Teach Children Financial Education

[Rockstarguy]

Over the years,and now the percentage for education have increased massively and it is being taught in school mostly but the subject or topic FINANCIAL EDUCATION and how to go about it is muted.Why?? And I believe strongly that most rich have been able to bring up the topic at home and they expose it while they are on a round Table..
We are in a fast paced Global world now that everything is  changing rapidly,regardless financial education should be introduced as a topic or a knowledge to be empowered to the children while growing up.Like me.now,as a woman while bringing up kids..I'll make sure I give them the basic highlights of the knowledge on Financial education to my kids in order to groom their mindsets and everything so they will get the knowledge on how to tackle issues relating to that.
With this it will inculcate a nurtured desire and also financial stability and build them to be financially inclined from tender age.and I advice it should be utilised  and implemented.

You don't even need to do this as if you are teaching the kids economics.   The best way for this is for parents to teach their children to have the habit on expending wisely and not on irrelevant things.  If children can be able to use money on things that are important they wo/ have problems on how to manage money , make savings when they grow up . Teaching children how to be discipline with money at Early stage will help them a lot as they start making their own money.

Parents are discipline in the way money is being spent and if parents have the habit of saving money,  it is not necessary to start giving the children financial education,  they will definitely  learn from the life style of their parents how money is managed.

[Kavelj22]

Pretty tough to be wanting parents to teach their children proper financial education, knowing that a lot of parents don't even know how to simply budget. Hence why it's necessary for financial education to start at ages 16 or so at school.

On this basis, adults must be forced to master the basics of financial education as a prerequisite for marriage, since they cannot be prevented from having children outside of marriage.

Forced you say! How is this going to be checked if I may ask you, who would be doing the checking and what makes you think there won't be corners to it?
Anything born out of force won't work and people could actually pretend for a time being until what is in view is archived and afterwards, they are right back to there ways of lavish lifestyle.

You may not understand me well my friend.
This is only an idea and I know that it cannot give the required effectiveness since children can be born out of wedlock. The solution may not exceed the intensification of awareness campaigns for adults who have children to teach them ways to control the budget. Churches and places of worship can help implement these campaigns as well. Apart from this, the inclusion of financial education in the official educational curricula may not give the required results because each child has his own financial circumstances, and therefore I find it better that the educational role be entrusted to the parents.

[Naficopa]

You may not understand me well my friend.
This is only an idea and I know that it cannot give the required effectiveness since children can be born out of wedlock. The solution may not exceed the intensification of awareness campaigns for adults who have children to teach them ways to control the budget. Churches and places of worship can help implement these campaigns as well. Apart from this, the inclusion of financial education in the official educational curricula may not give the required results because each child has his own financial circumstances, and therefore I find it better that the educational role be entrusted to the parents.

This is very important many skill which are needed in the practical life are not taught in school
We take the degree and leave the school and start learning the practical life that what  we have learnt in the real life is of now use to in the practical life.

[passwordnow]

I guess the basic education system that was made got some contribution from the rich people as it teaches a student to finish school to have a better job and unlike the mindset of the Chinese people, finish or not finish, they should have a better business instead of a job.
When I was taught about some finance related lessons by my parents, it's just all about putting up a savings account and that's it. As I grew older, I've come to realize that managing finances is very important. Because even if you're earning a lot but you don't know how to spend, save and invest properly, you're going nowhere. I'll also teach my kid on how to save when she understands a few things about life but not for now.

[Ripe_berry]

Financial education in indeed necessary to inculcate at a prime age because it will help children understand and use their financial skills effective both in management, budgeting, saving, investing and also in giving. But I think this financial education is imbibed in most subjects taught in schools such as economics, accounting, business studies, social studies and well as civic education.

[mm2543363580]

Financial education in indeed necessary to inculcate at a prime age because it will help children understand and use their financial skills effective both in management, budgeting, saving, investing and also in giving. But I think this financial education is imbibed in most subjects taught in schools such as economics, accounting, business studies, social studies and well as civic education.

Teaching child their financial freedom is very important
When they are done with school they realize that school didn't teach them what they needed to learn from there - some parents make an effort to teach their kids the skills other do not bother at all.

[BADecker]

The problem is that most people don't understand what modern money is all about. So, they can't teach it to their children. Go to this page to start to see the part that most people don't know. - https://bitcointalk.org/index.php?topic=5414658.0.

[Gosgosking]

Financial education will really help kids in planning in making investment. Most young people think cryptocurrency makes one to be rich but if financial education is giving to our young ones they will understand before starting cryptocurrency investment they need to build cash flow, like having a job or someone else.

[Naficopa]

Financial education will really help kids in planning in making investment. Most young people think cryptocurrency makes one to be rich but if financial education is giving to our young ones they will understand before starting cryptocurrency investment they need to build cash flow, like having a job or someone else.

many practical lessons are not been taught at the school - I am very bad with numbers - I still don't add or  subtract properly
I have no shame in admitting that I am poor with numbers - but credit goes to my teacher who made maths so horrible for me

[Iroh]

Financial education will really help kids in planning in making investment. Most young people think cryptocurrency makes one to be rich but if financial education is giving to our young ones they will understand before starting cryptocurrency investment they need to build cash flow, like having a job or someone else.

many practical lessons are not been taught at the school - I am very bad with numbers - I still don't add or  subtract properly
I have no shame in admitting that I am poor with numbers - but credit goes to my teacher who made maths so horrible for me

There’s no shame in admitting that you’re not good with numbers and can’t add or subtract properly but I don’t think you should solely credit your maths teacher for that.

Although I’m yet to meet anyone besides a wee little baby who can’t add or subtract properly(perhaps you meant you’re slow in calculating?)you should know there are folks who just don’t like maths and aren’t good in it.
It’s never too late to prove to your maths teacher that you can do it!

[Queentoshi]

We are in a fast paced Global world now that everything is  changing rapidly, regardless financial education should be introduced as a topic or a knowledge to be empowered to the children while growing up.

Financial education is very important for children now because the economic conditions theses days are very unpredictable. The earlier they have an idea, the better. But don't get too strict with them in teaching them, they are still little children and should be permitted the freedom to explore their childhood. Important topics like savings, investment and even cryptocurrency should be introduced playfully in a way that is suitable for kids so that their interest will be sustained. If you do not know how to teach, find resources, materials or an individual that can do the job because these topics are usually not treated in schools.

[BADecker]

Teach Children Financial Education


... But be careful. It's difficult to un-teach it if you teach it wrong.

[mm2543363580]

Teach Children Financial Education


... But be careful. It's difficult to un-teach it if you teach it wrong.

that is true - some of the skills they inherit from their parents.
They too copy their adults and also the daily routine and attitude of the parents create their mindset

[Masplanc]

Teach Children Financial Education


... But be careful. It's difficult to un-teach it if you teach it wrong.

Age to teach children financial education matters a lot because children been exposed to money can affect them negatively as they grow up. Their are some children that were exposed to money at early age that it later became problem to them. They try to get money by all means .

[BADecker]

Teach Children Financial Education


... But be careful. It's difficult to un-teach it if you teach it wrong.

Age to teach children financial education matters a lot because children been exposed to money can affect them negatively as they grow up. Their are some children that were exposed to money at early age that it later became problem to them. They try to get money by all means .

For little children, simple trading of toys is money. Or winning marbles. After all, consider cards - poker - playing for matches or toothpicks. They are all money when traded.

Why limit the idea of money to "paper" that has to do with banks? Bitcoin is money that is there to teach people that money can be anything that can be traded and has value or perceived value.

If children were taught at an early age that anything can be money, and that money is tied to value, they would have a head start in life. It's like "buy low, sell high" with the added point that buying should be trading rather than cash and cards, only.

[Masplanc]

For little children, simple trading of toys is money. Or winning marbles. After all, consider cards - poker - playing for matches or toothpicks. They are all money when traded.

Why limit the idea of money to "paper" that has to do with banks? Bitcoin is money that is there to teach people that money can be anything that can be traded and has value or perceived value.

If children were taught at an early age that anything can be money, and that money is tied to value, they would have a head start in life. It's like "buy low, sell high" with the added point that buying should be trading rather than cash and cards, only.

All this things are good for children.  But the most important thing is for parents to go about it in the right way. Children always care about their needs and when they understand that they can achieve it with money it becomes a problem that they will target how to get money from their parents.

[mm2543363580]

For little children, simple trading of toys is money. Or winning marbles. After all, consider cards - poker - playing for matches or toothpicks. They are all money when traded.

Why limit the idea of money to "paper" that has to do with banks? Bitcoin is money that is there to teach people that money can be anything that can be traded and has value or perceived value.

If children were taught at an early age that anything can be money, and that money is tied to value, they would have a head start in life. It's like "buy low, sell high" with the added point that buying should be trading rather than cash and cards, only.

All this things are good for children.  But the most important thing is for parents to go about it in the right way. Children always care about their needs and when they understand that they can achieve it with money it becomes a problem that they will target how to get money from their parents.

as I read above - and still it is on my mind.
Someone said - be very careful in teaching the kids anything - because it will be very hard for them to unlearn it.
I totally agree with it. Think before you make a move and you make it - just stay firm

[famososMuertos]

First of all, to involve the topic of social differences is to start with archaic, provincial thoughts, etc. Let's start teaching with everything that is possible in terms of training, not only finances, general culture is as valuable as any particular thrust of training, it especially in the youngest, in any case what we think we know does not always turn out well, a person with resources can be just as bad at teaching as a person with limited resources or vice versa.

More than half of the richest men according to Forbes started with no money or financial training, that doesn't tell us anything in the specific of the topic, but at least it serves to realize that an ideal financial formation is not necessary to obtain success, if we point out successes in life measured in billions.

In any case, with how simple an allowance is, any parent can always start there, the children always want to spend the entire allowance.

[Sanitough]

Pretty tough to be wanting parents to teach their children proper financial education, knowing that a lot of parents don't even know how to simply budget. Hence why it's necessary for financial education to start at ages 16 or so at school.

Well, as a parent, your teaching will not be effective because you should serve as a role model to your kids. Otherwise, they will also follow what they used to see from their own parents. Since kids these days are keen observers, then teachers and parents should always act the proper way so that the children will learn from them eventually particularly in wise spending and using of money so that they will come to understand the value of money.

[Desmong]

it's quite difficult to be able to teach children financial education from an early age because at that age they shouldn't be managing their own finances.. but basic knowledge about finances for teenagers should not be a problem.. and moreover, we also have to be able to manage our finances so that later these children can learn from how we manage our own finances, in addition to the basic knowledge they have gained

I don't see anything difficult here which can be like a normal way we things our children how to ready and read multiplication tables. We don't need to relent but take the bold step to teach children how to save and financial education so that they can start learning about finally means of making money and how to save. We should do this and see the outcome that we will see so far.