– Arti Mishra, Faculty (Commerce), Ecole Globale International Girls’ School 

In a ground breaking move, Ecole Globale International Girls School has introduced banking and insurance as skill subjects for ninth and tenth-grade students, sparking a positive transformation in the financial literacy landscape. This curriculum innovation aims to equip students with practical knowledge and skills crucial for navigating the complex world of finance.

The inclusion of banking and insurance education at the secondary level is a strategic response to the growing importance of financial literacy in today’s society. Recognising that a solid understanding of banking and insurance principles is essential for making informed financial decisions, Ecole has taken a proactive step in preparing its students for the challenges and opportunities that lie ahead.

By integrating these subjects into the curriculum, the school has created a dynamic learning environment that goes beyond theoretical concepts. Students now engage in hands-on activities, case studies, and simulations that mimic real-world financial scenarios. This practical approach not only deepens their understanding of banking and insurance but also fosters critical thinking and problem-solving skills.

One of the key benefits of this initiative is the enhancement of students’ general financial literacy. The early exposure to concepts like budgeting, saving, and investing empowers them to make sound financial decisions, laying a strong foundation for their future financial well-being. The knowledge gained in these classes is not confined to textbooks but extends into the realm of personal finance, ensuring that students are well-equipped to manage their finances responsibly.

Moreover, the inclusion of banking and insurance education has sparked a keen interest among students in the world of finance and economics. This newfound curiosity extends beyond the classroom, with students actively seeking additional resources and participating in extracurricular activities related to finance. Ecole’s forward-thinking approach has ignited a passion for financial education, creating a ripple effect that transcends the school’s walls.

The impact of this initiative goes beyond the students themselves, influencing parents and the wider community. As students become ambassadors of financial literacy, they share their knowledge with family members and friends, fostering a culture of financial awareness. The school’s commitment to empowering its students with practical life skills is evident in the positive changes observed in the community at large.

In conclusion, the school’s decision to introduce banking and insurance as skill subjects for ninth and tenth-grade students has proven to be a transformative step towards enhancing general financial literacy. By providing a holistic education that combines theoretical knowledge with practical application, the school is shaping the future financiers of tomorrow, empowering them to navigate the complexities of the financial world with confidence and competence.

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Teaching children financial literacy for a lifetime of financial wellbeing