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Financial literacy has been on a wide range of effectiveness to the society at large and it's impact on our kids at a tender age will make it more suitable and beneficial to them and the society, having kids with a 100% prospect on finance will go along way of reducing financial instability and let them understand and manage personal finances effectively, making informed decisions about earning, saving, investing, and spending money.
And how do we execute that it's at this early stage of their lives ranging from 7 and above.

Have been wanting to share this thought with everyone cause I think it'll be of greater achievement and benefits to us All and I think registering them for a financial literacy booth camp is the key, beginning from this holiday.
Alot of parents are not slacking on this cause they demand the best and definitely in the aspect of finance it should be put into better consideration and working body just as it'll make a better impacts on our kids in the long run.

Indulging a child in a financial literacy boot camp can be highly effective in teaching them valuable money management skills and setting them up for long-term financial success that will make them develop good habits and good relationship with money and again Developing good financial habits and knowledge early on can lead to better financial outcomes and a more secure future.

So by investing time and resources in a financial literacy boot camp, you'll be giving your child a valuable head start on their financial journey.

Seriously, a boot camp for money management? when we're living in the world where field jobs is getting scarcer, having a degree doesn't guarantee you will get a job and learning a new skill in boot camp doesn't guarantee you will get a job?

I'd say money management/financial literacy is good when you already have a job, if not, mastering money management when you have no money is really pointless.

It is not a bad idea to register your children to programs that will help them acquire basic skills that will help them become financially prudent. But children learn more by example. As a parent, if you want your children to acquire financial literacy skills, you should exhibit the habit in your finances. Your children can easily learn how to work hard, save, and invest if you are doing the same thing. Children should be able to know how the family survives and also invest. Your child shouldn't know you as a waster, debtor, addicted gambler, or lazy because they can easily adopt the same lifestyle.

I just commented on a thread about Surinamese young entrepreneur Maya Parbhoe who was able to become a millionaire by hard work and dedication. Her grandfather and father were successful businessmen, and I guess she learned financial literacy from them. But I am not disputing the fact that boot camps are not good avenues to learn basic skills, but financial education should start from home.

Is life supposed to be this complex that you have to subject a little child that's still young to learn every about finance at a tender age? Life is pretty much tougher as you climb up the ladder and a lot of experience and fun children enjoy becomes almost the last of them once they grow up into the reality that society is seriously toxic and tough for all. Financial literacy is good but it should come at a certain state in time when the child might have come of age and has possibly gotten to high school.

What kids need at a tender age is good moral values and basic knowledge about life that will better prepare them for adulthood. Financial courses could be incorporated into the school curriculum and taught in a simple way that will help them get some basic foundation on it.

Don't force a child into doing adult stuff while he's yet to blend in well with his mates.

I would oppose the idea of ​​children as young as 7 years old taking finance courses or financial bootcamps like your idea. In my country, 7-year-old children have not yet finished first grade. Is it too much to force a child who has not yet mastered basic addition, subtraction, multiplication, and division to know about finances? Why can't we give them a beautiful childhood? And what will ensure that forcing children to learn about finances early will help them become rich people later?

I am not against the idea of ​​teaching finance to children, but I think it is not necessary to teach it too early when children have not even finished first grade.

Bootcamp for a kid's financial education? I don't like the idea of boot camps because 99% of them are scammers, teach you nothing while taking thousands of dollars in their pocket and to be fair, I don't want someone else to mess with my kid's opinion about finances and economy. I think that it's every parent's duty to know how the economy and finances work in the world and then they should teach it to their kids slowly, over time. I think that parents should teach kids that when parents buy something for them, it didn't come out of thin air and work was put into it. A kid should know that it's not easy to earn money and they should appreciate when parents spend money for them. When kid becomes teen, parents should slowly teach them how many currencies exist, why do they exist, what is national bank, FED, why do governments print money and what happens when they print money, why do currencies devalue, why is something cheap here but expensive there and etc...

I agree that financial literacy for kids is very important to help them avoid dangerous situations and losses, empower them to effectively manage funds, and have a good basic understanding for money, banks, loans, etc. If there's a camp on that, it can be a nice idea. In my country, it's taught in a systemic way, as a school subject. I can't say much about the quality of the subject because it was introduced fairly recently, but it is good when such important things cover everyone and not just those whose parents can afford and have enough motivation to provide such education to their kids as an extra.

This idea is really good for kids knowing that there are so many information that provably can confuse them that's why its important for them to know about this at early age. We are now in digital era where everything they can find in internet is confusing especially on what they see on those influencers they see. So its good if they have good knowledge so that they won't easily mislead and can able to recognize which is scam and which is good investment to look after.

Financial literacy boot camp would really be great if there is since it can help our children to became smart on their money and for sure it can help them to decide about what better thing they should do with their money.

Financial literacy should be included in curriculum since this is so important to learn by all people. But also maybe increase the age like 12 and above since that age is I think good to start with financial matters since for sure they can absorb those information they learn.

I don't think all of this is necessary for children, while growing up as kids, we where allowed to play and do things within our age as children and we really enjoyed it,  as a children don't see the need for money at that stage. here your proposing discipline or literacy on kids that are still developing with free minds, I believe we should allow the kids enjoy their childhood and not bamboozle them into adulthood when they are still children just in the name of financial literacy, this sort of wokeness rubs them off their childhood.

At best you can start teaching them financial literacy from their teenage age,  because at that age some of them begin to earn little little money from either jobs they do our services rendered, but not aggressively the way you're putting it, because at that age they need not to be too money oriented.

Why do we need to force the responsibility of handling finance to a child while the rest of us Adults including all passed away manage to move forward without the need of this financial literacy as a kid. Your suggestion will ruined the child freedom because you are forcing to learn a knowledge that is still not suitable for a kid.

Will you let your child manage your finances? All of us will enter on legal age which this learning should be introduced not during a kid.

Seriously, this a torture lesson to a 7 years old.

At first good financial management are from the parents you could be right on what you are saying to give them good knowledge but most times children from age 6 above are so called "imitators", meaning out of 99 percent of their lifestyle or characters are from their parents where 40 percent are from their mother while 30 percent is from their father then the rest 30 percent are from their personal life, that is an inborn habits that is in them as human or babies they are.

I can tell you with humanity that most children who doesn't know how to use and spend money are from their parent if they could have a good teaching from their both parents then it would reduce some forms of irresponsible and luxurious lifestyle they had chosen for themselves.
So, as parent or mother walk on your lifestyle the way you live and how you spend money then your children would learn from you before even going for addition training on how to manage finances. If you slacking in any way then your children also could be slacking in that area you are finding challenges because couldn't handle it properly.

I am all for teaching children to be financial literate, but I do not know if sending them to a boot camp is all necessary. I would rather take my time and try to be patient and teach my children myself. I would not know exactly what would they be teaching so I would rather teach my children from my own experience and have them share the same principles and beliefs as me.

This idea could help the next generation, a lot of us have gone to college and graduated,all we learnt was dy/dx, we were not taught how to make money which is the most important aspect of life.. it's very funny that even those that studied business related courses in school don't even know it takes to start a business.. exposing kids to entrepreneurship skills and other things that can equip them financially at a young age is going to be very helpful to them, many of us were not given this opportunity, learning a high value skill at a young age will definitely make anyone stand out and be exceptional, I think this is a good idea

I can understand your point, but I can also understand what the op meant in his post. If we look at it at a glance, I think we will have the same thought, that children cannot accept it all because their world is still in the world of play. However, that doesn't mean that by providing literacy to children, children will immediately practice it, we can do it gradually. For example, we can teach them how to save and start saving, I think this is a common thing that happens in our environment, we just don't realize it.
I see different parents in caring for their children, there are those who pamper them excessively and there are also those who are just normal. Well, as parents, we are their first school, their character is actually formed from the time they are at home, so we have to know exactly what to do and what not to do in educating our children. The reason is that when a character has been formed, wanting to change it is very difficult.

A 7 years old child does not need to learn about financial management because it is useless and too ambiguous for his little brain. Let such children go to school and learn what they are teaching them in school because that is what they need at that age. Watching cartoons, play with their toys and doing their homework is better. The only thing I can say is that from that, you can start giving the child money to keep and tell him not to spend it because at 7vyears children are likely to spend whatever money that you give to them. Financial management should be learnt when the person starts earning because it is more of practical than theory. At 7 years, a child can start learning little skills.

I do not think it is a bad idea... why not?  Boot camp as we all know is an activity where learning is being fast-forward since the camp is dealing with specific skill.  Instead of spending longer time and larger money on attending school about financial management, I believe attending a BootCamp will shorten the learning period and needs way smaller money to learn certain skills.  Indeed one can study personally, but it is still best when some expert is guiding us in acquiring learning and skills.


If a person does not have a job, it is much needed to have a financial literacy.  With that, a person will be able to spend his remaining money on more worthy items.  Budgeting is much needed when a person's fund is scarce.  So financial literacy is not only important to working people, it is important to everyone.

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The younger a kid to know about financial management, the better he will deal with finances when he becomes older.  I am all yes to give kids lessons about Financial literacy.

The best way to be an example for children is for parents to educate themselves. A child can first receive a good education from their family, but parents should not be in a hurry. Trying to teach children things that need to be taught after a certain age early will have a negative effect. There is a time for everything and things done early are usually not beneficial.

Every family wants to raise their child in the best way possible, but sometimes they act carelessly and try to teach the child things that they will not understand at an early age. This can negatively affect the child and cause them to feel pressured.

I don't understand how the concept of the financial literacy camp works and how the camp works, maybe there needs to be a clearer explanation of this.

I don't agree with you about financial literacy being good when you already have a job, but I think that is the goal of financial literacy that should have been instilled in their childhood, I see that from the younger generation of Chinese children, they are educated by their parents in managing money since childhood, even as small as the money they can have to manage, and we see that today's Chinese people who are precisely immigrants in other countries have a good economy, and I they are educated from childhood. but when it comes to financial literacy camps it is not necessary because parents can teach it directly.

But when it comes to financial literacy camps it is not necessary because parents can teach it directly.

Teaching a child how to be financially stable is not a bad idea and sending them to boot camp is not also a bad idea all involves passing knowledge to them and knowledge is a good thing, they may need it at some point in there life.
Someone was saying that teaching your children about Bitcoin is not a good idea and my response was what is bad in passing a good idea to your children, if there's one thing I believe is important to a child is training them on how to be financially stable when they grow up.

I hope you do know that financial literacy doesn't necessarily make one become a wealthy person tomorrow but even with your small change, you can leave comfortably and wouldn't have to see money as a materialistic thing but will rather used it to build on your own capacity. Financial literacy isn't thought in school otherwise the way society is so daft about money would have reduce but we misplaced priority of materials before the money.

Another thing is that money making again is all about opportunities. I'm not sure that somebody like Elon Musk will he where he is today if not for Telsa foundations that began many years ago, he was able to used money from there to fund Twitter now called X, this are the opportunity some people don't have through out there entire life despite gaining all the financial literacy.

Young children do not neccessarily need a boot camp to learn about financial literacy. Whatever value a parent intends to instill into a child, it should start from the home. As a young child, my parents got me a piggy bank where I saved every little money I earned from my hardwork at home. Even though I didn't really have plans for the money I was saving, it made me value money more which helped me to avoid wasteful spending. I do not think this method is old fashioned yet, kids can start from here while still paying attention to their studies as they should. Kids should be allowed to be Kids. Teach them simple values and leave the complex ones for when they get older,  they will adjust naturally and begin to take financial literacy seriously.

Like you said, it’s not entirely necessary as it’s something you learn later on in life as the child grows but, it’s a plus giving your kids this exposure. It arises in them that consciousness of proper money handling.
Children that are thought to earn what they are given, either as tips for accomplishing a task or some reward for showing some good quality or attributes tends to grow with a mindset of earning what they have and that’s good.

When a child gets to ask you for a candy and you ask the child to buy from what money they’ve got, they learn to be conservative as they recognize the fact that, should they spend all their money, they go broke until they accomplish some task. That’s how you educate a child on money handling without being too direct.

Well, I don't see any wrong with that but let's be realistic, that won't guarantee that these kids who'll turn into adults in the future will never experience financial pressures and stress, and won't be facing tough days in their finances. Although I get the idea that it could be somewhat helpful to them so they can be exposed to good financial management at their early age, but we all know hard work, skills development, and experience are still the best proven ways that will improve and create progress in their finances, not the boot camp around.

It's a no for me. I would rather teach my own child on small steps of saving and probably teaching him to learn bitcoin in the future so that it will be easy for him to invest in the future if he will also follow my legacy.

While having a bootcamp to learn financial literacy for kids is a good idea. IMHO, experience with the help of parents is still a better way in educating and introducing them on how to be financial literate. Like starting it with going with your kids to the bank and show them how it works, writing on the deposit slip and pay it to the teller. So, that's the traditional way of depositing and saving. And after that, teaching them how to save through their piggy banks or with how digital saving works like depositing it through the apps that we're using in our countries and put their money there. Saving is just the start of it and the discipline that they will develop through it is going to open their minds about money, finances, investing and other stuff. So, you get to introduce them so a bootcamp is a good start but if you're a parent and you want your kids to learn more, it's going to be with your initiative first and teaching them the basics at your home.

Financial education was a part of education that our parents never really invested in a lot of timing trying to expose us to, and that is the reason why some of us struggled a lot to really find a way to make money and also struggle to keep money after we start getting it. Early exposure to financial education as a way to boost financial literacy among our kids is a way to provide early assistance to our children helping them to find wealth, which is an aspect some of parents failed in.
A financial literacy boot camp may seem boring to your kids at first but later in the future they would really understand the benefits that these early education has done for them

Actually with the nature in which the economy of the world is falling really requires us to set a good financial path for our children by making informed financial decisions for them at a very tender age but the age range of 7 years you made mention of is rather too early for a child to know about how to make money because I have seen children that their parents exposed to business ideas at a very tender age and this children where unable to further their education because they felt it was a waste of time going to the school and they grew up with the mentality that everything about life is all about money and they ignored seeking for educational exposure and became full time business people.

There is need for a child to graduate through school before being exposed on how to make money of their own because at that very tender age, whichever thing you expose to them they will take it up till they are grown and even though they can earn while studying but in most cases it becomes a distraction to them in their academic pursuit, Everything about life shouldn't be about making money but the only thing I can say is that parents should learn how to save money for their children, possibly open a kiddies account for them so that when they have grown to a certain age where they can take full responsibility of their actions and inactions then they can be exposed on the best financial decisions they can take with the amount already saved for them it will go a long way in the success building of that child.

Agree with you. Sometimes parents' fear will bring disaster to children, I mean they will experience stress if they are forced too much with our will. Age 7 is still too early to be taught about financial literacy, they still have their own world with their own pleasures, especially if they are still in grade 1.

It is not wrong to teach financial literacy to children from an early age, but start from small things, do not immediately put them in a financial literacy training place because that is too excessive which will later have a negative impact on the child's growth and development because their parents are too obsessed with making their children smart in managing finances which makes them stressed.

Teaching about Bitcoin to their children might be a bad idea in their own opinion and that's okay if that's what they think. Because not all parents are open to teaching them about it.

But as for teaching the kids while they're young about financial literacy and sending them to boot camps, they'll have fun for sure. Because it's not limited knowledge that they'll get there.

IMO, aside from financial literacy, they'd also learn how to socialize and network with other people which is a valuable skill to have.

You can't blame our parents just because we don't make money or don't know how to make a lot of money. You must know that our parents' generation is very needy and miserable, although aware of the importance of education and financial knowledge, maintaining each meal and survival is more important at that time. Furthermore, even when you are grown up and independent, you can still improve your financial knowledge if you really want to because it is never too late to learn.

We are being left behind compared to others due to our own fault, don't try to blame those who were born and sacrificed their lives to raise us.

Having access to early financial education does not guarantee that you will have a better future if you do not want to learn, are not passionate about it, or are not properly educated. All knowledge needs to be taught at the right age to maximize effectiveness, so we need to teach children fully and properly instead of teaching them early and forcing them.

Many parents are haunted by the current economic situation and the difficulty of finding money to survive these days, so they think forcing their children to understand finances as early as possible will be good for them. But that's not how we educate a wealthy generation or how we make a difference. Who can guarantee that if we educate our children about finance as early as possible, they will become rich or do we just follow our feelings?

Also, I wonder if OP and the people supporting this idea have children and have talked to them, and listened to them say what they want? Or is this just the thinking of people who don't have children, don't have experience and don't even know how to start raising children? We should not try to impose our thoughts on anyone, especially our children.

If you already have children, I am sure you will know how to educate children properly and also give them the things they need to learn at the appropriate age level. Because children who are still young around 7 years old or have just entered elementary school do not need to think about finances and also about financial learning because they will definitely have their own time and period in caring about it later. So I also agree more with your opinion on this one because children who are just growing up should still be allowed to play and get to know their own world slowly without any coercion or restraint from their own parents

Because I once found a child who committed suicide because he was too restrained by his parents to learn something he didn't like so that the child was unable to contain the stress in his mind which caused a disaster for the child. So as parents, of course we all have to know about the time or period for the child to accept something heavier, both in learning and in playing and in introducing him to responsibility in life. Because not everything has to be taught early on if our children still have more time to understand other important things in the future.

Let's just assume that it is both. There's no problem for someone who doesn't have a kid and tries to suggest something like this and the same goes for the actual parents that haven't heard of this idea. Let's be open-minded with ideas that can enrich someone's ideas and knowledge towards something like this topic for financial literacy. Based on this study: Financial Literacy Around the World (https://gflec.org/wp-content/uploads/2015/11/Finlit_paper_16_F2_singles.pdf) "33% percent are financially literate and this only covers for the adults only and if converted into count, the study says that it's around 3.5 billion people globally that does lack of financial understanding." So, if someone tries to give a good idea for others to have more understanding towards financial matters, be open to it and embrace the potential learnings that can be extracted from it whether it's theoretical or in actuality.

I’m actually not against with the idea but I don’t think teaching financial literacy for young kids will be totally absorbed by them since their focus is not yet on how to manage their finances or build financial literacy but obviously, it’s all about play and having fun. Learning at their age is more effective if they are more encouraged to play and play.

However, we can still teach them at home about saving even at an early age. If they have received cash gifts from different occasions, let’s educate them about the value of money so they will come to understand that it’s not all about buying and spending all the money they got, but saving even a little is also a smart step for them so they will realize the value of money not just today but most especially in the future.

Indeed, children who are 5 years old should train them in literacy, where at an early age individuals can apply skills and abilities in developing things such as finances, where they indirectly understand the meaning of saving money, investing and other things in solving and thinking about which are positive and negative in using money, so that when they grow up they know the meaning of money itself in saving, saving and so on.

But for children, don't put too much pressure on the Literacy process, follow the flow they want, because they are still children, entertainment games are part of them, just to understand finances in general, it doesn't matter, forcing them will result in children having a bad impact on them. they.

Well, this is not the first time that this topic has been raised, and the importance of financial literacy cannot be overemphasized. It's not only recommended for kids; there are many adults who lack knowledge of financial literacy, and according to some financial experts, the reason why some people are still poor is because they lack good financial knowledge.

Some people have earned a significant amount of money in their lives that would have been enough to make them start a better and more comfortable life, but they mismanaged the money and didn't have the opportunity to make that amount again in their lives. Some people also mismanaged their income when they had very few responsibilities, and because they didn't invest in their future, it affected them when they were faced with huge responsibilities. 

So, it is wise for everyone to have good financial knowledge, and it is also the responsibility of parents to make sure their children are financially literate. 

It's amazing that it is a topic heavily discussed and everyone seems to know that kids need more financial education, yet some of the most developed countries in the world still do it badly or not enough. Maths is super important, however in practical terms financial education is almost equally important. It should be the bedrock of education, but it feels like politicians continually plan to keep the populace dumbed down and many will not learn key parts of how the business world works their whole lives. It plays into all the terms and conditions that financial corporations rig in their favour, which ends up costing the lowest earners vast amounts of money.

It is not pointless, however I also think it is too much to try to get kids into a boot camp just to learn something that their own parents could teach them, because even if trying to explain fully how the economy works is a topic that is too complex, it is way easier to explain to them how they can make use of their resources in the most efficient way, and how if they can maintain this for the long term, they can reap some amazing benefits down the line.

Actually, if my child knows more about financial literacy, it will definitely help them a lot. It tends to be that most of the teenagers are making wrong financial decisions at an early age, and this will affect them bitterly in the future. To avoid all this, they need to have good financial knowledge since their young age to avoid making mistakes in their prime. 
 
Because we even will know the best financial decision for himself from his age, he will hard take a wrong decision in the future because he will always get concerned about the complications that his decision might cause him if he really made a wrong decision, so to me, it will be best to let the kid have knowledge on finances and financial decisions for future use. Beside children then to learn very quickly and it stay in their brain permanently. 

It must be admitted that financial literacy is a long-term investment in knowledge for children, where they will have a strong foundation in the future. Of course, as parents, we must be good at positioning ourselves, in the sense that parents are direct examples for children. In general, every parent must continue to learn about the procedures for providing financial literacy to children, we must update the knowledge we received from our previous parents, because we must keep up with the times. I mean we have to re-evaluate the literacy we have before teaching children, maybe some are no longer suitable or are no longer relevant in the current era and in the future.

Meanwhile, I am sure that every family has its own traditions in anything, that is what makes a family and the people in it look unique. But in general, we can teach children about financial literacy with simple actions such as managing pocket money. I think many parents will start there, and it is important to explain to them to recognize well between needs and wants. We as parents can then evaluate it periodically, so that we can know the level of understanding of children in managing finances, this is the best form of guidance I think.

As We are heading for the next era we need to be ready for all because this is important for us and kids as I am checking this all it's good we understand importance of financial literacy is important for kids even we are having some difference about few things, but we have to understand it's all part of debate or talk I am also having strong feeling we need to start about things like these from early age because this will be give them good view about this all, and they will be able to have better things from their early start as well.

Sending them in camps are not important because we can do this all at home with many other soft ways as well because we are living in different regions with many things are completely different, so this is also having impact on kids because if they will be able to have learned things to home and round this will give them better experience and chance of understanding about this.

As a child, of course, they cannot understand it well if no one has told them about it and this is the responsibility of parents to be able to teach their children about financial literacy first and the rest they will be able to get in their education, because if a child does not understand this until they are adults and have their own income, of course this will be very unfortunate, they will not be able to manage the income they have properly. It is true that it would be better to teach them from an early age so that we do not regret it when they are adults because if we do not teach our children about this, of course when they are adults and see them unable to make the right decisions with the money they have, of course it will make us sad to see their lives that will experience difficulties in terms of finances.

Well, yeah, parents can teach children about it by gradually teaching them how to manage their pocket money like you said, teach them how to spend it, and also teach them how to save from it for the future, just so that they can understand that it's not all the time they can have money and ones they don't have but are faced with difficult situations, that's when their savings can save them from such emergencies. Then the problem to look at here is, what if they are parents who don't even have that financial literacy? How then can they impact to their kids a knowledge they don't have?.

As a parent then it would really be that something that you will really be that doing on guiding up your kids while they are growing and teaching up things on which you do see for it to be right.
It would really be that understandable that there would really be things on which you would really be trying out to explain it out but of course there would really be things on which there's a specific time
on where you would really be trying out to explain it to them specially when it comes to financial literacy and other things which are really that correlated to it. We do know that when it comes to this aspect
then it would really be something that ideal on telling them when the time is right.Although on which this one could really be that thought in to  the school but still would really be that different
when it comes to pure dealing up with it but somehow it would really be giving out that kind lacking in compared when we are parents would really be adding up in related into this.

Financial literacy would really be added up on the curriculum on which this would really be leaving no worries about on learning it and thats why they would really be that going
add up as parents on which this is really that sense of responsibility. We do know that when we do have kids then it would really be that our responsibility on teaching up things on which it would really be
that according into our own real experiences in life so that time comes that they would really be that prepared.

Fact: Your children's finances will definitely affect you as a percent, and the only way to stop that regret in the future is to give them the knowledge, and you can’t give them the knowledge when you also are not practicing it. What I mean here is that if you, as a parent, have poor financial planning, your kids will find it hard to accept what you tell them because they mostly get knowledge by seeing what you practice, so definitely to make them practice and understand more about financial literacy, you have to also practice it as their parents. 

Because future regrades due to wrong financial decisions and planning will be complicated based on the situation, and if care is not taken, it can be hard to solve, which means your kids will also end up in poverty and regret their actions based on finances. 

While I agree with giving our own children an understanding of the importance of finances, I am opposed to pushing the envelope and taking it further as you suggest that finances should be taught from an early age.

It will only burden and your child will also not catch it well because it is not his time, let the child grow up according to his age because after all for children of that age they actually always learn what the adults around them do so that when we do good things including in behavior and financial control then the child will also learn by himself without having to demand that they learn what they are not good at.
Children are a reflection of their parents so when parents do not do well in terms of behavior and money management then do not blame the child when doing the same thing because for children of that age they only copy paste what the closest people around them do.

Most parents do not know much about financial literacy. They may be part of this majority who would want their children to have a better future than they had themselves, more so in financial terms. Taking kids into the subject of financial literacy not only helps them to have good financial habits but it also prepares them for success in the long term. Increased chances of success in life and better financial futures can be realized if knowledge about developing good financial habits is imparted on individuals during the early stages of their lives. As a result, you will be able to grant your child a very useful advantage for his whole life by making a wise investment in this kind of training.

Having a financial boot camp is actually a good idea but only to those who are ready enough to absorb all the ideas and information. If we are dealing here with a child below than 7-year old, that would never work for him. Instead, giving him the freedom to do what he want and guide him all the way, that would mean a lot to him and discover new things on his own, but not in the aspect of finances because children at that age will never be interested in that kind of topic.

Financial literacy is a must, but it should only be introduced to those kids who can understand already the value of money, and not on kids that their life is only focused on playing games.

I think this is some of the instances where "start them young" isn't gonna work as you think it would. Like of course it's great to teach kids how money and finance works while their brains are developing but as time goes by, it's much more important and urgent to teach stuff like this when they finally feel the gravity of just how important money is on a large scale. Kids wouldn't have a single clue of just how important money is, most of them wouldn't even understand how money is made and why it holds value, better to teach things like this to them when they are more ready to receive such knowledge so to speak.

Again, don't think it's inherently wrong but at the end of the day we're all for making sure the kids learn in the best way possible, especially for stuff like this, and what better way than to make sure they are able to absorb the knowledge, right?

People who have never been through it and don't have experience but like to come up with ideas and give advice to others. I think they are just trying to express their ego rather than wanting to give an opinion to help others, I think it's a bad idea for us to listen to opinions and advice from inexperienced people.

Like when someone has never invested in bitcoin and has only heard from many others but they give you advice, do you find it funny? Or like many topics in the economic board, many people are even dependent on their parents, many people are still struggling to make money to cover their daily lives. But they like to teach others to get rich, like to give advice to rich people and teach them how to spend money, do you find that unreasonable?

In my opinion, we should only give advice about what we know and have experience with, otherwise we should not give indiscriminate advice to others. Sometimes that advice even harms others.

I don't think this is worth it. And financial literacy boot camp doesn't sound so appealing to little kids either.

I don't know, I'm not an expert in child development, but there must be ways, more effective approaches and strategies, that would make children better in financial literacy when they grow up.

Surely, to instill in the minds of little children that living a simple life is good, is one way of preparing them for a meaningful adult life. Nowadays, little children are already taught by their irresponsible parents the kind of life that prioritizes material things, that attaches so much value to brands, that having the latest of everything is cool. How can their children grow up financially responsible when this is their upbringing?

Well I think this is a good idea for you to do for your kids. I think the age of 7 like you said is a good time for the youth to learn about finances. It is at that age when they can earn a allowance and learn about responsibilities. 

Because they must learn at some time they have to work and do not just get what they want. My 2 nephews are older then this but I think it is a good idea to teach kids about finances. What I want to know is how much is the cost for a boot camp like that.

Some people talk about Bitcoin without ever putting any of their own money at risk. But it's just ego and not knowledge. They repeat talking points and don't say anything useful. If someone is still living off of their parents' money, they can't give you good financial help. Real knowledge comes from having "skin in the game," or dealing with the ups and downs of the market yourself

Bitcoin isn't just a trend; it's a big change in the way money works. It needs respect, not judgment from afar. We need to build real relationships, not just echo bubbles. Talking about money, whether it's Bitcoin or something else, should come from having done it before. It's about giving something of value, not just saying nice things.  Shared events, not idle chatter, are what bring people together. It's not just about the money; it's about the deeper link between people that comes from understanding and caring

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I slightly disagree with your assessment, I feel one should know before the money arises. Lack of financial discipline is what makes several individuals who were once poor and become rich along the line! usually go back to square one of the same poverty all because they lack financial management and appropriation skills or mindset.

In my opinion, it is one of the taboos that must be avoided by everyone, teaching children about brands will make them become consumer individuals, of course teaching a simple life is better. The role of parents, especially mothers, in the development of children is very important, mothers are the first school for every child. In everyday life, all parents will teach their children about anything, including responsibility, I think indirectly they will also teach about finance. The most common example is in terms of giving pocket money for snacks, by training them to limit snacks sufficiently and save the rest is one of the lessons that will be remembered by children until adulthood. Every parent certainly has their own way or approach in understanding their children, they definitely want the best for their children.

As a kid, I think they are not ready for this, so assistance from us is needed if we are also serious about this matter. If it was only our kids that we want to teach about financial matters, then I think a financial boot camp is not necessary anymore. It can only be a waste of time and money. It's alarming if the kid is only focused on playing games. Even not learning more about finances but what about their studies? This should be corrected even though the parents did already a mistake there for raising a kid like this.

You said 'once they feel it'. I think this means that they are already mature enough or on the right age already, so even if we don't teach them, they can just do it on their own. They can still think that they are late already for this or have wasted some time and worse they might put the blame to us their parents, therefore it's always better to teach them at the young age. When learning stuffs, even though knowing their origin seems essential but some of them may not really be necessary. To know how to use them can be enough for a while. Many of us are not kids anymore but I bet that many are still clueless on how money is made but they don't feel any difficulties in regards to its use cases.

I believe it's going to be very helpful to give proper financial knowledge to your children but don't force them in anyway if they aren't interested.

It's better to go for that financial literacy boot camp route when you want your children to learn something new and valuable about finances. However, I guess for that a child should be at least 10 years or older.

I know that kids who are aged below 10 could also learn something about finance but I guess it's better to give them other education first and then financial education.

Your passion to educate children on Financial Literacy is amazing! While the bottom of that table suggests a lack of esteem for investors, learning about money at an early age by managing it can establish itself as another strong advantage when kids enter adulthood to comprehend serious topic and understand themes like earning...saving..investing...and spending. However, when you enroll them into a type of financial literacy bootcamp you are giving them an in-depth structured course on the subject that can make it both interesting and relatable. These lessons are most successfully strengthened when they become a more formal part of the educational system, including homework assignments like scholarships and goals for savings. This again can be supplemented with interactive, handson learning methodologies High-impact community and school-based services can help fill some of these gaps, although challenges around access to care remain. As a tool for investment, then, the return on financial literacy affords not only direct wealth and well-being to individual children but also enriches the social and economic status of communities. Your early recommendation of financial literacy is an early step towards ensuring our children have more financial literacy and a secure future. Encourage kids to start small with their financial goals and celebrate their progress. Building confidence in their money management skills can shape their lifelong habits and healthy relationships with finances.

With lots of scam and other online threats that possibly they encounter I guess this is really needed so that young individual will be protected to anything they could see especially that lots of temptation is spreading everywhere.

To many influencers now are spreading wrong information towards financial matters so its more better that they are equipped with good knowledge and understanding so they could figure out easily if the one they see are real or just a trap which put them in total danger. Right age to discuss matter is I think 12 and up since I guess this is where curiosity to explore new things start with those kids.

For teenagers who are still dependent on their families and still don't know how to make money, attending a financial boot camp will only increase their pressure. For 10 year old children, we just need to teach them how to save, the value of money...and can teach them those things through daily conversations. I think that would be better than throwing us into training camp and thinking that would be good for them.

The role of finance is extremely important, if not the most important, for an adult because everything in this society is measured in money. But for young children, they need more knowledge than just focusing on finances and we need to ensure they have a beautiful childhood.

Attending a financial boot camp may boost early financial knowledge for young minds but I don’t think it’s a necessary one. They can definitely learn proper management of finances from their parents at home, and teach the kids on simple saving and spending only on important matters and disregard the unnecessary ones. Parents are the role models for their children at home, so if they want the kids to learn the value of money, parents should start demonstrating it at home while these children are keenly observing them.

Correct. In most of country, financial education is almost zero. There are no institutes in which teachers taught the lessons of finance. In my country, most teenager don't know how to invest and where to invest the money?
That is reason of failure of our country. Our leaders are scamming in many things and political leaders are dominant on country and they didn't do anything for education. The future of my country is not bright,the reason is lack of financial education. India is progressing due to financial education and there are many leaders in Indian which gave direction to the students.

There is no level in one's life that the person won't touch certain amount of money, no matter how little. If you own little you need sound financial knowledge and management to build up that money to something big in the future. For those that will have lots of money already waiting for them before they finish college, they will still need financial knowledge and management to sustain the wealth and keep the wealth going from their generation to the next generation. So I don't think one have to wait to get a job or finish college before they learn financial management. If kids don't know the value of money when they are growing up, they will spend it recklessly as they are adults, because they don't know the value attached to money. So I think financial literacy for kids is a good decision to take.

How to manage money is one of the first things that a parent is supposed to teach a child it should be attached to their growth plan because some kids will grow up with proper spending management and the earlier they learn how to spend money because when a child gets used to spending money and there is no money coming through again how do you manage, because anything can happen anytime, and most of the issue of crime are because people can no longer get what they have been getting and it has been a challenge because when you are used to a particular lifestyle and it is no longer there coping is going to be hard. so even when they ask you for something even if it is available you should not give them or make them work for it so that they can know the value of money. and they will appreciate every single penny they have.

Yes, I also think that children need all type of education not only financial education. These days its essential to teach your kids yourself about the good and bad because the world is changing at so fast speeds and those times are gone when you could allow you children to learn at schools or academies.

I believe that best teacher for a kid is their father and their mother because they really try their best to protect their children from the wrong side of the society and in such case social awareness is also important these days. Once your children know good and bad then you may proceed to teach them about finances.

Yes, that's right. Financial literacy in children from an early age has indeed become a must, because it is important for someone to have the ability to organize and manage finances, so that they are able to make wise decisions in their lives in the future. Therefore, financial literacy skills are not only important for us as parents, but this intelligence also needs to be developed early on in children.

However, at the age of seven, of course this will make it difficult for children to understand heavy material, especially about finance, so it is not right if we force children to understand what they should not understand, let alone provide financial literacy training, so let them enjoy their childhood first. However, the basics of financial literacy must still be introduced as early as possible even though they are still seven years old so that this can make them accustomed to a good culture. the basics of financial literacy that must be taught such as introducing the meaning of money to children, telling them the benefits of saving habits, to teaching them to prioritize needs over wants.

I don't think this is necessary. Most things kids learn in boot camp don't grow with them to adulthood.
Financial literacy is good, but I don't think it's something that can be taught in theory, I believe it's something that is learnt practically. The parents play the biggest role in educating their kids on this. You use real-life situations to teach kids things. It's not something they learn once and it's over. It has to be continued. They have to know the importance of money, how difficult it is to make money, and how to always make sure the money they have struggled to make should yield more money. Kids of 10 years won't understand this, so you find a way for them to get it and you keep telling them in different ways are they grow up.
A financial boot camp for me is a waste of time for everybody involved.

Aside from schools and other learning institutions that will offer financial education to children, there is home where all types of education starts. And there are parents and older siblings that are capable to instill in their young minds the value of money and how it will be best achieved while growing up. So if this type of scenario will be applied at home, I guess this financial boot camp is never necessary at all. Yes, it can actually help but still the most powerful and big help are coming from the people around that surrounded the children most of the time.

I don't see anything wrong if we teach children about financial literacy; the only thing I don't understand is the boot camp that OP is talking about. So if we are going to teach the children about financial matters, we should also look at their capacity to  understand what we have to say.

It's hard because you only teach, and then you don't see that they learn from what we teach. Let's just remember that they are still children, and the majority of their thoughts are just playing.

I believe financial boot camp is still somehow needed because in some families even parents and siblings aren't enough knowledgeable about financial matters and in such cases it will be quite valuable for teenagers to join such boot camp.

I know that basic financial education is always thought by ones parents or siblings but when it comes to deep understanding of it then a teen should get encouraged to join a boot camp or these days it can be learnt by watching some good courses that are available. One can learn financial knowledge from home these days but still some guidance is needed.

Yes, i do agree with this specially if we do speak about those values that being taught in the home/house by the parents. Same goes with other potential education that could be thought.
Although its not something that be compared into those schools/institutions but at least they do already have that slight idea on what it is. Speaking about financial literacy then its not something that would really be hard
to be taught into our kids even with the basics but the more technical aspect then it could really be learned in school but at least they do already have the idea on what it is. It would really be just
depending on a certain parent or guardian on how they would really be doing things. There are really who are mindful and there are ones who doesnt really care and just let everything that school taught on everything.

Well it would really be that situational because not all will really be having those kind of insights towards thing. Wrong or right it wont matter because as a parent we do have our own ways on how we would gonna raise up our children as long we arent that teaching them bad things because as a parent then this would really be something our main priority. Whose parent would really be that wanting on teaching our kids
shit things or whatever those ideas? None right? The good thing that if these kids are really that being taught early then they do already have that kind of advantage whenever they do have those discussions
about on a certain thing.It would really be something situational.

It is still reasonable if we do not force them to understand what we teach about financial literacy because it is true as you said that children tend to only think about playing and they do not care about the future so it becomes an important role for us to be able to teach them slowly that financial literacy is quite important for their future.
And I think for parents it is not just a matter of teaching children but also having to set an example because in any case a valuable lesson for children is the behavior seen from their parents.

The best way to teach kids financial literacy is to take them with you to work for a whole day or even a week and show them how money are earned, then give them examples what they can do with earned money. But simply explaining kids how to invest, spend wise and for this reason organize a special camp for them, that is kind of showing only a final stage of a process. With "such" knowledge, they will grow up only as idea generators who does not know where to get first money. For little kids, the proper financial literacy is an explanation and showing example that money dont grow on the trees, and for their "I want", parents have to put a lot of effort.

I agree to this entirely, teaching children especially the young ones financial education is of great importance to oneself and the society at large, having read the book rich Dad poor dad,it's an eye opener that one should engage their kids in such financial literacy.
Over the years we've been adopting the old policy of going to school and learning managerial skills and all that why not we adopt this now and see how it unfolds and I bet it'll turn out Great.

You can choose to educate them in whatsoever way,like engaging them in a conversation of sort usually during eating at the round table just like it was illustrated in the rich Dad poor dad,that way your inculcating them the mindset and by taking it further you can choose to engage them in more lessons, tutorials and boot camp just as OP said.
I think if we adopt this system the upcoming generation and Young ones will do alot better with our lapses.

Studying at home or going to training camp is the choice of each parent, if they can directly teach their children, it is much better than sending them to a training camp. But as you said, many parents lack financial knowledge so choosing a training center or boot camp would be the solution.

I just see the issue we need to worry about is what age is appropriate for children to start learning financial knowledge. I support this idea, but I don't think that teaching finance as early as possible is better for them. At different ages, our brains have different limits and that is why the Ministry of Education has researched to come up with appropriate educational programs for each age group. So I want to know what age people think is the right age to start with financial literacy?

Depends on the kind of work though but if it is a kind of work inform of business like selling or giving out something in exchange of money it will really build them while glowing up. One of the smartest kids that I have ever seen are those who accompany their parents to do business, kids like this grows up with a business mindset and when it comes about management of money it is something they know how to better.

 If it is a kind  of work that is different from what I just explained it will make no impact in the life of the child, maybe an office kind of job. If you want to teach  your kids financial literacy you don't even need to stress yourself so much trying to teach them this, first let your financial lifestyle be good  example to them, then they will quickly grab the lifestyle of financial management.  
Children always want to learn and imitate the lifestyle of parents. If parents lack financial literacy it will be difficult for them to let their kids adopt the lifestyle.

Naah, I disagree with this impression of having the knowledge is pointless although to some point you might be right but I solidly disagree.
Most people are opportune to have the knowledge only but from the knowledge which they have they monetize them and make good fortunes from it, if you say have the knowledge of financial management without the money is pointless you also mean that people who had no bitcoin or cryptocurrency but are will to have the knowledge here and from signature campaigns they got the bitcoin and money which they never had before joining us here.

I believe no knowledge is a waste, so if you know how to manage money and you don't have money you can trade that knowledge for money, the world is not longer the same so knowledge brings opportunities now and money comes from the opportunities.

Being an example for kids is a must, but not always, when parents are wealthy, kids follow their footsteps. While parents worked hard their life to earn and become wealthy, kids will always have an easier start. In fact, such parents often say that they dont want their kids to work as hard as they did. And I would debate about children always want to imitate parents lifestyle. Specially modern kids. They are not used to difficulties. Nevertheless, from my point of view, the smartest kids are not those who accompany their parents in business, but surpass them in business.

Not that financial literacy is the first thing that a child must learn; there are other primary things, but parents know when is the right age to introduce financial literacy education, and it's not that it must be taught at once; it usually involves some experimental process, just like the example you gave. Sometimes too, you can give them pocket money and ask them to only spend half of the money for that day and spend the remaining half for the next time they want something for themselves, and by so doing, they will then understand the importance of saving and having a reserve for next time. 

Indeed, it is crucial to catch them young, at a young age their minds are sharp and can retain information better, so they should be prepared for financial independence and literacy. Teaching children early helps in the long run to assist in improving the economic stance of a country. Because some grown ups that don't know how to create wealth end up increasing the rate of unemployed youths. While those that don't know how to manage wealth end up misusing funds and causing societal havoc. So indeed equipping children with financial literacy so they grow into it, is a must responsibility for parents and adults around children.

Financial literacy can be said to be one of the main parts of our children's lives in the future. Especially in an era like today without money, we can't even live because everything must be with money. That is why good financial literacy is needed for children.

Because teaching financial literacy to children from an early age will be the first step in shaping their character as adults and that can happen because of habits. As previously stated, habits such as not wasting money need to be taught to children, when giving pocket money not spending it immediately must be accustomed to valuing every penny, getting them used to saving and buying what is needed not buying unnecessary items. Because this habit will affect and leave a mark on children until they are adults. Because the most effective age to teach financial literacy to children is when they are just starting to reach the age of 6-7 years and above.

Life is way harder when you climb up at some certain age that is the reason why if it a child is smart then it is a good idea that they get financial knowledge from their parents. Financial knowledge may not be only how to make money or showing them your nature of business it compromises the attitude towards having money and how to grow it. It also include making them understand see a brighter vision from just making money but being wealthy. What makes a wealthy man is the plans and goals he makes at some point in life in terms of diversification and investment. Such can be taught to a child because the world has gone so wild that kids at 18, 16, or even below makes lots of money from social media, playing games online, and other online means of making money. Would let your kid be exempted?

Initial financial knowledge from their parents and making up some more learning even more on the moment that they would really be knowing up something more when they do go to school or finish up their studes.
We do know that there are really learnings on which we could really be able to get from our parents on which its something that would really be depending on how our parents would really be that having that kind of responsibility when it comes into having these things specially on teaching up their children. We do know that there are ones who are mindful and there are ones who dont care but majority or usually of parents then they would really be thinking up on whats the best for their children from small until they would really be that become independent. We do know on how hard to live this world is considering that way of living
becomes even more expensive due to inflation and this is why its relevant or something that would really be that recommended that you should be letting do know at least as early as you could.

Although this isnt really that something mandatory but you could really be able to at least know or see on what are its advantages and what are its disadvantages. It would really be that impossible that
you wont really be able to see about its positive effect on the time that they are really be that wary at least on how things works and on how things being done on the right way.
Not only limiting to financial literacy but also in other things as well that we do have in this life.

Acquiring knowledge is something that can help us the little ones growing so they can keep getting skills in areas they are good at and how to monetize to make money for themselves. The way the world is moving , we might be very surprised that soon certificate would no longer be a qualification of getting a job. Things are becoming very easy now and the use of artificial intelligence is going to take the industry by should making many people to lose their jobs without having something better or jobs that would be able to pay their bills. In the next 10 to 15 years coming, we might not have so much human labour again because many people will not get employed because of AI robot doing almost all our jobs.

I do much believe in the saying that you lie on your bed the way you make it and what you teach a child early in life and he it she grows with it, it hardly departs from the child.

Financial literacy is one thing everybody should be interested in and imparting it in the young ones will help promote a future free from unnecessary financial mismanagement and financial irresponsibilities displayed by youths and adults alike.

The boot camp is a nice thing so they can learn among themselves and motivate each other to follow suit in the essential learning. Good luck with your project and I wish more parents buy into your Idea.

Catch them young is the new thing now, we don't have to wait until our kids are adolescent before we start teaching them about being financially responsible but still we have to allow kids be kids and not spoil their childhoods with so much serious responsibility. Allow the kids to play around but when there are opportunities to teach them impactful financial ideas, don't waste them but do the needful. Each kid should have an age that they begin to pick interest in things therefore there shouldn't be a general year to start teaching them but study your kids and you'll know when to start just as you do for the "the talk" (sex education).


That's the goals, the world is getting congested and without a skill you'll soon be of no value. The skills can be manual or of knowledge to use as an edge over others. Our kids should have skills in tech, crypto, forex and general financial education which will help them to understand life before it deals with them. We didn't have this privileges therefore we have to give to our kids if we want them to standout among their peers and the society at large.

One thing I see nowadays is that many parents tend to impose their thoughts on their children, they want their children to become the best and thereby force them to learn too many things for their age. And what's worse is that they don't take the time to communicate with their children and teach them in a friendly way. Instead, they throw them into environments like training camps, centers...I see many parents putting a lot of pressure on their children. 

A year ago, in my country, there was an incident that shocked the whole country when a 14-year-old male student wrote a letter to his parents before committing suicide. In the letter, he said that his parents forced him to study too much and always imposed their thoughts on him, not giving him any freedom or autonomy. That made his life unlike human life and he had to choose suicide to free himself.

Many selfish parents only think about their own feelings without thinking or asking what their children want and need at that age.

Not all the time, we have seen a lot of kids who do not know how money is made, they are just born rich and they feel like they will always be rich and when their parents are gone, they end up being very poor.

The sad reality is that too many parents who are rich, do not have time for their kids and they do not spend that much time teaching them the value of money, which makes them think that it's easy to make money and they will just do what their parents do and when they start the business world they bankrupt bunch of their companies. That's why it should be very important to realize that you are going to end up with making something difficult for the kids. I believe that teaching kids the value of money is very important for this reason.

I understand your point but Op point is quite reasonable to some extent too. If you pay close attention to the post you can see that he emphasize on the kids and it is clearly stated in the post title. Kids don't need job or money at that age. I think having knowledge on how to manage anything related to finance is very important to them before the arrival of job/money. The problem some of us find ourselves in these days is as a result of mismanagement of finance due to lack of financial literacy. Kids, if equipped with this knowledge at a young age even before they start relating with money is a great advantage for them to make good use of any money that comes their way.

I agree that teaching kids the value of money is important, but I think that parents should not focus much on it. Lets not forget that kids have childhood only once. Maybe let them enjoy that moment while they can, because they have rest of a life to spend working. Giving some basics is more than enough. Plus they will learn about money at school. I cant say that I find it wrong, but imho it is not ok when parents teach kids how to earn, how to invest, how to trade from very childhood. They program kids to think only about money. They program kids that money is the only goal of life.

All kinds of steps should be taken to help the personal development of young children thinking about the future, in which the independent movement and living of the individual will be safe and the economic development of the country will be ensured. I can say with certainty that this financial literacy boot cap may not guarantee jobs to people but it will help change the economic status of people and accelerate the economic dynamism of the country.

Well doing all of that is hard, so we just do empty chatter instead lol. I understand that building something good for our next generation instead of leaving it worse like our parents did could be a good thing, but that starts with some empty stuff first, so that we could grow bigger as a community.

Getting more people to do empty chatter is easy, getting people to sign up for putting kids into financial classes at early age is not easy at all. This would be a concrete movement and I agree that it would help everyone out, it will definitely benefit the whole world and we could make something change, it is not going to be that easy, we are going to have some trouble if we end up with anything that would be hard to handle.

What we need to do right now is just focus on how we could make an improvement on the situation itself, and if we can do that then we are going to end up with a good result without a doubt, we need to focus on that part. Make kids take these classes and we have a step forward, and it's hard to do that with direct action, we need to first talk about it a bit, get a bigger community and then we can start to actually find some people who would be willing to take that into action.

Financial literacy learning will usually educate the younger generation more in using money and in interpreting finances correctly and appropriately because it is indeed important for everyone from all walks of life to learn so that they do not make mistakes in using money and also to be able to help themselves from poverty because they do not know how to use money in life. Now in some countries it is still quite difficult to get a job unless there is an initiative to build jobs by ourselves so that things related to finance must really be learned correctly so that they do not continue to experience difficulties because of one or two wrong things.

This can be an indication for us to educate our children to have very good financial literacy. I think in the future even school will not be a necessity. Children will only learn the most basic things like reading, writing and arithmetic and the rest is a specialization in certain skills. I believe in the future specialist skills are more needed than general skills. In my generation in my country children were taught something that they didn't really need in their real life. This is why our role as parents is very, very important to introduce financial literacy.

Obviously, everything is taught in the house by our parents, and not in school as far as financial literacy or how to handle or money in the future. But still though, it's going to be very hard if we parents are somewhat in that paradigm that if we are born to have limited capacity, we can pass this to our children.

What I'm saying is that if we parents should learn from our past mistakes and those mistakes shouldn't be experience by our children. So how will we do it? Then change everything, tell our children to change their perspective of money and how to handle it the right way.

That's true. When it comes to basic finances, it's only right that we give awareness to children so that at least they become familiar with the importance of such things.
So that while they are young, they can see and know how to use it correctly.

And when they also see where it should and shouldn't be used, they can also be aware when they have money in their hands, whether it's a large or small amount.

That also includes basic learning for children when they are already familiar with money so they also need to know when they should use money and when they shouldn't. In addition, it is also necessary for children to know good places when using money because they also shouldn't use money in all places that can cause them to continue to rely on money for everything and that can also give bad results for them. I also quite agree with what you said because now there are many children who still don't know how to use money properly in more decent places.

Internet is now easy to be access by children and lots of unwanted things to be seen there. That's why its really good to introduce this to them while its early so that they would know those important things that they should consider and avoid any huge risk that can cause them to lose their money or put them on more difficult situation.

Social media creating to much issues now to young people and its good to open this important topic since somehow kids need protection especially that online scamming, wrong advertisement to get rich on casinos also other things frauds related to money matters is so rampant online. Children doesn't actually know how to protect their selves for said issues that's why its so good to equip them with proper knowledge so that they would know what situations or offers that they need to avoid.

If you look at social media today, you are going to find out that when people make money, what they do is they don't truly celebrate it because they made it to that stage, what they do is pure oppression and pressurized others that have not made it to where they are and if you look at the financial level of people that practice that show off, they are usually the people that are within the middle level, they are neither poor nor wealthy when the wealthy elite are building money lowkey.

When I have my own children, I will make sure that I'm a proud that because I will invest in them financially, educationally and open minded so they are not move by what people are doing, so they can think big when they attain a certain level of life, so they can become something I never even reach throughout my struggling life as a single person till I gave birth to them, this is not a post but a promise I'm making for them and it will be actualize.

I think this financial education of children will play a big role in increasing the financial capacity of a country or building a smart country. Because people are basically poor mainly due to lack of money management as you mentioned. So I believe that the real development of a country will happen only if we take this money management education from our family. Because when it is possible to teach a child about money management, he will use his money for development and play an important role in money production.

You want to enrich your country? then give them all of your money :D

It's bullshit a citizen want to support their country since citizen and government are two opposite group, citizen want to earn as much as they can while government want to take as much as they can from their citizen.

Do you know what's the reason government built public school and university? it's to make the citizen become worker to enrich the country.

Actually, this is like the title of the importance of financial literacy for children, so it's not a matter of having a job or not. But it's about how we as parents can teach our children the importance of financial literacy for their lives in the future. Actually, to teach financial literacy to children, there is no need for special training, but it must start from the parents themselves. Because financial literacy must be applied to children as a habit.

For example, when giving pocket money to children, we must teach them how to manage their own money. We can help children get used to not making unnecessary expenses and teach them the importance of saving. In addition to giving pocket money, as parents, we can also take advantage of moments in everyday life to teach children financial concepts. For example, when we shop at a clothing store, we can teach children to compare prices and choose cheaper but still quality products. This may be a simple thing but it will affect them in the future.

Well a look at, it won't be like forcing them and I don't support the idea of a boot camp for kids. Parents take or go or boot camp, then intentionally pass the knowledge to their kid. Financial planning and management I guess will make sense, just like they learn about science and technology designed for their understanding. They can also learn financial literacy designed for their understanding.
Also it should not also be a matter @what age the program should start. It should be working on it in the first place.
I believe it will be all fun for them also, just some complicated subjects they have been doing.

At the age of children, it is difficult to force teaching financial management, because their minds need some imagination, to adjust to their age, there is nothing wrong with teaching financial management but at least teach it gradually.

I believe education is a key metric every kid need in their life and there are ways anything can be broken down into tiny pieces for children to learn and understand. I have seen Bitcoin for kids in this forum and it was a book that contain some diagrams for them to understand what Bitcoin is all about, more that can be simplify for kids to learn and understand with attaching wealth to it, it's the future and better they know it before they become an adult.

As time goes on, the hard aspect of Bitcoin can be simplify for them to learn just like the way Learnmeabitcon.com did on his website, from beginner class to technical aspect and I must tell you, everything on that page looks self understanding. Similar thing can be done for kids but this comes with the government approval, without their approval it wouldn't be possible.

Children may like simple and straightforward resources. If they are provided with these resources, they can learn about a particular topic. In fact, I am against pressuring children to learn something. If children are curious about something, it means that they are interested in that subject and it is better to guide them in the direction they are interested in.

Education is important at any age, but the subject of education is more important. It may be more beneficial for parents to guide their children according to their curiosity.

yes that's right, Children should not be forced at a very young age. Financial literacy is important but it is better to be trained by parents themselves without having to provide special education. I think that early childhood is not yet the time to think about specific things but they interact more with games to train their motor skills. I once trained a seven-year-old child and he began to know about transactions and saving even though sometimes they forget what we teach them every day but in principle they slowly begin to understand that money is a very important object that must be guarded.

Learning up a particular topic would really be that ideal specially if they would really be knowing as early as they could but as a parent then it would really be just that right that we should really be that mindful
on how complex it would be on trying out to get in line into your kids age, because there would really be those information or things on which it would turn out to be complicated on the moment that you would
be explaining something into them. This is why it would be important that you should really be trying out to reassess whether it would be just that fine on telling them those informations at young age or not.
Because there would really be those things that instead that they are learning, they would really be rather seeing to be stressful just because they cant be able to understand it yet.

Therefore, it would really be that important as a parent on how you would really be trying to see those things. You cant really just that make yourself explaining or teaching something without even trying out to
consider whether it would really be on the appropriate or right time or not. We shouldnt really be stressing them out into the things that arent supposed to be teach about specially if they arent that still
on the right age or maturity but as we do all know that as early as we could then teaching them things will really be that appealing or something that ideal.

The key to a child lies in both parents. Children will grow up as well as their parents. Teaching how to form a good character in children. Being a parent requires patience in dealing with a growing child. However, parents must be close to them. Which is good and which is bad to choose so that the child will be better in the future. I always learn from someone and introspect which one I should take from the knowledge because the knowledge of individuals in society is very important

There's nothing wrong if you instill financial literacy for young children, but that won't create a huge effect on them, until they face the reality of financial aspects when their grown ups. Except if parents will take their part in educating their own children about saving their extra money and make wise decisions over their money. That way, they'll be train as early as now to be more responsible of spending their own money and save their money as much as they can.

Financial literacy can start from small things, such as saving in a piggy bank, setting aside change, allocating pocket money, and many other simple things, because children learn faster when they are exemplified directly by those closest to them. Enrolling them in a bootcamp just for financial literacy may be too much and I think it is ineffective, since children may not be too interested in such things and they may get bored quickly when they linger in such a place.

Agree with your opinion, young children must be taught to save from their pocket money, they set aside a little of their pocket money to save either in a piggy bank or in an account opened by the child's parents, while they can make savings at school which is managed by the teacher they are at school, in this way they can learn to respect money by not buying unnecessary and unimportant things so that they do not become wasteful at a very early age. By being taught to save from an early age by their parents and teachers at school, saving will improve. get used to it until they grow up, things like that are good to teach and apply to children at an early age, from when they were little they have enjoyed saving so that when they grow up they can become big businessmen or investors because they have been used to it from childhood to adulthood and it will also carry over their childhood habits.

I disagree that teachers at school must teach about financial literacy. Imo its parents duty to teach that, because kids live with them and they share unite budget. Usually teachers isnt most rich people, but if parents are wealthy, should teacher than teach kids to economize? Absolutely not, teachers should not interfere in family budget. Imo its parents duty to teach kids about money, how they are earned, how hard (or not) it is to earn and about variety of earning methods.

Yes, child literacy is very necessary for a child to learn how to manage money, especially at a time when money is often spent on useless things. At such a young age, a child can easily understand management, and with their own salary, they can become experts in it and be successful individuals. It is not wise to send your child to a boot camp to learn the basic skills of money management; in fact, they can learn it from their father at home, at no cost, and in a better, more practical way. The boot camp will only provide theory, but at home, the child can observe their father and mother and learn how to spend money and utilize it in a way that allows them to save for the future and manage their monthly expenses. Every parent has their own mindset and knows what is best for their child, but if you want your child to learn money management skills, then first show them how responsible you are and demonstrate some skills in front of them. This will be better affecting then a boot camp.

I agree that financial literacy can start from small and simple things. For example, teaching children to save with a piggy bank or managing their pocket money would be very effective in introducing the children to financial ideas. Children usually learn much better by personal example based on their parents and immediate environment. Going to a boot camp may seem excessive and there is a good chance that the child is not interested, or otherwise will soon tire of such formality. Typically, fun and practical approaches in daily life are more effective with them.


and indeed children's financial literacy should start at home, where they can learn from direct examples from their parents and model appropriate behaviors. Observing and being involved in daily money management: a more practical and real understanding than just getting theory at a training place. With parental guidance, children can learn this important skill.... naturally and responsibly

Kids are supposed to be learning other things apart from finance and business, they should be occupied with arithmetic, writing, vocabulary improvement and social etiquettes, but with the way the society is going in this generation teaching them about financial management won't be a bad idea because things are not what they used to be. it's better you introduce these things them when they are young so they can survive in this tough world that we are living in.

Maybe when our children are at an age that understands finances, we can provide financial learning to them in a way that is tailored to their interests. But we don't need to give them too much hard learning. We just need to teach the basic concepts and let them develop the rest while we guide them. I always want to teach lessons by providing experience. So the results can always be more effective. Because experience can always be immediately embedded in the memory of anyone who experiences it.

But at a fairly young age I prefer to let children play as much as they like and develop their real interests. Because only at maturity can they begin to be introduced to the financial world.

This is the thing never been told and teach to the young ones because at the early age it seems the ruling of the education have a system they need to follow I guess that's the another factor base on my experience it will be just teach on the subject related on it but not in general reason why there's some people who are illiterate how to handle their money properly. If that's the case you can teach your child basic savings and investment through out their growth you can guide them what they want to do so still they know at the early age the risk and the potential what people need so later on they will think to be as an entrepreneur.

But in the sense or in the right moment on which you would really be needing up to consider such as this. Telling or teaching them too early would really be pointless or useless since they cant really be able to understand it well not unless if they would really be that matured to understand things on which i do agree into those sentiments above or simply as parents then this would really be something our main consideration on the moment that we would really be having those kind of plans. Although it wont really be that always be that the same since there would really be those parents who would really be that loving on teaching up things as early as their child could be able to do so just because they are really that preparing them into the upcoming future that they would really be able to face up ahead on which this is something that we do wish for as a parent.

Preparations is something that you would really be needing up to consider. You cant really just that make yourself be confident that everything could really be learnt up along the way.
Sometimes there are really parents whom doesnt really care about as long their schools will really be that teaching into those things on which they should supposed
be teaching up with those certain lessons and other various things.

The role of parents is very important to help build children's development, especially in terms of finance. They can teach it from an early age, they don't have to do it but I think that's good to give them an example of how to manage finances well. Don't let us continue to teach them about how to manage finances and others, while we ourselves are a mess in managing it. Children will also at least imitate what they see from their parents. Because in some cases I see people who pressure their children, while they themselves are a mess in managing something. They prefer to make children as their investment assets that can guarantee them when they are old. I think if we can educate them well, even without being told they will be devoted to their parents.

Even though I believe children should be taught about finances and stuff, I don't recommend making them save money at that age. As a parent, your responsibility should only be to educate them, and if they learn from your lessons and start saving themselves without you telling them to do it, that's when you can realize that your teachings are effective and they are learning from it.

I agree with you on this. I also believe that it's not the responsibility of the school or the teachers to get into things such as finances with kids who are very young. It's understandable to have a subject for older children in high schools to learn these things, but for younger ones, their parents should give them lessons about anything extra that they aren't taught in the school.

I don't agree with you at all. If someone doesn't have a job or education, it doesn't mean that this person shouldn't be interested in money management. Imagine that such a person wins the lottery tomorrow, or receives a huge inheritance. If he is not economically developed, he will quickly become poor again, after a series of useless purchases. And this is a fact, history knows many such examples from life. And if such people are financially literate, they will be able to manage money wisely.

I agree with you that everyone must of course have skills in terms of financial management whether they have a job that has an income or not because no matter how much money is owned by someone who does not have skills in terms of financial management, of course the money they have will not be able to be used for things that will benefit them and it will certainly be able to easily make them poor.  However, if someone has the ability to manage their finances well even if they have a small income, of course they will be able to manage well and use what they really need.

I agree with you and honestly it is a really good idea. Financial literacy is very much needed by anyone even if they are not rich. I think all children need to be taught basic financial literacy. This is important because we don't know what the future holds for someone. As you said we don't know if in the future someone wins the lottery but because he doesn't understand the concept of sound finance then all he thinks about is how to spend money instead of thinking about how to earn more money. Or if someone likes to do business then financial literacy will really help him when he grows up.

Parents don't need to have financial literacy to make their children financially aware, if they are knowledgeable and understand that they lack financial literacy, they can use other sources to teach their children about it. Parents will always tend to wish that their children learn and be what they couldn't be, so if they are just aware of the fact that they need to teach their children something, they will always find a way to do that even if they don't know anything about it.

The problem is if parents are financially illiterates but they don't acknowledge this fact and they believe they are very good with finances, in that case, the children are going to have the same thing, they will be taught things that might be wrong to do or aren't the best things to do when it comes to finances. So, the most important thing is the awareness, they just need to be aware that they lack something and their children must not lack that like them, and they will work it out somehow.

Are you aware of the saying, "You can't give what you don't have? Some parents on their own cannot give their kids financial knowledge because they themselves don't have it, or perhaps they think they are okay the way they are.

Just like you said in the second paragraph, it's only when a parent acknowledges that they are financial illiterate and they don't know how to manage their finances that is only when they can either make sure they provide every possible means to make sure their kids are better, even if it costs them to pay for special classes that their kids will have to learn about financial management. But there are some parents who don't even acknowledge it and therefore don't  see it as a necessity for their kids to learn.

This is a good point because indeed we cannot provide a good condition in any case including in the issue of financial learning to children if we do not know and do not understand what finance is like so indeed in this case we must make us understand first before finally our children provide understanding to our children.

In addition, actually in this case every child will definitely do according to what parents do in any case because parents are the first teacher for children so that every behavior, be it treatment or actions that we do in everyday life, will be recorded and done by children.
If the parents do not understand how to manage finances and like to squander money (cannot run finances properly) then indeed the child will also definitely do things that will not be much different from what his parents do.

Well, if financial literacy if imposed earlier, I guess that will also bring a positive effect on the child. But  that's never enough to motivate him and guarantee that he will never be at some point of financial lapses or struggles. Experience in life is the best motivation. If he develops financial losses earlier that made him motivated to earn more and gain more, then most probably he will set that as a goal and do all the things to realize his financial goals.

I agree but also if they have no education most likely is that they never had access to proper financial education nor will they ever get one unless they actively seek out a financial advisor. It’s very common for poor people to lose the money they quickly gained due to exactly this: lack of knowledge. Some even do not know how to operate a bank account.

It is true what you said, about money management depending on their level of education, managing finances is indeed not an easy thing, but at least income and expenses, all of that needs to be regulated, making it the main thing, especially the impact that will arise if you cannot manage your finances.

Yes true, having this type of reaction to what you are dealing with no matter how much money you make will decide on your future and it's a very important deal. I know that a lot of people think that number one priority is to make a bigger income, which is not that wrong and you should focus on your income of course, but that doesn't mean that it ends there.

Just because you have a big income, doesn't mean you shouldn't learn investment properly, nor does it mean people with low income shouldn't learn investment since they won't need it, everyone needs to learn financial responsibility and management, no matter how much money they make.

A child who has known money and also knows the amount of paper money that he often holds every day does need education to be able to manage money well, which basically he also has to know about income and expenses at a certain level in his life. But for those who have not been able to earn their own money in their lives, I think it will be a little difficult to apply it because they still think it is easy to get money through their own parents. However, children who are still fully dependent on their own parents also need to be taught this even though they themselves are not used to applying it in their own lives.

In my country, there are many people from the previous generation who are illiterate but they know how to make money and know how to use money, which means they can also learn financial management even if they are uneducated. Financial management sometimes sounds very abstract and exaggerated, but it is actually simpler than we think. Anyone who has the ability to earn money and knows the value of money can manage their finances well.

Not all poor people lose money just because they lack knowledge or uneducation. Poor people only lose money when they are both ignorant and greedy. But a poor person can become a good financial manager if they know how to control their greed and realize that the world out there is not simple. People who have difficulty earning money will appreciate money more because they know that money is not easy to earn.
My parents don't know how to use a bank but they are much better at managing their finances than I am  ;D ;D.

Yea, like you said, parents are the first teacher and they can not teach what they don't have idea about, they can only give the knowledge they have. So, children will be at advantage to learn quickly from their parents if they have good financial knowledge.

I just found out now about financial literacy booth camp from this topic. This kind of training does not exist at my place, is this a common thing in Western countries?

When I checked it on Google and click on the first result that appeared, they have several classes which is for junior, teen, youth, women, family and business. Let's put aside family and business, since I believe we can picture what are the gonna teach there, but why it specifically has class for "women"?

In the modern world, financial literacy comes only to those who want to understand that money can work as a financial instrument: stock exchanges, exchange rate differences, investing - there are plenty of ways to do it so that you don't have to get up for work every day.
But still, the vast majority of people treat money very frivolously. They think that they need to spend all the money that ends up in their hands as quickly as possible.

School does not teach you financial mastery. Look at your parents. Though they lack fancy degrees, they are most likely killing your ass in the financial field. It's about actual decisions rather than theoretical ones. Money's about value, not only figures on a screen

Managing money is not about memorizing formulas. It's about choosing actions appropriate for your life and objectives. Screw those cookie-cutter strategies. Greed and ignorance? Those are the true death agents. You want something? great. But would you be able to afford it? Sort your wants against your reality. That is financial intelligence just there

The big picture is not seen with a diploma. You require awareness of yourself and flexibility. That marks the beginning of actual financial management

That's because they think that they should do it because the status of the world is uncertain. Even living in a peaceful nation is no longer peaceful because of the cost of goods are rising quickly and that's why we just live to work everyday and we eat to be alive. But it's true that if people will change their perspective towards money and on how they're going to deal with it, there's a very likely that they're going to see the difference out of those who knows financial literacy well and those that don't. And with kids learning it at a young age, they will going to bring that until they become older or will have some means to remember that in one day of their lives, they've been thought on how to be financially well.

It would be a great idea to put your child in financial literacy training so that they have a much more advanced outlook in thinking.
Independent children must be created because they are not born by themselves, how many children in this world are not independent and they always depend on their parents.
When they enter adolescence they do not have a direction to make money because their lives are too pampered.

But you also need to teach children at a mature age because children at a certain age must focus more on education so that the issue of finding finances becomes another stage that needs to be taught.
When it is too early to teach them to earn money, they will definitely not be interested in finishing school because they are used to and enjoy the money they earn.

As parents, of course, they are responsible for teaching their children about financial management and also telling their children not to spend the money they give them on things they don't need and if they don't need it to buy it, they can save the money their parents gave them, and when they have taught their children to save, the child will of course think first when they want to buy something and if it is not needed, of course they will not buy it. As a child, of course, they will continue to depend on their parents in terms of finances, so as parents, of course, they must teach their children gradually to be able to live independently according to their age so that when they are able to have their own income, they will be able to manage the income they have well.

It is not so formal because children will see the habits of their parents in managing finances and also educational factors at school or the environment will influence someone to be able to manage finances when they are adults and I think when it reaches that point there is no role for anyone else when the child is an adult and it goes back to the overall education given to the child to be independent and manage finances well someday. And I think this is not entirely the responsibility of the parents, it all comes back to ourselves because when we are adults we can make our own choices.

A farmer kids comes to his dad and says that he has learned from financial literacy, that tomorrow will be the best time to buy TSLA stocks, as the company plans next quarter to release new Tesla model. The farmer says ok, but first the kid needs to help mom to milk cows, clean pigs pen, feed chicken and he is free for the rest of the morning and can ride his bicycle with his friends, he has cleaned his BB gun so he can go hunting, and they need to catch fish at the sunset.

The moral of this text is - not every kids needs financial literacy, a kid must spend his childhood as the rest of the kids, as it is given once, and he has plenty of life to learn about finances. Kids know basics of financial literacy from playing "store and customers" and that is more than enough for them. They can learn the rest when they are teenagers, and not everyone needs to be a "white collar" when he grows up.

But I will tell you honestly that I do not believe that in the near future the overwhelming majority of people will suddenly try to become financially literate. It is we, the people of the cryptocurrency world, who are lucky that we were inspired, or our friends inspired us to improve ourselves.
But the majority of people in the world do not think about tomorrow. They do not care how they will live in a year, two, ten. But life goes forward and we will all find ourselves in the future.

I couldn't disagree more.  This is exactly why so many people struggle with financial management.  One of the things that is not covered in school is basic finances.  Going through grade school, high school and then college, I never as much learned how to manage a check book (which is mostly a thing of the past now, but point is still the same).

As a parent you should be teaching your kids basic finance early on, as it will prepare them greatly for down the road.

Right now I would recommend "Rich Dad, Poor Dad" to all children. It is definitely a useful book, because even the title says that this literature by Kiyosaki is designed for people who are not initiated into matters of financial literacy, including children.
And it is written in an easy language, which experienced investors will even find a little boring and too much of a study of simple financial phenomena.

I have also found something like that in my life today where there are some poor people that I found who can't operate their bank accounts after they created them with the help of others (the bank). And after I investigated it turned out to be true as you said that most poor people often do not have a good level of knowledge in the financial field so they often cannot earn money in a smart way and also cannot use money wisely on things that are so important. However, I also do not deny that at this time there are some poor people who have succeeded in becoming rich after they learned more important things in their own lives.