Post
Topic
Board Economics
Re: Financial Literacy for kids
by
Distinctin
on 03/08/2024, 14:16:25 UTC
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.
I’m actually not against with the idea but I don’t think teaching financial literacy for young kids will be totally absorbed by them since their focus is not yet on how to manage their finances or build financial literacy but obviously, it’s all about play and having fun. Learning at their age is more effective if they are more encouraged to play and play.

However, we can still teach them at home about saving even at an early age. If they have received cash gifts from different occasions, let’s educate them about the value of money so they will come to understand that it’s not all about buying and spending all the money they got, but saving even a little is also a smart step for them so they will realize the value of money not just today but most especially in the future.