2024-05-07 09:16:21
One of the first steps for children’s financial inclusion is to promote
use of the piggy bank, but be careful, the traditional ones like
the famous little pig, those made of plaster or those of famous movie characters do not meet the objective, warn financial experts.
“Children need to physically see how they are filling up and even the older they are, the more boring and tiring it can become for the little ones in the house to start saving,” commented Juan Luis Ordaz, coordinator of the Financial Education Committee of the Association of Banks of
Mexico (ABM).
He added that if we do not encourage savings and financial education, when we start managing money as adults it costs many losses even to our own assets, which can even lead to bankruptcy.
familiar.
He insisted that savings banks at home should be transparent, not very
large and can even be made manually with recycled water bottles or a drink, which will encourage financial habits in minors, “small because in order to be stimulated, children must quickly receive a reward, otherwise they will lose interest,” he noted.
He highlighted the need to set a clear goal and purpose, because that stimulates people, if it is just saving for the sake of saving, “because I don’t have a motivation that drives me to do it in a better way,” said Ordaz, also director of Financial Education at Citibanamex.
He advised planning small goals so that children understand the importance of saving and saving money, that they are not as complicated as saving for a donut or a chocolate can be at first and that it is seen as a great achievement, rather than as a sacrifice. . “Financial education, saving
It should not be seen as a sacrifice, but rather I am going to give myself a treat and I have to give myself the treat soon so that they are quickly motivated with a reward that is like
children think.”
The piggy bank should be small at first to quickly see the result and then migrate to larger sizes as we progress. He then recommended creating piggy banks to undertake, where they can think about an investment or start selling some pens, candy or another product. that will teach the relationship with money.
The personal finance expert indicated the importance of raising awareness and teaching children about saving to donate to other people who may need it with a more managed concept, that is, I can save 10 pesos daily for my own piggy bank, for undertake 6 pesos and the donation 3 pesos,
That’s setting goals. “We are teaching the little ones that having money is good and that with money we can be better off, but we can also help other people.”
He highlighted that a very important fact is that if I want my son to save, the father also has to set an example, “if not
They see us doing it like traditional habits like brushing our teeth or bathing, they are not going to do it either.”
Sofía Macías, economist and creator of the Little Capitalist Pig, pointed out that we must go one step beyond the piggy bank.
For the personal finance expert, we mistakenly stayed with the idea
to save the change or whatever is left over and that is our savings.
He recommended that the piggy bank be accompanied by a goal. “I want to raise 2,658 pesos for this or I want to raise 4,200 pesos for a new iPad.”
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2024-05-07 09:16:21