becoming a MONEY NINJA!

LESSON 1
TEACHER'S NOTES

ladiesfinanceclub.com Ages 14 + 2023

 Activity Teacher guide Links

Activity: Relationship The intention of this exercise is to point out to students that we all
with money have different relationships with money based on our family and
home lives, our experience with the workforce, our friends, and our
exposure to financial information. For example, someone who grew
up in a family where talking about money was considered rude Activity
might feel uncomfortable discussing it in a group. In other families,
it might have been the case that only one gender looked after the
money, leading the student to perceive it as that gender's
responsibility to manage the finances.

Activity: The Quiz Point out to students that our personalities can affect our
relationship with money. It is important to be self-aware of our
relationship to money so that we can avoid falling into money traps
and develop a plan that aligns with both our goals and our
personality traits.

For this exercise, ask the students to write down the emoji (or
letter) they most associate with for each question. Then, have them
calculate which one is the most common and identify three actions
they can take to ensure their money personality doesn't dominate
their financial decisions. For example, if someone is a spender, they
could consider setting up automatic monthly savings or
implementing a 24-hour waiting period before making a purchase.
On the other hand, if someone is a money monk, they could create
a list of individuals who have made positive financial choices.

Activity: How is money The Ultimatum Game is an economic experiment involving two
created? players: a proposer (player 1) and a responder (player 2). The game
begins with the proposer receiving a sum of money. The proposer's
task is to propose a way to divide the money between themselves
and the responder.

The proposer can offer any split of the money they like. For
instance, they could propose an even 50-50 split, or they might
suggest keeping most of the money for themselves, offering only a
small amount to the responder.

Once the proposer makes their offer, the responder must decide
whether to accept or reject it. If the responder accepts the offer,
the money is divided according to the proposal, and both players
get their respective shares. However, if the responder rejects the
offer, neither player receives anything, and the game ends without
any money changing hands.

Topic: Inflation When discussing inflation, you may wish to look up some online
 tables of items that have gone up in price. You could also discuss
an example that the students have noticed within their lifetime
(Candy, McDonalds, can of Coke). Then, explain how inflation “the
cost of living’ is going up and what causes that including supply
and demand and how factors such as climate change, COVID, wars
can increase inflation.

Activity: Net worth Ask the students to work out the net worth of this person based on
the list of assets and liabilities – find out at the end if any of the
students thought the assets were liabilities or vice versa and
discuss.

The Answer is:

A house worth $500,000 (asset) with a mortgage remaining

of $450,000 (liability) = + $50,000 Activity
A car worth $30,000 (asset) with a car loan remaining of
$25,000 (liability) = +$5000
A credit card debt worth $5,000 (liability) = - $500
A loan from parents worth $1,000 (liability) = - $1000
A watch worth $500 (asset) = +$500
Cash in the bank of $1,500 (asset) = +$1500
A share portfolio worth $5,000 (asset) = +$500
An outstanding bill for the dentist worth (liability) = -$250.
= $55,750