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Why Financial Education for Children is Important

October 10, 2023 Author: Tess Downing, MBA, CFP®, Complete View Financial

Kids understanding and learning about the economy is essential for their future economic and financial security. The more they know about the topic, the easier decision-making and finances can be for them. One of the best books on this topic is titled Raising Financially Fit Kids by Joline Godfrey. Here is the Amazon link to learn more: https://www.amazon.com/Raising-Financially-Fit-Kids-Revised/dp/1607744082 Once the education process begins, around the age of five, a list of topics is broken out depending on how old your child is at each stage. Here is a list of all of the issues. How to save How to keep track of money How to get paid what you are worth How to spend wisely How to talk about money How to live on a budget How to Invest How to exercise the entrepreneurial spirit How to handle credit How to use capital to change the world These topics are critical for children to understand and form a good foundation for future financial decisions. Financial education should be prioritized in the current school system, making it much more important for your children to learn these topics at home. Be sure to check out that book for a detailed peek into how to educate your children financially.

Kids understanding and learning about the economy is essential for their future economic and financial security. The more they know about the topic, the easier decision-making and finances can be for them. One of the best books on this topic is titled Raising Financially Fit Kids by Joline Godfrey.

Once the education process begins, around the age of five, a list of topics is broken out depending on how old your child is at each stage.

Here is a list of all of the topics:

  1. How to save
  2. How to keep track of money
  3. How to get paid what you are worth
  4. How to spend wisely
  5. How to talk about money
  6. How to live on a budget
  7. How to Invest
  8. How to exercise the entrepreneurial spirit
  9. How to handle credit
  10. How to use capital to change the world

These topics are critical for children to understand and form a good foundation for future financial decisions. Financial education should be prioritized in the current school system, making it much more important for your children to learn these topics at home. Be sure to check out that book for a detailed peek into how to educate your children financially.

Raising Financially Fit Kids