Finance for kids: Money mindset & money habits for life
As parents, we are determined to give the best to our children. Providing your child with finance education early on is the best gift you can give. But when do you start and what is the best way to teach your child about money?
At FunFinance we offer structural business and financial education for kids. Our courses have been designed to help your child understand the world around them. We use content that has been carefully adapted for children and we teach concepts using topics children care about. We also love using case studies of young kids running their own businesses.
New group course for Americas starting soon! Sign-up now.
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Money Basics€ 150,00- USD: 180,69$
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Business Basics€ 150,00- USD: 180,69$
At FunFinance Virtual Business School we have been offering live virtual classes to kids since 2016. As a result, we have talked to hundreds of kids and parents about money. We have talked to families from more than 30 countries. We have asked many questions and we have analysed what families are doing. Today we really know what works and creates the biggest impact on kids and what results in little change.
5 top tips on raising financially savvy kids
Tip 1: Understand how your own behaviour affects your child’s attitude to money
When it comes to finance, it is often our own behaviour which will form our child’s money mindset and financial habits. We have designed an exercise that may help you evaluate what you are (or are not) doing to give your child the right money mindset and healthy money habits. CONTINUE TO THE EXERCISE
Tip 2: Avoid the traditional allowance system
“What? But this is the first piece of advice you will read on how to teach your child to manage their money!” Curious what we have to say about it? READ HERE
Tip 3: Support your child’s entrepreneurship initiatives as “silly” as they may seem
Many parents ignore their child’s first entrepreneurial ideas, even worse, we may discourage our child by explaining that their idea lacks originality or business sense. We highly recommend supporting your child’s business ideas and giving them a chance to succeed (or fail) on their own. Your child’s first business venture may not grow to be another Amazon, but they will develop many useful competencies along the way.
If you lack time or are not sure about how to support your child at this stage, consider signing up to our FunFinance Private Tutoring classes.
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Private tutoring – 5 classes€ 250,00- USD: 258,13$
Tip 4: Openly answer any questions & disclose your house economy numbers early on
Tip 5: Offer structural business & financial education before your child reaches teen years
“Finance classes for kids! Really? They are far too young to worry about money!” Does this response sound familiar? READ MORE HERE