Financial Literacy for kids

[MarissaLopez]

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.

[Helena Yu]

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.

[Fiatless]

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.

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.

[Yucky]

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.

[legendbtc]

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.

[shield132]

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.

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...

[kryptqnick]

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.

[avp2306]

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.

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.

[Spaceman1000$]

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.

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.

[Eternad]

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.

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.

[SmartGold01]

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.

[peter0425]

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.

[DaNNy001]

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.

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

[hyudien]

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.

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.

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.

[Sim_card]

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.

[serjent05]

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 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.

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.

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.


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.

[eightdots]

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.

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.

[topbitcoin]

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.

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.

[SuperBitMan]

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.

[Antotena]

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.

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.