Youth Livelihoods: Financial Literacy

From the Peace Corps Information Collection and Exchange, this manual is for volunteers and their partners to help young people aged 16-30 years old become effective savers, planners, and managers of their money. It is part of a series that includes a manual on a manual on employability [PDF] and another on entrepreneurship. It includes details on the focus audience and training environment, including adaptation and language expectations and how to manage the materials for non-English speakers in the training sessions. Topics include basic money management, personal money management, financial services, and earning money. There are 36 hours of classroom-based learning, including three optional review sessions and an optional three-hour summary game. Assessment methods are included in each session as part of highly interactive facilitator-led training. It includes sample materials and a role play game for teams called "Things Happen!" Motivational lessons are designed to appeal to adolescents and include: imagining an ideal future, an ideal job, and a job in the community; practicing for interviews and dressing for interviews; job shadowing; and managing oneself at work.

Table of Contents:

• Introduction
  • Session #1: Introduction: Getting Ready
• Unit 1: Basic Money Management
  • Session #2: Let’s Talk about Money! Functions of Money
  • Session #3: Sources of Income
  • Session #4: Time Value of Money: Time Is Money
  • Session #5: Spending: What Do I Need? What Do I Want?
  • Session #6: Assessment 1: Tell Me What You Know! (Optional)
• Unit 2: Personal Money Management
  • Session #7: Setting Financial Goals
  • Session #8: Developing a Personal Budget
  • Session #9: Savings: Pay Yourself!
  • Session #10: Wise Use of Loans - It Is Not My Money!
  • Session #11: Record It! Keeping Financial Records
  • Session #12: Things Happen! Dealing With Life Cycle Events
  • Session #13: Assessment 2: Tell Me What You Know! (Optional)
• Unit 3: Financial Services
• Session #14: Let’s Meet Financial Institutions!
• Session #15: Where to Save-My Bed or the Bank?
• Session #16: Where to Borrow?
• Session #17: Financial Negotiations
• Session #18: How to Use Money Effectively (Optional Summary/Review Session)
• Session #19: Assessment 3: Tell Me What You Know! (Optional)
• Session #20: The Money Management Game