Financial literacy for young people

Financial literacy for young people

Ensure that your children learn about finances. Their future depends on it.

It is important for children to understand basic concepts regarding money and finance from an early age. They can learn to distinguish between needs and wants, which is essential for their personal and professional development. Innovative teaching methods, such as games and interactive discussions, can lead to a deep and lasting understanding of these topics. Through these approaches, children learn not only about finances but also about the importance of decision-making and responsibility.

Interested in this topic? Read more: How Social Skills Help Children Ages 7–9 Build Basic Financial Thinking 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?

Choose the answer that best describes you.

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

Choose the answer that best describes you.

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

Choose the answer that best describes you.

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

Choose the answer that best describes you.

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

Choose the answer that best describes you.

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

Choose the answer that best describes you.

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

Choose the answer that best describes you.

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

Choose the answer that best describes you.

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

Choose the answer that best describes you.

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

Choose the answer that best describes you.

7 – 9 years: Basic financial thinking

Get an evaluation of your answers

Enter your email to create an account and link this test to it. After you submit all 10 answers, we’ll show your evaluation on the page and email you a link.