Why Financial Education is needed

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

  • Over 60% of the world is financially illiterate
  • On average women are among the lowest demographics with financial literacy
  • Youth are one of the most vulnerable groups making them an important target for financial education programs
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Lack of financial education acts as a barrier to inclusion. When people lack knowledge of finance and financial products, they are less likely able to access banking and financial services, and are put at a disadvantage.

This is why FinMango was created. We wanted to build programs that were innovative, fun, and accessible to everyone. If we can give people the tools to understand the world around them, they can take advantage of the goods and services around them to build their own future! 

Elementary & Middle School Education (Ages 8-14)

According to UNICEF, early childhood development has a profound impact on a child's future. When given the right environment, children can develop the skills needed to embrace opportunity and bounce back from adversity. FinMango agrees. We focus on providing a positive environment while teaching. Our symbol of the mango is a perfect example. We want students to learn to take what they have and grow it into something beautiful and sustainable, just like growing a mango tree! 

At the end of our children's program, students will at least learn: What money is, The difference between wants and needs, The importance of making and saving money, The basics of investments and its compounding effect, Spending responsibly and watchfully, And 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.

High School, University & Adult Education (Ages 15-90)

Our High School educational programs are lead by the local legend and Executive Board Mango Bob Gillingham. In the lessons, we try to depict to students the basics of financial literacy and how a little knowledge about the relationship between time and money is paramount in establishing long-term personal finance soundness. The classes are typically a break in the routine for high school students, and who doesn’t care about money?  We leverage those engagement advantages to reach a wide range of students.

According to Mango Bob: "It always surprises me that it’s not always the A+ students that seem to get the most out of [the] classes.  I enjoy being a spark that can ignite their interest in the financial world.  Nearly every week a former student shares their gratitude or success story with me.  It is one way I try to give back to those communities who have supported my business for so many years."

International Programs

FinLit Nepal and FinMango's solution to mitigate the 67% of the world that suffers from financial illiteracy is by empowering them through innovative and creative financial literacy education, materials, and support; combined we have already reached nearly 150,000 people. Our organization is built on our values of sustainability, fun, simplicity, and creativity. We begin with custom made interactive activities and lesson plans to ensure we are listening, building, and adapting the curriculum to fit the needs of our partners. While teaching students we showcase our fun and simple approach to education that focuses on the basics such as the relationship between time and money. Focusing on building foundational financial skills is paramount to establishing long-term financial well-being.

Program Overview

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Make it, save it, plant it, spend it (a little bit), and donate it is just the beginning. Long-term, it is an important step to our pyramid of education:

Life Skills:

  • Personal Finance Skills:

    • When it comes to financial literacy, it's important to start early and begin in the classroom. Like reading and math, financial literacy is a life skill students will encounter every day. Practicing with your child at home can help instill these lessons, through allowances, playing games like fake stores, or having conversations with you child at home. 

  • Basic Business Skills:

    • Our first step in the money cycle focuses on making money. Part of this is encouraging entrepreneurialism in our students and a basic understanding of the world around them. We introduce introductory lessons in marketing, communication, and sales. These will emphasize these five basic skills:

      • Communication Skills
      • Planning Skills
      • Customer Satisfaction Skills
      • Planning Skills
      • Marketing/Selling Skills
  • Empowerment:
    • Students are given the tools to build their own futures! Financial literacy makes it easier for students to make, save and grow their money. In the future they will have the ability to keep themselves financially secure and not only lift themselves, but those around them financially to make a big economic difference!

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

Measuring Results

  • Having measured results is important to us; as a result, we create a statistical analysis report for every program that analyzes pre-program and post-program surveys, pre-lesson and post-lesson surveys, and observational staff evaluations. 
    • Our most recent program survey results for middle school students illustrated that nearly 100% of the students were able to 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 the basics of economics, learn that spending responsibly and watchfully is perfectly alright, and 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 TImeline

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

Sample Lesson

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Lesson: Money Cycle