Financial education for children: learn more about the practice
Financial education is something that the earlier you learn, the easier it is to become a financially responsible adult, so how about finding out everything about the practice of financial education for children and being able to apply it at home with your children?
We can say that everyone has dreams and fights daily to achieve them, right? Many people long for their own home, others want a dream car, others want to take that international trip that has been their dream since they were children and many other dreams that arise as we get older.
But often making these dreams come true is not as easy as it seems, as the reality for the majority of the population is difficult and many struggle to survive with what they earn and the little that is left (if there is any left) is not so well managed.
This happens because many people in our country are in debt and have difficulty managing their money. Without knowing how to do this, it is very common for people to be unable to save money or end up spending more than they earn.
In our country, unfortunately, learning about financial education is something that does not happen and should be a regular school subject, because the earlier we learn about financial education, the faster we understand how money works and it becomes easier to become a responsible adult and we would certainly have a lower rate of debt.
Financial education for children is a very cool practice and although it may seem like a very serious subject to involve children, it is capable of developing understandings in a very simple way that some only learn in adult life or even never learn at all.
And that’s what we’ll talk about in today’s text. Throughout it, you’ll learn a little more about financial education for children and some simple exercises to do at home with your kids. Let’s go!
Is it important for children to learn about financial education?
It is common for most parents to be unsure about what to teach their children, nephews and nieces, and the question arises: is this important for them? When it comes to financial education, the answer is yes.
More than 65% of Brazilians who consume in our country are in debt, that is, with their name in agencies such as SERASA and SPC and many of these consumers ended up in this statistic due to credit cards, which is something that requires a lot of control and wisdom to use.
And children tend to see the credit card as something magical that is there to make those purchases that we don't have money for at the moment, but it is necessary to understand that that card is something that you will have to pay for and that it is not miraculous, it just gives you the chance to postpone that payment to the following month.
By creating this understanding, they will begin to understand that this is not something that gives you immense power and must be used very responsibly, which is why it is important to start introducing them to financial education, because everything you learn from an early age becomes easier to implement as an adult.
By teaching financial education from an early age, children also begin to understand the value of money and how difficult it is to earn money, so they grow up with a greater awareness that not everything they want is possible to have through their parents.
It is also taught that we should not make purchases that we do not really need, eliminating the risks of several purchases that will accumulate and turn them into statistics of future indebted consumers.
How to introduce children to financial education?
Knowing how important it can be to teach children financial education, it is very common to have some difficulty when introducing children to this, as it is obviously not the same with adults and it is necessary to be calmer and treat children in more playful ways.
You need to think of ways to create financial awareness in your child, without treating them as if they were babies, but at the same time without treating them as seriously as if they were adults. There are some ways you can create this awareness in a very intelligent way.
Allowance
One of the coolest ways is to create a weekly or monthly allowance with the child, as long as he fulfills his duties such as homework and behaves at school, being rewarded with a sum of money.
With this money he can buy the things he wants that are not basic necessities, because this way he will be more careful about using all the money on something that is not so necessary.
End of year safe
Another cool thing you can do is create a piggy bank where you deposit all the money you earn and that you can also contribute to, but it should be on the condition that you only open it at the end of the year to buy a nice gift of the child's choice, because that way they will create more value on that money and choose more wisely.
Play Monopoly
You can also buy a game like Monopoly, which is a game that involves money, purchases, and losses. Although it may seem like an innocent game, the child begins to realize that everything has a value and that everything is based on decisions we make, and also begins to develop a notion of buying and selling.
Be an example of entrepreneurship
Being an entrepreneur is always a way to invest your money and get a future return, so a good thing to do is to sit down with your children and explain how money works and how entrepreneurship works, because that way they can see you as an example and can also have a part in it.
Ask questions
Sit down with your children and talk to them about money and clear up any doubts they may have, as there is nothing better than having an honest conversation and letting them be heard and given clear and honest answers.
Conclusion
Now you know how financial education works for children and how important it is to apply it in their daily lives. Now it’s time to start applying it with your children.
Did you like this content? So take the opportunity to read too Financial life: 5 apps to help you organize yours
