During the month when we celebrate Children’s Day, in addition to honoring the joy and imagination of little ones, it’s important to reflect on the education we provide them. When we think about our children’s future, one often overlooked aspect is financial management. Teaching basic concepts of how to manage money from an early age is a fundamental step in fostering a healthy financial mindset, capable of making intelligent and informed decisions.
At SCV, we believe that financial management is an essential skill, and the sooner we start, the more we prepare our children for the future.
The Importance of Starting Early
Children learn best through practical examples and daily experiences. Introducing financial concepts in a playful way can make all the difference. From understanding the value of money to learning to save, these small steps help build a solid foundation for a future of financial responsibility.
Why is it so important to start early?
Because by understanding the value of money and how it is managed, children develop discipline, patience, and autonomy. They begin to understand that every financial choice has consequences and that saving for a specific goal can be more rewarding than spending impulsively.
How to Start Financial Education
For parents who want to start talking about money with their children, here are some ideas that can be put into practice in everyday life:
- Create an allowance system: Offering a regular allowance, even a small one, is a great way to introduce the concept of money management. Teach the child to set aside money for immediate use and another portion for savings.
- Use piggy banks or value divisions: Encourage the habit of saving by dividing money for different purposes. One can be for leisure, another for donations. This helps the child understand that money can be allocated to different goals.
- Reward good financial decisions: If the child decides to save for something bigger, encourage this behavior with recognition, helping to create positive feelings around the act of saving.
- Introduce the concept of donation: Teach the importance of using part of the money to help others, building values beyond financial management.
Extra Tip
If you have doubts about how to adapt financial lessons to your child’s profile and age, it’s a good idea to consult a specialist in early childhood education or a psychologist for personalized guidance.