Create financial geniuses out of children!

Create financial geniuses out of children!

Financially literate children have better prospects for the future. What is your role?

It is important for you as a parent or caregiver to help children develop financial skills from an early age. In this blog, you will find practical tips on how to get started. Teach children the value of money through simple activities such as saving for a dream toy or budgeting for family shopping. Encourage them to experiment with saving and spending, and show them how their decisions affect their finances. Together, you will build a strong foundation for their future.

Interested in this topic? Read more: Open the door to a financial future: How to motivate children to basic financial thinking at the age of 7 – 9 years 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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