ELI5: Explain Like I'm 5

Financial literacy curriculum

Okay, imagine you have some cookies and you want to buy some toys. But you can’t just use the cookies to pay for the toys. You have to use money.

Money is what grown-ups use to buy things they need or want. And since you’re going to be a grown-up one day, it’s important to know how money works.

That’s where financial literacy comes in. It’s like a special lesson that teaches you all about money and how to use it wisely.

It’s kinda like how your teacher teaches you about reading or arithmetic. Financial literacy teaches you important money skills, like how to save your money, how to make a budget (that’s like a plan for how to use your money), and how to use a bank account.

It also teaches you about things like loans (that’s when you borrow money and have to pay it back later) and credit (that’s like a special kind of loan you can use to buy things, but you have to be really careful!).

Learning financial literacy means when you grow up you’ll know how to use your money in a smart way, and you’ll be able to make good decisions about what to buy and how to save your money for the future.