Importance Of Financial Literacy: Top-Rated Financial Literacy Programs For Chil

Posted by morite janson on May 3rd, 2017

The importance and value of teaching about financial literacy to the youth cannot be overstated. If this young generation cannot build their credit, manage budget, or apply fundamental investment knowledge then we have produced an entire generation on their way to a lifetime of poverty and financial strife.

Recent studies show that over 70% of college graduates plan on moving back home with their parents after they graduate and many will stay there till their mid-thirties simply because they lack financial literacy skills.

Financial Literacy - Importance

By teaching financial literacy to children we give them the opportunity to consider their future more carefully.

When we preach the advancements made possible by going to college we often neglect to show them some specific examples or give them the other skills that will maximize their investment in higher education. We often fail to show them how to take the extra money they earn with a college degree and get that working for them by establishing a savings and investment plan.

Ensuring that we teach financial literacy to children is actually the key to preventing future financial problems for our children and for the world. If we can teach the future generations how to manage money and how to make it appropriately we offer the entire world a better financial outlook. Each child will contribute to the financial ruin or the financial success of our world's future.

Here are the best financial literacy activities for kids to ensure you empower your children or students with practical money saving skills.

1)  Motivate them by relating money to the ability to live the lifestyle they desire.

2)  Make your children save money from a young age by gifting them a piggy bank.

3)  Get them involved in your financial decisions and set family financial goals.

4)  Have them open their checking, savings and brokerage account immediately.

5)  Sign-up your children for top financial literacy program that comprise:

a)  Products particularly designed to enhance initiatives of credit unions, banks, non-profits  and families as they reach out to children with "the money conversation".

b)  Family oriented kits and games help to get financial conversation and goals on the table.

c)  Classroom kits are designed as math and money skill building tools.

Bottom line is:

By taking out time to teach financial literacy to your children you equip a child to move into adulthood with confidence and abilities that will serve them for the rest of their lives.

Author’s bio: Author is an online blogger. The article is on best financial literacy activities for kids.