Save It Forward (SIFI) provides students with a foundational understanding of financial literacy, covering essential topics to help them make informed, responsible financial decisions. The curriculum is designed to be approachable and engaging, with each module focusing on practical skills students can apply in their everyday lives. Here’s a glimpse into the core topics covered:
- Savings and Checking – This module teaches students the basics of managing checking and savings accounts, understanding account types, and recognizing the importance of maintaining a financial cushion. Students learn to track their expenses, set savings goals, and differentiate between needs and wants.
- Budgeting – Students are introduced to budgeting as a tool for financial success. They learn to create a personal budget, monitor spending, and prioritize expenses, which helps them understand how to allocate funds in a way that aligns with their financial goals.
- Life’s Big Purchases – This module focuses on major financial decisions, such as buying a car, paying for college, or purchasing a home. Students explore the costs involved, strategies for saving, and the long-term impact of these decisions on personal finances.
- Investing in Yourself – Recognizing the value of self-investment, this module encourages students to build skills that can enhance their financial futures. They explore the concept of investing in education, training, and skill development as ways to improve future earning potential.
- Investment Vehicles – Students are introduced to basic investment options, including stocks, bonds, and mutual funds. The module covers how these vehicles work, potential risks, and the role they can play in long-term financial planning.
- Basics of Stock Market and Trading – Students get an overview of the stock market, learning about trading basics, different types of investment accounts, and how to make informed decisions based on their financial goals and risk tolerance.
- Determining Investment Strategy & Risk Tolerance – This module helps students understand their own risk tolerance and teaches them how to align their investment strategies accordingly. Students are guided on how to create an investment plan that fits their financial goals and risk comfort.
Throughout the program, SIFI emphasizes practical application, encouraging students to think critically about their financial choices. Each module is designed to not only teach core financial skills but also inspire students to “save it forward” by sharing these valuable insights with others in their lives.
This curriculum is designed to be flexible, allowing for tailored sessions to suit the needs and interests of different age groups and educational backgrounds.