Experts Recommend These Financial Education Books for Kids

There are free personal finance tools for kids. Teaching financial education to girls and boys is a task that should be further promoted in Mexico.

By: Newsroom HoyDinero

MEXICO.- Teaching financial education to girls and boys is a task that should be promoted more in Mexico. Many people want one of the subjects to be taught in public schools to be financial education. In fact, there is an intention within the educational reform, however, it is not yet a reality.

Many years ago in some primary schools the children saved with their teacher. They contributed a weekly amount or when they could and at the end of the cycle they were given their money. This practice stopped working and now parents must find tools on their own to teach them financial education at home on planning, savings, credit and investment issues.

Joselyn Quintero, specialist in neurofinance and financial harmony, explains that to talk about financial education with minors it is important to always associate these issues with an emotion and thus form a positive effect with personal finances.

Currently there are free tools where children can learn personal finance issues, there are board games, video games and books among other options.

The Condusefwithin your website you have available the section of Educate your Wallet for Kids where interactive stories, teaching materials such as puzzles, memorama, dominoes, game of the goose, snakes and ladders, as well as lottery are available. These as part of board games.

But if your little ones are more of a gamer, there are also video games where they have to overcome obstacles, such as ant expenses to take money to the bank, catch piggy banks and dodge obstacles, which can be played from a computer or tablet.

Banco de México also has its microsite for children called Educa Banxico where, with a grounded language for girls and boys, he explains what money is, why things have a price; integrates games that can be downloaded and printed, as well as explanatory videos.

Girls and boys learn associated with an emotion, it is the glue of memories. It is the one that gives the meaning to the themes, ”she explained.

It is always recommended that a goal be established to save, when it comes to minors, if the goal is set by adults instead of children, the saving process will not have the desired effect on them.

“A child who felt deprived of the things he wanted because he had to save will have an aversion to saving because he will associate it with limitations,” explained Joselyn Quintero.

Saving is postponing a gratification, so when the goal is achieved as a family, it should be celebrated that the goal was reached.

Impact of financial education games

All recreational activities are emotional activities that have an educational background and a more efficient acceptance effect on girls and boys. For this reason, it is important to look for activities that motivate and encourage them.

In addition to the platforms mentioned, in the Mexico City, there are places like Interactive Museum of Economy (MIDE) where there are exhibitions, games and dynamics where both children and adults can learn how the Mexican financial system works through games.

In addition to all of the above, there are various books on financial education for children. The most recent in Mexico is entitled “Your son can be a Millionaire”, where parents can find useful advice to share with their children, from the importance of saving goals, teaching them to spend, to fables, saving tools, success stories, etc.

is the book of Guerquito’s Great Adventurethat explains what saving is through the character guerquitoa piggy bank that comes to life and explains how money is obtained and what saving is for.

As for games, there is Fortunately, a board game that teaches girls and boys investment skills, entrepreneurship. Similar to snakes and ladders. It contains stickers on mind, body, spirit, heart, will that, when united, give power to participate more actively in the game.

It’s in magazines Sapphothat specializes in financial education for children under 12 years of age, addressing insurance issues, explanation of the Mexican financial system and its operation.

Font: The Economist

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