On October 31, World Savings Day was celebrated, with the aim of raising awareness among the population about the importance of having a good culture and financial education. If you are wondering how to instill good financial concepts in children, here are the guidelines to follow.
While no one is born an expert in the subject, around 93% of children learn financial skills from their parents; However, they are often not healthy or best practices for the world we live in.
“Many families tend to live beyond their means because they are unaware of good financial practices. This usually results in little savings, limited options and even bankruptcy,” comments author Elaine King. As consumer culture continues to grow and dominate financial spending, more and more people are becoming vulnerable to failure in this area.
For children, money must be earned through a combination of completing tasks and positive reinforcement (rewards). Therefore, the personal finance expert recommends the following four practices to promote a responsible financial culture that should be done consistently and continuously at home.
Second finance book for children
A good story is an excellent way to reach the little ones and teach them about the importance of saving, responsibility and teamwork (family finances). In this second publication, Jumper has grown up and is now responsible, can spread his wings and fly on his own adventures. Therefore, he undertakes a long journey through Kodiak in Alaska, Yucatán in Mexico and the Amazon in Peru, where he will learn important lessons from new friends.
In this way, Saltarin will discover how to save with purpose, how to undertake work as a team and impact, and how to share his learnings so that his entire community benefits. “In this second book I want to convey the importance of transforming financial education into something practical, habitual and entrepreneurial for the sustainability of the future of children in the world," she concludes. Elaine King.
