Why Financial Education is needed

The Standard & Poor's Global Financial Literacy Survey found:

  • Low levels of financial literacy around the world
  • Numeracy and inflation are the most understood concepts
  • Risk diversification is the least understood concept
  • Women’s financial literacy levels are lower than men’s
  • The young are a vulnerable group and an important target for financial education programs

Lack of financial education acts as a barrier to financial inclusion. Due to a lack of knowledge regarding finance and financial products, many people are unable to access banking and financial services, and are therefore put at a disadvantage.

This is why FinMango exists, we understand that teaching people to be financially savvy is a gift – one that will keep on giving throughout their lives. As a result, we custom make our lessons from scratch for our partners.

Early Childhood Education

According to UNICEF, early childhood development has a profound impact on a child's future. It's the foundation of a full and productive life for a child. In fact, when given the right environment, children develop the skills needed to embrace opportunity and bounce back from adversity. Recognizing this importance, FinMango focuses on providing a positive environment while teaching financial literacy. We use the sustainability, beauty, and popularity of mangos as a symbol of our exciting, non-traditional, fun and positive methods of teaching. At the end of a kid-centric FinMango program, students are able to (at a minimum):

  • Identify what money is

  • Understand the difference between wants and needs

  • Learn the importance of making and saving money

  • Learn the basics of investments and its compounding effect

  • Learn that spending responsibly and watchfully is perfectly alright

  • Learn that being generous with our money (that we save and grow) helps us connect to the people around us and let them know we care.

Program Overview

Make it, save it, plant it, spend it (a little bit), and donate it. Our educational programs follow our money cycle model. Each “stage” offers a detailed approach to the different parts of the money cycle and how it can be applied to their daily lives. The model reflects the TRIANGLE to our service:

Life Skills:

  • Personal Finance Skills:

    • When it comes to financial literacy, it's important to start early and in schools. Like reading and math, financial education must become part of the core curriculum in our schools. Likewise, parents should engage in regular,  constructive conversations about money matters. Teaching our kids to be financially savvy is a gift – one that will keep on giving throughout their lives.

  • Basic Business Skills:

    • In addition to knowing personal finance skills and being able to run a balanced account in watching and growing your money, we also understand the importance of having some business savvy skills. Our program emphasize introductory lessons in marketing, sales, and general people skills. We focus on five basic core skills

      • Communication Skills
      • Planning Skills
      • Customer Satisfaction Skills
      • Planning Skills
      • Imagination Skills
  • Empowerment:
    • Financial literacy and business savvy  individuals save, invest, spend, plan, and donate. They develop a better well-being and become more resilient to financial challenges. We're planting seeds in our youth; seeds that absorb, adapt, and transform from financial challenges. We hope to create a better and more financially solvent future.

Classroom Set-up

Our classroom set-up varies in accordance to our partners need and culture. Our typical setup is as follows:

  • Self reflection and discussion

    • Ask simple questions to get people to think closely about the lessons and what they want out of them.

  • Lesson

    • Tentatively go through the lessons.

  • Practice

    • Inside and outside of the classroom activities that resembles a practice they can do in their daily life to keep track of their savings/plans.
      • Example: Budget assignment

Program TImeline

Our lesson schedule is tentative and can range from solo 40 minutes sessions to long-term 8-moth programs. Please contact us to learn more about our programs.

Sample Lesson