Kiev. Ukraine. Ukraine Gate – January 20, 2021 \u2013 Education<\/p>\n
The need to introduce<\/a> financial literacy lessons<\/a> in schools is being actively discussed<\/a> around the world. Various<\/a> statistics show that most schoolchildren<\/a> and students do not know how to manage their own money<\/a> and experience difficulties<\/a> due to lack of necessary knowledge<\/a>.<\/p>\n Experts say that children<\/a> should be taught to manage finances<\/a> at a preschool age. Education<\/a> 24, with the support<\/a> of a Canon<\/a> partner, has put together<\/a> the most effective tips for parents<\/a> to help teach children financial<\/a> literacy and prepare them for independent<\/a> living.<\/p>\n What is money<\/a> and what is its purpose<\/a><\/p>\n The ability<\/a> to manage finances is a habit<\/a> that takes time to form. A study by the American<\/a> publication Bankrate shows that 46% of adults in the United States have no savings<\/a>, even in case of unforeseen circumstances<\/a>.<\/p>\n To change the situation<\/a> in the future, experts advise parents<\/a> to use a few simple methods in the process<\/a> of raising children<\/a>.<\/p>\n #1 Discuss desires<\/a> and needs<\/p>\n The first step in teaching<\/a> children financial literacy is to distinguish<\/a> between desires and needs. Explain<\/a> that needs are basic: food, shelter, and clothing, and desires<\/a> are only secondary.<\/p>\n You can use the family<\/a> budget as an example of spending on necessities<\/a> and desires.<\/p>\n #2 Give yourself the opportunity<\/a> to make your own money<\/a><\/p>\n If you want to teach children<\/a> to save money, reward them financially for homework<\/a> and other tasks. This will allow children to understand<\/a> the value of money through<\/a> their own efforts.<\/p>\n Let the kids make their own<\/a> money<\/p>\n #3 Set goals for financial<\/a> savings<\/p>\n For a child to save money<\/a> without a clear purpose may seem pointless<\/a>. Helping to determine the purpose<\/a> of savings means teaching<\/a> a child to count money.<\/p>\n For example, if a child wants to buy a toy for 200 hryvnias<\/a>, receiving 50 hryvnia<\/a> per week, help him determine when this toy can be purchased<\/a>.<\/p>\n #4 Determine where to store your saved money<\/p>\n