Benefits of Financial Smart Early on – Is it true that early childhood can be taught about finance? Isn't it too early? What's the rush for? Eits, make no mistake! Financial literacy for early childhood is very important, you know!
Financial literacy is essential life skills which is important to be instilled from an early age. This is because in our daily activities, we always involve financial transactions. For that, Whizparents should not be mistaken if financial literacy can only be applied by adults.
From now on, Whizparents can teach children by providing a variety of fun reading resources on financial literacy. In fact, Whizparents can also practice directly with children to use family money management app.
Anyway, being financially smart from an early age is one of the big capitals to live a better life in the future. Whizmin will provide several benefits, here. Listen to the end, OK!
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10 Benefits of Being Financially Smart From an Early Age
Well, here are some of the benefits of being financially smart from an early age. Don't miss it, okay?
1. Forming Character and Inherent Habits in Children
Early childhood is a time when children observe the actions of those around them to imitate. So that at that age children are easy to form behavior and habits.
So, all the actions and words done by the people around them, such as parents, siblings, or friends will shape the behavior patterns and habits of the child. It will also continue to be carried over until the child grows up, it can even affect their perspective in solving problems in the future.
Well, for that it is very important if financial literacy is instilled from an early age. Because this knowledge will certainly be internalized in them which will later shape the character and habits of managing finances in the future.
From now on Whizparents can introduce children to the importance of money, the benefits of saving, and even teach between needs and wants.
2. Improve Brain Working Ability
Loh, what does that have to do with increasing brain capacity? Children have the ability to duplicate the words and actions of those around them. The child's brain has the ease of receiving and absorbing something.
Based on the results of research by Levitt (2009), the ability of the human brain to respond to something will decrease with age. As people age, efforts to increase the ability of the brain to work are getting higher.
This means that in shaping the behavior and habits of children requires easier efforts and produces greater influence when compared to adults.
For this reason, it is very important for parents, teachers, and also the government to provide knowledge about financial literacy as much as possible. This is because it will improve the ability of the child's brain to manage finances and also form financial habits.
3. Have the Ability to Invest Early
Professor James Hekmen a Nobel laureate in economics said that investing as early as possible can yield greater benefits later on. Because you already have knowledge and experience longer so your money will also be collected more. Your profit will also be greater of course.
4. Able to Distinguish Needs and Wants
Having a very sufficient knowledge of finance will lead us to a sufficient life. It can be said that financial literacy is a lifelong learning process, you know! Because in carrying out our activities always involve finances.
Well, if you are financially smart, you are also definitely good at distinguishing between needs and wants. Especially if it is helped by using money management apps. You will be more focused and your financial condition will be in order.
5. Avoid Mental Disorders
Health is the main thing. Especially when it comes to our mental or mental health. There are not a few people out there whose mental health is disturbed because of a lack of understanding of financial literacy. Most of them are not ready to face the financial condition in the future.
You don't worry, okay? Because if you have financial literacy, you will be mentally ready to manage finances. You don't need to be afraid that your health will be disturbed.
6. Avoiding Financial Crimes
Lately, cases of financial crime are rife. Such as fraud, misuse of transactions, or piracy. For this reason, the role of parents in recognizing this mode is very important. One of them is through financial literacy education.
Parents can teach children to always be aware of something about finances. Do not be quickly tempted by financial opportunities that are too easy.
For example, if it is related to the sale and purchase of goods. Make it a habit to always find out more about the seller or manufacturer information.
7. Don't Know Debt
Adults, teenagers, and even children should always be equipped with an understanding of debt. In this case, you can discuss it with your parents or closest people who have knowledge about financial literacy. Or even use money management apps which guarantees you to stay out of debt.
With money management apps, your finances will be guaranteed and you will not be familiar with debt.
8. Future Guaranteed
Financial intelligence will help you in the future. You will think carefully about how your finances will remain stable in the future. Even if you don't have enough savings. Your provision in managing finances will not make you feel less about your financial condition.
9. Understanding the Value of Money Early on
Money is one of the most valuable needs. Children or teenagers must understand this from an early age to avoid wasteful nature. Teaching children to set aside a little money is the right step to practice financial responsibility.
You can set aside money anywhere, you know! In fact, if you want something more practical and profitable, try using family money management app.
10. Wiser and Smarter in Managing Finances
Of course, if you already understand financial literacy, you will be wiser in managing finances. You will not feel deprived if the knowledge is already attached to you.
Now you also don't get confused to be able to add insight into financial literacy. Because in modern times there are lots of financial applications that help you to be financially smart. Its complete, safe, and attractive features keep you excited about managing your finances.
Read also: Bad Habits in Managing Finances to Avoid!
So, those are some of the benefits. Do you want your future to be safe by being smart financially from an early age? Hopefully from now on you will start to be interested in exploring knowledge about financial literacy, OK!
Oh yes, Whizmate, there is a special promo for you, you know! Check out the terms and conditions, come on!
Program Period Starts October 19, 2022 until November 19, 2022
1. Participant Requirements:
a) Whiz users are the type of parents who download (download) Whiz via the QR contained in the brochure that has been provided by the CoLearn Sales team
b) Users are required to register an account (sign up)
c) User has successfully connected account with at least 1 child account
d) The user has successfully made a top-up of at least Rp. 10,000.- to the parent's account
2. Prize Claim Terms:
– Program participants have met the requirements 1(a) to 1(d)
– Prizes in the form of a balance bonus of Rp. 100,000, - which will be given to the first 50 people every day during the program period
– Have never made a claim for prizes from any promo programs organized by Whiz or Whiz partners
– Only new user data that has met the requirements will be taken into account as the basis for claiming prizes
– Prizes will be topup to the Main Wallet Balance of the Winner's Whiz account at a maximum of 1×24 hours after all the conditions in point 1 have been met
3. This program is voluntary and free of charge.
4. Determination of Winners is the absolute authority of Whiz.
5. Whiz has the right to cancel the program at any time or cancel the awarding of prizes if in participating in this program the Participant is indicated by fraud without needing to be proven to the Participant.
6. These Terms and Conditions may change at any time according to Whiz's policy.
7. The program does not apply to Whiz employees.
8. Participants agree to these terms and conditions by participating in this program.
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