REAL and Financial Literacy
Financial education is a major component of the REAL Entrepreneurship curriculum. As students move through a REAL Entrepreneurship course in K-8, high school, and post-secondary classrooms, and in after-school programs, summer camps, youth clubs, and community-based organizations, they learn the importance of building assets, setting goals and how to reach them, overcoming financial obstacles, how to communicate about money, the importance of good credit and how to keep it, and financial institutions and what they can offer.
REAL Entrepreneurship teaches financial education through activities that focus on the development of personal budgets, which helps students understand personal money management concepts, procedures and strategies. REAL Entrepreneurship activities also teach critical financial management skills, which prepare students to predict and describe the start-up costs, on-going operational costs, and revenues of the proposed business. Specifically, students have hands-on experience with ascertaining the capital needed to implement a business, developing a cash flow statement, and determining ways of obtaining financing.
