So we are having
the money talk right now. Does kid today need to learn about how to management money?
I mean, are they too young for that?
Well, the answer
is no, kids today are learning about money management, so they will not grow
into adult like us. I mean, I know so many people not knowing how to do their
taxes as adults. And of course I am one of them, and I am not proud of that.
According the
Ministry of Education in Ontario, financial literacy is defined as “having the knowledge
and skills needed to make responsible economic and financial decisions with competence
and confidence” (2006, p.3). Learning
about financial literacy is extremely beneficial for students since we are
living in a capitalist society.
Financial
literacy is highly valued in the current education system. The goal of financial
literacy is to equip students with knowledge and skills that enable them to understand
and respond to complex issues regarding their own financial status and their
families’ financial status(Arthur, 2012). Students will learn about how the
local and national economic system function and become well-informed citizens
of the country (Arthur, 2012). Arthur (2012) also stressed that teachers should
educate students on special concepts such as scarcity, value of different kinds
of jobs, advertisement, the value of free market, interest rate, inflation, as
well as various topic related to economic systems.
It may seems
very tricky for teacher to educate students on financial literacy.
The Surprising Way to Teach Your Kids to be Smart with Money | Ellen Rogin | TEDxSevenMileBeach
Teaching kids about money
Classroom Economy | Financial Literacy: TEACH IT!
References:
Arthur, C. (2012). Consumers or critical citizens? Financial literacy education and freedom. Critical Education, 3(6), 1-24.
Ontario Ministry of Education. (2016). Financial Literacy: Scope and Sequence of Expectations. Retrieved from:
http://guides.library.ualberta.ca/apa-citation-style/curriculum
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