P1 / P2 Financial Literacy Lesson Package Summary

1. Lesson Package Summary
1. Earn, Save, Spend and Donate
2. Needs VS Wants

2. Key Concepts of Financial Literacy
Lesson 1: What can we do with our money?

3. Key Concepts of Financial Literacy
• Earn
• Money does not come easy. We need to earn them by
working.
• Save
• Always save part of your money for future spending or
rainy days.
• Spend
• Spend your money wisely. Think of the different
choices and what can happen if you choose each of
them. Make a responsible decision.
• Donate
• We can help the less fortunate by
donating to the charity.

4. Key Concepts of Financial Literacy
Lesson 2: Needs VS Wants
• Needs are the basic things that we
must have to survive.
• E.g: Food, Water, Clothes and Shelter

5. Key Concepts of Financial Literacy
Lesson 2: Needs VS Wants
• Wants are things that we like to have
but we don’t need them to survive.
• E.g: Ice-cream, Branded school bag,
Candies, Soft drinks, Computer games

6. Key Concepts of Financial Literacy
Enrichment: SMART Budgeting
• A budget is a saving and spending plan.
• With a budget, you will put your money
into Savings first before you spend.
• You will know how much you spend every
day and you can keep track of your
money.
• A budget is important because
it prevents you from overspending
and allows you to prioritise.

7. The End 
Hope you have learnt more about the key
concepts of Financial Literacy.
Remember to practise good saving habits
and spend your money wisely!