As parents, our job is to promote children’s financial learning. This does not mean that we must have all the answers. This means that we can guide our children to use useful resources and financial materials to help them develop their abilities. Financial capability.
Financial videos can be a great way to teach children about Money managementThis is because most children are very familiar with this media by watching YouTube and other social media videos. For children who are too young to read, financial knowledge videos can be used as an early introduction to the concept of money management. For elementary-age children or teenagers, videos are usually more attractive than certain alternatives.
The best online videos to teach your kids about finance
YouTube has a wealth of financial knowledge videos for children of all ages to watch. All you have to do is search for “children’s financial literacy” and you will see a lot of useful videos. I specifically used some of the “Learning mole“Introduce financial topics to my children.
Learning Mole allows you to search for videos you want to watch based on your child’s age. Topics covered include credit cards, financial knowledge and bank accounts. The content is European, so when they talk about currencies, it’s not the U.S. dollar. Although this may confuse some children, it is also a great opportunity for dialogue with other cultures and currencies.
Finance in the classroom It is another resource where you can view financial literacy videos for children from K to 6 or 7 to 12 years old. You can find general financial knowledge courses and other financial learning resources, including books, music, and PowerPoint presentations.
This is a list of other videos you can view to expose your children to different Money course.
The first three on this list are for young children, from pre-kindergarten to second or third grade. These are fund videos to teach children how to recognize money and how to count different coins.
These next videos are aimed at middle school and high school students. These videos focus on basic financial topics such as budgeting, savings, investment, credit scoring, and using student loans to pay for college.
The last video is a TED talk, which provides parents with some tips on how to teach their children financial management.
Purchase video lessons to teach your children about money management
In addition to financial knowledge YouTube videos, there are many websites that provide money-making videos and other useful reference materials. A generation of geniuses Provide children with various videos and lessons on money, math and science topics. It provides an outline of what your child can learn from the video. It also provides example questions, related vocabulary, additional reading materials, practice questions and answers, and even a teacher guide that can be used to help your child learn.
Although you can try Generation Genius for free, you need to purchase the plan to provide long-term access. Home-based courses start at $145 per year.
Off campus It is another resource that can be used to introduce financial concepts to young people. It provides high school finance FLEX courses and introduces fund management through video courses. The video is posted once a week, and your kids can watch it at their convenience. In addition to the videos, there are also classroom discussion questions posted with the weekly quizzes to help your teenagers review what they learned during the week. The concepts covered include credit cards, budgets, investments, and bank accounts. The 4-week course only costs $34.
Combining videos with children to talk about money skills
Although videos that teach the concept of money are a great way to involve your child in the discussion financial knowledge, They should be used in conjunction with other strategies. In order for your child to be interested in money and talk about money, you need to be prepared.
Keep money conversation
Talk about money often.Sit down and watch financial videos with you child Then let them participate in the conversation. Ask them questions about what they have just learned. Provide opportunities to put their knowledge into practice. For example, if your preschoolers are learning coins and banknotes, take out some real coins and banknotes and let them count them.
Join a money-based game
You can also keep the money conversation by playing fun money games on family game night. Take out a money board game like Monopoly and use it as another opportunity to discuss topics such as debt, taxes, and real estate.
Expose them to the real world money situation
If you want to raise financially literate kids, it’s exposure. The more they know about money, the more they talk about money, and the real-life experience related to money, the more they will begin to understand. Although children can digest the concept of money at a very young age, cultivating a child with financial knowledge will not happen in a few days or a week. This is a process that takes several years. Therefore, don’t try to get your preschoolers or middle school students to use a series of financial videos and content at once. This may overwhelm them and shut them down. Instead, take your time and be consistent.
Pay attention to their learning style
Pay attention to your child’s favorite media. Maybe video is not their business, they prefer to listen to podcasts or read books about personal finance. Keep it light and fun, encourage them to ask questions, and remind them that part of their learning involves making mistakes.
— Jessica Martel