Smart Kids Education

We are in a process of developing the "Smart Money for Kids" course and would like to invite 10 people to join the course with a 75% discount of its monthly fee: (£2.50 instead of £10).
The course is dedicated for 7-12 years old kids and is based on engaging and involving activities such as interactive videos, games, crosswords, etc.
If you are interested, please let me know in a comment below!

Smart Kids Education – Fun and Engaging Financial Education for Your 7 – 12 Years Old Kids Do you recognize the importance of teaching kids about money and finances for their future success, yet feel uncertain about how to do it?

Looking for 5 people that want to get an instant access to the new and now fully interactive course "Smart Money for Kids". This course is dedicated for 7-13 years olds and teaches kids about money and finances through easy to use packages of interactive activities. Interested? let me know

Want more information about the course? https://smartkidseducation.org/

Check Your Kids' Current Money Knowledge (for age 7-11 )

FREE Quiz - Check Your Kids' Financial Knowledge 9 Fun Questions for Kids Aged 7-11

Since there have been about two weeks since i posted the last part of this blog series “5 mistakes parents make when it comes to kids’ financial education”, it's time for its final part where we talk about the last but yet a significant mistake parents often make:

5. Parents make financial education boring.

Financial education can be a challenging topic for parents to teach.... Want to read the rest of this article and other articles like this? Come join our group: https://www.facebook.com/groups/smartkidseducation

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As we carry on the series of 5 most common mistake parents make when it comes to teaching their kids about money and finances, today I’d like to focus on the following topic:
3. Parents don’t teach their kids about managing money
It is important for parents to educate their children about the family budget and where their money goes. Kids often have little understanding of the financial obligations that come with running a household, such as monthly bills, groceries, and other expenses. This lack of understanding can lead to a sense of entitlement or unrealistic expectations about their own financial future.
As children grow into teenagers and young adults, they may begin to feel overwhelmed by the financial responsibilities of living independently, such as paying rent, utilities, and other bills, because they never know how much is really spent on running a house. Without a solid understanding of how to manage their own finances, they may struggle to make ends meet or make poor financial decisions that can have long-term consequences.
Many parents tend to overlook the importance of involving their kids in the monthly budget planning process, or may not even plan their finances themselves. This can lead to a negative attitude towards financial planning, which can be passed on to their children. Children often learn by example, and if parents express negativity or reluctance towards budgeting, their children may adopt similar attitudes and behaviors in the future.
This can lead to financial difficulties later in life, as children who grow up without a strong understanding of budgeting may struggle to manage their own finances effectively. It is important for parents to involve their children in budget planning from an early age, as this can help to foster a positive attitude towards money management and set their children up for a more secure financial future. By involving their kids in the budget planning process, parents can also teach them valuable financial skills such as goal-setting, prioritising spending, and saving money.

Today, I’d like to carry on and talk about the second mistake parents make when it comes to kids’ financial education and this is:

Parents don’t teach about the different ways of earning money.

Parents play a crucial role in shaping the financial mindset of their children. However, most parents tend to stick to what they know best, which is typically being paid by an hour in a day job (or by project in case of freelancing).

This approach to making money limits their children's potential by not exposing them to the vast array of different possibilities available in the business world. Many parents miss the opportunity to teach their kids about, for example, the value of building a business and leveraging the time and expertise of consultants and freelancers.

The main reason parents don’t teach their kids about different ways of earning money is because they lack this knowledge themselves: they don’t have a business and they don’t know how to build systems that generate money, hence they can’t transfer this knowledge to their kids.

As well, parents simply may not have an interest in having a business and are happy in their day jobs.

By introducing your children to the concept of entrepreneurship, parents can inspire their children to think beyond the traditional model of exchanging time for money. When it is done correctly in an age appropriate and involving manner, this approach enables them to explore other avenues for earning money, spark their interest for business and creates a foundation for building long-term wealth.

When parents don’t teach about business, they miss an opportunity to teach that entrepreneurship is not just about making money; it's about creating value in society. By starting a business, one has the chance to solve problems, meet needs, and create jobs. It requires innovation, creativity, and persistence. It's a journey that requires hard work and dedication but can lead to financial independence and freedom.

When parents teach their children that there are multiple ways of making money, they provide them with the freedom to explore various options and avoid becoming stuck in a single mindset. This approach empowers children to learn about different methods of generating income and helps them develop a broader financial perspective.

By teaching their children about alternative ways of making money, parents can help them become more adaptable and flexible in their career choices.

5 most common mistakes parents make when it comes to kids' financial education. Part 1 - the biggest mistake

In the next few posts, let's talk about five common mistakes parents often make when teaching kids about money and finances. These errors are widespread, and I'm sure many of our readers will relate to at least one of these mistakes.

Today, we start this series, concentrating on the first mistake parents often make in kids' money education. We'll not only discuss the mistakes but also offer better approaches for a more effective and interesting learning experience for your little ones at the end of the series.

Without further delay, here we go: The biggest mistake that parents often make is that they don't teach their kids about finances at all or don't teach consistently.

If you do or if you don’t - share in comments!

There are few reasons why parents don't teach their kids about money at all or if they do, they don’t do it consistently or don’t cover the whole range of topics they could teach their children. Here are the main reasons:

1. Lack of financial knowledge: Many parents themselves may not have a solid understanding of finances and may not feel confident teaching their children about it.

2. Discomfort or avoidance: Some parents may feel uncomfortable discussing money matters with their children, or they may avoid the topic altogether, assuming that it's not necessary until their children are much older.

3. Priorities: Some parents may prioritise other aspects of their children's upbringing, such as academics or out of school activities, and may not give much thought to financial education. They may also assume that schools will teach their children about finances, which may not be the case.

4. Cultural or family values: In some cultures or families, discussing money matters may be considered taboo or inappropriate, and parents may not feel comfortable breaking those cultural or family norms.

5. Lack of time: In today's busy world, many parents may simply not have the time to teach their children about finances. They may have hectic work schedules or may be too busy with other responsibilities, leaving little time to focus on financial education for their children.

While it is true that some parents do some financial education such as opening bank accounts for their children and give them a weekly allowance and giving or transferring the allowance into their accounts, and may also discuss financial topics when their children approach them with questions, there is still a whole range of financial topics that these parents may be missing out on.

Money is an essential aspect of our lives, and it's crucial that children learn how to manage it from a young age. However, many parents are uncomfortable discussing finances with their children, or they assume that it's not necessary until their children are much older. But the truth is, financial education should start early in life.

On the other hand, kids who receive a solid financial education at a young age are more likely to be financially responsible and build wealth as adults. They'll have the skills and knowledge they need to manage their money, save for the future, and make smart investment decisions.

See exactly what lessons we teach on our "Smart Money for Kids" course https://www.smartkidseducation.org/course-content

See the "Smart Money for Kids" course content here: https://www.smartkidseducation.org/course-content

Interested? Find more information here: www.smartkidseducation.org

In this webinar I teach about top 5 mistakes parents make when it comes to educating kids about money and finances... and I am showing what can be done differently!
If you are interested – please sign up here:
https://webinarkit.com/webinar/registration/643e99088eb76277a7dd9602

Introducing "Smart Money for Kids" online course!
Are you a parent who wants to teach your kids about money and finances but don't know where and how to start?
Our course provides you with all the tools and resources you need to give your children a head start on their financial journey. From basic money concepts to investing, our 10 lessons course will guide you every step of the way. Don't wait until it's too late, there are only 50 spots available at this course! https://www.smartkidseducation.org/

SmartKidsEducation Our flagship course "Smart Money for Kids" is specifically designed for parents who want to teach their children important money-related topics

The Best Age to Start Teaching Kids about Money and Finances

The best age to start teaching kids about money and finances is around 6-7 years old. Of course you can start with simple activities even earlier. At this age, kids are starting to develop basic maths skills and can understand concepts like counting, adding, and subtracting. They are also beginning to develop an understanding of the value of money and can start to grasp the concept of saving and spending as well as many other basic (but yet very important) concepts

Welcome to Smart Kids Education! We are thrilled to launch our page and share with you our latest educational offering, the "Smart Money for Kids" course.

We believe that financial literacy is an essential life skill that every child should learn, and our "Smart Money for Kids" course is designed to do just that. Through engaging and interactive lessons, your child will learn the basics of money management, including budgeting, saving, investing, and more. You, as a parent will spend a lot of quality time with your kids during the course.

We believe that by starting early, children can develop healthy financial habits that will benefit them for life.

The "Smart Money for Kids" course will be available on May 20th, and we can't wait for you and your children to start their financial journey with us.

Stay tuned for more updates on this exciting new course, and don't forget to like and follow our page to stay up to date with all the latest news and insights from Smart Kids Education.

Thank you for joining us on this journey towards empowering children through education.