This volume is an early introduction to young readers in the age of 5 to 7, about the simple definition of money and how people earn it. The content explains how money is used to buy goods and services. It also simplifies the concept between ‘needs’ and ‘wants’ that relates to money and the differences.This volume will also introduce the basic elements about spending and saving money.
This volume will be the sequel to Volume 1 of financial literacy for children age 8 to 12. It also introduces the basic concepts of saving, spending and sharing money.
This book also touches on some very basic terms in accounting. It also introduces the function of financial institutions such as banking system and elements related to them.
This volume will discuss further on the financial matter how to manage it for teens age 13 to 17. In turn, they will comprehend basic economics; such as supply and demand and entrepreneurship. Thus, nurturing the entrepreneurship fundamental elements could help children to internalize enterprising skills.
This book is expected to increase the awareness of youths about the importance of financial management in their early career life. It is suitable reading for all youth regardless religion for comparison the similarities and differences in Islamic financial way. However, what is more important the content includes holistic elements in financial plan such as understand the financial statements, understand risks, investment, income tax and zakat and also touches on investment fraud.
Financially related matter is not only meant for financial people, financial experts or those in the industry; it also contains important instruments for non-financial background young people to practically implement and be mindful of their money.
A LIITTLE STEP TO HEAVEN AND EARTH:
The book is a simple handbook to apply the fundamental knowledge in personal financial plans that introduce core methodology in managing personal finances. The unique approach of this personal financial plan is based on Islamic fundamental in which most elements are suitable not only for Muslims but also non-Muslims.
It has lesser technical approach with more illustrations and graphics for easy understanding to the non-financial professions and other readers with or without financial know-how. The content covers overall sub-topics in financial plan as follows:
In addition, the content is less technical for the Non- Financial readers to understand. Readers can design and assemble their own basic financial portfolio adapting relevant elements from the basic guidelines given. It shows practical ways to determine everyone’s own simple financial portfolio for short and long-term gains.
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