Class 7

About

The Finance Learner Program for Class 7 students helps them in understanding basics of money, budget, day to day financial decision making. They are exposed to basics of how debit-credit works and how a transaction can be recorded via debit and credit entries. This helps students in developing basic transaction recording habits. Along with this, students learn basics of taxes , banks and digital payments. In this program, your kid will learn in a personalized live online classroom format with highly trained faculty via activity based learning methodology. This program focuses on experiential learning to enhance student’s journey towards a smart financial decision-maker that will help them in their everyday life.

Curriculum

Session 1 - Basics of Money & Currency 

• Understanding concept of money
• Understanding earning, spending, saving, giving, donating, profit and loss
• Indian currency, concept of foreign currencies, Fake Currencies, Understanding concept of cash and digital currency

Session 2 - Budgeting, Savings & Investments

• Understanding Needs & Wants, Planning monthly budgets, book keeping
• Understanding saving, risky and risk-free savings, savings options, Banks
• Introducing concept of risk, return and investments, Investment options & how to keep money safe

Session 3 - Day-to-Day Financial Decision-Making

• Understand regular financial situations
• Identifying how our decision in finance impact us
• Developing decision-making skills in finance
• Understanding financial discipline and developing healthy money habits

Session 4 - Understanding Loans

• Loans mechanism, types of loans, sources, repayment strategies

Session 5 - Debit & Credit

• Understanding Debit -Credit and Working on terminologies with classification

Session 6 – Book keeping

• Understanding importance for financial transaction recording & financial books

Session 7 - Cash Flow

• Understanding importance of cash and cash flo

Session 8 - Accounting & Frauds

• What is Accounting
• What are accounting frauds

Session 9 - Introduction to Taxes

• Need of taxes, types of taxes, ways to save taxes

Session 10 - Banks

• Understanding Banks
• Commercial and Central Bank

Session 11 - NBFCs

• Understanding different types of NBFCs
•  Role of NBFCs

Session 12 - Inflation & Government Budget

• Impact of Inflation & how government controls it
• What is government budget

Session 13 - Digital Payments

• Net-Banking, Mobile banking, mobile wallets, cards, UPI
• Understanding way to be safe in digital payments

Session 14 – Cryptocurrencies

• What are crypto currencies
• Why are they gaining prominence?

Session 15 - Financial Frauds

• Understanding common financial frauds
• Learning ways to be safe from financial frauds
• Developing good financial habit

Session 16 - Revision and What’s next

• Revision of all the concepts studied

Benefits

• Understands various finance concepts like budgeting, investments, taxes, banking etc.
• Learn in a live classroom format.
• Develop a sharp mind inclined towards making better financial decisions in life
• With assessments, quizzes and Q&A sessions kids will be able to develop a working knowledge of how financial concepts are applied in real life.
• Gain ability to practically apply the concepts learned in the program in real life
• Certificate on completion of the program