Most parents don't mind to teach children to manage money at young age, they waited until their children had practice spending money, and it is very hard for them to control spending and sparing some amount to save. The proper time to start to train child regarding money management is at the stage that they recognize money and it's amount or value. Parents must show how to earn, save, spend, and donate their money.
If parents can't teach their young to be wise with cash, it will be a big problem later own, not only for parents but to themselves, the children.
Understanding money's value
According to research, the average age of which Filipino kids start saving money is at the age of seven year old. About 98 percent of Filipino parents believe their children should learn money management skills, and only 19 percent think their children have adequate money management skills.
Secretary of Education Armin Luistro says it's very important that children understand the value of money
and how it is earned to have a better appreciation of it. "If a child appreciates at an early age that it takes hard work to earn money to buy things, save, or even share with others, the child will have valuable lesson which he can use through life," he adds.
The money management concepts will be explained to schoolchildren using a kit that includes a lesson plan, training for teachers, episodes of the Cha-Ching program shown in Cartoon Network in a DVD, plus workbooks and other school items. The Cha-Ching official website (www.cartoonnetworkasia.com/cha-ching) also features games, apps, music videos, and a material page for parents.
The lessons are being incorporated either in Math or Values Education subjects of Grade 2 pupils starting this school year. Cha-Ching will be pilot tested at Upper Bicutan Elementary School in Taguig City and the Tagaytay Elementary School in Tagaytay City, Cavite.
Source: Entrepreneur Magazine
If parents can't teach their young to be wise with cash, it will be a big problem later own, not only for parents but to themselves, the children.
Understanding money's value
According to research, the average age of which Filipino kids start saving money is at the age of seven year old. About 98 percent of Filipino parents believe their children should learn money management skills, and only 19 percent think their children have adequate money management skills.
Secretary of Education Armin Luistro says it's very important that children understand the value of money
and how it is earned to have a better appreciation of it. "If a child appreciates at an early age that it takes hard work to earn money to buy things, save, or even share with others, the child will have valuable lesson which he can use through life," he adds.
The money management concepts will be explained to schoolchildren using a kit that includes a lesson plan, training for teachers, episodes of the Cha-Ching program shown in Cartoon Network in a DVD, plus workbooks and other school items. The Cha-Ching official website (www.cartoonnetworkasia.com/cha-ching) also features games, apps, music videos, and a material page for parents.
The lessons are being incorporated either in Math or Values Education subjects of Grade 2 pupils starting this school year. Cha-Ching will be pilot tested at Upper Bicutan Elementary School in Taguig City and the Tagaytay Elementary School in Tagaytay City, Cavite.
Source: Entrepreneur Magazine
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