deal well with finance it is essential for anyone who wants a stable and comfortable life. In this sense, the sooner we know how to manage accounts and resources, the better! That's why today we're going to talk about the financial education for kids and teens and how you can put it into practice. Continue reading and learn how to educate your children financially so that they are successful people.
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Children's financial education – How important is it?
When the family does not discuss the subject of “finances” with children and adolescents, they grow up unaware of this issue. However, it doesn't take long for them to see something related to it. Soon, as they grow up, they start asking for things, like toys, costumes, school supplies and the like, without being aware of the impact of this on their parents' budget.
Therefore, financial education from an early age is fundamental for children and adolescents to know the value of money; understand what is really necessary and what is superfluous; keep in mind that they need to set financial goals and objectives; and can reflect on the importance of saving and investing.
In which period to start addressing financial education?
The ideal period to deal with this subject is from the second childhood, which occurs from three to six years of age. It is when children are already able to communicate, express themselves verbally and gesturally and start to have social contact with people besides their family members.
Thus, you can set up a piggy bank with the child, tell playful stories about finances, establish an allowance or a weekly allowance, organize payments according to some tasks performed, among others activities. As the years go by, it will be time to introduce the financial education regarding digital money.
How to educate children and teenagers about digital money?
With technological development, it has become common to manage finances in a completely digital way. Therefore, it is also important to educate your children about this modality.
There are already banks that have specific products for the younger audience, so you can choose from several options. Among them, the highlights are: Banco Inter, with its Kids Account; Banco Next, with nextJoy; C6 Bank, with the C6 Yellow; and Mercado Pago, which has the Minor Age Account. In addition, the next promise is the Nubank account aimed at young people between 12 and 17 years old, which is in the testing phase.