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.

[Mr_Brilliant$]

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.

You know, financial literacy was that thing most of us were not exposed to early, and we paid for it with mistakes later in our life.. If a child understands money from a young age, probably how to save, invest and some other few things, that alone will put them ahead of so many of their mates..

And yeah, teaching kids about Bitcoin early do not mean you are pushing them into quick money mentality..  you are just helping them understand value and long term thinking..

[bubilas]

It seems to me that much better than any literature is to show by example how you can make a large amount of money from one amount through actions such as smart investing. As well as portfolio diversification. After all, you need to read a book for about 2 hours, and such an action will be much more vividly remembered.
And at the same time, you need to tell children that in the world, someone who works hard does not necessarily earn a lot. And the one who thinks a lot and does accurate actions is rich. Of course, in the future I will tell my child about the law of compound interest, thanks to which the rich become so rich.

[Findingnemo]

Kids in the high school maybe exposed to finance and other technical details but age of 7 is not the age to study about binance, probably they can learn about the concept of money and savings at that stage. Stressing them too much with information can bore them and do the opposite of what we expected them to do, so just do it with right quantity.

[ChocolateBitcoinK]

Kids in the high school maybe exposed to finance and other technical details but age of 7 is not the age to study about binance, probably they can learn about the concept of money and savings at that stage. Stressing them too much with information can bore them and do the opposite of what we expected them to do, so just do it with right quantity.

It is important to teach children everything from an early age, but it is definitely not good to do anything to an excessive level. Children should not be pressured beyond their capacity, they should not understand such complex things so quickly, but it is better to start gradually from simple things. When we put unnecessary pressure on them or try to teach them something that is too complicated, it can have a more negative effect on them. Because then they may lose interest in learning and become more bored. Therefore, it is most effective to teach the right amount according to age.

[Findingnemo]

~
When we put unnecessary pressure on them or try to teach them something that is too complicated, it can have a more negative effect on them. Because then they may lose interest in learning and become more bored. Therefore, it is most effective to teach the right amount according to age.

The problem is not that every kid have same intelligence level, some can understand very complex things are very early age and some might be slow learners that is why setting one age for everyone is not possible. It is in the hands of their parents because they know how smart their kids are, let's be realistic and what they need right at that age should be given instead of their parent's entire knowledge about finance which took 40 years and dumping on a kid who is 10 years old seems cruel to me.

[internetional]

My son’s school has had financial literacy classes since he was six. I’ve noticed only one useful takeaway he’s actually grasped: it’s a good idea to save up a certain amount by the time he hits adulthood to serve as a financial foundation for his independent life. I never had classes like that back in my school days, and ideas like that never even crossed my mind.

Also, after one of those lessons, there was this drawing on the chalkboard. I have no idea what it’s supposed to mean, but this kind of 'financial literacy' looks very unconventional, to say the least.

[Altryist]

My son’s school has had financial literacy classes since he was six. I’ve noticed only one useful takeaway he’s actually grasped: it’s a good idea to save up a certain amount by the time he hits adulthood to serve as a financial foundation for his independent life. I never had classes like that back in my school days, and ideas like that never even crossed my mind.

Also, after one of those lessons, there was this drawing on the chalkboard. I have no idea what it’s supposed to mean, but this kind of 'financial literacy' looks very unconventional, to say the least.

It’s an ambiguous picture it looks more like a robbery than saving money. You might want to check what exactly they’re teaching him in those financial literacy classes. Just kidding. 

Financial literacy is a very important aspect of life. I’ve also been thinking about making sure my children have at least some basic financial knowledge by the time they reach adulthood. But honestly, it’s not always as easy to explain these things to kids as it seems. In the case of financial literacy lessons, I actually think that can be even better, because children don’t always want to listen to their parents or take their advice seriously.
Financial literacy is extremely important, and as parents it’s our responsibility to communicate its importance to our children in any way we can.

[Berry2d]

My son’s school has had financial literacy classes since he was six. I’ve noticed only one useful takeaway he’s actually grasped: it’s a good idea to save up a certain amount by the time he hits adulthood to serve as a financial foundation for his independent life. I never had classes like that back in my school days, and ideas like that never even crossed my mind.

Also, after one of those lessons, there was this drawing on the chalkboard. I have no idea what it’s supposed to mean, but this kind of 'financial literacy' looks very unconventional, to say the least.

It’s an ambiguous picture it looks more like a robbery than saving money. You might want to check what exactly they’re teaching him in those financial literacy classes. Just kidding. 

Financial literacy is a very important aspect of life. I’ve also been thinking about making sure my children have at least some basic financial knowledge by the time they reach adulthood. But honestly, it’s not always as easy to explain these things to kids as it seems. In the case of financial literacy lessons, I actually think that can be even better, because children don’t always want to listen to their parents or take their advice seriously.
Financial literacy is extremely important, and as parents it’s our responsibility to communicate its importance to our children in any way we can.

Indeed its a good  foundational training for kids as it helps them understand the importance and usefulness of saving for a better future, saving for the futures stands as a  good financial strategy we never had the idea when we where small. One unique thing about children is there ability to capture and put in practice what they learn which i know this financial literacy for kids will help taking then off being dependent on others for there survival in the future because before then, they have known how things works especially when it has to do with finance.
This is a golden opportunity I won't let it pass my children bye now they are at the stage of learning before crossing the adulthood line.

[bakasabo]

My son’s school has had financial literacy classes since he was six. I’ve noticed only one useful takeaway he’s actually grasped: it’s a good idea to save up a certain amount by the time he hits adulthood to serve as a financial foundation for his independent life. I never had classes like that back in my school days, and ideas like that never even crossed my mind.

Also, after one of those lessons, there was this drawing on the chalkboard. I have no idea what it’s supposed to mean, but this kind of 'financial literacy' looks very unconventional, to say the least.

It’s an ambiguous picture it looks more like a robbery than saving money. You might want to check what exactly they’re teaching him in those financial literacy classes. Just kidding. 

Financial literacy is a very important aspect of life. I’ve also been thinking about making sure my children have at least some basic financial knowledge by the time they reach adulthood. But honestly, it’s not always as easy to explain these things to kids as it seems. In the case of financial literacy lessons, I actually think that can be even better, because children don’t always want to listen to their parents or take their advice seriously.
Financial literacy is extremely important, and as parents it’s our responsibility to communicate its importance to our children in any way we can.

I think this picture was trying to illustrate that instead of holding all money in one place or in form of a cash, better save them in bank, as they will be more safe there. Or not to carry all money with you. Or to diversify finances, if during being robbed, you will lose alll.

I fully agree that it is not easy to explain children about financial literacy, because from their experience, they know how to save, spend, use money, but they hardly have experience how to earn them. I find it hard to teach when you dont know value of money or how hard they are earned. From majority of examples, story starts from child already has some amount of money, and teacher explain how to use them smart. Everything starts with when there is already a starting capital. But that is not how it is in life.

[Unknown Op]

My son’s school has had financial literacy classes since he was six. I’ve noticed only one useful takeaway he’s actually grasped: it’s a good idea to save up a certain amount by the time he hits adulthood to serve as a financial foundation for his independent life. I never had classes like that back in my school days, and ideas like that never even crossed my mind.

Also, after one of those lessons, there was this drawing on the chalkboard. I have no idea what it’s supposed to mean, but this kind of 'financial literacy' looks very unconventional, to say the least.

It’s an ambiguous picture it looks more like a robbery than saving money. You might want to check what exactly they’re teaching him in those financial literacy classes. Just kidding. 

Financial literacy is a very important aspect of life. I’ve also been thinking about making sure my children have at least some basic financial knowledge by the time they reach adulthood. But honestly, it’s not always as easy to explain these things to kids as it seems. In the case of financial literacy lessons, I actually think that can be even better, because children don’t always want to listen to their parents or take their advice seriously.
Financial literacy is extremely important, and as parents it’s our responsibility to communicate its importance to our children in any way we can.

That is a modern time And many kids are earning well from different platforms and the reason is their parents guided them at proper time when it was need of them because they will need money in the future because education is very costly in every country and they have to take education which is must to be financial stable and your knowledge should be increase with time . Many kids are doing online work and they are making content on YouTube which is easy to do and everyone can do that . If you will not guide your kids about money then they will spend money blindly which will be big loss of money so always aware of these kind of things and always focus on these points which will make your kids happy and successful in life in the early age.

[Cheema02]

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.

Your point about financial literacy is very strong and its important to for children to learn about finance in early age because with this knowledge they could be able how to spend and grow money wisely. So early knowledge give them confidence about managing finance. Teachers and parents can play a major role by giving ideas to childrens about digital currencies and its helps children to learn hard skills about digital finance and through these skills they could be able to remain independent and  ensure responsible future. When children learn about latest financial problems then they find best ways to solve it because they are already trained from early age so in this way they may become more professional and skill full indIviduals.