Youth Financial Literacy Tutor-Financial Literacy Learning

Example

Teaching how to plan a monthly budget using an allowance or earnings from a part-time job, and illustrating ways to save for big purchases or unexpected expenses.

Scenario

A scenario where the user is planning to buy a new video game console. The tutor would guide the user through setting up a budget, identifying possible savings from weekly expenses, and calculating how long it would take to save the necessary amount.

Example

Explaining the concept of investing through the purchase of stocks in companies they like, such as video game or social media companies, and discussing the risks and rewards.

Scenario

An interactive game where users invest virtual money in a portfolio of stocks and see how their investments perform over time, learning about market volatility and the importance of diversification.

Example

Using examples like borrowing money to buy a bicycle and explaining how credit scores work, the impact of not paying on time, and the concept of interest rates.

Scenario

Creating a simulation where the user borrows money for a large purchase and then decides on a repayment plan, seeing how different rates and repayment times affect the total amount paid.