How to learn to financially educate children? At what age should talk to your children about finances? These questions are very common in most parents.
There are some fears cause dislike in children on these issues, but there are many experts agree that from three years to be taught, however simple, some concepts related to investments. We will explain why, considering that not only the parents have to engage in this issue, but the schools themselves.
Learning to Financially Educate Children
Ideally, explain to children that money is generated by the work of their parents and cannot always buy everything you want.
Older children, between seven and ten years, are better able to understand the world of finance. At this age, the weekly pay is a healthy practice. By giving money, parents should encourage children to make a monthly budget and therefore a small financial planning. With this, the child learns the importance of saving and passing differentiates expensive and cheap products.
Interestingly, some private schools have been concerned about the financial literacy of high school students, including courses in their curricula that focus on educating consumers and visiting experts to address the issue of finance.
The fact is that, regardless of age, it seems important to invest in financial education for children, since a child financially educated is more likely to be financially responsible adults.
Financial Education Classes for Children
It is common to see children choosing in-store clothes or toys they want and do not worry about the price, since it has no idea of financial securities. Parents end up giving up, even though the product cost goes beyond what they could afford.
Parents should teach their children how to manage financial resources, as both children and young people are an important niche in the consumer market, with the power to choose and buy.
Introduce financial education in schools is important and necessary, using both mathematics teaching and practical demonstrations of how to spend and save on everyday life.
The most important lesson of financial education for children is, as I said earlier, the weekly pay. Through the money received, the child will learn to handle money directly. But you have to think about the age and maturity of the child before handing.
From the age of three, children begin to ask for things when they go shopping. Toys and candies are their favorites. But it will only be able to handle money with an approximate age of seven.
At home, parents can involve their children in the monthly expenses for the maintenance of the family. It is healthy for them and understand that money does not fall from the sky and to win it is working.