Topic: Financial Literacy for kids - page 8. (Read 1601 times)

I would oppose the idea of ​​children as young as 7 years old taking finance courses or financial bootcamps like your idea. In my country, 7-year-old children have not yet finished first grade. Is it too much to force a child who has not yet mastered basic addition, subtraction, multiplication, and division to know about finances? Why can't we give them a beautiful childhood? And what will ensure that forcing children to learn about finances early will help them become rich people later?

I am not against the idea of ​​teaching finance to children, but I think it is not necessary to teach it too early when children have not even finished first grade.

Is life supposed to be this complex that you have to subject a little child that's still young to learn every about finance at a tender age? Life is pretty much tougher as you climb up the ladder and a lot of experience and fun children enjoy becomes almost the last of them once they grow up into the reality that society is seriously toxic and tough for all. Financial literacy is good but it should come at a certain state in time when the child might have come of age and has possibly gotten to high school.

What kids need at a tender age is good moral values and basic knowledge about life that will better prepare them for adulthood. Financial courses could be incorporated into the school curriculum and taught in a simple way that will help them get some basic foundation on it.

Don't force a child into doing adult stuff while he's yet to blend in well with his mates.

It is not a bad idea to register your children to programs that will help them acquire basic skills that will help them become financially prudent. But children learn more by example. As a parent, if you want your children to acquire financial literacy skills, you should exhibit the habit in your finances. Your children can easily learn how to work hard, save, and invest if you are doing the same thing. Children should be able to know how the family survives and also invest. Your child shouldn't know you as a waster, debtor, addicted gambler, or lazy because they can easily adopt the same lifestyle.

I just commented on a thread about Surinamese young entrepreneur Maya Parbhoe who was able to become a millionaire by hard work and dedication. Her grandfather and father were successful businessmen, and I guess she learned financial literacy from them. But I am not disputing the fact that boot camps are not good avenues to learn basic skills, but financial education should start from home.

Seriously, a boot camp for money management? when we're living in the world where field jobs is getting scarcer, having a degree doesn't guarantee you will get a job and learning a new skill in boot camp doesn't guarantee you will get a job?

I'd say money management/financial literacy is good when you already have a job, if not, mastering money management when you have no money is really pointless.

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.