What are the Benefits of Teaching Financial Planning from an Early Age?

[Suba]

In my opinion, managing personal finances well doesn't require a master's degree in finance, but basic money management skills need to be instilled in children from an early age.

Financial planning for children isn't about the amount of pocket money they receive each day, but rather how they can use money according to their goals. Furthermore, parents must teach them the value of money, explaining that we must work to earn money and prioritize needs, such as buying toys or snacks.

Teaching children about financial planning also helps parents shape their mindset, behavior, and financial habits that will last into adulthood.

 

[King Belieal]

A child that is exposed to financial education from a young age would be very sound with making financial decisions.

 

[kit_hung]

Bro the truth is that managing your money doesn't require a finance degree. Children should be taught early about money management and not just given money without direction.

Teaching them about priorities like snacks or toys builds good financial habits. Parents doing this help children become financially savvy adults. This is a lifelong investment.

 

[Starmix]

I learned financial planning when I was 11 years old. My father taught me to increase my saving by not spending it to unuseful things. I carried that learning up to this time.

 

[Augusta]

Early exposure to financial literacy fosters a sense of financial independence. As one grow into adults, they are better equipped to make good Financial decision