Research Article

Teaching Money Literacy in a Positive Youth Development Program: The Project P.A.T.H.S. in Hong Kong

Table 2

The aims and learning targets of curriculum units for money literacy.

UnitsNameAimLearning targetsPositive youth development constructElements of money literacy

MS 1.1 (Grade 7)I Believe I
Can
To learn to identify self-efficacy in different domains
and the limitations
of money
(1) To recognize one’s self-efficacy in social, living habits, academic study, appearance, and financial managementSelf-EfficacyNarrative Acquisition and Cultivation of Traditional Values
(2) To understand that many essential abilities are not developed with money

MS 1.2 (Grade 7)The Value of LifeTo facilitate students’ thinking about their life priorities(1) To reflect on materialistic values and their limitationsSpiritualityDeveloping Skepticism
(2) To help students to explore the value of life

MS 2.1 (Grade 8)My PersistenceTo understand achieving targets requires persistent hard work(1) To understand two keys to success—persistence and resistance to temptationBelief in the FutureExperiential Exploring
(2) To understand money is just a necessary but not a sufficient condition for success in life

MS 2.2 (Grade 8)Drawing the Line at Certain Kinds of ActionTo learn how to make choices and refuse to gain money by illegal means(1) To let students understand they should not participate in illegal acts for moneyBelief in FutureSocial Responsibility
(2) To teach students to deal with peer pressure by using decision-making skills
(3) To understand everyone should be responsible for his or her own acts for gaining money

MS 2.3 (Grade 8)A Meaningful LifeTo experience managing one’s own finances(1) To understand that good moral character is essential to leading a meaningful lifeSpiritualityCritical Appreciation
(2) To understand the importance of prudent financial management

MS 2.4 (Grade 8)The Story of a Cycling BoyTo encourage students to reflect on the meaning of money in their lives(1) To understand the importance of spiritual satisfactionSpiritualityExperiential Exploring
(2) To reflect on the value and meaning of money in life

MS 3.1 (Grade 9)Know More about Credit CardsTo understand consumer loans (e.g., using credit cards) rationally(1) To understand the financial burdens and risks caused by consumer loansCognitive CompetenceSocial Responsibility
(2) To reflect on alternatives to consumer loans

MS 3.2 (Grade 9)The Kindest CutTo deepen students’ understanding towards the meaning of life through a discussion on vocation(1) To introduce Doctor Sydney Chung’s work and worldview and probe into conditions of ideal workSpirituality
3.3
Critical Appreciation
(2) To deepen students’ understanding about the relationship between money and success and reflect on the meaning of life

MS 3.3 (Grade 9)Welcome Everybody to the Party!To understand the styles of consumptions that can let everyone contribute in making changes that lead to a better world(1) To nurture the ability of goal achievement and attitudes and skills of good financial managementMoral Competence 3.2Social Responsibility
(2) To enhance students’ knowledge of responsible consumption with local examples and establish students’ belief in civil responsibility with the practice in consumption
(3) To use the knowledge, skills and attitude taught in this chapter in real school life