Why is it important to understand money?

Why is it important to understand money?

Learn how to take care of your money and why it's important!

Financial education is key to smart budgeting. Help your children discover the world of money and teach them how to save, spend, and plan. Our interactive activities and fun tasks will show them that managing finances can be enjoyable and educational. The sooner they start, the better prepared they will be for the future! Discover with us what it means to have control over your money and build good financial habits.

Interested in this topic? Read more: Basic Financial Skills for Children Aged 7–9 Want to find out where you stand personally? Take a short test at the end of the page and gain a better understanding.

How does this apply to you? Choose the answers that describe you best:

Imagine that you have a magical coin in your hand. If you could use it only once, what would you spend it on?

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Imagine that you have opened a mysterious chest full of coins. What will you do with them?

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If you could choose, what way of earning money would you like the most?

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If you had the opportunity to create your own banknote, what would be written on it?

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If you could spend money on only one of these things, what would you choose?

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Imagine that someone gives you five coins every day. What would you do with them?

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Imagine you have a magical piggy bank that always returns what you put into it. What would you put in it?

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Imagine that you opened a small shop where you sell something you know how to make. What would you sell?

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If you could decide what role money plays in life, what would you choose?

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Imagine that you have the opportunity to invest money into something that will later bring you more. What would you invest in?

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7 – 9 years: Basic financial thinking

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