Talking about finances from childhood is essential to developing good money management habits in adulthood. The challenge of communicating to children and adolescents about this issue must be faced with responsibility and information. For this reason, there are different ways to do it.
Why should adults talk about money with children?
It is recommended that grassroots leaders communicate that money must be managed responsibly. Depending on the age, this can be done through various strategies: role-playing games, board games, and even online applications.
“The role of adults in teaching children financial education during childhood is essential. Being informed and being able to transmit it is key.“, says Martina González, Marketing and PR Manager at Equifax Argentina.
From a child’s perspective, money can be considered unlimited. In this sense, teaching about its value will involve raising awareness that it is not infinite.
Learning about saving is another point to consider. Even though children do not handle money, the gesture of placing a bill in the piggy bank teaches them about the importance of taking care of it and planning their expenses.
What young people need to know about financial education
In times of virtual wallets and savings accounts for teenagers, it is advisable to prepare young people so that – when appropriate – they can manage their payment obligations and even enhance their financial capacity.
Electronic transactions are the main focus nowadays, and financial transactions are simple and agile. Therefore, it is important to act with commitment, considering payment in a timely manner.
Planning and organization help in the proper management of finances. Preparing a monthly budget is a way to understand your personal financial situation and make the best decisions based on it.
Information and anticipation allow us to take care of our financial health, maintaining a balance between income, expenses and savings.Good financial habits are built and acquired gradually, so encouraging them from an early age is very important.”, says Martina González and adds: “We motivate young people to learn fine educationnciera as adults become aware of the importance of teaching about personal money management ”.
It should also be noted that digital management requires careful and responsible operation to enhance security in the virtual environment. Preventing cybercrime involves incorporating habits early on that allow personal data to be preserved.
There are many resources to communicate and teach children about finances, because building an orderly financial reality requires knowledge, preparation and perseverance.
Source: Ambito
