By Nidhi Garg
While we all love to talk to our children about culture, history, moral values, character, ethics, and the importance of education, we neglect to discuss money matters with our children. This exposure to money matters is done consciously or subconsciously by most parents, for example, consciously hiding financial difficulties they may face in order to keep the child blissfully unaware. One of the reasons for this is because that is how it has been through generations. It is about time to rethink keeping our children out of financial discussions because of the feeling that our children are not old enough.
Some of the top schools in Gurgaon now believe that learning about financial literacy is important, as personal finance education provides learners with the knowledge and skills to manage financial resources effectively for a lifetime of financial well-being. It is equally important that this education be offered at school. Even though today’s learners have the benefits of technology and instant access to information, that doesn’t necessarily translate to financial literacy skills. Having access to that information during their formative years, especially in the form of resources like classes and learning materials, can set a firm foundation for their future financial stability.
Some of the best Schools in Gurgaon believe that learners who are taught to manage their finances early on, grow up as adults who are better equipped to live independently, make good financial decisions, understand and plan rent, bills, food, transportation, and other expenses as well as maintain proper savings for their future.
We believe we can teach children from an early age about the power of saving, so when they get money from relatives or family for a birthday, we teach them how they can save it in a piggy bank or in a money jar. By doing this, your children can visually see how the money grows, which will keep them excited every time they add money to their savings.
Financial literacy education also provides learners with the tools to become financially independent, responsible citizens and better prepared for the challenges of adulthood. Additionally, a strong understanding of financial concepts can positively impact the wider economy by promoting savings, investment, and responsible spending.