One of the greatest gifts I can give my kids is to prepare them to be responsible, empowered adults around knowlegable on how to manage their money 💵
In our little family, the first step in teaching them the value of saving is to help them distinguish between wants and needs, explains to them that needs include the basics, such as food, shelter, and clothing, and wants are all the extras.
To them, being told to save, without explaining why, may seem pointless. With the help of The Institute of Financial Literacy, I get to show them the importance of living within their means, a little sacrifice today goes a long way tomorrow. Not only are they providing free and unbiased financial educational programmes (available to the public.) they also run free financial education programmes that cover basic money management and do not promote financial products. They’re all about guiding our little ones to become smart about money from early age.
Workshops for parents
* Workshop Details: https://ifl.org.sg/moneysense-for-your-child/
* Workshop Sign-up: http://ifl.org.sg/events/
* Learning and Activity Kits for Kids (by Age Groups)
* https://ifl.org.sg/wp-content/uploads/2020/06/3-6yo-final.pdf
* https://ifl.org.sg/wp-content/uploads/2020/06/7-12yo-final.pdf
* https://ifl.org.sg/wp-content/uploads/2020/06/13-16yo-final.pdf
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