Financial Literacy for kids

[ndutndut]

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.

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

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

[Obulis]

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.

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

[Albarq]

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.

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

[Cookdata]

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

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

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

[eightdots]

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

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

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

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

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

[$anounimus$]

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

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

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

[dunfida]

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

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

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

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

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

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

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

[irsykes]

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.

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

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

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

[Finestream]

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.

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

[retreat]

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

[Mr.sprin]

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

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

[bakasabo]

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

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

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

[JunaidAzizi]

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

[Akbarkoe]

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

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

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

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

[Su-asa]

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.

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

[Jatiluhung]

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

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

[Peanutswar]

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

[milewilda]

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.

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

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

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

[Jody.Drummer]

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

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

[dezoel]

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

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

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

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