Financial Literacy for kids

[obuoma]

Financial literacy is a very important quality that children we must strive to inculcate in them. Such knowledge can get them started in life very early while their mates are not even aware of any means of generating and growing money. The best part of it now is that we have Bitcoin to teach our children from childhood. Such children will start building their Bitcoin portfolio when they are still in school and have not ben saddled with too many responsibilities. Beside Bitcoin, there are other areas that children can be guided to learn and make their lives better.

[blockman]

there are other areas that children can be guided to learn and make their lives better.

Teaching them with how life is, they'll have an idea on how the adults work and what we're dealing with. And that's preparing them when they meet that somehow in their process of growing up. While we don't have to teach all of it to them, they'll adapt and learn things on their own with how they manage their finances. The literacy that they will have will also matter on how they're very open to it when their parents are teaching it. It's hard to let them know the basics through other people and so, as a parent we have to teach them how the usual things like earning, saving and investing through simple techniques and explanations.

[rangga28]

Financial literacy is a very important quality that children we must strive to inculcate in them. Such knowledge can get them started in life very early while their mates are not even aware of any means of generating and growing money. The best part of it now is that we have Bitcoin to teach our children from childhood. Such children will start building their Bitcoin portfolio when they are still in school and have not ben saddled with too many responsibilities. Beside Bitcoin, there are other areas that children can be guided to learn and make their lives better.

I think it would be difficult for children to learn about Bitcoin or other complex financial systems. Children's mindsets need to be adjusted, and they should be taught gradually at school until they reach higher education. I believe that teaching children about saving and taking them to the supermarket to see how they choose items can be a way to directly monitor their behavior without overly complex theories.

[IronRubleS]

I sincerely believe that educating children on money at a tender age is one of the most intelligent things a parent can teach them. Adults find it difficult nowadays just because no one taught them how to save money, spend it wisely, and know what is valuable since they were young children. It is reasonable to begin when one is about seven years of age provided that it is taught in a simple and practical method. Such aspects as handing over little allowances to them, educating them on how to save up and get what they desire, and letting them learn the difference between needs and wants can make a difference with their thinking in life.

The boot camps may be one way to do it, and I still think that the best lessons are at home. When children observe their parents do planning, saving and spending carelessly, it takes hold. Financial literacy does not mean making money but it is a discipline and confidence-building towards the future.

[ChocolateBitcoinK]

Financial literacy is a very important quality that children we must strive to inculcate in them. Such knowledge can get them started in life very early while their mates are not even aware of any means of generating and growing money. The best part of it now is that we have Bitcoin to teach our children from childhood. Such children will start building their Bitcoin portfolio when they are still in school and have not ben saddled with too many responsibilities. Beside Bitcoin, there are other areas that children can be guided to learn and make their lives better.

I think it would be difficult for children to learn about Bitcoin or other complex financial systems. Children's mindsets need to be adjusted, and they should be taught gradually at school until they reach higher education. I believe that teaching children about saving and taking them to the supermarket to see how they choose items can be a way to directly monitor their behavior without overly complex theories.

But they need to be trained in a light way, they cannot be taught very deeply at first, but they need to start very lightly, and they need to be taught this way over a long period of time. They need to be taught the importance of saving, the difference between needs and wants, and the habit of making decisions within limited resources, and for this the simple practical method you mentioned is also very important, how they spend money when going to the supermarket is also very important for financial management, this can be a much more effective and practical education for them, if they are taught financial management from the beginning, they will be more careful in the future.

[Yeesha]

Financial literacy is a very important quality that children we must strive to inculcate in them. Such knowledge can get them started in life very early while their mates are not even aware of any means of generating and growing money. The best part of it now is that we have Bitcoin to teach our children from childhood. Such children will start building their Bitcoin portfolio when they are still in school and have not ben saddled with too many responsibilities. Beside Bitcoin, there are other areas that children can be guided to learn and make their lives better.

I think it would be difficult for children to learn about Bitcoin or other complex financial systems. Children's mindsets need to be adjusted, and they should be taught gradually at school until they reach higher education. I believe that teaching children about saving and taking them to the supermarket to see how they choose items can be a way to directly monitor their behavior without overly complex theories.

Kids actually require the knowledge of financial literacy, in order to know the importance of budgeting, saving, financial stability and management of their income. Is not about educating them about any cryptocurrency at their early stage, but it all about the how prepared they are, their mentality, and discipline and valued instilled in them by their parents in terms of financial management. Kids are not just trained to grow up as a person, but to be a responsible person, work productivity to their families and contribute greatly to their societies and countries at large.

Is actually a great thing to give kids the best life, but at the same time, its important to remind, motivate and encourage them to learn how to grow on their own. Because due to low mentality, some children will be fully dependent on their parents, thinking that they have no reason to work hard, because they have everything it takes to live the best life. Some parents have failed woefully to educate their children on how to move carefully in life. Watching children spending lavishly is not love, but preventing them from seeing the reality of life.

[Roseline492]

Kids actually require the knowledge of financial literacy, in order to know the importance of budgeting, saving, financial stability and management of their income. Is not about educating them about any cryptocurrency at their early stage, but it all about the how prepared they are, their mentality, and discipline and valued instilled in them by their parents in terms of financial management. Kids are not just trained to grow up as a person, but to be a responsible person, work productivity to their families and contribute greatly to their societies and countries at large.

We should be inform of how life was during our own childhood and how it could be on the society today before making some decisions to our children because even as some were taught at a very little age and how they could possibly adapt to anywhere even sleeping in an environment that is publicly open without getting hurt from any stranger, we should also no that we are not in that time because now it has become a jungle that has prey and predators so actually people should no the kind of discipline to give there children because the way some persons talks about this independency of there children is as if they want to send them out of there house at a very tender age to go and face the struggle.

[aysha9853]

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.

Well said, Teaching kids financial literacy early builds confidence, discipline and smart habits with money.
Starting from a young age helps them make better choices as they grow, and boot camps are a great way to set that foundation.
It’s an investment that pays off for life.

[Fivestar4everMVP]

Financial literacy is a very important quality that children we must strive to inculcate in them. Such knowledge can get them started in life very early while their mates are not even aware of any means of generating and growing money. The best part of it now is that we have Bitcoin to teach our children from childhood. Such children will start building their Bitcoin portfolio when they are still in school and have not ben saddled with too many responsibilities. Beside Bitcoin, there are other areas that children can be guided to learn and make their lives better.

This is very insightful but I still maintain that children be allowed to focus on their studies as anything outside of this taking their focus will definitely turn out to become a negative distraction.. Come to think of it, do you even know that crypto is addictive? Though it's a good addiction but only good for those who already have a stable means of income, saving and building a bitcoin portfolio is addictive and a child who paradventure gets addicted to this may end up stealing just to keep building their bitcoin portfolio, especially when the child has no means of earning money except only when they are given handouts by the parents.

And lets not forget that children are naturally curious about a lot of things, that curiosity can also lead them into falling victim to scam that will have their saved up bitcoin that took months or even years wiped out in a matter of seconds, this is why I still maintain that children be allowed to face their studies atleast until they become teenagers and have one or two doing to make money.