Understanding money is important for every child, especially in a world where the expectations often exceed what is taught from an early age. Why do we not think of preparing students for a life of true independence based on financial literacy?
The world seems to focus more on academics and somehow, teaching the young learners the importance of saving, spending and financial planning has never been given importance before. At Premia, we have always laid great stress on a strong foundation of financial literacy from an early age, to empower them to make informed decisions, develop healthy, intelligent money habits and by extension navigate adulthood easier.
What is Financial Literacy?
Financial literacy refers to the ability to understand and manage money effectively. For young learners, basic financial literacy includes:
- Understanding how money is earned
- Learning the importance of saving and budgeting
- Differentiating between needs and wants
- Gaining awareness of spending, borrowing, and interest
Studies have shown that when introduced early, these concepts help build a foundation for responsible financial habits for a lifetime.
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Why is Financial Literacy essential for students
- Builds lifelong money habits
- Prepares students for a digital economy
- Encourages independence and confidence
- Helps prevent future financial mistakes
Read More: How a Global Curriculum Prepares Children For The Future
Key elements of effective Financial Literacy programs
When financial literacy programmes for students focus on practical, age-appropriate skills instead of complex theories, students learn:
- Budgeting and expense tracking
- Saving for short- and long-term goals
- Smart spending and value-based decisions
- Basics of banking and digital payments
- Introduction to investing and compound interest
- Ethical and responsible financial behaviour
These help them deal with real-life financial situations. With the future-ready confidence that we work so hard to prepare them for.
Financial education as a core life skill
Beyond numbers. Critical thinking strengthened. Decision-making skills sharpened. That is what integrating financial literacy into the regular curriculum can do to:
- Plan and prioritise effectively
- Evaluate risks and rewards
- Make informed academic and career choices
Premia Academy has always focused on integrating financial literacy into the curriculum
For us at the Premia Academy, prioritising financial literacy was always non-negotiable. Entrenched deep into the academic curriculum, it is designed to be age-appropriate through:
- Classroom discussions and real-life examples
- Activity-based learning and simulations
- Interdisciplinary connections with mathematics and social sciences
- Practical projects that encourage responsible decision-making
The idea for us has always been about making financial education relevant, experiential and designed to ensure application in the real world.
Read More: A Day at The Premia Academy: Smart Classrooms to Arts Labs
It is our responsibility to prepare students for a financially responsible future
Financial awareness can no longer be something our future generations can stumble onto later in life. Not in a world that is unforgiving and always evolving. Financial literacy as part of the regular academic programme enables students to adapt, plan and thrive in unforeseen economic environments they will grow into as adults.
By prioritising financial education, schools can equip students with:
- Confidence in managing money
- The ability to make responsible financial choices
- Skills that support long-term stability and independence
We offer strong financial literacy programmes that help prepare young learners for life.
