Financial Literacy Program
Financial literacy education equips individuals, particularly women, with essential skills and confidence to manage their finances, foresee future needs, and access credit for starting small businesses. Yet, global data, including insights from the S&P Global Financial Literacy Survey, indicate that financial literacy levels remain low worldwide. Notably, African women exhibit lower financial literacy rates compared to men, making them and the younger demographic key targets for educational efforts. Regrettably, financial literacy rarely features prominently in school curriculums, highlighting a significant educational gap that needs urgent addressing.
Program Focus
Bitfiasi Initiative’s Financial Literacy Program is designed to enhance financial literacy and empower women to effectively manage and grow their finances. The program centers on fundamental money management principles, encouraging participants to: Earn more, save diligently, invest wisely, spend prudently, borrow responsibly, and give generously.
Program Modules
Our Financial Literacy Program offers a range of modules covering various aspects of personal finance, including an introduction to Bitcoin. Each module is carefully tailored to address the specific needs of our audience
- Learn about scarcity, opportunity cost, and making informed financial decisions.
- Understand the PACED decision-making model to evaluate alternatives and make sound choices.
- Explore different income sources, including wages, rent, and interest.
- Learn about the importance of education and skills in increasing earning potential.
- Understand various types of taxes and their impact on income.
- Learn how to create and manage a budget, making trade-offs to allocate limited resources effectively.
- Evaluate spending decisions based on features, prices, and personal preferences.
- Set and achieve financial goals through systematic planning and saving.
- Understand the importance of saving and the impact of interest rates and inflation.
- Learn how compound interest works and how it can grow savings over time.
- Explore different investment options and strategies to achieve financial growth.
- Learn about different types of credit, credit scores, and managing credit responsibly.
- Evaluate the costs and benefits of using credit, including interest rates and credit terms.
- Strategies to avoid excessive debt and manage credit healthily.
- Understand the importance of insurance and risk management in protecting assets.
- Explore different types of insurance, including health, life, and property insurance.
- Learn how to protect personal information and prevent identity theft.
- Gain a foundational understanding of Bitcoin and blockchain technology.
- Learn how to set up, secure, and manage Bitcoin wallets.
- Understand how to conduct Bitcoin transactions safely and effectively.
- Discuss & address the unique financial challenges faced by women and provide strategies to overcome them.
- Introduce financial tools and resources specifically designed to support women’s financial growth.
- Encourage women to build supportive financial networks within their communities.
- Share success stories and case studies of women who have achieved financial independence.
- Engage in practical exercises that simulate real-life financial decisions and challenges.