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Financial Awareness/Education to kids


Konebhar6

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It's very important to indulge in financial-related discussions with kids and make it interesting to them at the same time. 

Do you have such a discussion? If so, how do you do it?

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involve them when you do monthly budget for home

make them to write down the list of expenses and incomes for month and find the net savings  every month 

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I usually have this conversation when kids are in a good mood and we go out for a walk or take them to ice cream / Snacking/Park, etc. Not forced conversations, but try to engage with simple questions. 

Our usual conversations are like - If you have to buy a company stock what would you buy - Their typical answers are 

Nike -> (reason) -> Everyone in school wears that

Starbucks-> (reason) -> Everyone loves coffee (see how they see Starbucks synonymous with coffee)

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  On 1/31/2025 at 12:34 AM, socrates said:

involve them when you do monthly budget for home

make them to write down the list of expenses and incomes for month and find the net savings  every month 

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If kids are enrolled in Scouts, they have to do some financial planning .. typical budgets .. and also cooking meals with in budgets and keeping track of nutrition/calories/expenses .. Good ones .. 

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