Financial Literacy for kids

[Zoomic]

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.

[Mr.right85]

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.

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.

[stadus]

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.

[passwordnow]

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.

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.

[Stepstowealth]

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.

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

[Richbased]

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.

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.

[Mame89]

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.

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.

[sunsilk]

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.

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.

[Iranus]

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.

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

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.

[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.

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.

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.

[CageMabok]

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.

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.

[tabas]

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.

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 "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.

[Distinctin]

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.

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.

[YOSHIE]

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.

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.

[Dr.Bitcoin_Strange]

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. 

[Fortify]

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.

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.

[South Park]

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 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.

[Egii Nna]

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. 

[indah rezqi]

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 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.

[Webetcoins]

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.