PWC Reflection

PWC Reflection

Yesterday and Today were our first and second session of Financial literacy.  We had two mid-aged men named Peter and Adam. They taught us about Savings and Borrowing, Income and expenses, Keeping our identity safe and privet, Why Insurance is Important. We learnt all these things because, these are things we need to learn before we grow up so we can make good choices in the future with our upcoming lives.

Savings and Borrowing - We learnt that it's best to save up money instead of borrowing because, borrowing can take quiet sometime to actually get the money, but once you get it and buy what you need / want, you might need extra cash. So, we all agreed it's best to save money and make sensible choices with your money. Not only when you borrow money you need to be trustworthy, e.g: If you borrow someone's DVD, they will be expecting it back all in one piece and on time. Being a good borrower all comes down to how TRUSTWORTHY you are.!

Income and expenses - Income means, Money you earn or get for doing something such as working. Expenses is how you spend the money.  We learnt a few different things about Expenses rather than both. I picked up that people need to cut down the amount of money we spend on things we want instead, we need to save money.

Keeping our Identity Safe and Privet - This was one of the main and most important things we had to learn about. Keeping our identity safe is really important because, It's the most important thing to us. It helps people recognize who we are as a human and different information about us, make up our identity. As we were listening to Peter talk about what makes up our identity, Adam interrupted by asking us a question and it was "As you grow, what part of your face doesn't change?" We were all dazed and confused, Students started throwing answers such as "Your Eyes, Your Lips, Your Nose, Your Face!". Which was totally out of line. It was actually our EARS! We laughed hard and loud that our teacher in the library could hear us through the wall. Peter continued talking when the class was silence. During this session, It was pretty full on and all worth it because, we learnt so much.

Why Is Insurance Important? Insurance is very important in case of an emergency. Insurance companies help provide money if you need it. There are different types of Insurance such as Health Insurance, House Insurance, Car Insurance, Contents Insurance, Pet Insurance and much more. So, These Insurance companies work differently, but they all have at least one thing in common and that is they provide money when you need it. House Insurance, Car Insurance, Health Insurance and Contents Insurance help you with money basically during every emergency state. So, If you think you'll go through something horrific and you don't want anything to happen to your house, car, your health and the things inside your house, Get INSURANCE now when you can. (Recommended age - 18 years of age and above.)

POV! - Today was a Great day. It was the best way to start of the morning. We've learnt so much about savings and much more thanks to PWC. PWC has done so much for our school, not only with coming once a year and teaching us about Financial Literacy, but also helping our school by providing us TOITOI books and much more. These people are honestly the BEST!

Thanks PWC x.