EFC's financial literacy courses in September were a great success. The children learned about values such as housing and friendship and things money can't buy. At the same time, we experienced our first entrepreneurial successes and disappointments. The children played at being entrepreneurs, experienced supply and demand or real sales. We all got a lot of inspiration, you can judge for yourself 😉
Right at the beginning of the school year, we gave the children toy euro banknotes, which they enjoyed so much that it was hard to get them back to their desks 🙂 We had a nice look at them all and counted them. We agreed that in the next lesson each child would be an entrepreneur with their own product or service, which they would present nicely and the others would be able to buy something from them. They will pay in the process with the play money they were given. The following week we had a trio of Pizza Masters who wanted to do business together. Besides pizza, the youngest boy wanted to sell wine 🙂 His sister, on the other hand, presented her tattoo studio, which consisted of one black marker. We also had a mini stationery shop and a mini candy shop with headache candies.
The children had to say what they do, what they sell and why their product or service is the best. Although the children had a lot of fun, some were disappointed. For example, in the tattoo studio there was no interest in colouring their hands with a black marker. A boy among a trio of friends didn't sell a single "invisible cuvée" wine because his colleagues wanted to sell pineapple pizza. The 8 year old lady pharmacist enjoyed how easily she sold headache candy (mentos :) again. On Monday the children went home to their parents with different feelings and inspirations. Not even two days had passed and I met these children in the school hallway. Stella from the tattoo studio had a cool idea! From her school bag she pulled out real kids tattoos that she had gotten so that both boys and girls would like them. Little Stella understood what the demand was and what she had to do to make her tattoo studio thrive. Her brother Markus, who wanted to sell wine, also stood his ground and will continue to sell wine, but he found out that 'The boys (8 and 9 years old) can't agree on pizza or wine, so I'll sell wine myself'. I don't want to spoil the camaraderie. These 7 and 9 year olds have proven by their thinking that financial literacy is already impacting their lives, even though they are so tiny.