Financial Literacy for kids

[Cheema02]

Those who can manage their finances properly can save their families from poverty, lack and debt. Every person needs the most financial education which reduces their chances of making mistakes in the future.OP I agree with what you said that children should be given financial concepts from the age of seven or above. Because every child learns to understand from the age of seven. And from this age, the habits they form will be permanent on them. In this case, every school should provide financial education as a basic skill along with education in various subjects. The sooner children receive financial education, the more responsible and aware they will become. Every parent should give importance to their children's financial education

Your thought is very realistic about financial education and its true that financial education have importantnce as the compulsory subject and not the optional ones because it is necessary for a secure life. Many individuals makes a lot of money but when they understand how to manage finance in a right way they can protect there communities from poverty and build a financially stable community. We should learn our children about finance early from about six to seven years age and teach them with real example in this way they built a strong mindset. Schools should add finance subject as a basic subjects because money management is necessary for life and financial literacy helps children to become a independent adult.

[silpersurfer]

Teaching financial literacy should be initiated at an early stage, however, in reality, it is not easy and rather burdensome to children. The notions of money, management, and long-term planning are too abstract for kids to grasp fully. Consequently, though the intention is noble, the approach ought to be very keen so as not to mount pressure on the child.

To me, the most important thing should be to teach the children discipline. If children learn to keep discipline in time and responsibility and simple rules, that foundation will bear great fruits for them in the future. Children who have developed good self-discipline tend to better control their desires, have more patience, and make decisions wisely. From this, healthy financial management later on tends to flow naturally as they become adults. Yes, indeed, financial literacy is very important but compared with self-discipline, it is not more important as a foundation.

[alastantiger]

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 literacy is an important life skill that should be taught to children from an early age because when kids learn about money early, you know, how to earn, save, spend, and make simple financial decisions, they basically grow up more confident and responsible with money. children are at a stage where habits are formed easily, and learning about finances also supports their overall development by teaching discipline, decision-making, and responsibility.

Also introducing financial education early helps children understand that money is a tool, not just something to be spent immediately. They begin to learn patience, goal-setting and the idea of delayed gratification, which are important life skills beyond finance. This early exposure reduces the chances of financial mismanagement later in life and helps children develop a healthier relationship with money, free from fear, confusion, or pressure.

[GiftedMAN]

There are some certain things that shouldn't be deprived of a child and that's the fact that they need to play and actually do children stuffs too today is filled with so many things to even counter that stage of a child so it's better that they get acquitted to all this skills at the early phases of their life and they can be introduced to this stage via children songs or activities to make it blend properly.

Children are very inquisitive and open to learning all kinds of things, especially when they’re at a very tender age, which is why it’s important to know what and what not to expose them to. Yes they learn quickly at this stage which is why exposing them to some degree of information may be harmful rather than helpful to them because they lack the mental capacity and exposure to relate to those information and see them for what they really are. But there are some vital things that one must teach them, financial literacy inclusive amongst others, so that when they grow up, it wouldn’t be all new to them, especially when they’re start facing real life problems that requires financial literacy.

[Emeraldo]

There are some responsibilities that are left to the parents of a child alone at least to creat a foundational knowledge for the child before exposing them to the world at large because you can not be 100% certain of the qualities of what they are going to be exposed to so it's better you give an established foundation before exposing them to the world at large.
Children in there quest for getting knowledge are always very sensitive and easily adopt every knowledge passed unto them that's why in there questioning stage you have to be careful what information you passed on to them because they hold it for a fact.

[bitzizzix]

Implementing financial literacy for children is not easy, but it will be easier if we consistently strive to teach them as early as possible, patiently, and over an unspecified period of time.
Children don't yet understand the importance of money in life. We must teach them the benefits of money and how to earn it so they can appreciate it, because earning money requires work and effort, something children should understand as early as possible.
And children must also know and be taught not to buy things they don't need and to save any money they receive if there is any left over. This isn't easy, but if we consistently remind them and ask about it, they will become accustomed to it and develop it. As they grow older, they will continue to improve their financial skills, which will benefit them as adults.

[Arenga pinnata]

Teaching financial literacy should be initiated at an early stage, however, in reality, it is not easy and rather burdensome to children. The notions of money, management, and long-term planning are too abstract for kids to grasp fully. Consequently, though the intention is noble, the approach ought to be very keen so as not to mount pressure on the child.

To me, the most important thing should be to teach the children discipline. If children learn to keep discipline in time and responsibility and simple rules, that foundation will bear great fruits for them in the future. Children who have developed good self-discipline tend to better control their desires, have more patience, and make decisions wisely. From this, healthy financial management later on tends to flow naturally as they become adults. Yes, indeed, financial literacy is very important but compared with self-discipline, it is not more important as a foundation.

Teaching discipline must be prioritized from the very beginning. because that is what will shape the child's personality in all aspects, including finances, as you said.

Another important aspect is teaching good morals. That way, they can become honest and good people. When combined with discipline, they will become good people who are also very disciplined in managing their finances. They will definitely be very careful and not become people who tend to splurge, because they will realize that it is better to use money wisely on things that are more beneficial in the long run.

[puloweh555]

Teaching financial literacy should be initiated at an early stage, however, in reality, it is not easy and rather burdensome to children. The notions of money, management, and long-term planning are too abstract for kids to grasp fully. Consequently, though the intention is noble, the approach ought to be very keen so as not to mount pressure on the child.

To me, the most important thing should be to teach the children discipline. If children learn to keep discipline in time and responsibility and simple rules, that foundation will bear great fruits for them in the future. Children who have developed good self-discipline tend to better control their desires, have more patience, and make decisions wisely. From this, healthy financial management later on tends to flow naturally as they become adults. Yes, indeed, financial literacy is very important but compared with self-discipline, it is not more important as a foundation.

What you say is true. We can't just teach children about financial literacy directly it must be instilled in them from their age and done gradually. It must start with teaching them discipline, morals and understanding the difference between wants and needs. This must be taught from a young age because it will form habits later in life. If we teach them about saving they won't spend 100% of their allowance on future purchases or we are indirectly teaching them to postpone their desires for bigger goals in the future.

In principle as parents we must understand the importance of educating children about financial literacy and the stages at which they should be taught so they can easily understand and grasp it. Because as you said, it would be pointless if you as a parent, teach a child about investing when they are still 5 years old. So, the level of education must also be considered based on the child's age.

[Royal Cap]

There are some responsibilities that are left to the parents of a child alone at least to creat a foundational knowledge for the child before exposing them to the world at large because you can not be 100% certain of the qualities of what they are going to be exposed to so it's better you give an established foundation before exposing them to the world at large.
Children in there quest for getting knowledge are always very sensitive and easily adopt every knowledge passed unto them that's why in there questioning stage you have to be careful what information you passed on to them because they hold it for a fact.

No matter how hard parents try, the world is no longer as safe as a laboratory, So it is not enough to just teach knowledge but also to gradually give the opportunity to make mistakes, because many times people learn the most from their own experience. But yes the words they hear at a young age are deeply embedded in their minds. So it is important not to instill fear but to explain the reality in a simple way, I think the most humane responsibility is to show the way from the side, not to hide the child from everything.

[BlackBaron]

Home is the first school for children and parents become the first teachers for children as well. So at home children must indeed be equipped with any literacy foundation, one of which is financial. It is the basic foundation before they get to know the wilder outside world. Because there is no better time than when they are children, after adulthood they will get a lot of information from outside.

So when the foundation has been formed, then they will be able to better determine the steps that are good for them. Although in the end they fail or do not match what their parents taught them in terms of finance, but at least the parents have equipped as much as possible.

[bisdak40]

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 literacy is an important life skill that should be taught to children from an early age because when kids learn about money early, you know, how to earn, save, spend, and make simple financial decisions, they basically grow up more confident and responsible with money. children are at a stage where habits are formed easily, and learning about finances also supports their overall development by teaching discipline, decision-making, and responsibility.

Also introducing financial education early helps children understand that money is a tool, not just something to be spent immediately. They begin to learn patience, goal-setting and the idea of delayed gratification, which are important life skills beyond finance. This early exposure reduces the chances of financial mismanagement later in life and helps children develop a healthier relationship with money, free from fear, confusion, or pressure.

Yeah, teaching the kids at a young age about financial literacy is a good way to help them manage their finances well which will become useful as they get older when they earn money. They will also know the value of money where they will not spend it on anything useless and they will have a grasp on the financial situation today. Financial bootcamp is a good way and also we parents teach them also on our household.

[btc78]

Teaching financial literacy should be initiated at an early stage, however, in reality, it is not easy and rather burdensome to children. The notions of money, management, and long-term planning are too abstract for kids to grasp fully. Consequently, though the intention is noble, the approach ought to be very keen so as not to mount pressure on the child.

yes kids are just all about playing and having fun and if we put too much pressure on them to learn financial literacy they will see this as a responsibility they don’t want to have so maybe make it fun and less serious than it actually is and maybe they’ll even have fun learning about it

[Cheema02]

Teaching financial literacy should be initiated at an early stage, however, in reality, it is not easy and rather burdensome to children. The notions of money, management, and long-term planning are too abstract for kids to grasp fully. Consequently, though the intention is noble, the approach ought to be very keen so as not to mount pressure on the child.

To me, the most important thing should be to teach the children discipline. If children learn to keep discipline in time and responsibility and simple rules, that foundation will bear great fruits for them in the future. Children who have developed good self-discipline tend to better control their desires, have more patience, and make decisions wisely. From this, healthy financial management later on tends to flow naturally as they become adults. Yes, indeed, financial literacy is very important but compared with self-discipline, it is not more important as a foundation.

Your piont is very realistic about teaching financial literacy and its essential to teach it at an early age to children but in real time its very difficult task. Its tough to teach about money management, long term investment and saving to young minds. But it can done by creating intentions about money management in children at early age without putting any pressure. The best thing to teach children is self decipline according to my observation's and we can do it through teaching time management to children's. With this quality childrens perform well than others and have controlled impulses and make thoughtful descions. So the learning point is that no doubt financial literacy is essential for learning but also along with this self decipline is more effective skills to learn.

[eightdots]

Teaching financial literacy should be initiated at an early stage, however, in reality, it is not easy and rather burdensome to children. The notions of money, management, and long-term planning are too abstract for kids to grasp fully. Consequently, though the intention is noble, the approach ought to be very keen so as not to mount pressure on the child.

To me, the most important thing should be to teach the children discipline. If children learn to keep discipline in time and responsibility and simple rules, that foundation will bear great fruits for them in the future. Children who have developed good self-discipline tend to better control their desires, have more patience, and make decisions wisely. From this, healthy financial management later on tends to flow naturally as they become adults. Yes, indeed, financial literacy is very important but compared with self-discipline, it is not more important as a foundation.

Your piont is very realistic about teaching financial literacy and its essential to teach it at an early age to children but in real time its very difficult task. Its tough to teach about money management, long term investment and saving to young minds. But it can done by creating intentions about money management in children at early age without putting any pressure. The best thing to teach children is self decipline according to my observation's and we can do it through teaching time management to children's. With this quality childrens perform well than others and have controlled impulses and make thoughtful descions. So the learning point is that no doubt financial literacy is essential for learning but also along with this self decipline is more effective skills to learn.

Teaching children about a subject isn't easy and requires patience. If you show that patience, your children will be better prepared for the future. One of the most important things for the future is financial literacy. Children who are knowledgeable about financial literacy manage their finances better and learn to make rational decisions. Sometimes this is a time-consuming process for children, but it ultimately leads to beneficial actions.

Teaching children to make long-term decisions is perhaps the most difficult task. To teach this, you must set an example for them with your own behavior. Children emulate their parents' behavior and try to act like them. Therefore, when teaching children financial literacy, you should also have developed yourself in this area.

[Mate2237]

Exposing our young once to learn about financial education and management of resources is a good one because what you have to know is that children get used to what they are exposed to and what they hear constantly. So there is a very great need to make sure that our children grow up with the necessary financial skills that will help them to face the reality of Life.Even though I will not subscribe to the idea of taking children to camp meetings just to learn about financial management but we can on our little ways do things that will consciously remain our children of the need to have a good financial management skills.one of such ways is buying books related to financial education and making them to watch television documentaries related to financial education.



The problem is that most of the parents that we have are not even financial conscious enough to be financially responsible so in such case , there is nothing that such parents will offer to their children.

[AmaGold70]

Children financial literacy is very necessary and of a truth, children that are exposed to financial literacy or are educated on the principles of finances tend to do better financially when they grow up than those of them who are not enlightened on the principles of finances. Today, you see many young people and even adults who are supposed to do better financially but they are not actually doing well, not that they haven't gotten any opportunity that would have changed their lives financially, but the reasons being that they lack financial technical knowledge and doesn't know how to manage their money.