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Teach Kids Financial Governance !!!!

CONCEPT financial management should be taught to children as early as possible.Knowing the concept of money management from an early age can give children a good foundation to manage its earnings in the future.
In addition to academic education, the child must also be taught life skills education will be equally important for the development later when dewasa.Salah which is the management of personal finance. Teaching children pemahamanmengenai financial governance is, in truth must begin early.
However, it must be tailored to the age of the baby. Financial management skills are very important for everyone because its benefits will continue to be felt until later retirement.Parents as a central figure in the financial education outside the school have an important role. This role will be reflected in how children manage finances.
A study in the United States shows, the lack of knowledge of children in the midst of today's consumption patterns can be dangerous. Research reveals that one in six students in the country do not understand that the stock of long-term bonds than doubled profits.
Another surprising fact is, only one of five students who understand that the interest paid on a savings account will be taxed. The results of this survey is the worst in a series of six tests during the last 11 years.
"Children do not quite understand about finances. However, most parents do not understand how to educate their children to manage money, "said Executive Director Laura Levine, JumpStart Coalition, as quoted by Time's online edition.
In the book The Intelligent Investor by Benjamin Graham mentioned several age levels of children when parents introduce money management in children. In children aged 9 years, studying financial governance begins with the provision of a weekly allowance of half their age. The money is then allocated into three different piggy banks. The first piggy bank is used for consumer spending, the second piggy bank for long-term savings such as buying an iPod or computer repair, and last used for charity piggy bank.
With the allocation of money in three banks, the children will understand what the money is earmarked as well as provide an understanding of how important forecast of short-term goals and long term.
"I often talk to clients who successfully apply the understanding of the meaning of saving.No doubt, their children will be able to apply the habit of saving, "said Kelly Campell, an expert in financial planning of Campbell Wealth Management, Washington DC, United States.
Entering his teens, all of a sudden, usually they will spend money without being able to brake. Countless amount of money should be spent by teenagers like to watch a music concert, buy clothes, cell phones or gaming consoles.
In this phase, providing an understanding of financial management can help a child when a teenager is likely to consumptive. Environmental stresses and stimuli from the association is a challenge when implementing financial planning during ini.Prinsip use some piggy banks that adopted in the financial planning should be converted into a bank account, ATM cards and deposits.
Teenagers also need to master the basics of economics, such as differences in definitions of stocks, bonds, and mutual funds. Teenagers also need competent personal budget by considering a number of aspects such as price comparisons and stuff, make quick decisions and choose something useful.
"Teenagers will easily learn something by playing, learning directly, fun, and real," Lewis said Mendel, an expert financial planner from the University of Washington Business School, United States.
Age 18 years is an early stage of a child to adulthood. Needs at this age has been oriented to the future. For example, plans to enter college costs.
This age is the last chance for parents to direct the child in managing finances. Therefore, parents must be confirmed to return the child to put the priorities of the needs and desires.Children who have turned 18 years old will be faced with the economic terms that is more complicated, as a penalty for delay, minimum balance in savings, or loan arrears.
A study revealed that the best indicator to determine the success of financial management for the future is the children's willingness to delay gratification and spend money to strengthen long-term savings.
If parents are still giving an allowance to children of this age, was love in amounts large enough to allow him to allocate some funds in the budget. When parents have to teach children early on about the differences in the allocation of funds, especially the split between wants and needs, of course, the child will not experience problems in terms of finance.http://lifestyle.okezone.com/read/2011/08/07/196/489134/ajari-anak-kelola-keuangan

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