Editor’s Note: What can you do to teach your kid financial literacy? It’s a question we often get from concerned parents. Here’s our answer.
First, your lessons have to be simple. Even adults glaze over when you talk about interest rates, fees, loans, etc.
Second, your lessons have to fun. I’m not going to go into the psychological studies of how making an activity fun drives learning, but remember that lecture you dozed off in in uni? Yeah? It’s just like that for your kids.
And that’s two of the biggest reasons why most financial literacy classes fail. And also what the people at Kids @ Switch solve best. They make financial literacy simple and they make it fun.
Today, we have one of them, Eugene, the Chief Creative Officer, to talk about the issue. If you have a kid, listen up. Enter Eugene.