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  • My Finance Coach

    Get yourself financially fit!

    Your World, Your Money.

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      Your World, Your Money.

      What are teenagers' dreams and how do they manage their money?

     

    About us

    ueber uns2

    Sparking interest, imparting knowledge and boosting skills.

    More information

    Downloads

    Download information materials in PDF format here.

    1. Informational brochure

    Benefits for your class

    vorteileneu2

    What benefits does My Finance Coach offer teachers and pupils?

    You can find out more here.

    Teaching material

    Unterrichtsmaterialneu

    Find the right teaching materials for your class here!

    Click here for teaching materials

    News

    Launch Indonesia4

    On 2 May – National Education Day in Indonesia – the Finance Coaches in Jakarta were given a very warm welcome by pupils when they kicked off the project and joined classes to teach financial literacy.

    Click here for more information.

    Sustainability

    nachhaltigkeit02

    To ensure the world can support future generations, all our ideas and activities must be sustainable. That is why the United Nations launched the UN Decade of “Education for Sustainable Development” (2005 – 2014).

    Click here for more information!

    About us

    Sparking interest, imparting knowledge and boosting skills.

    ueber uns

    My Finance Coach is a non-profit initiative run by partner companies Allianz, Grey and McKinsey to help improve the financial literacy of young people. In a world that is becoming ever more closely interlinked, it is increasingly important to understand how business and finance work. That is where the My Finance Coach foundation comes in.

    “Financial literacy is an important part of a well-rounded core education. Through My Finance Coach, we want to encourage children and young people to engage with finance and business-related issues.” Managing  Director Christian Keller.

    Who is My Finance Coach aimed at?
    My Finance Coach is aimed at pupils in Years 7 – 9 (German education system). It uses interactive, practical examples and exercises to help children and young people learn about business and finances in a way that is relevant to their everyday lives. And with financial principles playing a role in ever more areas of life, instruction in financial literacy is all the more important as an effective means of preparing young people for the realities of life. At the end of the day, a better basic understanding of economics benefits everyone – the individual, society and our political and economic community. The My Finance Coach programme includes both in-school and extracurricular formats and teacher training components. What's more, the programme is continuously being expanded in all areas.

    What is the My Finance Coach philosophy?
    My Finance Coach does much more than simply provide information on business and finance. My Finance Coach wants to equip children and young people with the abilities and skills that are essential for an informed and responsible approach to money matters. My Finance Coach has a long-term outlook and has set itself the following core aims: Sparking interest, imparting knowledge and boosting skills.

    What does My Finance Coach offer?
    My Finance Coach provides teaching materials that are in line with the curriculum and have been prepared by education experts in cooperation with German school book publisher Universum.

    My Finance Coach also sends specially trained employees from partner companies into schools to present training units as Finance Coaches.

    These in-school offerings are complemented by extracurricular activities such as the Money Planner and the annual National Youth Finance Competition (Bundeswettbewerb Finanzen), which is organised in cooperation with the Stifterverband für die deutsche Wissenschaft (innovation agency for the German science system).

    What's more, My Finance Coach works with the Akademie für Lehrerfortbildung und Personalführung (ALP) in Dillingen, Germany, to offer teachers a range of continuous professional development opportunities based around business and finance. This extensive teacher training portfolio includes both e-sessions and face-to-face events.

     
     

    Benefits in the classroom

    Our experience – working for you!

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    We provide teaching materials for finance-related topics that have been designed specifically for use in the classroom and to suit your requirements as a teacher. Prepared by education experts in line with the relevant curricula, the broad range of modular teaching materials offered by My Finance Coach is ideal for use across a range of subjects.

    Supplied free of charge, the documentation has been developed in cooperation with German school book publisher Universum. As a result, the materials reflect the latest scientific and educational standards and methods.

    To ensure the varying range of needs, abilities and learning speeds among pupils can be accounted for, additional consolidation and extension units are also available to complement each of the basic training units.

    My Finance Coach comes to your school
    Two trained employees from the participating companies will come into a class as Finance Coaches and work with the teacher to present the training. The Finance Coaches are not financial experts, but rather business specialists who can offer help and advice face to face.

    The My Finance Coach programme is flexible and, thanks to the wide range of methods it uses, can be delivered in a variety of formats – as a typical class lesson, a project day, a project week or for a several year groups.

    My Finance Coach is subject to a continuous process of development and updating. That is why feedback from both pupils and teachers who have completed a My Finance Coach training unit is especially important to us.

     
     

    Teaching material

    This section provides an overview of our teaching materials.

    My Finance Coach offers teaching materials that are in line with the curriculum and have been prepared by education experts. Alternatively, you can also arrange for a Finance Coach to come into your class. Experience business and finance first-hand with your pupils! And the best thing is that My Finance Coach costs you nothing and is completely free of advertising.

    CoverTraining1PresentationGB

    Training 1: Introduction

    The “Introduction” training unit generates enthusiasm for the abstract topic of money and finances. This unit conveys the subject in a way that is relevant to the everyday lives of young people, pointing the way to building up an informed and independent attitude to money and finances.

    More information

    Money and finances are exciting topics that affect everyone!
    A film shows pupils who have clear ideas about budgeting and what will be important to them in the future.

    Training 1: Introduction makes it clear that an informed approach to thinking through your goals will enable you to achieve them. By discussing the film as a class, the pupils recognise that the same applies to money and finances. The spending type test shows them that everyone handles money differently. Pupils discover what type of spender they are and the results of the test provide indications of how they can build on their strengths when it comes to money management. The class looks at monthly expenditures and the pupils find out how to set priorities for their personal spending habits.

    What do your pupils learn?
    During Training 1: Introduction, pupils learn that finances and how they handle their money on a day-to-day basis are hugely important even at their age. Thinking through desires, objectives and plans opens up a positive and encouraging route into the future. The spending type test gives them a better understanding of their own personality and enables them to see where they fit in the various financial thought patterns. Training 1: Introduction encourages children and young people to actively engage with their personal financial planning and persuades them to take a closer interest in money and finances.

    Overview
    Presentation
    Guidelines for the Finance Coach
    Worksheet
    Feedback papers
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    Training 2: Shopping

    Training 2: Shopping shows children and young people what they need to take into account when making informed purchasing decisions. They find out how advertising works and learn about important rights and responsibilities that they have as consumers.

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    Developing consumer awareness
    Pupils get to grips with the key factors involved in purchasing decisions. They discuss the differences between wanting to buy something and needing to buy something and discover how advertising messages seek to influence their purchasing behaviour. During role play, they learn how to compare offers and make considered purchasing decisions. A product test enables pupils to practice evaluating and comparing the quality of products and brands.

    What do your pupils learn?
    This training unit helps pupils to adopt a structured approach when considering whether to buy something and provides the essential know-how that all self-aware and responsible consumers need. They learn to better understand advertising messages and compare offers so that they can make better informed and far-sighted decisions about day-to-day shopping and larger purchases. Scrutinising supposed special offers and small print makes pupils more aware of what costs they are incurring. They are equipped with the tools and know-how they need to be informed and independent active consumers.

    Overview
    Vocabulary
    Basic: Presentation
    Basic: Guidelines for the Finance Coach
    Basic: Poster
    Basic: Worksheets
    Basic: Feedback papers
    Consolidation: Presentation
    Consolidation: Guideline for the Finance Coach
    Consolidation: Poster
    Consolidation: Worksheet
    Extension: Presentation
    Extension: Guideline for the Finance Coach
    Extension: Poster
    Extension: Worksheets
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    Training 3: Planning

    Training 3: Planning shows children and young people how to be prudent with their money. They learn how to actively plan their income and expenditure so that they can achieve their desires for the future through their own means.

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    Adopting a prudent approach to income and expenditure
    Pupils recognise the importance of a responsible and prudent approach to money management. They get to know the basic terms “income” and “expenditure” and are shown various ways that they can keep track of their income and expenditure. Role play helps young people to see how prudent planning and informed money management can help them achieve long-held dreams. Over the course of the training unit, they offer their own ideas and experiences and gain further insight into variable and fixed expenditure through examples that they can readily identify with. Pupils consolidate their new-found know-how using worksheets and work in small groups to see how it can be applied in everyday life.

    What do your pupils learn?
    Pupils identify ways of controlling their income and expenditure. They see that developing their own budget will help them in life and that such plans can be very easy to keep. The new knowledge and understanding about how such a budget can be applied encourages them to do just that and adopt a more circumspect approach to many other aspects of life. The pupils learn how to realistically appraise their desires and ideas and are given the tools they need to achieve them through their own means.

    Overview
    Vocabulary
    Basic: Presentation
    Basic: Guidelines for the Finance Coach
    Basic: Worksheets
    Basic: Feedback papers
    Consolidation: Presentation
    Consolidation: Guideline for the Finance Coach
    Consolidation: Worksheet
    Extension: Presentation
    Extension: Guideline for the Finance Coach
    Extension: Worksheets
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    Training 4: Saving

    In Training 4: Saving, pupils identify the special features of various types of investment and learn how they can achieve their personal desires.

    More information

    Identifying conflicting objectives and setting priorities
    Training 4: Saving shows children and young people a number of different approaches to handling money. During group work and role play, they learn about the various features of different investment types. The “magic” triangle helps pupils to explore how they might deal with conflicting objectives and to set priorities.

    What do your pupils learn?
    There is a lot more to saving than just putting some money aside. In Training 4: Saving, pupils discover how they can already actively shape their future financial options. They learn that they have to set priorities for their savings targets according to their personal interests and needs and that there are various forms of investment that can help them in this regard.

    Overview
    Vocabulary
    Basic: Presentation
    Basic: Guidelines for the Finance Coach
    Basic: Worksheets
    Basic: Feedback papers
    Consolidation: Presentation
    Consolidation: Guideline for the Finance Coach
    Consolidation: Worksheet
    Extension: Presentation
    Extension: Guideline for the Finance Coach
    Extension: Worksheets
    CoverTraining5PresentationGB

    Training 5: Managing risk

    In Training 5: Managing risk, children learn how to analyse various risk scenarios and their consequences. They identify opportunities to reduce and protect against individual risks.

    More information

    Managing and protecting against risks
    Training 5: Managing risk shows children and young people a number of different approaches to managing risk. The ability to correctly assess risks is essential to better money management. But how do you explain to young people that it is important they already begin thinking about risks and what all this has to do with finances? During group work and role play, they learn about the features of various risk categories and consequences. Pupils analyse risk scenarios using practical examples they can relate to and learn strategies they can apply to their own approach to handling risks and money. During a quiz with finance-related questions, they test their own willingness to take risks and become acquainted with the principle of probability. The training unit explores various options for reducing risk along with alternative methods for protecting against risk. At the end, the young people look to the future and use their imagination to think through potential risk scenarios during various stages of life.

    What do your pupils learn?
    Pupils acquire detailed know-how about risks and the capacity to make informed decisions about the risks they are willing to take and those they would rather not take. The potential positive or negative consequences of these decisions encourage them to further explore this topic area. There is a particular emphasis on risk in relation to money and finances. The training unit also explores options for protection and the need to analyse which options are suitable for consideration. They learn that willingness to take risks is a very personal matter and that our perception of risk scenarios changes through the various stages in life.

    Overview
    Vocabulary
    Basic: Presentation
    Basic: Guidelines for the Finance Coach
    Basic: Worksheets
    Basic: Possible class results
    Basic: Feedback papers
    Consolidation: Presentation
    Consolidation: Guideline for the Finance Coach
    Consolidation: Worksheet
    Extension: Presentation
    Extension: Guideline for the Finance Coach
    Extension: Worksheets
    Extension: Possible class results

    News

    Successful start for My Finance Coach in Indonesia

    Launch Indonesia3

    Indonesia is the first country outside Germany to implement My Finance Coach.
    In March 2011, Indra Yuliawan from Allianz Life Indonesia came to Munich, where he encountered the exciting world of My Finance Coach and had his first experience as a Finance Coach, teaching training course 2, ‘Shopping’.

    On 2 May – National Education Day in Indonesia – the Finance Coaches in Jakarta were given a very warm welcome by pupils when they kicked off the project and joined classes to teach financial literacy. Today, Indonesia has notched up an impressive 30 school visits, reaching more than 1,000 students and involving over 40 trained Finance Coaches. The success of the pilot project in Indonesia shows that financial literacy is a relevant subject for young people worldwide. National expansion is planned.

     
     

    How to order our teaching materials

    Our materials for your lesson

    Open contact form

    Have you successfully taken part in our e-Session?
    You can now order the materials including worksheets for your class (25 copies) free of charge. These will be sent to you by post.
    Please use the message box below to tell us which training module you would like to order. We will then process your order immediately.

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    Sustainability

    Education for Sustainable Development (ESD)

    nachhaltigkeit2

    To ensure the world can support future generations, all our ideas and activities must be sustainable. That is why the United Nations launched the UN Decade of “Education for Sustainable Development” (2005 – 2014).

    This education campaign is embedding sustainable approaches and activities in schools and other educational institutions and putting the issue right at the top of the political agenda. Education for Sustainable Development shows children and adults how to adopt a more sustainable approach in their attitudes and actions. It empowers people to make decisions about the future while also considering how their behaviour could affect future generations or life in other parts of the world.

    How can we promote economic growth without relying on degrading working conditions and environmentally damaging production processes? In 2011, the German UNESCO Commission declared My Finance Coach an official project of the UN Decade of “Education for Sustainable Development”.

    Further information can be found at www.bne-portal.de and www.dekade.org.

     

     
     
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    • Prospects for a responsible and self-determined life.

      Prospects for a responsible and self-determined life. My Finance Coach aims to open up new avenues and opportunities for children and young people, showing them how they can achieve an independent, self-determined life, and strives to equip them with money management skills that are important in everyday life.

      For young people to achieve an education in this area that goes on working for them throughout life, educational offerings need to be firmly rooted in a wider social context and in the school environment. My Finance Coach has a long-term outlook and its modular structure ensures that business and finance are themes that are examined continuously throughout studies.

      The initiative grows with the pupils, accompanying them as a trusted partner throughout their school life. The content and portfolio of My Finance Coach adapts to suit the changing needs of young people as they get older.

       

      Our sustainable and holistic approach has effects that stretch well beyond school life.

      It helps to deliver a sustainable shift in attitudes and to convey skills for dealing with business and finance. A sound grounding in general financial literacy is a modern form of social policy that has a sustainable impact on individuals, society and the economic and social system.

      However, sustainability also means ensuring content is not restricted to specific social groups. Teachers play a particularly important role in delivering a sound financial grounding. In recognition of that, My Finance Coach offers a comprehensive and sustainable portfolio for teacher training covering business and finance.

      Bringing on board key social disseminators such as teachers is essential to making sure that knowledge is transferred and attitudes to business and finance changed on a sustainable basis and across all tiers of society.

      Corporate Social Responsibility
      Companies need to do more than just earn money. They are a part of society and have a responsibility towards it. Economic issues touch virtually every aspect of our lives and can no longer be regarded in isolation. They are entwined in a cause-and-effect relationship with socio-ideological and ethico-moral issues and have a long-term impact on the cohesion of society.

      A better understanding of how business and finance work and how our behaviour impacts on us, our surroundings and global society are crucial if we are to promote responsible attitudes.

       

      Responsibility lies with the individual.

      People are more than just consumers. They are also business people working in an environment where resources are scarce. As such, they are not just responsible for themselves but for their environment, too. That is why financial literacy is closely linked with consumer responsibility. Modern production processes are organised on a global scale and have corresponding economic, social and environmental consequences.

      My Finance Coach highlights these correlations and encourages pupils to examine their own activities in the light of their shared social responsibility for people and the environment.

       

      The importance to society of an education in business and finance.

      The benefits of a sound financial grounding are not just economic. The social relevance and political dimension of an education in business and finance is just as important. Destabilisation of global society resulting from a process of growing economic fragmentation threatens to culminate in potentially explosive political and social consequences that should not be underestimated. If the increasingly unfair distribution of wealth causes even greater polarisation in society, then political and social cohesion could be damaged, with far-reaching socio-political and ecological consequences.

      This widening rift would inevitably bring with it a major social conflict. Education in business and finance and fair trade are the cornerstones of modern, progressive policies for the benefit of society and peace.

       
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