Financial Literacy for kids

[Dailyscript]

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.

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?

[Lanatsa]

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.

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.

[Wakate]

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.

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?

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.

[DubemIfedigbo001]

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 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.

[CryptopreneurBrainboss]

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.

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).

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.

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.

[Minor Miner]

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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.

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.

[beerlover]

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 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.

[knowngunman]

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 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.

[bakasabo]

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 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 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.

[MissNonFall9]

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.

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.

[el kaka22]

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

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.

[Fara Chan]

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.

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.

[Hanadawa]

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.

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.

[Kemarit]

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.

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.

[benalexis12]

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.

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?

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.

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.

[CageMabok]

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.

[avp2306]

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.

[Huppercase]

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.

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.

[MissNonFall9]

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.

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.

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.

[Plaguedeath]

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

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.