When paying at the checkout, during discussions over the family budget at home or when spending their pocket money, children are soon confronted with money matters. When young people’s first salary payment arrives in their bank account, they have to start making their own financial decisions in earnest. Money is a fundamental issue that everyone has to deal with throughout their lives. However, as nobody is born with an understanding of financial matters, tools are needed to ensure people learn as much about money as possible and how to manage it.
Financial skills – well prepared for financial life thanks to Moneyfit
Managing your money well makes life easier. That’s why it’s vitally important that children and young people learn to manage their money responsibly at an early age. PostFinance is committed to achieving this through MoneyFit. The multimedia learning solution for schools promotes financial skills.
Financial lessons instead of financial debts
This is why PostFinance launched the MoneyFit initiative in 2001 as part of a long-term commitment to promoting the financial skills of children and young people. MoneyFit is a multimedia learning solution for school pupils in grades 3 to 6 (stage 2), grades 7 to 9 (stage 3) and secondary level II which teaches young people to manage their money independently and wisely and to successfully negotiate our consumer society. MoneyFit is also a school for life: people who understand money, can work out a budget and have their spending under control will breeze through everyday life and will hopefully remain debt-free for life.
A school trip to improve financial skills
What’s extraordinary about MoneyFit is that children and young people learn through their experiences, on the basis of everyday life and with the help of interactive media. In stage 2, for instance, the class is given the opportunity to plan and set a budget for a class project – a school trip, for example – in an online simulation game. With a bit of luck and some brain work, they can also win 500 francs for their own school project. In stage 3 there is an online talent game where resources – such as time, money and energy – have to be used in a targeted way and there’s an online quiz as a knowledge test in secondary level II. To introduce the pupils to the topics at the right level, the teaching staff provide appropriate learning resources free of charge.
These are the topics for the various school levels
Grade 3 to 6
From swapping, to money, to earning your first wages, planning your spending and meeting needs and wishes.
Grade 7 to 9
Dealing with a shortage of money, work and pay, payment transactions, your own entrepreneurial activities, debts and investment, saving.
Secondary level II
Budgeting, salary statements and insurance premiums, debts and saving, online shopping and payment methods.
Financial parenting tips
In addition to these school courses, PostFinance also provides valuable advice and input for parents as part of its commitment to improving the financial skills of children and young people. On the “Money in simple terms” knowledge platform, mothers and fathers can find out in a wide-ranging set of articles, for example, how much pocket money is recommended for particular ages or how other parents solve the issue of pocket money.