Financial literacy: more creative ways to educate your child

As mentioned in a previous article, financial literacy can be a challenging tasks for both parents and teacher. It can be quite difficult to keep a child’s attention focused on what can be considered a boring subject. As such, you should introduce creative activities that kids will enjoy and that will help them learn about saving, spending and sharing money. Two such activities are discussed below.

Partner activities
If you are a teacher, you can make your students pair up and engage in active conversations about the times they have earned money or on topics such as why they wish to save. This will allow the kids to share ideas and will show them that everyone has their own reason what they need money for. This discussion would be an opportunity to introduce values, to develop healthy financial attitudes and not to judge others.

Experiential Play
Once the child has learned about saving, spending and budgeting, they should put that knowledge to use and practise. For instance, each one can be given a small amount of money and a shopping list with items that cost very little. They will thus be able to learn to manage their finances and make smart spending decisions so that they use their money efficiently.

Introduce experiential play activities for your child