Month: October 2018

In America, April is financial literacy month, but at Monsters Money Club we believe not only that the lessons apply wherever you live, but that EVERY month should be financial literacy month. These lessons can be found here.

In summary, there are seven lessons:

Lesson 1: The difference between wants and needs

Lesson 2:Every purchase has an opportunity cost

Lesson 3: The repercussions of making a money mistake

Lesson 4: How to delay gratification

Lesson 5:How credit works

Lesson 6: Time helps money grow

Lesson 7: How money works in the real world

We wholeheartedly agree with these lessons – although, dare we say it, we cover these points and more in a more fun and engaging way!

Link: https://money.usnews.com/money/personal-finance/family-finance/articles/2018-03-29/7-lessons-to-teach-your-kids-for-financial-literacy-month

This article starts with a provocative question: “[If] kids as young as seven can understand money, so why aren’t we teaching them?”

According to Young Money, a charity that specialises in financial education teaching resources, children form financial habits from the age of seven, yet financial information isn’t taught until secondary school.

At Monsters Money Club, we could not agree more. Please see our “Stories” section of our website to learn about how we are helping schools and parents with developing financial skills in their children

Link: https://inews.co.uk/inews-lifestyle/money/rising-debt-why-we-need-more-financial-education-in-schools/