Aishwarya Choudhary

Finance Foundation Session 5 How to run the slides in Presentation Mode with Speaker Notes ! Please switch to the ‘Presentation’ Mode Use Arrow Keys to navigate Note: Use Speaker Notes while presenting the slides, the Speaker Notes are NOT visible to students. Teacher’s Only Instruction for Teachers • The teacher is required to be extremely patient with the students and try to answer each and every question the student may ask. If just in case the teacher does not have an answer to the question of the student, she/he should assure the student that she will get back with the answer. Any temptation to answer without really knowing the answer will break the trust the students have put in the teacher. • The session should be very lively and interactive. If the students don't feel sufficiently engaged the whole purpose of the course will get defeated. • Teacher should be knowing about each and every student and keep track of the progress of each student • Teacher should infuse some humour while discussing the concepts Teacher’s Only Warm Up • First 5 minutes should be kept for introducing each other. It's important to have a good rapport with students. • Following questions be asked to child 1. Could you please tell me your name ? 2. So NAME could you please tell me what do you like to do the most ? What are your hobbies ? 3. Tell me which superhero you like the most ? 4. Why do you like that superhero ? 5. Can you tell me who is more powerful between Spiderman and Superman ? and why Learning Objective After this class you will learn about the importance of Savings and Self-Control Let me tell you a Secret The sooner you Save, the faster your money can Grow Table of Contents 01 Quick recap of last class 03 Saving 02 Self control 04 Instant Gratification 05 Delayed Gratification Quick Recap ● What are Real Assets and real Liabilities? ● ● How to make money work for you? What is a Real Asset? Something that puts money in your pocket is an Asset. For example: If you start lending your toys to your friends and charge a small fee, then that toys are your assets as it is putting money in your pocket. What is a Real Liability? Something that takes money out of your pocket is a Liability. For example: ● ● ● ● an unpaid cell phone or internet bill, etc. Buying toys, laptop, etc. Your car, cell phone, etc. If you’ve borrowed money from your friends. Real Asset vs Real Liability Real Assets Examples ● Rented Houses ● Saving Account in Banks ● Businesses Real Liability Examples ● Cars ● Vacations ● Clothes ● TVs ● Toys When do you become Rich? Real Assets are far MORE than Real Liabilities Let’s discuss last session’s project Project task ● Make a list of Real Assets and Real Liabilities owned by your family ● Also mention the reason for calling them real asset or real liability *Teacher will provide the project worksheet in Google sheet format (or Printable pdf format) Click on the link shared in the chat Savings Lets think If your parents give a box full of chocolates, Will you eat everything in one go or you’ll eat few and save remaining for the other day Let’s learn from this picture. Income - Expense Income - Saving = = Saving Expense Think Saving first and then Spending What are Savings? SAVING means not spending your money straight away, but putting it somewhere so you can spend it later. Once you have enough then you can buy what they want. Remember Tom’s Candy Shop? Now let’s understand ‘Savings’ with an example. Tom’s Candy Shop Tom’s Candy Shop received an income: Rs 100 Expenses such as ingredients, wages for employees and electricity: $60 So, the Profit Tom earned was: $100-$60= $40 Out of $40, he uses $20 for meeting his family needs. Rest $20 is the savings CANDY SHOP Meme time ! Why is Saving important? ● It is a good habit and it helps us in many ways ● With Savings, you buy something that you wish for, even if it is expensive ● It helps you in emergencies, for example, a medical emergency. How does saving help us? Saving gives us freedom and peace of mind Because you can that you manage in all situations Teacher’s Only Quiz on Savings Visit https://quizizz.com User ID: qsprasanna Password: Financial@2020 Select quiz on Savings (8 Qs 3-4 minutes ) Share the quiz link over VC link Run the Quiz in the instructor-paced mode Click on the link shared in the chat Put on your thinking hat Did you ever cry for something when you were small ?????? Did you ever throw a tantrum for something ? Self-Control Do you know? What is Self-Control? Let’s discuss the old example You have a box full to chocolates and you want to eat all of them But you control yourself and eat only 2-3 That is Self - Control Self-control is being in-charge of your thoughts and actions in the face of various desires and distractions. Put on your thinking hat Tell me something Did you ever cry for something when you were little? Did you ever throw a tantrum for something ? Instant Gratification Instant Gratification Let’s call it: IG What is IG ? IG is the desire to get anything you want without delay. Basically, you want it now. It refers to the temptation to let go a future benefit in order to obtain a less rewarding but more immediate benefit. Examples Eating junk food, Not exercisingeveryone loves to do these things, but when you look at their long-term effect, it's actually bad for you and your health Let’s watch a video I want it now \ Delayed Gratification Delayed Gratification Let’s call it: DG Put on your thinking hat Your parents give you 3 chocolates with a condition that if you eat only 1 then you’ll get 3 more tomorrow What is DG ? DG is the ability to postpone an immediate gain in favor of greater gain later. What is DG ? Let’s learn about ‘Marshmallow Experiment’..... Teacher Note: Student be asked following 1.If you were given the marshmallow test, what do you think you would do? Why? 2. Why was it difficult for the children to resist eating the marshmallow? 3. Describe what is going through one of the kid's mind as (s)he tries to resist the temptation to eat the marshmallow. 4.What are some other examples of people being unable or unwilling to wait? Is this a positive or negative trend? Let’s Watch a Video Teacher’s Only Video Case Study • https://www.youtube.com/watch?v=a2lv_Xl1e4U (3 minutes video) • Kid be asked to narrate what they observed • Typical case study approach • Kid be only helped to tell what she observed • If she misses any aspect , teacher to highlight that • Then if time permits the message of the ad may be discussed ● What did you observe? ● Are there any lessons? What would you choose? DG IG Fun-time https://read.marvel.com/#/book/41238 Teacher’s Only Quiz on IG and DG Visit https://quizizz.com User ID: qsprasanna Password: Financial@2020 Select quiz on IG and DG Share the quiz link over VC link Run the Quiz in the instructor-paced mode Click on the link shared in the chat Next Class We’ll do a lot fun activities and learn about how do Banks Function? Teacher’s Note IMPORTANT: 1. Kindly call the parents and discuss with them the progress of the student at the end of every session. 2. Highlight what has been taught in the session. 3. Inform the parents the performance of the kid. 4. Talk a bit about the project given. 5. Highlight any issue which is affecting the session to the parent. Thanks Do you have any questions?-- www.education10x.com CREDITS: This presentation template was created by Slidesgo, including icons by Flaticon and infographics & images by Freepik.