Foundations of Personal Finance
Join Praneel Rondla as you learn about Financial Literacy and how to effectively manage money. This is a free online course offered by SummitForYouth for children aged 9-13 and covers topics such as investing basics, managing finances, and tools to grow wealth.
Episode 1
In lesson one, Praneel introduces the concept of money and defines its function in society, introduces personal finance as a life skill, and explains the impact of financial decisions on long-term goals.
Episode 2
In lesson 2 Praneel explores different sources of income, describes the difference between gross and net income, connects education, skills, and training to income, and emphasizes how personal choices can impact a future career.
Episode 3
In the third lesson, Praneel describes the importance of budgets, how to create a simple budget, and the difference between fixed and variable expenses. This lesson will equip you with the skills to build a budget and to make educated financial decisions in your life.