During these difficult times, financial literacy is one of the most important aspects of self-development.Ĭoin Bank - Teaching Financial Management to Kidsĭid you know that in the past five years, words such as recession, loan default, and foreclosure have become as common as savings, assets, and bank statements. Teach Your Child the Importance of a Coin Bank? This makes it an important practical lesson that our children can immensely benefit from. The best way to go about this by being a mentor or an example. Wait 5 seconds and click on the blue ‘download now’ button. Now let the download begin and wait for it to finish. Once Monopoly Plus is done downloading, right click the. zip file and click on Extract to (To do this you must have 7-Zip, which you can get here). Set the example yourself, so that they can see it for themselves. Double click inside the Monopoly Plus folder and run the exe application. It is found that a higher level of involvement of parents in the aspect of financial guidance at an early age is associated with better handling of finances once the child grows up. You can work towards your child becoming more financially literate by starting early and letting them know that there are a set of skills required along with a certain amount of knowledge. There is no specified age prescribed for a child to start learning the importance of saving money. All you need to do is ensure that the coins you hand them pose no choking hazards. If your child has a habit of putting things in his or her mouth, you need to supervise them. Infact, it's better if you wait till they understand that they aren’t supposed to do that.
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