An important principle of all teaching is readiness. When teaching kids about money it is essential to teach what they are ready to learn.
Children are bound close to their senses. They can learn through touching, tasting smelling and seeing things. Around the age of four they can learn the texture of money by feeling it and sometimes putting it in their mouths. This learning may not at first seem significant but it is the essential first step in gaining familiarity with money. Further learning will be built on the foundations of sensual experience.
Children are bound close to their senses. They can learn through touching, tasting smelling and seeing things. Around the age of four they can learn the texture of money by feeling it and sometimes putting it in their mouths. This learning may not at first seem significant but it is the essential first step in gaining familiarity with money. Further learning will be built on the foundations of sensual experience.
At the age of six or seven a child might be given a purse or handbag as a gift. She will be delighted with this because it may seem 'grown-up' to her, but she will play with it, perhaps pretending to shop. She will be learning through playing, doing in play what she will spend many happy hours doing in the later stages of her life. Although her play is not 'for real' it is learning about how to do it for real when the time comes.
At pre-adolescence and early adolescence, from twelve to fourteen, children are in the early stages of being able to understand abstract concepts, but they now learn readily through playing games. The stock game used to be the board game, 'Monopoly'. It has taught generations of people the hard truths about monopolies, but also other money concepts, like fair value, property values rentals and the role of good and bad fortune in money matters.
Many excellent computer games have replaced Monopoly, though it has certain resilience due to its capacity to promote for social inter-action. But computer games can teach specific outcomes in a context that emulates the real business world. Undeniably, there a
At pre-adolescence and early adolescence, from twelve to fourteen, children are in the early stages of being able to understand abstract concepts, but they now learn readily through playing games. The stock game used to be the board game, 'Monopoly'. It has taught generations of people the hard truths about monopolies, but also other money concepts, like fair value, property values rentals and the role of good and bad fortune in money matters.
Many excellent computer games have replaced Monopoly, though it has certain resilience due to its capacity to promote for social inter-action. But computer games can teach specific outcomes in a context that emulates the real business world. Undeniably, there a
At pre-adolescence and early adolescence, from twelve to fourteen, children are in the early stages of being able to understand abstract concepts, but they now learn readily through playing games. The stock game used to be the board game, 'Monopoly'. It has taught generations of people the hard truths about monopolies, but also other money concepts, like fair value, property values rentals and the role of good and bad fortune in money matters.
Many excellent computer games have replaced Monopoly, though it has certain resilience due to its capacity to promote for social inter-action. But computer games can teach specific outcomes in a context that emulates the real business world. Undeniably, there are more effective games available now in the computer games industry.
During late adolescence and into early adulthood teaching kids about money becomes very important. Now they can generalise and think in abstractions like prudence, budgeting, thrift and responsibility. They are nearly ready to take control of their own money and keen to learn.
About the Author:
Many excellent computer games have replaced Monopoly, though it has certain resilience due to its capacity to promote for social inter-action. But computer games can teach specific outcomes in a context that emulates the real business world. Undeniably, there are more effective games available now in the computer games industry.
During late adolescence and into early adulthood teaching kids about money becomes very important. Now they can generalise and think in abstractions like prudence, budgeting, thrift and responsibility. They are nearly ready to take control of their own money and keen to learn.
About the Author:
Make it a responsibility with educating your children about money. Financial Literacy For Kids Allowance for Kids is a topic that can taught easily and effectively. Teaching kids should be a fun activity.