Finances for Kids | Funngro.com

1. Children's Money Education and Banking Concepts As I grew up, nobody really taught me the way to manage the cash I made. In a method or another, it somehow affected how i used to be to approach the concept of banking later in life. It proved harder to master the concept of banking, or more so the way to economize, and reserve it for the future. this is often why I vowed to show my children the fundamentals of saving and banking, right from once they were ready to tell the difference between a nickel and a dime. So, how money savvy is your kid? is that the concept of banking so alien to your children it seems like something picked up from a fiction movie? When it involves managing finances, especially issues concerning banking and saving, the sooner you introduce your kids the higher. Teaching kids about money and banking will arm them with a useful gizmo which will prove useful for the remainder of their lives. At this point and age, you can't gamble with financial literacy of your children. We cannot believe our "efficient" schooling system to show our youngsters about pocket money. With the worldwide depression

2. razing economies everywhere, we will only assume the responsibility of preparing our youngsters for the difficult times that await them. With that in mind, how then does one introduce your kids banking? In many families, talking about money is taboo. the oldsters make the cash, children as for it and that is it. Teaching kids about money & banking for the primary timer can therefore convince be a challenge. The worst-case scenario is making it so complicated your kids find yourself resenting money or banking altogether. As a parent, you're a lover, a warm figure of authority and a sanctuary of some sort to your kids. Incorporating these elements with the teaching will bear fruits faster. Key thing here is to stay things fun. Secondly, ensure by the time banking is introduced, they will tell how a dollar seems like and why a dime is worth quite a nickel even when the latter is larger. With an honest background on money matters, your kids are going to be more open the thought of banking. thereupon in situ, introduce banking in bits. Explain what's and the way a bank works. Children learn more by seeing. Take outing of your schedule and take them for a tour to a bank, introducing the staff members and various important elements within the bank. Open a checking account for your kid while at it. When they understand the concept of saving and banking, get your kids a penny bank. While it's nothing just like the real McCoy, it operates on an equivalent principle. confirm your kids see the similarity between a penny bank and a bank account. once they save enough, take them to the bank and deposit the funds in their bank account, or the "big piggy bank".

3. Contact Us: - Wishbanc technologies pvt ltd F2105 oberoi splendor, Jvlr Andheri East Mumbai 400060 India finances for kids