Teach now. Why parents shouldn’t wait for the “right time” to teach their kids.
Kids are sponges
Parents sometimes wait around until the “right age” to begin teaching financial literacy to their kids. However, it’s hard to know exactly when is a good time. Before they realize it, by the time the “right age” comes around it may be too late. Let’s begin treating fiscal responsibility like any other essential life skill. As with lessons in kindness, compassion, and generosity… we must start young.
Kids are much more intelligent than adults give them credit for. Like little sponges, their young minds absorb the entire world around them. From what we say to how we act, virtually everything passes on to our children. A child’s inquisitive little eyes show you just how much they understand each day.
While child development is a vast field explained in many different ways, experts generally agree upon the importance of play. “Play is often perceived as immature behavior that doesn’t achieve anything, but it’s essential to their development. They need to learn to persevere, to control attention, to control emotions”, says David Whitebread, a psychologist at Cambridge University.
Kids are more than capable to jump into the mix at any time. Social, emotional, and cognitive development in all directions is possible using the right set of tools. We do not need to cherry-pick only a few lessons while overlooking others. Sowing a broad range of seeds will allow your beloved son or daughter reach their full potential.
Importance of learning financial literacy at a young age
Certain life lessons seem to be available to all ages. Values like kindness and honesty are usually taught early… but what else are we missing? As parents, there are certainly valuable teaching opportunities that we may neglect.
At PyggyBank, we believe that virtues of patience, responsibility, and gratitude will open new doors for this new generation of savers. Watch real-life goals come to fruition as every progress is tracked. Learning, doing, and achieving… that’s what we’re all about.
Family and friends are invited to participate in this journey as well. Sharing the link, you can give others access to real-time updates of your child’s progress. Encourage others to cheer on as your child works towards her reward. Undeniably, this strong social reinforcement does wonders for the development of healthy saving patterns.
The sky’s the limit
Setting goals early in life is an essential stepping stone to later success as an adult. Childhood memories are in motion as responsible decision-making skills are experienced first-hand. So start helping your kids build beautiful memories while learning the importance of saving and sharing. You can teach now, don’t wait!
