We know that many adults do not know how to talk about money with the youngest. Therefore, the theme of financial education for children ends up being scarce, becoming a taboo among children and adults. But, you should know that this issue is more than crucial to bring greater financial responsibility in your child’s childhood and adolescence.
Embroidering this theme will have an amazing effect. Later approach it carefully, so that you achieve the best result. To see your child use money in a conscious way, you must talk and use all your lightness. Start by handing out a piggy bank, talking to your child, or even paying them an allowance. And these little attitudes will teach you a your child that it is important to take care of your money. I love that it’s never too early to discuss financial issues with your kids.
Read this article and see tips to help with financial education of children. And have your children manage their money successfully.
Financial education for children and young people from 3 to 6 years old:
Contents
The financial education of children from 3 to 6 years old should begin while they meet the principles of childhood and literacy. In this period, children begin to discover the value of things and, consequently, money, just as they also understand about the importance and necessity of exchanging things of value around them, and following our monetary system, the exchange of money for a product.
Experts point out that at this stage the child is visually stimulated to see the money increase. In the case of these children, instead of giving an allowance, give a piggy bank or other product to save money, being tic plastic. Have them fill this piggy bank with any pinwheels they earn during the week.
Don’t stop talking about the collective and conscious use of money. And the form of financial education for children will make them exercise about the value of money in their daily lives. As the days go by, try to explain why a bullet, for example, is worth the price, or why the toy can not be bought at the moment.
From 7 to 13 years:
After the age of 7, children can generally better understand a person’s relationship with money, so financial education for children at that age is also essential. At this stage, the application of the subsidy is an ideal bet to continue the financial life of the little boy, different of the last stage with the younger children.
Organize with your spouse, if you have one, about a monthly amount that you can give your child to start their financial education. This amount can be arranged, so think about your children’s expenses. The amount of the subsidy can also increase if the child gets good grades and stays in school, accomplishing big goals as a student, for example.
So the child will have the money in his hands as a reward. Never forget to ask your child to handle his money as responsibly as possible.
From the age of 14:
Children over the age of 14 must also be able to take over a bank account in their name, in addition to receiving a subsidy. To teach financial education to children 14 years of age or older, you can open a simple bank account or with a savings, so that these children understand the importance of financial education to achieve financial freedom after a while.
As soon as the young man is out of high school and begins his graduation, present your credit card. This benefit will be a great option for them to continue their financial life, maintaining a position of greater responsibility, since credit cards must be paid until their due date, so that the young person does not have complications, as we know.
Financial Education
A survey conducted by the Brazilian Association of Financial Education in Brazil shows a statistic, which says that financial education initiatives have seen growth of around 72% in 5 years in the country. The study also points out that the main responsible for all this evolution are the educational institutions, which seek to include this topic in their study grid.
The issue of financial education for children or young people has been discussed since 2010 in the country, when it conquered an official space with a financial program called the National Program for Financial Education Strategy, ENEF.
Even so, only in 2017 the topic was incorporated into national level, after being approved by the National Common Curriculum Base, the BNCC, a federal government agency that guides any of the guidelines established in the country. ENEF has also been instrumental in showing that children’s financial education is efficient in schools. According to the World Bank, This pilot project brought better financial behavior of Brazilian students who experienced financial education.
However, not only the little ones can learn about it. Due to longstanding neglect by the media, many Brazilians do not understand what financial education is as a whole.
We can prove this thesis by remembering that many adults are getting into debt or using credit products wrongly, due to the lack of financial education and knowledge about money.
In conclusion, financial education for children is more than essential. You will be asked to teach your children, as well as influence adults to do the same. Financial education for children will help a lot in their future, and remember that children are surprising us more the day, and if you think that they did not understand their teachings, you are wrong.
If you liked this article, please share it with your friends who also have children, or with primary or elementary school educators. Thank you and see you soon!
