Introducing the topic of money to young children as soon as possible is an extremely smart move in this day and age. In fact, the sooner the better is recommended. Plentiful research has led us to the conclusion that many of children’s financial habits, like are in place by the time they reach the age of seven. Gently coaching young people to have a healthy respect and attitude regarding money is key to their future happiness and security. We have a duty to put them on the right path as soon as is practicably possible.
Learning about how to become financially independent is absolutely key for children today. For exactly the same reason it is also essential for adults. The school curriculum never included any instruction or guidance regarding finance when you were young. It is still the same today, we are all expected to muddle through life in a haphazard way trusting to luck most of the time.
Learning to be financially free in a fun, strategic, common sense way that is naturally easy for everyone involved seems the only sensible way to proceed.
All the things that inspire us adults can have the same attributes can excite kids to save. For example, a young person may get excited because they have $75 in their bank account that can be put toward the $300 guitar they have their heart set upon she. This means they are nearly a third of the y there. This is exciting for them. With the right strategies, encouragement and proven techniques, the rest of the process is easy.
It really doesn’t matter what our end goal are. Simply by virtue of the fact that we have a certain goal with a savings bank account, and are looking at smaller items to save for, leading to something really significant to us, that is what will sets us up for future healthy financial habits.<p><p><p>