When to start a meaningful dialogue with your child?

Important aspects

  • – The FDR has invited economist Marco Cordeiro for an exclusive interview

Children and adolescents Be aware of The value of money. It is increasingly common to meet interested young people Investment market. Search for information related to free access to information on the Internet To the financial world. Below, see the main points Financial education When your child is.

Financial education for children: When to start a financial dialogue with your child? (Photo: Montage / FDR)

Talk about Financial education There has been a somewhat more general reality in between Parents and sons. Nowadays, where children begin to relate to money at an early age, it is very important to teach them how to do it Spend safely and consciously.

For parents, the main challenge is to guide children from an early age in an educational and understandable way. To expand the debate on this topic, FDR invited economist Marco Cordeiro For Exclusive interview.

In the text below, he instructs adults on how to begin teaching children about money. Check out:

What is the best way to teach my child financial education?

Many families believe that education should be conducted only in schools and universities and not in relation to the financial education of the youth (children) without realizing that financial education is not a part of most primary and high school curricula. Thus, it is common to find adults who have not received any guidance on economy, inflation, savings, simple interest, compound interest, etc., throughout their lives. This same person has to make routine decisions in his life, which directly involves matters related to financial mathematics, and although he knows how to calculate percentages and in most cases needs the help of his calculator, his mind is not accustomed to thinking. , To differentiate the cost of the decision taken, as well as the reflection of this decision in the long run. Thus, I can confirm the importance of financial education from the age of 05, the relevance of education through educational instruments that allow the child to understand economics, consumption, work and professional life.

Is it the right age to start a debate on these issues?

A child in the 50’s differs from a child in the 2020s not only because of technological evolution, but also because of the commercial world in which they live. How was the behavior of buying clothes for a baby in the 50’s compared to today’s baby?

The pressures of marketing, the culture of consumption and being able to buy things that affect their peers arouse in the child the desire to make money, but, without any guidance, they can grow and develop in a catastrophic way in their management. Resources

The idea is that financial education for children between the ages of 5 and 10 can free them from these traps, enable them to understand their needs, how the business world operates and the responsibilities of their choice.

If I don’t have extra resources, how can I teach my child about the value of money?

For those who have some resources, share the spending decisions with the child in a playful way that does not become a “burden” for the child. When separating money from the supermarket, integrating the baby into a small decision with R $ 4.00 (four races), do we have to buy a package of biscuits / cookies, or a soft drink? In other cases, show that you shouldn’t spend R $ 4.00, and save so you can buy something more expensive next month. Related to how the child manages the “time” to get things done: the attitude of choice of use and storage.

How can you be held responsible for your money? Should this happen slowly?

Yeah Al that sounds pretty crap to me, Looks like BT aint for me either. The important thing is to show that there will always be a way to earn wealth through work. Remember, you are helping to form a critical entity about money-related choices. Patience and attention are required. The behavior of parents and family also interferes a lot in this formation. Ideally, when educating a child financially, the whole family also feels the process and takes the opportunity to reorganize itself and make the best use of its resources. Those who are in a comfortable position must teach their children that achieving financial stability requires effort, work, dedication and administration and that the path is paved over time.

What is the risk of a child missing out on financial education in the future?

The pressures of marketing, the culture of consumption, and being able to buy things that affect their peers, arouse in the child the desire to make money, but, without any guidance, they can grow and develop in a catastrophic way in management. Their wealth.

In the current state of the Brazilian economy, we see that the practice of stimulating economic development adopted by the government is based on encouraging consumption by the family, through the policy of loan facilitation for the use of sustainable products; Forgetting the negative side of consumption through debt, which compromises the income of those who take it and puts them at risk of indebtedness.

PEIC – According to the National Confederation of Commerce’s Consumer Loans and Default Survey on Products, Services and Tourism, the percentage of households that reported debt (post-dated checks, credit cards, overdrafts, store booklets, personal loans, car loans) averaged 70.9 percent of Brazilian households. % Reached, the highest proportion in 11 years. For every 10 households in 2021, 7 people have entered into some kind of loan agreement with the financial system. We can associate indebtedness with a lack of information when entering into a loan agreement without observing the terms, rates and costs.

Which game can help children learn financial education?

Games that relate to buying and selling, in exchange for what you have, are possible in a simple way. Are you a candy business for a chocolate? Or can a chocolate be bought for just four bullets? Such jokes can teach value and decision. The famous game “Banco Imobiliário”, which plays a role in this process, can be used as a game to teach the child to make some investment or purchase decisions, which leads him to more or less money. Remember, it cannot be a “burden”, it must be a happy learning, how to deal with money must be a process of joy, without fear; The goal is to dominate the child’s finances as an adult, not otherwise.

Eduarda Andre

Maria Eduarda Andre has a master’s degree in linguistics from Parnambuco Catholic University, with a degree in journalism from the same institution. As a researcher, he has worked in the fields of public policy, creative economics, and linguistics, focusing on critical discussion analysis. In the job market, he has worked in the print media, as a reporter for Diario de Parnambuko, as well as advising national brands such as Debasa, Heineken, Algar Telecom and Grupo Pao de Acquire. Currently, he is dedicated to writing FDR PortalWhere he has accumulated years of experience and research in popular economics and social rights.

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