Global Institute For Lifelong Empowerment
Money matters are perceived differently across the age groups as different needs arise at certain points in one’s life. This article will look at how financial literacy can be viewed during our childhood, teenage years and early twenties, providing some examples from my own life experiences.
As a child (from 5-11 years) we don’t know much about the impact or importance of money. This is because our exposure to money was limited to having our parents or guardians provide for our needs and wants to their best ability. We believed the world is a big box of unlimited toys, food (which was hardly finished at times) and adventures.
Now as children, we may have seemed oblivious to money but in some cases when they are introduced to the primary functions of these copper coins and paper notes, they are able to make significant decisions that can change their spending/demanding behaviour. For example, a child that is exposed to how money functions and wants a new toy truck is more prone to start saving towards the toy truck rather than spend their pocket money on candy during lunch breaks. In my case, I was keen on spending my savings on strawberries which were found in only one farm. Most of the remaining money was either exchanged for paper notes or spent by my brother who convinced me to get more strawberries and sweets for the both of us.
But can what we learned as children still prepare us for our next stages in life?
Is it still viable to use just saving methods to get what you want and does discipline play a much bigger role in our development?
In this case, it may be better to agree because what we learn from a young age grows with us over the years even if some habits fall away. Our teenage years are a time when we may often try to be in control of our own lives, even though we are still living under our guardians’ roof.
Author:
Article Writer & Content Contributor
Share this article:
Disclaimer:
The opinions expressed in this article/publication are those of the authors. They do not necessarily reflect the opinions or views of GiLE or its members.
With saving the environment, high textbook demands, and engaging students all to consider, is all technology out there good technology?
In this article, we will look at 5 forms of technology that may be especially beneficial in classrooms.
The word “creative” is used so often in our daily life that we have started to lose its sense. What do we actually know about creativity?
Media literacy education has a direct connection with confirmation bias and filter bubbles. And it needs to be integrated into the standard curricula.
The reason why distance learning took off was because industries, the military, and the state saw a greater opportunity in vocational training.
The university‘s mission is to develop professionals for a better world.
A combination of negative and positive teaching and engagements styles can make or break a learner’s education experience.