“Teaching kids to count is fine but teaching them what counts is best.”

If you look around, parents and teachers focus a lot on teaching mathematics — they send kids to Vedic Maths and Abacus classes to enable them to have numbers at their fingertips from a young age.

Parents also enrol their kids in drama, dance, singing, karate and other classes. But how many of us actually remember that when our kids enter the real world, the first thing they will confront is money?

Amidst all the classes, we forget an important life skill — financial literacy. Many of us probably pay our children pocket money but we don’t realise that this is not teaching them about the value of money or how to manage it. They need to understand the power of money and the consequences of their decisions. It’s far better that they commit mistakes at a young age with smaller amounts than commit financial blunders when they grow up. They will thus experience handling their own money and making decisions around it.

Money lessons at DCM Presidency School

 Taking a Proactive approach, DCM Presidency School followed the vision of incorporating Financial Literacy a core life skill in the school curriculum and moulding out students who are financially literate. Efforts are made to engulf students ranging from grade 6 to grade 10 in Financial Literacy in association with National Centre for Financial Education.

 The key learning points are:

Having healthy values about money
Setting goals and priorities
Thinking and making prudent choices
Understanding the virtues of hard work.

Furthermore, DCM Presidency has been certified as Money Smart School by National Centre for Financial Education.