Teaching your child the value of money is so important. This financial education for kids video will encourage your child to really think about money and how they can earn it. Money for kids is a lifelong skill that children should start developing at an early age - learning money, teaching money skills and money management for kids can be fun too!
Adults know what earning money is and how it should be done and they also know its importance in their lives, but kids are not yet aware of what earning money is, how they should do it and they are not even aware of its importance. Parents should at this point teach their kids how to earn money and even help them do that at an early age at home by paying them for helping out with specific things (https://www.youtube.com/watch?v=QQgOJoZduRc).
Don't be that type of parent who pampers his/her kids and bring them what they ask for immediately because this will make things harder for them in the future, they might fail to depend on themselves and they will also fail to give money any value and spend it wisely.
Earning money in general happens through getting a job or offering a service to the public, it could be a job that you get paid for depending on the hours you work and it could be a job that you receive a salary for for working five days per week. People might receive their salary or payment daily, weekly or monthly and this will always differ according to the profession of the person and the job vacancies available for him/her.
Financial education for kids is one of the things that parents should pay attention to while they are homeschooling them, they should give them the chance to know the value of money and the different saving techniques related to it, such as bank accounts and the types of payment methods, etc. (https://www.youtube.com/watch?v=Z0cbjc54kjI).
Financial literacy for kids starts at helping them to understand the small world of money they are related to and giving them a hint about the greater one that is about banks (https://www.youtube.com/watch?v=VxmTTvGezro). When it comes to saving money, kids should understand that in order to save there must be a source of money in the first place. For a kid, it is hard to find a job from which he/she could get paid and that is the reason why they will wonder how could they actually earn and save money at an early stage of their lives. This is where parents should help with giving them some money on the things they help with at home, whether big or small, but should let them feel that they are getting paid for something.
There are other things related to finance and financial education and literacy that kids could be taught about, such as knowing more about payslips and what they actually are (https://www.youtube.com/watch?v=a5Qu1YN43P8) and understanding the world of money in general; in other words, kids should always be aware of the idea that money has its value and that they are not supposed to spend it on buying things they don't need and they should also make some effort to get it and feel the difference.
Homeschooling is all about teaching the kids important things that they should know in general about life, it is not just about math or English, and this is beneficial because it will help them to know the value of everything surrounding them and the importance it might be carrying. When it comes to money, it is one of those several things we are referring to and one of the things that kids should give its importance and know the value it carries, they should know that what they want will never be in their possession without having the amount of money it needs.
Learningmole is helping parents homeschooling their children to get creative, fun and interesting ideas to teach their kids math, English, crafts and cooking at home, but it is also sharing some information about science, finance and general tips which the kids will need to get informed with (https://www.youtube.com/watch?v=abI5pHgxp4M).
Financial education UK or financial education for beginners is a great way to start - check out this financial education video and let us know what you think :)
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LearningMole focuses on educating children of all ages. We offer advice and practical, interactive ideas to help parents challenge, homeschool, teach and develop their children’s skills at home.
Help your child to explore the key concepts of number, counting, addition, subtraction, multiplication and division in Maths. Spelling, reading, writing and grammar in English. Help them to develop their imagination and creativity with crafts and to explore a range of skills to cook, bake and create tasty treats and snacks.
Easy to follow activities will support you and your child to learn and practice new concepts as well as enjoy spending time together. Help your child to progress and explore and most importantly - have fun!