https://www.kkv.fi/en/education/personal-finances/objectives-for-learning/
Objectives for learning
Agerange 3-5
- To help children explore the purchase procedure and the concept of owning
- To help children get an idea of the concept and usage of money
- To help children, through play, explore using money
- To help children become familiarized with saving money
- To motivate children to notice and to take part in using resources in an economical way
Agerange 6-9
- To help children develop a relevant idea of concepts, such as the value of money and the relationship between the price and the money available
- To offer children possibilities for handling money and practising how to make purchases, comparisons, conclusions and calculations
- To motivate children to discuss consuming and how social pressure can affect choices and desires
- To guide children in using resources in an effective and economical way
- To help children recognize payment methods in virtual games by reading and understanding advertisements and contractual texts
Agerange 10-12
- To help children recognize fundamental elements of personal economy, including key financial concepts and basic features of financial products
- To help children recognize the importance of managing the emotional and psychological factors that influence financial decision-making
- To guide children in experimenting with making simple financial decisions
- To motivate children to practise managing and planning personal financial affairs and to familiarize children with household budgeting
- To motivate children to practise accessing and applying information in the context of personal finances
- To offer children an opportunity to practise buying financial products and making commitments through a bank account or a mobile phone contract in a safe way
- To help children become aware of the limited rights of minors when signing a contract
Agerange 13-18
- To help adolescents understand how to manage and plan their personal and household financial affairs, and to make a budget and keep their personal economy in balance
- To raise adolescents’ awareness and understanding of the overall financial and economic environment in which they live
- To motivate adolescents to seek information and advice before engaging in financial activities
- To guide adolescents in understanding the principles of monetary transaction agreements
- To help adolescents get accustomed to the financial environment in which they and their families live and to the main risks they may encounter
- To help adolescents understand concepts, such as interest, inflation, the value of money and the importance of paying in time to avoid running into debts
- To help adolescents understand fundamental elements in the financial world, including key financial concepts as well as the purpose and basic features of financial products
Lifelong learning
- Be aware of the relationship between the national economy and the financial situation of the individual household.
- Take responsibility for their own financial situation, understand what constitutes income and expenses and be able to plan and control the flows of money in their own household.
- Understand and know where and how assistance can be obtained if financial difficulties arise.
- Be aware of economic factors while using digital technology and media.
- Be able to compare price and quality based on household needs.
Core contents
- Principles of financial management
- Flows of money in a private household
- Regulations pertaining to private finances
- Financial difficulties