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Tips for Teaching Kids About Financial Literacy

What is financial literacy? President Bill Clinton explained it best: financial literacy is “a very fancy term for saying spend it smart, don’t blow it, save what you can, and know how the economy works.” Studies show that if parents work with their children when they are young, they will learn the power of saving early on and be more financially responsible as adults. Below are seven tips for teaching kids about money.

  1. Make it Fun
    You may think that your 8-year-old is too young to learn about finances, but that’s not true. Games like Monopoly, Life, and Pay Day are great ways to teach your children about basic finance: how to make money, how to spend it, how to save it, and yes, how to blow it.
  2. Be a Good Role Model
    Your children are watching you. Financial literacy is not taught in most schools, so it’s up to you to help your children understand the value of money. Make a budget yourself and include essential categories: expenses, savings, giving, and emergencies. Show them how to make a budget like yours.
  3. Discuss Your Spending and Saving Habits
    Seventy percent of parents have some reluctance discussing financial matters with their kids. Don’t let that be you. Discuss your spending and saving habits with your children, even if it feels uncomfortable. Involve them in family purchasing decisions; for example, doing research and comparison shopping when buying a car.
  4. Give Them an Allowance
    Many parents give their children allowances, but not all make them earn it. It’s better to connect chores with allowances, so your kids learn to tie work with income. Teach them how long-term saving can make that money really count.
  5. Talk About What Money Does
    Even with elementary-aged children, you can discuss the importance of money and what it can do. Use teachable moments, perhaps as simple as bill-paying, as everyday examples of the cost of basic needs. They may not realize how much internet services cost or that electricity is not free.
  6. Let Them Work
    High schoolers are not the only ones who can work. Middle schoolers can mow lawns, babysit, and do odd jobs for neighbors.
  7. Encourage Saving
    Forty-eight percent of kids usually spend money as soon as they get it. It’s your responsibility to help them understand the importance of saving. Assist them in developing saving goals, so they think before they spend that hard-earned allowance, birthday money, or holiday check from grandma.
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6 Tips to Raising Financially Literate Kids

No one wants to consider their kids may be dependent on them long after they’re out of school or that they may face mountains of debt. Teaching teens about moneyHowever, these fears could become life-changing realities if parents wait too long to teach their children about managing money.

Some schools are beginning to embrace financial literacy, but who better than parents to teach healthy financial habits and serve as role models for wise money management?

These tasks may seem a challenging, but it’s not as difficult as you might think to teach your kids good financial habits. We’ve gathered important tips from 10 parents who are financial experts, consultants and bloggers, all of whom are raising financially savvy children of their own.

Take a look at what our experts have to say:

  1. Start Early
    Here’s something many parents don’t realize: Starting early is one of the smartest things you can do to teach children money basics. You might think that money talk will go over your toddler’s head, but research shows that, by age 3, kids already can understand basic financial concepts like value and exchange. What’s more, by age 7, many of the habits that will help kids be smart with money – like the ability to wait and to delay gratification – are set for life.
  2. Teach Them to Build Credit Now
    When it comes to setting your child up for a solid financial future, having a conversation about the role credit will play in their lives is a must. As students turn 18, they become bombarded with credit card offers – and if they are not aware of the pros and cons of credit cards, they can find themselves in debt. Many young people are not aware that credit affects their ability to get a decent interest rate when financing things such as a house, a car or any other major purchase, as well as influencing their car insurance rates.

Now is the best time to become intentional about teaching your children about lending and borrowing. You can give your children loans and have them pay them back by a certain date to get them into the habit of paying their bills on time. And as your children reach middle or high school, go through your credit report with them and use it as a teaching moment.

  1. Challenge Kids to Cheapen Their Eats
    Use grocery shopping to teach kids this important life lesson – when you go to the supermarket, you’re not just pushing your cart through the aisles, you’re wheelin’ and dealin’.

Fact is, home-cooked meals are a big money saver and they’re healthier too, because you have control of the ingredients. Kids can learn how to save money on food by helping you plan a weekly menu around sale items; they can help you load digital coupons on to your grocery store loyalty card. They can learn to become super savers by combining sale items with coupons and stocking the pantry and freezer with bargain buys. You can show them how to use apps, such as ibotta to get rebates on groceries.

  1. Set Savings Goals
    If there’s something your child desperately wants, like a new pair of Nike sneakers, teach them how to set a savings goal. Offer to match their savings to pay for the “want.” Assign money-making chores or encourage them to increase their babysitting or lawn care tasks to pull in more money. Demonstrating how money must be earned in order to fully finance a want is a wonderful lesson, and your kids may decide all their hard work is worth more than a pair of trendy shoes.
  2. Teach Kids to Delay Gratification
    We are working on the financial basics right now with our young son. Our first fundamental lesson is on delaying gratification. We started by limiting his Halloween candy consumption to just one per day. Luckily, he went along with this plan without much protest. He has been to the dentist before, and he doesn’t want any cavities.
  3. Don’t Pay Allowances with Cash
    Teaching kids how to use money is important, but it’s even more important to teach kids how to use money in the ways they’ll actually be using it. We live in a world where few people use cash, and most people use debit or credit cards for all of their purchases. Unfortunately, if people don’t have experience managing their money digitally, they can quickly end up spending more than they earn.
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Why Is It Important To Teach Children About Money?

Why Is It Important To Teach Children About Money?

Children start to learn about money from early childhood. Parents and carers have the most important influence on how children deal with money in adult life. Teaching children about money helps them manage their own finances as they get older. There are lots of age-appropriate ways to do this by keeping it simple and making it fun.

Teaching kids about money equips them with the knowledge and skills they need to manage their money effectively now and in the future.

Children who do better with money tend to have parents/carers who talk to them about money and give them responsibility for spending and saving from an early age.

Take some time to think of your own money habits:

  • Did you pick up any of your money habits from your parents or caregivers?
  • What good money habits can you trace back to your childhood learning?
  • What bad money habits can you trace back to your childhood learning?

Teaching children about money will help make their future more secure. So the sooner you start developing their financial skills, the sooner they can start to hone those skills.

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Important Money Management Lessons for Kids

Important Money Management Lessons for Kids

Parents are constantly teaching their children about money management, whether they’re aware of it or not. Kids pick up on whether you plan your shopping, put money into savings, or spend irresponsibly.

At its most fundamental, teaching kids about money is about setting a good example. You should also take the time to help your children learn how to manage money with specific lessons. Here are good money management lessons to teach your kids:

1. Start With Physical Currency, Then Teach About Banks

With younger children, physical currency is a great, tangible way to learn about money. Whether you teach them to put their coins in a piggy bank or keep paper money in designated envelopes, handling money demonstrates the basics of money management.

As kids get older, around ages 9 to 12, they are capable of learning about savings accounts and why they’re important. Kids in this age group can set aside part of their allowance to put into an interest-bearing bank account to get into the habit of saving money for later. High school students can learn to use representational currency, like debit cards, for money management.

2. Teach Kids About Saving, Sharing, and Spending with Allowance

Whether allowances are tied to chores is an individual decision for each family. One method that works well is to give kids a flat allowance in exchange for the basics expected of them (like making their beds and feeding household pets), and giving them the opportunity to earn more with bigger chores (like mowing the lawn or handling the family laundry).

However you deal with allowances, you should emphasize that saving and sharing are just as important as spending. Kids can set aside money for saving and for charity in separate piggy banks or envelopes if they’re young, while older kids can use a bank account for setting aside portion of their allowance.

3. Help Kids Learn to Comparison Shop

Children in elementary school can understand the basics of comparison shopping. Let kids see you making a shopping list and looking at sales circulars in order to note where certain items cost less.

Take your child grocery shopping with you and show how you compare brands to make your money buy more. When your child wants to buy something with her allowance or money she’s been saving, show her how to comparison shop with online sales circulars and by checking store websites for prices, so she can get the most for her money.

4. Encourage Older Kids to Earn Extra Money

Middle school-age kids may not be eligible to get a traditional job, but that doesn’t mean they don’t have opportunities to earn extra money. Here are some ways kids can earn a little extra:

•Collecting recyclables and taking them to the recycling plant
•Organizing and setting up a family garage sale
•Doing yard work in summer, and snow shoveling in winter for neighbors
•Babysitting
•Doing housework for elderly or infirm neighbors
•Tutoring students who are struggling with academic subjects
•Pet sitting and dog walking

5. Teach Children the Importance of Giving

While earning, saving, and spending are important, so is helping out those less fortunate. Explain to your kids why you give money to charity and encourage them to give some of their allowance or other earnings to the less fortunate. Learn about what your child feels strongly about and show him ways to help. If he loves animals, for instance, help him raise money for a local animal shelter.

If he’s especially fond of his grandparents or great grandparents, find out if he can help with your local Meals on Wheels program. Children should understand that giving of their time is an important way to help others when they don’t have a lot of money to donate.

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Budgeting and Saving – The Art of Money Management

Budgeting and Saving – The Art of Money Management

Life gives us surprises. At any point in time, we can also encounter a situation like this if we do not have the habit of making a budget, planning our expenses and saving money to provide us support at the time of such unexpected expenses.

Money runs our life. All commodities, necessities and luxuries are bought by spending money. It is the most important thing in today’s modern world. The art of budgeting and saving works out a lot for survival. We all need it. But sometimes, we fail to understand the importance of spending money sensibly and saving it so that it can be utilized in our time of urgency.

We can save money only when we spend it according to a plan and keep our expenditure under control. The whole process is called budgeting and saving, the skill is “Money Management.” Let us have a look at how we can budget our money so that we can save it to make our future secure.

Tracking earning and expenses

An ideal budgeting and saving clearly reflects how much cash flow we have and how much is required to meet our monthly expenses. In simpler words, it’s Income vs Expenditure. To figure this out one can track the same for a couple of months to frame a budget.

Cutting down on “not so necessary” expenses

There are some expenses that we can not avoid like rent, electricity, groceries, or college. And then there are others which are avoidable like shopping for clothes and accessories, eating out often, buying fancy gadgets. We need to avoid the avoidable expenses to save money.

Use your credit card only when required

We all are getting addicted to the concept of Plastic Money. One of the side effects of this is credit card bills. Try not to use your credit card as much as possible to avoid high interest rates and fees. It will help save a lot of money.

Miscellaneous expenses budget

This technique means keeping a little amount aside every month which is neither your budget nor savings. This helps you deal with expenses which are not necessary but unavoidable at the same time like birthdays, anniversaries, doctor’s bills.

If we try to follow the above-mentioned points we will be able to plan our expenses well, which will help us save money for our future and emergency situations where all of the sudden we need money to accomplish something.

There are many ways in which we can save money. Putting money in bank accounts, or even making some investment like fixed deposits or insurance policies. These are some of the wisest ways of keeping money safe and getting future benefits. Investing money in property and gold is also a wise decision to make.

Some people invest money in stocks, which is considered risky, so one needs to have good knowledge of how things work here before putting money into this.

It is also advisable for parents to help their kids get into the habit of saving money from a young age and start teaching kids about money by giving them examples. It will be beneficial for them when they grow up and they will also learn to value money as an asset.

Conclusion – Budgeting and Saving

Budgeting and saving looks easy on paper and also sounds simple but, getting into this habit and then following it needs some practice and firmness of mind. It is easy to give in to our temptations to enjoy life, spend whatever we have, and enjoy all the luxuries around us. We should do that, but wisely.

Promise yourself to keep a fixed amount of money from your monthly income for saving and also invest the saved money wisely, once you have the right options available.

It will make your future safe and secure and you will have to face less trouble at the time of your emergencies. Enjoy life but remember to secure the future for you and your loved ones.

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Teaching Kids the Value of Money

How to Teach Kids About Money at Every Age
Teaching Kids the Value of Money

Five- and 6-year-olds are starting to develop the cognitive skills necessary to understand basic monetary concepts, such as identifying coins, figuring out how to count change, and matching small amounts of money to items they want to buy.

Aside from acquainting kids with the basics of economics, lessons of money management for children have other benefits. “Money is a stand-in for many of the values we want to teach our children,” says Janet Bodnar, author of Dollars & Sense for Kids.

“If youngsters learn how to spend wisely and delay gratification, they will develop patience and planning skills in other aspects of their lives.”

Personal Finance 101

To increase your child’s money smarts, try these strategies:

  • Explain how money works. Your child needs to know there’s not a little printing press inside every ATM. Explain that the bank is like a big piggy bank where you keep your money until you’re ready to use it. Tell her that when you spend what’s in your account, it’s gone until you get paid by your boss and can put more in. She should understand that you can’t buy whatever you want and that you need to make careful choices about how you spend your money.
  • Build your child’s money skills. Reinforce lessons he’s learning at school by making a chart that illustrates basic money equivalents. Post it on the refrigerator or in your child’s room. Help him practice exchanging pennies for nickels and dimes and quarters for dollars. Play store by putting price tags on items around the house: 50? for a pencil, 75? for a rubber ball, $2 for a Hot Wheels car. Help your child figure out the cost to “buy” each one. Then hand him two one-dollar bills and explain that he has enough for the pencil and the ball or just the car, but not all three. Let him choose.
  • Give your child a small allowance. It should be enough for her to buy minor items, such as trading cards, hair clips, or ice-cream bars. The next time you go shopping, tell your child to bring her money if she thinks she might want to purchase something. What if your child has blown her wad and still begs for ice cream? Tell her she’ll have to wait until the next allowance day, Bodnar recommends. “If you give in, you’ve defeated the purpose.
  • “If your child wants something big, such as a new hardcover book or a toy, help her figure out how much she needs to save each week in order to buy it. Make sure she has a clear plastic bank so she can watch her money grow. However, Dr. Blackburn advises teaching kids to do more with their money than spend it on themselves. She suggests encouraging them to donate part of their allowance to charity.The majority of experts agree that a child’s allowance should not be tied to household chores. “Children should help out around the house because they are part of the family, not because they are being paid,” says Irene Leech, Ph.D., an associate professor and extension specialist in consumer education at Virginia Tech University, in Blacksburg.
  • Let your child do some spending. When your child wants to make a purchase, help her count out the correct amount. Have her hand the money to the cashier and wait for her change. If your child wants to blow $3 on vending-machine toys instead of waiting to combine it with next week’s allowance to buy a Beanie Baby, point out the trade-off but leave the final decision to her. Tracy Barta, of Zionville, Indiana, lets her sons, 9, 7, and 4, spend their allowance as they wish. “But I have veto power if I think an item is inappropriate or too sticky to eat in the car!” she says.
  • Offer ways to earn extra cash. Kids need to learn that they can increase the amount of money they have but that they have to work for it. Make a list of jobs your child can do above and beyond her routine chores, such as raking leaves or polishing silver, along with the amount you’re willing to pay for the job. Paul Tedder, of Nashua, New Hampshire, says that when his daughter, Meghan, 6, wants to buy something specific, she offers to dust the furniture or wash the car for a fee. “What’s scary is when she wants to give me one of her three-dollar haircuts!” Tedder quips.
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Starting early: How to use allowance as financial education

Top 10 Tips on Teaching Kids About Money
Starting early: How to use allowance as financial education

For many families, allowance is just that — money that children can use at their discretion. But allowance can also be used as a valuable tool to give your kids a head start on learning about money, including how to budget, how to prioritize needs and wants, and how banks work. Starting early is key to building strong financial foundations. So, to help you get started, Union Bank & Trust has put together some tips on how to turn an allowance into learning opportunities.

Start with the basics

The amount of allowance you give your children is up to you, but even younger children can start learning financial management skills. Experts suggest $0.50 a week for each year of a child’s age; for example, 5-year-olds would receive $2.50 a week, and 10-year-olds would receive $5 a week. Decide on an amount and frequency that makes sense for your family, then give them their allowance in cash — this helps them to visually see their money increase or decrease when they save or spend.

Set expectations

As you discuss allowance with your kids, it’s important to establish guidelines. How long do they need to make the allowance last? Do they need to ask your permission before making purchases? Do they need to earn the allowance with chores, or is it freely given? Once you decide on terms for allowance, work with them to divide their cash into different buckets to spend, save, and give. A good target is to delegate 10% to savings, 10% to charitable giving, and the rest as spending money. This is also a great opportunity to teach your little ones about charities, nonprofits, and the importance of giving back and helping others in need.

Add in best practices

It’s never too early to set up a savings account for your child! Savings accounts give them a dedicated place for their money, and having the money safely tucked away in a savings account can help prevent impulse purchases. Savings accounts will also teach compound interest and can help motivate them to save more for the bigger things they want to buy. Additionally, tracking and monitoring their savings and their purchases can help develop both their math and banking skills.

Develop financial responsibility

As your kids get older and more experienced in their money management, give them more responsibility and higher expectations of what they earn and manage for themselves. If you feel comfortable, increase the amount of money you give them and what expenses they are responsible for. Giving them a certain amount for lunch, clothing, and necessities each month lets them practice budgeting but also lets them fail in a safe space. The average person takes three months to get a handle on their budget, so failing is expected, and important! For example, if they spend all their lunch money in the first week, they have the natural consequence of relying on home lunch for the rest of the month. It might seem harsh, but by doing so, you can help guide them through spending and saving for bigger expenses, like college or a car. As your child gets older and well versed in budgeting and savings, you can also introduce other categories of saving and spending, such as a checking account with a debit card or an investment account. 

Teach by example

Money doesn’t have to be a taboo subject with your children — in fact, consider walking them through your own bill-paying process and how you save. Exposing a child early to the reality of money, expenses, budgeting, and saving sets them up for success as they become adults and eventually manage their own money. 

No matter how you handle the specifics in your home, an allowance is a powerful tool for teaching kids about money and the importance of saving.

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The Critical Importance of Financial Education at a Young Age

https://connollytim.home.blog/wp-content/uploads/2020/11/51591-1xdmjos0r2ino7s0hvidppq.jpeg

It is an unfortunate reality that many times, kids do not get adequate (or really any) financial education while in school. However, this is a fundamental survival and life skill that needs to be taught to youth from very early. It is essential that this trend changes to serve our children better as they grow up. If they don’t understand how to budget, plan for the future and manage their money, they are at higher risk of making financial missteps in their adult lives that could cause them lasting financial struggles and inhibit their futures. It’s critical that we don’t fail them as they grow.

What Is Financial Literacy?

The Culmination of Knowledge

Financial literacy is the confluence of credit, financial and debt management. It is the knowledge that is needed to make financially responsible decisions. This is an essential part of everyone’s life, and it’s important for kids to understand the choices they will undoubtedly be faced with, and the lasting impact those choices can have.

Basic Budgeting & Banking Know-How

An essential aspect of financial literacy is understanding how to properly balance a budget and checking account, write physical checks when needed, and even simple knowledge such as the difference between a cashiers check and money order, and what those two items may be used for in their future.

Understanding Credit Cards & Loans

While credit cards and loan offers can be extremely attractive, it’s important that kids realize how these programs work and the dangers and implications of getting into debt at an early age. It needs to be more clearly expressed that credit lines are not free money and that they need to pay it back. They also need to understand what interest rates mean and how much more they could end up paying if they don’t pay off any debt incurred quickly. This is becoming an especially critical topic with the rising rates of crushing student loan debt some young people are getting into for their educations, without considering the long-term impact of repaying the mountain they borrow.

Why Is It so Important?

More Financial Decisions Than Ever Before

In the past, many people would rely on pensions when it came to retirement. This is a thing of the past, and not many companies even offer this option any longer. Consumers weren’t involved in this benefit and did not have to monitor or contribute to it. Now, retirement planning is something that it’s imperative for younger generations to understand, as most companies instead offer 401K plans. They now need to decide how much they want to contribute and make their own investment decisions.

Investing & Savings Choices

There are many more complex options when it comes to investment and savings products. Understanding what the different portfolios consist of, what ‘risk’ or ‘aggressiveness’ means in these terms and even a basic knowledge of what some of the many different options when it comes to interest rates and maturities may be can help them make smarter, more informed decisions as young adults.

Social Security Isn’t a Promise

In addition to pensions, past generations were also able to depend on Social Security as a significant part of their retirement income. It is debatable whether or not this will be available in the future for younger generations. Even if it is, the amount paid will not be enough to live on, so other options will need to be planned for in order to live comfortably and happily in retirement.

Living Longer = Larger Retirement Required

The great news is that with the advances in modern medicine, people are living longer than ever before. However, with a longer lifespan also comes a longer retirement and therefore, more money needed to retire. Teaching school-age children that they need to be consciously aware of living in retirement and plan accordingly is essential, especially considering they will need to plan on having more money for retirement than their parents needed.

Environmental Shifts

There are many more factors that can affect the global marketplace than in the past. Things are always changing due to technological advances like electronic trading. This can make it difficult to create a financial plan that can stand the test of 30 or 40 years because the world advances far too quickly.

Overwhelming Options

There are so many companies out there to choose from including credit unions, banks, insurance firms, financial planners, mortgage companies and brokerage firms. Choosing between these many options and specialties can be very overwhelming and giving our children a basic knowledge of what each specialty in the financial industry is suited for can help prepare them for these decisions in their future.

Why It Matters to Our Next Generation

Providing Them with the Financial Foundation to Thrive

We all want the best for our kids, so it’s crucial for them to understand how to budget and plan for the future. We want them to be able to fend for themselves and know how things work in terms of financial planning from a young age so they don’t make decisions as young adults that they are suffering from for years to come.

Helping Them Sidestep Common Financial Pitfalls

When kids understand how money, budgeting, and debt works, they are more prepared for the future and the major decisions they can legally make at the young age of only 18. Not only can they prepare for retirement once they get their first job offering 401k or similar benefits, but they will more in-depth understand the elections they are making and the enrollment process won’t feel so overwhelming.

Additionally, they will be ready to avoid jumping into lots of credit card and personal loan debt and maintain a household budget. It is well known that some companies that offer loans can have often nearly predatory lending and advertisement practices to try to get consumers to agree to something they don’t even fully understand, taking loans they can’t repay with impossibly high-interest rates. We must take control of arming young adults with knowledge against these practices and how to protect themselves.

Financial Literacy Must Be a Cornerstone of Education

The point remains that to teach money management to children for planning their own futures, they need to learn the importance of money and implications of debt at a young age. School is an excellent opportunity to teach our next generation the skills of financial decision making, budgeting, and banking basics.

We want to give our kids the best tools so they can succeed in their lives. A vital piece of that is adequate financial education at a young age. This will help them as they separate from their parents and venture out into the world on their own, full of overwhelming choices that can have lifelong consequences.

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Start Money Management Early

How to teach your kids about money - Times Money Mentor

As adults, we know … (well at least some of us are learning) that money management is extremely important! Depending on how you were raised, you may or may not have learned the importance of money. Why giving back, and saving are just as important as spending what you earn. We have all heard the term “The rich keep getting richer”, and we believe this has a big part of what you were taught as a child.

If money management is something you are struggling with or something you are interested in instilling in your children, check out the book “Rich Dad Poor Dad” by Robert T. Kiyosaki. Another AMAZING book on teaching you how to get out of debt and live debt free is “Financial Peace” by Dave Ramsey. We are big Dave Ramsey fans. His books have helped Mom Together Founder, Ashlee Nino and her husband clear $15,000 of debt in a year!

On a fun note… here is a super simple project you can do with your kids. If you keep this up, we guarantee they will remember this type of money management and their older self will thank you! Help your kids create their own “Bank.” We took three blank envelopes and labeled them “Spend, Save and Give.” Have your kids decorate them in any way they want.

Now comes the fun part … Allowance! Teaching kids about money is so important. You can have them help out with basic age appropriate chores. Make sure to be clear with how much they will be getting paid for completing these “jobs.” Once they have earned their money, explain to them how your bank works. We have to save some, (bills, savings, etc.), Give some (whether you tithe at your church or choose to give to charity) and then you are able to spend what’s left! With Marlo we decided to split his earnings evenly. 

At the end of every month Marlo is allowed to give what is in his “Give” envelope and spend what is in his “Spend” envelope. We have decided as a family that we will save his “Save” envelope for a big day like his Birthday or Christmas. This month Marlo has decided to use his “Give” money to buy toys for kids that don’t have any. You could not be any prouder of this little nugget! 

Posted in Discipline in kids, Financial freedom, money management, Parenting, teaching teens, Uncategorized

School’s Out: How to Teach Your Kids from Home

Juggling education and employment can be really difficult. Let alone someone else’s education, and your own employment. In the past few weeks, many parents have found themselves having to teach their children from home. All while holding down a full-time job remotely. 

So for those of you who are suddenly faced with the role of full-time worker and part-time educator, I hope this week’s post will provide a helping hand. 

My aim is to use the skills to help carers figure out how best to teach their children, and my own experience in teaching to figure out what to teach them.

How to teach  

1. Intentions

My first step is to find the “why” behind the lesson. To ask myself: what is it that I hope to achieve? 

Specific aims tend to work best. Non-specific ones, such as “improve Maths skills” or “get better at English” are too vague. They’re difficult to measure, so can leave both parties feeling frustrated. 

Instead, I prefer to set really precise goals, which can be achieved in an hour or less. Something like: understanding a specific extract of literature, or getting to grips with a single math problem. 

I have found that, when teaching, building confidence is just as important as building knowledge. It’s better to go slow and achieve mastery, than race through and leave the student feeling lost or inadequate. 

2. Learning Styles 

In my experience, kids learn best from a place of curiosity, rather than a sense of obligation. But curiosity is deeply personal — what makes me curious might make you want to take a nap. 

This is where Learning Styles come in. In NLP, it is thought that people fall into three categories when it comes to processing the world: 

  • Visual — a preference for pictures and images; 
  • Auditory — a preference for sounds; 
  • Kinaesthetic — preference for touch, sensation or emotion. 

You can be more than one of these at the same time. In fact, I would argue that most people contain all three, in varying proportions. Also, a different preference can be dominant in different situations or moods. 

For example, I’m mostly Visual — I learn best when watching something rather than reading about it. If I was faced with the exact same information — one as a YouTube tutorial and another as a transcript — I would absorb much more from the tutorial. 

However, when I’m upset, I become highly Kinaesthetic — I like to feel comfy, and often find myself mindlessly stroking what I’m wearing, like a scarf or a jumper. 

Figuring out a student’s Learning Style is really key, in my experience, to teaching. There are two ingredients to teaching — information and delivery. Learning Style is a matter of delivery. By teaching in a child’s preferred Learning Style, you leave more of their energy free to focus on the information itself.  

Once you understand your child’s Learning Style, you can start to tailor the lessons accordingly. For example: 

  • A child with a Visual preference might benefit from illustrations, drawings, a whiteboard; 
  • Someone with Auditory preferences might enjoy conversation as a way of learning; 
  • If your kid has a Kinaesthetic preference, they might learn best through stories and anecdotes. 

By understanding Learning Styles, you can not only get your message across, but also understand how it will be received. 

3. The Four Stages of Learning

NLP teaches that, in any skill, people progress across four stages of competence: 

  • Unconscious Incompetence (i.e. you don’t know something, and you don’t know that this is the case)
  • Conscious Incompetence (i.e. you don’t know something, and you know that this is the case)
  • Conscious Competence (i.e. you know how to do something, but only if you actively think about it)
  • Unconscious Competence (i.e. you know how to do something, without even having to think about it)

Very young children bypass the Conscious phase of the Learning Cycle (they move directly from Unconscious Incompetence to Unconscious Competence). They do this by copying what they see, without needing to understand why they are doing it.

But as children grow older, and start learning more complex ideas, they start to experience the discomfort of Conscious Incompetence. This can lead to feelings of self-blame and shame, for not understanding things “well” or “quickly” enough. Over time, learning can become associated with negative emotions, and therefore be met with hostility. 

Everyone has thresholds in energy, which vary for different things. When I was learning how to drive, I found myself getting really tired after an hour-long lesson. My partner, who has been driving for over a decade now, was designated driver during our time travelling, and frequently drove for 6 or more hours per day. His only complaint was how much Taylor Swift I subjected him to. 

Children operate in the same way. They have thresholds for learning. Existing in the realm of Conscious Incompetence or Conscious Competence can take a lot of energy.  

By understanding the Learning Cycle, you can recognise zoning out or a lack of interest for what it is — your child is starting to reach their learning threshold. 

For subjects they are Unconsciously Competent in (for me this was English), children can learn for longer. For subjects in which they have Conscious Competence, the threshold may be as little as ten minutes. 

Either way, recognising this, without judgement, creates a positive learning experience. It will also make it much easier to return to the subject later. When faced with a child’s learning threshold, I have found that the best thing to do is to move on, and return to the subject later.

The “What” of Learning

Achievement 

“You often feel tired, not because you’ve done too much, but because you’ve done too little of what sparks a light in you.”

— Alexander Den Heijer, Nothing You Don’t Already Know

Personally, I have found that my happiness levels are higher on the days where I feel like I’ve “accomplished” something. But it can be hard to get a sense of achievement during the lockdown. 

For me, discovering the VIA Character Test has been instrumental in this (they also do a Young Person’s version). The VIA Test helps you discover your key strengths. When I do something towards one of them every day, I get a sense of accomplishment. 

Here’s a full list of ideas. And this is what I’ve been doing: 

  • One of my strengths is “Curiosity”, meaning that I love discovering new things and engaging with the world around me. This can be tricky right now, but there are ways around it. For example, I’ve been getting in touch with someone new on most days, to catch up and check in. I’ve also been trying a new exercise every day (YouTube is great for this). 
  • One of my other strengths is “Love of Learning”. This means that — you’ve guessed it. Learning new things is fun for me. This sounds like it could only be a good thing. But it can be negative too, in that, without sufficient mental stimulus, I get easily bored. So, every day during the lockdown, I’ve been trying to learn something new – by spending an hour or so reading about something that interests me, but I don’t know much about. 

You can apply this approach to both yourself and your kids. By understanding their strengths, and doing something to “feed” these every day, you can help them to achieve a sense of accomplishment, even during the lockdown. 

The Old and New 

Having no syllabus can be a great opportunity to experiment. Even when I was teaching curriculum subjects, I found that people responded best to a mixture of stimuli. So — a combination of something established, like English or Maths, plus something brand new — like Philosophy or Psychology —  in every lesson, achieved the best results. 

For example, if we were talking about Modernist Literature, we’d also learn about what was happening in the world of psychology at that time (hint: a lot) and how the two things were influencing each other. 

Mixing old and new within a topic is also a good way to provide a lesson that’s both stimulating and confidence-boosting. Re-hashing old ground helps a child feel confident that they are good at something, because they already “know” it. But keeping it fresh stops them from getting bored. 

So those are the two options that I would use: 

  1. If you’re working with a syllabus and/or exams haven’t been cancelled, mixing old information (the subject) with new (the context) can be great. 
  2. If you’re working outside a syllabus, then this is the perfect opportunity to mix curriculum subjects (Maths, Science) in maths particularly you can focus on using it to teach money management for children with other kinds of skills (Meditation, Positive Psychology). 

Which leads us to…

Helpful Links 

If you are feeling like you need a break, or would just like to keep your children occupied, here are some additional tools which might help: 

  • The app-based tuition agency, Sophia, have started offering all their services online.
  • Holly King-Mand has been offering free English lessons every day since the lockdown began
  • Udemy offers reasonably-priced online courses, including kids courses in Art, Yoga and Writing
  • Headspace does short meditations for kids

Conclusion 

The last comment I would make, from an perspective, is that learning is state dependent. In other words, the mental and emotional state of your children will influence how effectively they learn. 

So, without the pressure of outcomes, like exams and grades, this can become a really wonderful opportunity to re-frame their attitude towards learning. To create positive associations, and to encourage them to learn by following and exploring their own natural curiosity, rather than out of a sense of obligation.