FQ Level 2 Everyday Finance (S-201)

FQ


Description

This is 2nd level of FQ training material for developing students' financial literacy and life economics.
Introduce students how to distinguish between need and want, do a simple budget to manage their pocket money, and learn basic knowledge of shopping, work and invest to make money. Meanwhile, start to understand the government’ and banks’ roles in the wealth building chain.

Content
  • Section 1: Needs and Wants
  • Needs and wants revisited
  • Needs and wants are not fixed
  • Different levels of wants
  • Want and a “must-have”
  • Wants control
  • Exercises
  • Working with a budget
  • Preparing a child’s first budget sheet
  • Exercises
  • Section 2: To buy or not to buy
  • Buy or not
  • Pre-purchase research
  • Attention to prices and features
  • Product quality
  • Return and warranty policy
  • Exercises
  • Book from a book fair
  • Setting a spending limit
  • Making a shopping list
  • Section 3: Saving
  • Putting money in a bank
  • Earning interest
  • Different interest rates
  • Certificate of deposit
  • Section 4: Payments
  • Using a check to pay
  • Debit card for payments
  • Credit card
  • Mobile payment
  • The largest denomination of US bills
  • Printing the money
  • Section 5: Earning Money
  • Ways to earn money
  • High-pay job and low-pay job
  • Ways to get a high-pay job
  • A career and a job
  • A business and an entrepreneur
  • Tax and government income
  • Window tax and brick tax
  • Income tax and sales tax
  • Tax and government spending
  • Section 6: Borrowing
  • Borrowing money
  • Ways to borrow money
  • Loan payments
  • Exercises
  • Section 7: Investing
  • Simple investing
  • Investing versus spending
  • The risk of investing
  • The risk of not investing
  • Exercises
  • Section 8: Risk
  • Typical examples of risks
  • Minimizing dangers in life
  • Exercises
  • Section 9: Key Aptitudes
  • Making financial decisions
  • Making purchases
  • Employment and income
  • Banking and investment
  • Risk and protection
Completion rules
  • All units must be completed