of household finance. Included:

✔ Define & provide examples of wants & needs

✔ Develop a list of household expenses, priorities them and classify wants/needs, categorize expenses fixed/variable

✔ Create & analyze a pie chart identifying the categories of household expenditures.

✔ Examine & define vocabulary

What the attendees can expect to take away:

✔ Understand & explain the impact of prioritizing wants & needs

✔ Able to list household expenses, priorities & classify wants/needs and categorize expenses fixed/variable

✔ Create & analyze a pie chart showing the categories of household expenditures.

✔ Utilize new vocabulary during discussion

Simulated Household

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

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

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”

New Drivers

GPS

✔ Explain & examine various aspects of purchasing/obtaining a vehicle ( e.g., installment, leasing, gift)

✔ Explain & give examples of expenses involved with owning a car

✔ Overview of insurance coverage & concepts

✔ Introduce new vocabulary (e.g. liability)

What the attendees can expect to take away:

✔ Will be able to discuss which car purchase option is best for them and why

✔ Will know the expenses involved with owning a car

✔ Will be able to discuss the importance and purpose of auto insurance coverage

✔ Will be able to explain & utilize new vocabulary

Other Programs Available:

Adult report cards (FICA)
Entrepreneurship
Penny Matters