Family and Financial Literacy

### Specific Objectives

• Practicing thrift:

• Definition: The careful and efficient use of resources, especially money.

• Developing habits of saving and spending wisely.

• Understanding the importance of budgeting and financial planning.

• Identifying needs versus wants.

• Use of technology for financial transactions:

• Definition: Utilizing digital tools to manage and conduct financial activities.

• Online banking and mobile payment systems.

• Security measures for online transactions.

• Understanding digital wallets and cryptocurrency.

• Family as a social unit for satisfying emotional and psychological needs:

• Definition: The role of the family in providing emotional support, fostering identity, and teaching values.

• Providing emotional support and care.

• Fostering a sense of belonging and identity.

• Teaching social skills and values.

• Evaluate different sources to determine a definition of the family:

• Definition: Analyzing various perspectives to understand the concept of family.

• Academic research and scholarly articles.

• Legal and governmental definitions.

• Cultural and societal perspectives.

### Evaluation Criteria

• Accuracy:

• Definition: The correctness and reliability of information.

• Information is correct and free from errors.

• Data is verifiable and reliable.

• Authority:

• Definition: The credibility and trustworthiness of a source.

• Source is credible and trustworthy.

• Author or organization has expertise in the subject matter.

• Currency:

• Definition: The timeliness and up-to-dateness of information.

• Information is up-to-date and current.

• Publication or revision date is recent.

• Objectivity:

• Definition: The impartiality and unbiased nature of information.

• Information is unbiased and impartial