When it comes to money and your children’s future there is a lot of uncertainty in parents, guardians and care givers have. As human beings we all get to make money mistakes at some of our life made decisions, this is where financial education for your children comes in Preparing your child’s financial future is very important in helping you to prepare of the uncertain future of your child’s and helping the child to make good choices based on different situations. I will get to show you the importance of financial education for your children.
- Financial education is important to help your kids get to plan wisely on how they get to spend the little money they have. Financial education encourages your kid to know how to save on short term spending monies in one jar, how to save money in another jar and also for charity donations in another jar as encouraged by Sesame Street. Financial education teaches your child to know how to work with cash. When a kid gets to save in a piggy bank or savings jar it teaches the kid that saved money is real money by experiencing the money grow right before their eyes. Teaching how much your kid should put in each jar is a decision you get to make together. This will help you kid to know priorities and also become financially responsible as he grows. Getting to plan what they are saving for will help them to learn the enjoyable rewards of patiently saving.
- Financial education for your kids will also help your kid while he grows. You will learn the importance of your child’s account when they are old enough. With a savings account it helps your child to learn on saving money in a safe place. With the knowledge that a savings accounts earns interest will motivate your to save more money with having in mind that there is a reward for saving it With a bank account offers your kids financial responsibility and also opportunities to make regular purchases by themselves.
- It is important that your kid gets to learn as much as he possibly can, it is never too early to give your child knowledge on Money, how important it is as a basic commodity in this lifetime and also will motivate your kid on getting to know how to make it in plenty. When a kid is still a toddler he might not be able to count money but is definitely old enough to make choices and be patient. With such small skills will help your child on making smart decisions concerning money for the rest of their lives. When your kid handles real money it will help him set a foundation for understanding money. This will help your child to understand money in abstract terms, your child will get to learn on financial products as you use them, such as how you use your debit and credit card, and how you pay for the family house or car. With this knowledge your kid will grow knowing the importance of money
- In order for you to apply for child maintenance, the CSA which stands for Child Support Agency is a service center that you can contact for general information for any advice you require on your child’s financial expenses. CSA offers financial support which is available to single or separated parents in form of Child Maintenance Payments. Contact CSA phone number to register a new claim or enquire an existing application for your child support agency.