Juni Learning Nurturing Future Innovators

1. Financial Literacy for Kids: Top Resources To Teach Kids About Finance And Money Financial literacy is not a thing just for adults. It is a lesson that the kids should start learning and practicing right from an early age. Respecting and valuing money is an important aspect of helping your kids adopt great habits of saving and investing money rather than relying solely on liquid funds. As adults, you believe you have mastered personal finance and its attributes. But you still lag on some fronts, such as where you should invest your money and how you can grow it. Imagine if you got the right guidance about money management right from an early age; how would it have helped you manage your finances today? You won’t have made financial mistakes, which you did, and your savings would have been directed in the right pathway to get multiplied and wouldn’t have deteriorated. Therefore, come out of the old-school mentality and teach kids how they can handle their money. Educate them about the stock market, savings accounts, credit cards, debit cards, and liquid funds right from their elementary school, middle school, or high school age. This will not just help them be knowledgeable but smart enough to decide what is valuable enough to invest money and time in and what isn’t! So, how do you plan on doing it? Well, an ideal tutorial course offered by a knowledgeable mentor will do the job! Teach financial literacy to your kids with curated lesson plans made by experts in the profession for all age groups, and see your kids make the best financial decisions for themselves. Let’s take this article forward and try to learn about the different aspects you must take note of to make financial education interactive for kids.

2. What’s the Importance of Educating Kids with Financial Literacy? Have you been thinking of teaching kids about money but are not getting any headstart on how to do it? Well, your approach is right, but you can’t do it all by yourself! You must take the help of professionals who can curate age-appropriate financial topics, lessons, or quizzes to educate kids about finances in an interactive manner. This way, they will not just be learning the importance of money but will also be developing a sense of its use in the real world while growing up. If you aren’t yet convinced on whether or not you should teach children about money, here are a few reasons that express the importance of why you should: 1. Build Strong and Important Foundations When you decide to enroll your kid in taking some financial lessons to learn money management skills, you are inclined towards building a strong foundation for your kid at a young age to be able to handle his/her own financial responsibility feasibly after growing up. And there’s nothing better than attaining financial independence in life, which your kids should learn right when they are schoolers. Every adult today wishes they would have the chance to learn about good financial habits while they were just a bunch of young people. It is because they lack the foundation that would have helped them set positive financial goals long back! 2. Develop Responsible Money Habits With the right financial literacy courses, your kids will be able to develop good money habits and financial planning proficiency. Even if it is a couple of bucks, they would know whether to save it or spend it. And that’s where you would notice a change in their mindset and their inclination toward utilizing financial knowledge in real life.

3. As young adults, it is their responsibility to develop good habits associated with almost all factors in life. Finances are among those aspects that help educate them about how to use their bank account and other banking products that come along with it. In this way, there will be a very small chance that a financially literate kid would go into unplanned debt in the future. 3. Give Financial Independence to the Kids When your kids attain financial independence by learning about the fundamentals and basics of the domain, it becomes easier for them to manage their own money with effective decisions in place. To test it out, you can always hand them a few bucks and let them decide on what they intend to do with it. A financially literate kid knows the value of money and will save it in a piggy bank, but on the other hand, a kid without the knowledge about how hard it is to earn and save money would get something that he/she likes. Spending isn’t a bad trait for a kid, but being thoughtful about it is! And the financial literacy lessons would help work on that aspect of the kids. What are the Resources for You to Teach Your Kids With Financial Management? You see, a lot of parents take student loans for their kids to study in reputed schools or colleges. But, the repayment responsibility is often taken by the students themselves to ensure their education burden doesn’t fall on their parents. In that case, if the kids aren’t literate enough in financial aspects, how do you expect them to be able to repay the loan and live their lives peacefully? May it be about teaching the kids about their savings goals or letting them run their own lemonade stand to earn some bucks in New York, you must look out for the best online resources to give them decision-making proficiency while dealing with money. So, some of the top educational resources are:

4. ● Give them a money book where they will learn the set value of every note or coin. ● Worksheets with detailed questions on what they have learned about finances in the classes so far. ● Arrange online games that drive the kids’ minds into learning financial planning, money management, and other such attributes. ● Introduce a stock market game, playing which the kids will be able to learn about how volatile the market is and how to invest in it. ● Let preschoolers and young children learn how to use calculators from an early age. Learning calculations is very important to understand financial literacy. ● Introduce board games for the kids, and let them use their financial learnings so far to solve the challenges or puzzles. All of it and more are considered ideal for teaching kids how to master financial literacy. And turning up to the best tutors for it is the right encouragement. Conclusion So, if you are now aware of how beneficial it will be for kids to avail financial literacy at an early age, hire the best tutor from Juni Learning and let them curate custom lessons for your kids and educate them on how to manage finances, learn about using the banking products, and much more.