bMoneywize is a financial education initiative designed to improve financial and digital literacy among young people and adults, respectively. The program utilises engaging, interactive tools and resources to teach essential financial skills and concepts. Here's a detailed overview of bMoneywize:

Overview of bMoneywize

Objective:

bMoneywize aims to empower individuals with the knowledge and skills necessary to make informed financial decisions. The program targets both young people and adults, providing them with the tools to manage their finances effectively, understand financial products, and plan for their financial futures. Older people learn digital skills through interactive workshops.

Key Components:

Educational Workshops:

· Conducted in schools, community centres, and other venues.

· Cover budgeting, saving, investing, credit management, and debt reduction topics.

· Interactive sessions that encourage participation and real-life application of financial concepts,

Board Games:

The bMoneywize board game is a central tool used to teach financial literacy.

· Players make financial decisions and face real-life scenarios, helping them learn through experience.

· The game covers various aspects of personal finance, including earning, spending, saving, and investing.

Digital Resources (https://www.udemy.com/course/teenager-money/?couponCode=SALESEP23) and

Educational books (https://www.lulu.com/spotlight/bmoneywize):

· Online modules and resources are accessible through the bMoneywize website.

· Videos, articles, and quizzes to reinforce learning and provide continuous education.

· Social media engagement to reach a broader audience and promote financial literacy.

Community Engagement:

Collaboration with schools, youth groups, and community organisations.

· Train-the-trainer programs to equip educators and community leaders with the tools to teach financial literacy.

· Events and campaigns to raise awareness about the importance of financial education.

· Evaluation and Feedback.

· Regular assessment of program effectiveness through feedback from participants and educators.

· Adaptation and improvement of materials based on user experiences and changing financial landscapes.

Some of the Skills and Knowledge Taught by bMoneywize

Budgeting:

· Creating and maintaining a personal budget.

· Understanding income and expenses.

· Prioritising spending and setting financial goals.

Saving and Investing:

· The importance of saving money regularly.

· Different types of savings accounts and investment products.

· The concept of compound interest and long-term financial planning.