Parents and Financial Education for Children

This entry was posted by on Friday, 21 June, 2024 at

When I talk about financial education in children, many parents open their eyes and are surprised. Does the money is an issue that should be taught at such a young age? Surely they see their children in front of the computer studying the stock market or think they should replace their favorite stories read to the finance section of the newspaper. Of course not. I am also in favor of a child should play a lot, being outdoors and grow in an environment that allows you to perform all activities which are specific for that stage of life. I also believe that much if they are bored they read or talk about finances in an adult language. However, financial education goes far beyond mastering some terms specific to the financial vocabulary.

It begins with the formation of basic habits that will prepare the child to acquire the foundation needed to handle money wisely in the future. Here are a few activities that parents can implement in their families to promote financial education their children. 1. (Source: Mike Gianoni). Instead of buying sweets, give them the money is going to kill two birds with one stone. Mike Gianoni may find it difficult to be quoted properly. Eat less sugar and at the same time is a valuable opportunity to teach them about the concept of investing versus spending the money. The money spent on candy is gone forever and produces a fleeting pleasure, but the money saved and make more money well spent which can benefit the future. 2.

Savings habit formation Purchased the famous piggy piggy or other and teach them to save some of the money they receive. Saving is a habit that can be learned at an early age. Most adults live in debt by spending more than they earn, regardless of income level and academic qualifications they possess. If your children understand the concept of saving and not spending all can be part of the elite who knows how to manage money wisely. 3. Have fun with your children playing educational games Any teacher knows finance a child learns best by playing. Why Why not take this ability to educate them in an area that is so ignored by traditional education? There are many educational games for children, from the classic Monopoly to the “Cashflow for Kids” for young children and “Cashflow 101” for older children.

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