How to teach children to manage money?

How to teach children to manage money?

Financial literacy is important, yet we often ignore it. Why?

In our society, there is still little emphasis on teaching finance to children. This blog is here to change that. We focus on how we can engage children aged 7 to 9 in discussions about money. Show them that managing finances is not boring, but can be fun! Various activities and games tailored to their age will help create a positive relationship with finances. We will provide you with tools and ideas for everyday situations so that children can learn how to manage their money.

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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