The Most Effective Strategies To Teach Children
Readiness is an important principle of all teaching. When teaching kids about money it is important to remember that they cannot learn what they are not ready to learn.
Children are bound close to their senses. They can learn through touching, tasting smelling and seeing things. Around the age of four they can learn the texture of money by feeling it and sometimes putting it in their mouths. This learning may not at first seem significant but it is the essential first step in gaining familiarity with money. Further learning will be built on the foundations of sensual experience.
Understanding can be fostered by giving a child a purse at the age of about six. She will be delighted, and start playing shopping with her dolls. This may be the start of a lifelong passion. Initially, however, she will enjoy ‘make belief’ and that in itself is an essential step towards later conceptualization.
Around the age of fourteen, in early adolescence, children are still learning through play, but beginning to think in more abstract terms. At this stage of readiness generations of people have learned to handle money through the board game, ‘Monopoly’. It teaches many lessons of buying and selling, of collecting rentals and going bankrupt. In later life players may find themselves looking back on the board game, and relating it to real money matters.
It is now possible to use the Internet and find many money games as good as Monopoly. Some may lack the element of social inter-action which is such a fine feature of the board game, but others may teach specific outcomes more effectively to learners who are ready to learn from them.
During late adolescence and into early adulthood teaching kids about money becomes very important. Now they can generalise and think in abstractions like prudence, budgeting, thrift and responsibility. They are nearly ready to take control of their own money and keen to learn.
Learning about this topic will be beneficial to your child. Teach Children Money We need to do something today for our kids! Encourage your child to start using money effectively.
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