What is the meaning of Financial Education for children?

Learning from children is more enriching when it is constant. This is what happens with Financial Education, a concept that covers different aspects of life and that if taught from an early age, will prepare the youngest to make better decisions in the future.

Financial education is a basic skill to participate in modern society, people who do not know or understand the operation of different financial products and services and are prone to incur excessive and unnecessary costs; On the other hand, those financially educated people find in banking an ally to realize their dreams: Train, buy a house, create a business or simply to carry out daily transactions in a more efficient and safer way.

Inequality in formal academic knowledge and skills

 In many institutions visit their website, a large number of students enter with irregular academic backgrounds, especially in the disciplines of science and mathematics (STEM) and in writing.

Lack of informal knowledge about how to be a college student

A student might believe that the scant study he did at his high school will suffice in college when in reality it is not.

Insufficient  development of self-control skills In college,

 Students are often “alone” for the first time in their lives. Some channel their newly discovered freedom efficiently, while others cannot.

Financial Education for children

Impairment of self-efficacy and flexibility

Some Higher Education students start their classes unsure about whether they will be successful in their studies. Other students arrive expecting success, but when they receive one or more low scores on assignments or tests they question whether they can compete after all. When their self-efficacy fails, their  motivation to succeed declines.

A mindset that believes in skills more flexible than fixed  A university revealed that students (and others) often have one of two mentalities – or popular conceptions – with respect to their abilities. There are the flexible and what she calls “important theorists,” who believe that skills are fixed, in the latter case, when a student makes a mistake, demonstrates a lack of skills that causes embarrassment.

Impairment of ethical judgment Many of today’s students do not consider that behaviors, like cheating on a test or stealing documents, are ethical problems.

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