Financial education can let children know how to use their money in a planned and purposeful way and live within their means. Cultivate children's interest in financial management and strive to guide children to engage in the financial industry that makes money. By cultivating children's financial management concept, they can promote their "financial quotient" and increase their desire to create wealth and career potential. In fact, I don't think these three reasons can stand scrutiny. In other words, cultivating children's concept of financial management cannot achieve the three purposes mentioned above: let children spend money in a planned way, let children engage in the financial industry in the future, and increase their desire to create wealth.
First, let children spend money in a planned way.
The children we are talking about must be under 18, have no job and need pocket money from their parents.
It is better to find compensation measures for parents who don't know how much pocket money to give their children than to cultivate their financial awareness, let them live within their means and spend money in a planned way.
Parents give their children pocket money lavishly, and children will spend it recklessly. At this time, parents will try their best to let their children save all their money and minimize the expenditure of pocket money through the cultivation of financial awareness. On the contrary, if parents can give pocket money according to their children's actual needs. That doesn't require children to have financial awareness, and children won't spend money indiscriminately.
What is financial management? To put it bluntly, it is to preserve and increase the value of Qian Shengqian. This is not directly related to letting children use pocket money in a planned way. Financial management means finding ways to make money, and letting children spend money in a planned way means finding ways to save money.
How much pocket money will be spent for children. We should give children reasonable pocket money, so that children can form their own awareness of planning expenses, rather than cultivating their awareness of financial management, not to mention that planning expenses is not a category of financial management.
Second, let children engage in the financial industry in the future.
Parents with these ideas think that Buffett's becoming an investment tycoon has a lot to do with buying stocks at the age of 1 1. In fact, this is no different from parents training their children to draw and play the piano from an early age.
There is nothing wrong with cultivating children's interest from an early age, but it is neither realistic nor necessary to apply for a glamorous financial industry in the next decade or even longer if you want to make children understand finance better than others by cultivating their financial awareness.
Unrealistically:
Financial knowledge 20 years ago is very different from that 20 years later. Although there is no difference in basic knowledge, advanced financial investment tools are constantly from scratch. Coupled with the complexity of many financial tools, even an undergraduate majoring in finance may not be able to understand them at once. How can we hope that children can learn?
It is unnecessary that:
Some people say that by explaining some simple basic financial knowledge, children's interest in financial management can be tapped. That's what I'm talking about. unnecessary. Financial management is different from painting and playing the piano. The latter can exercise musical sense from an early age, and practice makes perfect.
Financial management knowledge does not need to be accumulated from an early age, and it is never too late to start. Moreover, learning financial management does not require any interest. As long as you read a few books, you can get started with financial management knowledge. After several rounds of actual combat, you may be able to get higher income than the average person through financial management.
Third, increase children's desire to create wealth.
This is even more out of the scope of cultivating financial awareness. There are many ways to create wealth, and financial wealth creation is just one of many ways.
Cultivate children's financial awareness from an early age, even if they have the desire to create wealth, they will also develop a mentality of getting something for nothing. In Qian Shengqian, the most important means of production driven by financial management is capital. It will even plant a seed of "everything is inferior, but finance is high" for children, so that all children can get together to engage in finance, which is not necessarily conducive to the growth of children, and of course it is not conducive to the cultivation of future talents in the motherland.
For children, learning knowledge and growing up happily are the primary tasks. Creating wealth and career are things that parents should consider. Premature delivery of a money-making environment to children will not only affect children's study, but also make society full of money and utility.
The above three points are the results that many parents who support the cultivation of children's financial awareness want to achieve. After some analysis, parents' hopes may be dashed.
Cultivating children's financial awareness often becomes one of the ways for financial institutions, especially banking financial institutions, to attract customers.
As a banker, I have organized many summer practice activities of "Little Banker" and a speech contest on "How to spend your lucky money". Most banks have these two activities.
Can they really improve their children's financial awareness? From an authoritative point of view, I'm afraid not.
From the bank's point of view, the original intention of the bank is not to improve children's financial awareness, but to increase parents' deposits in the bank. Banks don't care whether children's financial awareness has really improved. From the perspective of parents, it is not excluded that some parents really want their children to learn financial management knowledge, but more is to let their children participate in activities and reduce the time for children to play games at home. From the child's point of view, on the one hand, it is the request of parents, on the other hand, there are many small partners participating. Let's play together. After the whole activity, the most serious children only know that bank deposits have to pay interest, how high the interest is and how strong the marketing knowledge is. Children who are not serious will also know which bank participated in the activity. The whole activity is an out-and-out publicity, which has limited effect on cultivating children's financial awareness.
Summary:
Throughout the article, I criticized the behavior of cultivating children's financial awareness. The role of cultivating children's financial awareness and the effect that parents want to achieve are two parallel lines.
If children want to spend pocket money in a planned way, it is necessary to control the amount of pocket money, so that children can be grateful to their parents and know that pocket money is hard to come by. If you want your child to engage in the financial industry in the future, fill in the financial professional volunteers when your child takes the college entrance examination. The knowledge learned in the university is more systematic and complete, which is more helpful for future employment. If you want children to have the desire to create wealth, don't give them pocket money, but give them ways to earn pocket money, let them find ways to make money and cultivate their financial quotient.