What is the connection between money, education and our children?

In times when over 1.5 million of bank accounts were blocked by the Fisc, and two out of three Romanians are in debt to the banks, Romania they are below the European average in terms of knowledge about money or the mechanisms of the market economy. Regardless of whether we are at home or at work, whether we work with words or numbers, whether we are going through a period of economic crisis or fiscal relaxation, financial matters are part of our daily life, they dictate our priorities and influence the quality of our lives and those of our loved ones. And the existence of one or more children in our family makes any decision all the more important. The child itself represents the most important investment of any parent. In the United States, the average amount that a parent invests in his child before he moves out of the house for good is $200,000, and in Germany over 42% of a family's finances are invested only in children's education. In Romania, such data are not yet known, but common sense tells us that every parent should want the best for their little one's future. A young person who is informed and aware of his opportunities will certainly have more chances to succeed in life. But giving children everything they want is not a viable recipe for their future, but only for raising a young man who believes that everything is his due and that anything can be achieved without effort.

However, it's never too early to start teaching your little one that "the money they don't grow on trees". Financial education can enter the child's life naturally, without much effort on your part, but with unexpectedly good long-term results and effects.

How about when your five-year-old asks you for a certain toy or gadget, you tell him that he can only get what he wants if he contributes half the amount needed to purchase that item? Most likely, your child will learn, on this occasion, what it means SAVING and will know the feeling of satisfaction to be able to buy a certain thing with the money set aside by him himself. Moreover, it will take an important step towards independence and self-confidence so necessary in its becoming.