Children come into contact with money already at an early age, for example when spending money or in the grocery store. A large number of studies show that financial education, especially amongst children of kindergarten and primary school age, has positive effects. It is beneficial for financial literacy as children grow older and can have a preventive effect.
For this reason, the Swiss Finance Museum has been committed to the topic of financial education for years. Together with SIX, the Swiss Finance Museum wants to promote financial literacy and money management among children during Swiss Money Week 2023. As part of this year's Swiss Money Week, over 140 Zurich primary school children were involved in the program organized by the Finance Museum and SIX.
Lower grade: Money collages
In the weeks leading up to Swiss Money Week, the lower grade classes worked diligently on their creative collages on the topic of money and submitted them in advance. In the children's workshop itself, the collages were discussed together with the workshop leader.
Guiding questions were, for example:
- When do I encounter money?
- What do I associate with money?
Middle school: Budgeting competition
An absolute highlight was the award ceremony for the budgeting competition in the auditorium at SIX ConventionPoint. Around 100 children from five primary school classes in the Zurich region came joined the event on site. The competition had already been announced last fall. The task was to create a possible budget for a class camp. Not only the budget was important for the evaluation, but also the associated documentation, which also had to be submitted. The different steps and decisions that were made were relevant to the evaluation: How did the school children do their research? What pros and cons were weighed? What criteria were important to the class - as cheap as possible, as environmentally friendly as possible, etc.?
The six school classes participating in the competition all worked on their own class camp in the weeks leading up to Swiss Money Week.
The budgets and documentation were judged by a jury consisting of Marianne Ringger, representing the Zurich City School Board, Fabienne Strobel, Head of Sustainability at SIX, and Andrea Weidemann, Director of the Swiss Finance Museum.
All submissions were of good quality, so it was not easy for the jury to award the podium places - after all, it was the comprehensibility and the discussions held in the classes about budgeting the class camp that tipped the scales.
- School Chriesiweg, 6th class of Mrs. A. Meier
- School Laubegg, class 4/5f by Mrs. L. Aerni
- School Blumenfeld, class 5 by Mrs. X. Kadriji
About the Swiss Money Week
Swiss Money Week 2023 is the Swiss subsidiary event of Global Money Week, which will take place from March 20 to 26, 2023. It is an annual, international campaign that raises awareness of financial topics among children and young people. After all, financial education cannot be started early enough.
The week is organized by the OECD International Network on Financial Education. In Switzerland, the Swiss National Bank SNB is taking on the role of national coordinator. The Swiss Finance Museum and SIX are teaming up to support the campaign.