Module 2: Teaching the 10 Core Financial Literacy Topics in Schools

Table of Contents

1. Introduction
2. Overview of the 10 Core Financial Literacy Topics
3. Simplifying Each Topic for School Audiences
4. Teaching Techniques for Maximum Engagement
5. Sample Lesson Plans
6. Using Stories, Games, and Activities
7. Adapting Content for Age Groups
8. Tools and Resources for Changemakers
9. Summary and Key Takeaways
10. Reflective Questions
11. Assignment

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1. Introduction

As a KAFI Changemaker, your primary assignment is to deliver financial education in a relatable, fun, and transformative way. This module introduces the 10 core topics you are expected to teach in every school club. You’ll also learn how to simplify, structure, and present these topics with confidence and creativity.

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2. Overview of the 10 Core Financial Literacy Topics

The following are the foundational topics KAFI Africa has identified as essential for school-age learners:

1. Money and its Uses
2. Earning Money
3. Saving Money
4. Needs vs Wants
5. Budgeting Basics
6. Spending Wisely
7. Banking and Mobile Money
8. Giving and Helping Others
9. Profit, Loss, and Small Business
10. Planning for the Future

These topics are relevant for both primary and secondary school students and serve as stepping stones toward financial empowerment.

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3. Simplifying Each Topic for School Audiences

1. Money and its Uses

• Explain: What money is, its forms (cash, coins, digital), and functions (medium of exchange, store of value).
• Activity: "Money Hunt"  show students different currency notes and coins and their values.
• Key Phrase: "Money is a tool, not a toy."

2. Earning Money

• Explain: Ways people make money are through jobs, side hustles, talents.
• Story: A young girl who sells handmade cards to earn money.
• Key Point: "Earning is the beginning of wealth."

3. Saving Money

• Explain: Why we save (future needs, emergencies).
• Activity: Create personal piggy banks or savings boxes.
• Quote: "Don’t spend all, save small."

4. Needs vs Wants

• Explain: What we need to survive vs what we desire.
• Game: “Need or Want?” sorting game with items.
• Message: “Learn to say no to what you don’t need.”

5. Budgeting Basics

• Explain: What a budget is, how to plan income and expenses.
• Exercise: Help students create a weekly lunch budget.
• Tool: KAFI Kid Budget Sheet.

6. Spending Wisely

• Explain: Making choices, price comparison, avoiding impulse buying.
• Role Play: “Shop Smart” simulate shopping with fake money.
• Reminder: “Buy what adds value, not just what looks nice.”

7. Banking and Mobile Money

• Explain: Saving in banks, opening accounts, digital wallets.
• Showcase: Bring in a banker or use photos/videos.
• Lesson: “Money is safer in a bank than under a bed.”

8. Giving and Helping Others

• Explain: Financial kindness through donating, sharing, helping family.
• Discussion: “What can you give that doesn’t cost money?”
• Lesson: “Giving is part of wealth.”

9. Profit, Loss, and Small Business

• Explain: How buying and selling works, pricing, cost vs revenue.
• Project: Start a mock mini business in school (selling cards, snacks, crafts).
• Goal: Help students understand entrepreneurship.

10. Planning for the Future

• Explain: Setting goals, saving for education, delayed gratification.
• Activity: Vision board or dream chart.
• Message: “Money grows when you plan.”

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4. Teaching Techniques for Maximum Engagement

KAFI Changemakers are trained to:

• Use simple language (avoid jargon).
• Start each lesson with a story or real-life example.
• Ask open-ended questions.
• Allow students to share their money experiences.
• Include group work, songs, chants, and role-play.
• Use culturally relevant illustrations and analogies.

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5. Sample Lesson Plans

Lesson 1: Needs vs Wants (30-45 mins)

• Objective: Students will understand the difference between needs and wants.
• Materials: Picture cards of items (bread, phone, shoes, ice cream).
• Warm-up: Ask “What did you spend money on this week?”
• Main Activity: Group sorting challenge, categorize items into “Need” or “Want.”
• Reflection: “How can you spend smarter this week?”
• Homework: Interview your parent about what they think are family needs vs wants.

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6. Using Stories, Games, and Activities

• Money Math Game: Use naira notes to solve word problems.
• Story Circle: Tell stories like Ayo Learns to Save or Kojo’s Budget Problem.
• Smart Spender Challenge: Give groups a mock budget and list of items. See how wisely they spend.
• Savings Race: Simulate how fast savings grow with discipline.

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7. Adapting Content for Age Groups

Ages 6–9 (Lower Primary)

• Use rhymes, songs, and pictures
• Focus on concepts like “Money is not for wasting”
• Lots of repetition and short sessions

Ages 10–13 (Upper Primary & JSS)

• Use real-life tasks (track spending for a week)
• Introduce budgeting and saving jars
• Encourage mini class projects

Ages 14–17 (Senior Secondary)

• Include business simulations and case studies
• Introduce digital banking concepts
• Discuss side hustles and financial planning for adulthood

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8. Tools and Resources for Changemakers

• KAFI Africa Topic Guide
• KAFI Club Attendance Sheet
• Lesson Tracker and Feedback Sheet
• Financial Literacy Games (printables)
• Canva/Google Slides for digital storytelling
• Access to KAFI stories, animations, and workbooks

If you need access to these, request from the KAFI Team or download from the Changemaker Portal.

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9. Summary and Key Takeaways

• Every KAFI Changemaker must teach all 10 core financial literacy topics.
• The topics must be adapted to the age and environment of each school.
• Use fun, relatable, story-based teaching.
• Engagement is more important than perfection.
• Consistent lessons create lasting transformation.
• Use the tools and lesson templates provided.

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10. Reflective Questions

1. Which topic are you most excited to teach, and why?
2. What topic might students struggle with the most? How will you simplify it?
3. What tools (videos, skits, guest speakers) can you use in your club?
4. How will you know if your students truly understand the lesson?

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11. Assignment

Title: “Planning My First KAFI Club Session”

• Select one topic from the 10 core modules
• In 300 words, kindly explain to a 10 years old student your choosen topic. Let's rate how you will engage your students