Financial literacy is a critical life skill that can’t be learned early enough – it’s vital for creating a financially inclusive society. That’s why ACCA members in India have voluntarily created a financial literacy programme that helps make children aware of the importance of managing money.
By partnering with the Padma Seshadri Bala Bhavan Schools (PSBB) school in Chennai the vision of equipping children with financial literacy, a life skill, educational programme for schools has been turned into a reality. Over 500 grade six students in three schools have taken part in the programme during 2022-23 and completed the first module on the evolution of money.
At an event in Chennai to celebrate the successful pilot programme, ACCA President Joseph Owolabi thanked the students, teachers, partners and ACCA members involved.
He said: ‘One of the greatest strengths of ACCA India is how members help each other and their communities. This programme has only been possible because of their passion, commitment and enthusiasm.’
The programme set out to develop financial confidence and to help young people feel positive about their future because financially aware young people are empowered to make good decisions and be better consumers. Through games, discussions, activities and stories, students developed an understanding of how money evolved from a barter system, to plastic and now digital money. They learnt about types of income and expenses, and about needs and wants, to enable them to better manage money by adopting positive behaviours.
By adopting this programme as part of its curriculum, the PSBB School has created a valuable legacy, helping a generation to implement learnings to help themselves, their families and society at large. We’re grateful for the support and collaborative effort of the teachers and our Approved Learning Partner, ANSA.