‘Personal financial Literacy’ is one of the topics covered in the eLimu extended learning content, as part of wider changes designed to boost computer literacy alongside reading, writing and maths skills for Kenyan students.
While literacy – the ability to read and write – is a fundamental part of the education system, financial literacy is often left out of the equation. You do not have to be a financial rock star with a perfect track record to teach your child personal finance basics and get the money conversation started.
Teaching your children about money helps them discover the relationships between earning, spending and saving. In doing this, children also begin to understand the value of money. This financial literacy can begin at a young age with simple money concepts such as counting coins and making change for purchases.
In this tutorial, we will introduce key financial concepts that are appropriate for young children, including tips for getting kids to think about and understand the topics.
eLimu tablets are currently being used by over 1,000 primary school students and we have started implementing our strategy to reach over 10,000 students in 2015 with our own customized, preloaded tablets. The way eLimu tablets were introduced followed an increasingly common pattern: first a limited pilot with teachers using the devices, then a trial with children, and finally the full rollout across different schools. Over time it has been interesting to see how the tablets are being used across the school’s curriculum, rather than being hived off into specific ICT lessons, they are being used to teach other lessons as well from all the 6 KCPE core subjects to extended learning content such as environmental conservation, civic and human rights, justice, peace and now personal financial literacy.