Learning our finances

When the day was due for everyone to receive their savings or contribution was always a anticipated. It's is popularly known as susu which basically means savings. In the local dialect in Tamale it is 'Tohabu'. That's how we called it in the basic school level. We would decide on how much money to contribute each day or maybe some specific days in a week all depended on how comfortable we were with the amount of money. We often saved 10 pesewas or more but nothing more than 50 pesewas and this was usually done a couple weeks before vacation day . Because we all want to come with our favourite snacks on vacation or buy that one thing we wanted most. We elect a person who would keep the money usually some one we all trust.This is the closest thing to financial literacy I can remember at that early level. This has helped me when it comes to saving. In my basic school years there's was nothing like financial literacy in our curriculum. The only money related thing I could remember was in maths class when we did calculations in currency.

Financial literacy basically means having the ability to understand manage and effectively use ones finances . In our current world this is something we have to know or learn gradually. The only problem is how well we attain that knowledge or make effective use of it. I never learnt about finances in the classroom nor have I taken a course at the university nor did I take any online course. But I've come to realise this is something we conciuously or unconsciously learn everyday. A typical Example in shs we are given chop money and we have to manage it and also buy stuffs of priority before our wants. In uni when we are given money before the semester to prepare. We plan and budget how to spend it. this is some form of learning how to manage our finances. Even these we find students and teenagers investing is assets, crypto or etc this aren't things they were taught in the classroom but learnt it out there .

Imagine teaching a child in the basic school level about finances. The child has no money he's entirely his parents responsibility . Plus the kid might just see it as another subject to pass. Maybe at the shs or jhs stage it is understandable. I believe as we grow old we realize the need for financial literacy and we learn it and encounter it in many different ways. Everybody wants to rich financially stable or successful so we tend to seek knowledge about managing our finances we invest, we save, we budget and we managed our expenditure , so the basics of finance are learnt . Well this doesn't always happen as all the fingers on the hand are equal implying not everyone is the same

I wouldn't say it isn't necessary to teach financial literacy in schools. But it is something we learn if we seek financial freedom.The basics are important and you can learn better at a latter age if u will because there are countless source of information out there on the net .I'm not saying there's no need to teach it to kids but it is isn't very necessary at that stage.