Educational success through good management of personal finances for your children…

PERSONAL FINANCE: HOW TO TEACH CHILDREN ABOUT MONEY ACCORDING TO THEIR AGE?

We are convinced that this approach will help us to properly incorporate the needs of our member groups and to be more effective in implementing the project, which aims to combat crimes due to lack of money that lead many young people to suicide and to prison, and thus promote healthy habits to prevent over-indebtedness among vulnerable young people. Because, learning to properly manage their money is a necessity for our children. To make them independent and fulfilled adults, we must set a good example for them .

So, help the new generation to spend well.

This first Agipresse blog on express leadership is intended for parents, grandparents and all those who, through their role, can contribute to the education of children. In this intervention we will cover the five most important themes: saving, budgeting, living within your means, managing your debts and planning for the future . These tips will mainly remind you of what to do or what would be good to do, by addressing how to transmit or instill these notions in the young person. Yes, for sure, they can be useful to you to initiate discussions with children, but will not provide much guidance on what to show them according to the age of the young people.

But in our conferences that you can find on our TRAINING store on www.agipresse.com , there are many reminders of the program. The advantage of this program is to provide two educational tools that allow you to dose the learning according to their age. A training guide for parents and teachers will be available. They can be ordered for a contribution and in some other cases downloaded, free of charge.

Personal finance is not really part of the school curriculum

Although some notions of budgeting and saving are taught in personal and social training programs. When school starts, it is the right time for teachers to see how they could integrate such a program into their teaching schedules. It is up to each teacher to be interested in it or not. If necessary, by advising parents of their choice of material, many parents would find it useful to monitor their child's progress in order to reinforce learning through practice in the area of ​​personal finance.

There are several other programs, available on the AGIPRESSE.COM website or from financial institutions. They are specially designed to help parents, in the form of a guide, and for teachers, lesson plans and courses with instructive and educational videos.

Introducing the next generation to money matters as early as possible remains a joint responsibility of parents and teachers. Keeping the hope of avoiding the mistakes that have led to over-indebtedness and lack of savings for a large part of the population.

WHAT TO DO AT WHAT AGE?

• From 3 to 5 years old

In his early years, the child can…

– Handle parts to learn to distinguish them;

– Keep your collection of coins in a jar or piggy bank;

– Participate in purchases, for example by giving the money to the cashier himself;

– Learn through play (abacus, toy cash register, etc.).

• From 6 to 11 years old

We're starting to get serious! The child can now...

– Receive pocket money;

– Gradually learn to manage your money and become familiar with short-term savings;

– Keep your coins in a graduated piggy bank to encourage yourself to achieve your goals;

– Under parental supervision, learn to manage a first short-term savings account in a banking institution.

• From 12 to 15 years old

Among all the pleasures of adolescence, your child could now…

– Receive an allowance from you on a regular basis;

– Understand the concept of interest;

– Manage more than one bank account: one for short-term expenses (at most 75% of income), one for long-term savings (20% of income) and a last one for unforeseen events or even for donations (5% of income);

– be entrusted with the management of a budget, such as that of their outings.

• From 16 to 18 years old

The young man, who is of working age, could in the future...

– Turning to the outside to secure income;

– Set significant savings goals, for example with a view to obtaining a driving license;

– File his first tax returns. If he doesn’t pay taxes, he will start to accumulate valuable margins for contributions to the government for retirement

If someone thinks that investing in knowledge is expensive, then let him first ask himself how much ignorance and negligence can cost him?

Visit our store www.agipresse.com/formations to find out more about other training courses.