Count Me In! How To Help Your Child Achieve Financial Literacy
Money is a key tool in life and is crucial for survival. As a matter of fact, basic essentials for living such as food and water has to be bought by money. That is why we as adults, know clearly about the importance of financial literacy. But, what about our children? Is there really a need to teach them financial literacy when they have only just started learning how to count? YES! With figures showing the ever increasing debt level in the form of loans for education, credit cards, housing and retirement around the world, the need for our children to be finically astute is more pressing than ever. The ability to handle money intelligently and responsibly is essential for our children’s future. Yet, ironically, we don’t see personal finance classes offered readily in schools to prepare our children for the harsh reality. So, where does the responsibility of learning one of the most vital life skill falls on? You, parents. Here are three suggestions for you to help your children become more financial literate. And I promise it is not as boring and complicated like you would imagine it to be! 1. Allowance Method The great thing about providing allowances to children is that it provides [...]
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