About money for children: teaching your child financial literacy

Every parent wants to see their child happy and successful in the future. But are we doing everything for this? After all, our children will have to live in a world where possession of the necessary information decides almost everything. Do they know enough about the world of finance? Do they know how to properly handle and protect money?

This article is dedicated to the topic of financial literacy for children. In it you will learn how to properly introduce preschoolers and schoolchildren to the world of finance, what economic concepts a child should know, and also receive a lot of useful materials on financial education and awareness.

Content:

• What is financial literacy?
• Financial education of children What is the importance?
• What should a child know?

What is financial literacy?

Financial literacy is the knowledge, skills and abilities that a person needs to make smart financial decisions, as well as to achieve financial well-being.

A financially literate person is a person who:

• knows how to competently handle funds, preserve and increase them;
• keeps records of income and expenses;
• navigates the economic situation of the country;
• can recognize signs of financial fraud;
• fulfills its obligations as a taxpayer;
• knows how to navigate banking services.

For a long time, it was believed that financial literacy was necessary only for employees of financial institutions. But a 2017 survey by the National Financial Research Agency found that people are increasingly complaining about a lack of economic and financial knowledge that would help them, for example, avoid taking part in dubious financial transactions. And only 12% of respondents believe that they have a sufficient level of financial awareness.

Therefore, our country is now actively pursuing a policy to increase financial literacy among the adult population and the younger generation. Special literature is published for children, and economic games and applications are created. Information sites and online courses on personal finance management are intended for adults.

Financial education of children

What's the importance?

The world of finance seems far from a child only at first glance. In fact, children are included in the economic life of the family very early. When they go to the store with their parents, watch advertisements on TV, they receive an envelope with money as a gift from their grandparents.

Therefore, it is important to introduce children to financial and economic relations as early as possible, starting from 5-6 years old. By this time, they begin to develop logical thinking and increase interest in the adult world.

Financial literacy is developed as a child grows up and goes through various life stages: the first independent trip to the store, paying for travel, receiving pocket money, etc.

What should a child know?

Now let's talk about what children should know about the world of money and finance. All information can be divided into 5 large groups.

The first group is knowledge about money:

• what kind of money is there?
• how you can use money;
• how to count money correctly;
• spending money wisely;
• how to learn to save money;
• ways to protect funds.

The second group is knowledge about needs:

• what are the needs;
• desires and capabilities of a person.

The third group is knowledge about the product:

• familiarization with the concepts of “price”, “purchase”, “sale”;
• what determines the price of a product;
• how to determine the quality of a product.

The fourth group is knowledge about work:

• what kind of work there is, getting acquainted with professions;
• how to determine the product of labor;
• remuneration, familiarization with the concept of “wages”;

Fifth group – knowledge about the budget:

• what is a budget, what does it consist of;
• family expenses and income;
• what sources of income may be;
• ways to save your budget.

This information will help the child become familiar with and navigate basic economic concepts.

MAGAZINE Preschooler.RF

Finance, economics and a child seem too far from each other only at first glance. The child is included in the economic life of the family very early, encounters money, advertising, goes to the store with his parents, participates in the processes of buying and selling, thus mastering economic information on an everyday level.

The sooner children learn about the role of money in family and social life, the sooner useful financial habits can be formed.

Modern life dictates its own standards: in a market economy, a person at any age, in order to be successful, must be financially literate. Therefore, teaching the basics of economic knowledge must begin in kindergarten, because ideas about money and its use begin to form in preschool age.

The goal is to form the basics of financial literacy in children of senior preschool age.

Tasks:

• form primary economic concepts
• teach children the correct attitude towards money, how to earn it and use it wisely
• explain the relationship between economic and ethical categories: labor, goods, money, price, value - on the one hand, and moral concepts such as frugality, honesty, frugality, generosity, etc.
• teach children to behave correctly in real life situations of an economic nature (shopping in a store, paying for transport, etc.)

“I Choose” prompted me to take the problem of financial literacy seriously . What does it include? “goods” cards (food, vegetables, fruits, toys, clothes.), “money” (coins of 1 and 2 rubles, banknotes of 5 and 10 rubles). On the one hand, there is a number, and on the back of the card the number is duplicated with dots, for those who do not know the numbers. With the help of this game you can conduct the following classes: “Expensive - cheap” , “I want” and “need” , “How much” , “Planned purchase” .

While playing board-printed and didactic games ( “Who needs what for work” , “What time of year” , “Guess where it’s sold” ), children practiced recognizing and naming the professions of adults and items necessary for people’s work (hairdresser, seller, tailor, driver, artist, teacher, cook, doctor, accountant, etc.). And board games “Monopoly” and “Millionaire” will help reinforce economic concepts. Children got acquainted with the city's enterprises (bakery, dairy, furniture factory, leather factory, etc.) that produce goods during the didactic game "City Enterprises" . The purpose of this game is to consolidate children’s knowledge about professions, teach them to establish a relationship between the result of work activity and a person’s profession, cultivate interest in people of different professions, and respectful attitude towards them.

Children also mastered theoretical knowledge about the following professions: makeup artist, stylist, manicurist, waiter, musician, bricklayer, installer, painter, pharmacist, veterinarian, pediatrician, banker, accountant, personal financial consultant, loan officer and their practical application in role-playing games ( “Beauty Salon” , “Restaurant” , “Builders” , “Veterinary Clinic” , “Bank” ).

To maintain children's interest in this topic, lapbooks have been developed in which, through game situations, such important financial topics as “want” and “need” , “can/cannot be bought with money” , family budget, professions and attributes of professions, history have been developed. money, currencies of other countries.

Children were introduced to needs in the process of educational activities, for example: “What is a need” , “How did primitive people live and what were their needs” , “The needs of modern man” . Also, during educational activities, children became acquainted with coins of different denominations, with paper bills, and examined what was depicted on them and what was written. We also learned how people used to get by without money, which served as a substitute for it.

During the activities, attention was paid to issues of frugality and economy, covering such issues as saving water, saving energy, walking (instead of driving), a second life for things and creating with our own hands, as well as comparing prices and choosing based on price and quality.

The game "Shop" is very useful for children's development. Children can act as both a seller and a buyer. The required attribute for this game is money. Children are attracted to coins and they love to play with them, which means it needs to be used. We printed coins of 1, 2, 5, 10 rubles. The game “Shop” teaches the principle of commodity-money relations: in order to purchase something, you need to pay for it. We explained to the children the meaning of the words “price” and “product” . But the game "Shop" is not the only game where our children use money.

For example, the plot-role-playing game “Chauffeurs” . Our boys have great fun playing with these cars. But sometimes the game consisted only of racing cars in a group. And then we had to introduce certain rules, introduced fines. Before the start of the game, all drivers received a certain number of coins and discussed what they could spend them on (to refuel the car, or to visit a cafe). If a child breaks traffic rules, he is given a fine and he gives back all his coins. You can’t refuel your car without money, which means the game is over for him. But next time he will think about it. Therefore, games with coins are an excellent tool to combine business with pleasure and teach a child important things: understand the value of money, distinguish between their denominations, add and subtract them (in mathematics: we begin to solve problems, get acquainted with the composition of numbers).

We introduced the children to the concepts: “family budget” , “income” , “expenses” . They put the money that dad earned, mom earned, plus grandma’s pension into the bag. Then the circle was divided into sectors. These are expenses that a family spends money on every month. (one sector is food, the second is clothing, the third is payment for electricity, water, gas, for kindergarten, the fourth is medicine, if someone in the family gets sick, dad’s car breaks down - for repairs). They took coins out of the bag and laid them out in sectors. And then they looked to see if there was any money left in the bag. We concluded that the expenditure of finances must be planned.

Barter is the exchange of some goods for others. How can you explain to a five-year-old about such a concept as “barter” ? It’s very easy if you call on fairy-tale heroes for help. Naturally, before this game, fairy tales were read to the children and the behavior of the characters was discussed. A wonderful chest appears on the table - the keeper of fairy tales. From the chest comes a pot from the fairy tale “A Pot of Porridge” by the Brothers Grimm (the old woman gave the girl the pot in exchange for berries). The next item from the chest is a rolling pin from the fairy tale “The Fox with a Rolling Pin . The following items: a jug and a pipe. Using the example of these fairy tales, children learned to distinguish an equivalent (profitable) barter from an unprofitable one.

Also, watching a series of series of educational cartoons helped us get acquainted with economic concepts: “Smeshariki: The ABC of Financial Literacy” , “Fixies” , “The ABC of Money. . " They reveal the concept of money, price, family budget, financial planning, earnings, credit and deposit, and the structure of the economy. In addition to financial issues, the cartoon draws attention to what it takes to achieve wealth: education, hard work, ingenuity, perseverance and interaction with others.

A piggy bank is a symbol of growing up and independence. A child needs to have a small piggy bank and put coins in it, so he will not only understand the value of money, but also learn to store and save it. Many children in our group have piggy banks. Everyone shared their cherished dream and what they are saving money for. (This is a bicycle, a construction set, a doll, and roller skates.)

Advertising, as a phenomenon, has firmly entered everyday life. The correct attitude towards advertising should be cultivated - it is impossible to buy everything that is advertised, needs must be reasonable, and desires and opportunities must coincide. Why not use interest in advertising for educational purposes? They asked the children to make an advertisement for sweets. Children get involved in creating advertising with great enthusiasm. “playing” advertising, children learned what advertising is and what it is needed for. We got acquainted with professional terminology: advertiser, advertising agent, graphic designer. Learned about types of advertising: print, radio and video advertising. We concluded that advertising is needed to obtain information about products and places of sale. Products that are well advertised sell faster.

Children are a mirror of mom and dad, so in terms of saving and financial planning, they try to imitate their parents. If parents themselves do not know how to properly plan finances, then the child will grow up to be a financially illiterate person. Therefore, the formation of financial literacy is impossible without the participation of parents, their interest, and understanding of the importance of the problem. We conducted a survey among parents on financial literacy, placed visual text information “Children and Money” , and conducted consultations “Do children need to know about money and how it appears in the family?” , “Is it necessary or not to introduce children to the concept of “budget” ?”

As a result of targeted work throughout the year in this area, the qualitative indicators of the level of students’ knowledge development have changed. The number of children with a high level of development increased by 36%, and the number of children with a low level of development decreased by 22%. The presented results indicate positive dynamics in the development of economic thinking in preschoolers.

Introducing preschoolers to the world of finance

Psychologists advise starting a conversation about finances when a child becomes interested in it. Usually this is the age of 5-6 years. Children's questions must be answered at a level accessible to the child.

• Teach your child about the basic needs of the family

The son or daughter must come to the understanding that not all desires can be satisfied and that the money earned by the parents is spent on certain needs.

• When planning a store visit, make a shopping list with your child

If he doesn't know how to write yet, let him draw pictures. In the store, stick to this list and ask your child to help you choose a product. This will distract the baby from persistent requests to buy another toy or sweet.

• Teach your child to choose the right product and pay attention to quality and expiration date
• Introduce your child to the professions of all family members, tell them about specific responsibilities

If possible, take a tour of Mom or Dad's work. Explain that every work is important and useful.

• Do not leave things or toys damaged by your child without attention.

Explain that you can’t buy a new car because the money has already been spent on the one he broke. Offer to find a way out of this situation. For example, fix a damaged toy together.

Since preschoolers’ main activity is play, this means that the basics of financial literacy will be better learned in a playful way.

Teachers suggest using the following financial and economic games:

"Shop"

The child and adult alternately play the roles of seller and buyer. Both real objects and their images can be used as goods.

With children under 5 years old, it is better to use candy wrappers, pieces of paper or stickers as “payment” for goods. Older children can already “pay” for goods with real money: coins or bills that they receive from their parents.

"Bank"

The game introduces the child to the structure of the banking system and basic banking operations. Before this, it is recommended to take your son or daughter on an excursion to a real bank.

The child and the adult alternately take on the roles of a cashier and a visitor who needs to take out a loan, open a deposit or deposit money into an account.

Such role-playing games help children develop the necessary algorithm of behavior and master the culture of relationships between people in financial institutions

"Professions"

The child gets acquainted with various professions through games and activities in kindergarten.

Parents, in turn, can tell him about the work of each family member and play an entertaining game that reinforces the acquired knowledge.

The baby is offered cards with various objects and tools. His task is to determine which profession person needs this item and why.

"Getting to Know Money"

In this game, an adult introduces a child to bills and coins and teaches them to count correctly.

You can instruct your child to put small coins in a special jar, and at the end of the week count how much has accumulated.

Development of financial literacy in preschoolers through games

Bibliographic description:

Chekina, A. A. Development of financial literacy in preschoolers through games / A. A. Chekina. — Text: direct // Questions of preschool pedagogy. - 2022. - No. 7 (44). — P. 18-21. — URL: https://moluch.ru/th/1/archive/201/6489/ (access date: 01/03/2022).


The article defines the concept of “financial literacy of a preschooler”, and also reveals the importance of developing financial literacy in preschoolers through play activities.

Key words: financial literacy, funds, money, commodity-money relations, games, gaming activities.

Today, the Federal State Educational Standard for Preschool Education (hereinafter referred to as the Federal State Educational Standard for Preschool Education) imposes strict requirements on the development of a child’s personality, on methods of development, upbringing, and education.

Today, modern society requires an educated, intelligent, financially literate, sociable, successful, economically educated person. In order to meet modern life requirements, from an early age every child must receive the necessary knowledge and experience.

Financial literacy plays an important role in the development and upbringing of a preschooler. As you know, from birth children become acquainted with the economic component of the family, namely, they visit shops, cinemas, theaters, parks with their parents, see how their parents use money, how they pay bank bills, and get acquainted with advertising. All this forms the child’s first ideas about financial literacy. It is worth noting that many children today do not know the value of money, they demand to buy expensive toys that they simply do not play with, they demand expensive gifts, they do not know how to save money, and they spend the money themselves on unnecessary things. But earlier in the field of education this issue was not so relevant. Not only preschoolers, but also many adults lack financial literacy. With the development of capitalism, commodity-money relations acquired an important role. And in order for people to be able to competently plan their finances, manage wisely, live with dignity, without needing anything, children must be taught this from infancy, they must be taught how to manage their funds, skillfully accumulate, and even invest accumulated funds in the development of various enterprises and businesses. All this activity of “communication” with finances is important not only for individual citizens, but is also generally beneficial to the state. It is important to him / the state / that any person be able to earn and increase money so that he can provide for his family, organize his own business, provide himself and other people with jobs. With the development of the economy and new technologies, the state needs to provide itself in the future with financially literate people who will be able to rule the country with dignity, exaggerate its wealth, spend available resources wisely, and invest money skillfully. Consequently, today in preschool educational institutions programs are included in the educational process to study the basics of developing financial literacy in preschoolers.

The development of financial literacy has a beneficial effect on a preschooler. Firstly, life shows what it really is, secondly, it develops economic thinking, communication skills, literacy and, finally, thirdly, it develops personality. It is worth emphasizing that in preschool age, along with financial literacy, a desire for knowledge and education throughout life is formed. As a result, all classes in the economic education program are very necessary for preschoolers. Such programs create a powerful base of financial culture, develop morality, and innovative thinking in the field of finance [1].

As already noted, teaching financial literacy to preschoolers today is a completely new direction in the field of preschool pedagogy. Today this is almost a global social problem for all humanity. After all, only a financially literate person will be able to provide themselves with a quiet life, travel, give a decent, good education to their children, live in a better home, and not sit and wait for financial support from someone.

Financial literacy in preschool age is the education in a child of thrift, efficiency and rational behavior in relation to simple exchange transactions, a healthy value assessment of any results of labor, be it goods or money, as well as the formation in the child of a correct understanding of the financial world, which can help him become an independent and successful person who makes competent, informed decisions in the future [1].

Financial literacy, in turn, consists of the ability to earn money, the ability to spend money, the ability to save, take into account, and plan.

Considering the introduction of financial literacy into the educational process of preschoolers aged 5 to 7 years, it is certainly worth talking about not having complete knowledge, skills or abilities to effectively use money. But this age is the basis for establishing responsibility, frugality, and willpower, which are so necessary for the formation of a financially literate person in the future. It is these personality traits that directly affect the success of decisions made by an adult in the future.

Every parent wants their child to succeed in the future, they want their children to live in dignity, prosperity, and security, so they should explain to their children from a young age what money is, where it comes from, and how to use it.

Consequently, if a preschooler does not form the correct idea of ​​money, then in the future he will form his own, incorrect thinking about money. Children should know from childhood that money is not given for nothing, it requires work and effort. They must know where each product comes from and that it has its own price. It is worth explaining that money is a universal means of exchanging various goods and services among themselves, as well as a measure of measurement. In turn, they are made of paper, metal, iron.

Today money is of particular importance. They perform functions such as:

– firstly, a means of payment. With money you can pay for goods or services.

– secondly, evaluation of people’s work. Issued in the form of a salary.

– thirdly, a means of creating savings [2].

Every preschooler should understand that money is the result of work. For work, parents receive wages, grandparents receive a pension, students receive a scholarship for good studies, all the money that is the result of work is called income, which forms the family budget. Teaching your child the rules of using money is very important. Even if the job is good and the salary is satisfactory, you need to strive for more, create a “safety cushion”, passive income. Today, the ability to invest money and obtain good profits from this direction is beginning to acquire particular relevance.

A preschooler must understand that there is no need to spend all the money he earns, because he first needs to divide his income and savings: spend some on regular payments, for example, for housing and communal services, and save some for something, for example, a large purchase. The ability to save must be learned from an early age. After all, it is the ability to save that will make it possible to save money and live in peace, without subjecting the family budget to difficulties.

Educational activities with pupils include the following methods and techniques: direct educational activities, role-playing, didactic, board games; intellectual games and entertainment are of particular interest, where children solve educational, practical, game problems. Excursions and conversations are held with the aim of meeting people of different professions, reading fiction, fairy tales, proverbs and sayings.

All the methods and techniques discussed make it possible to develop financial literacy in children.

The main method for developing financial literacy of a preschooler is the use of gaming activities. Game activity is fundamental in organizing the educational process of preschool children. Therefore, the use of games is the most basic, key and effective teaching method.

The main form of learning for children is play. Directly through games, the child masters and learns about the world. Learning through games comes naturally to preschoolers. Children of preschool age get tired quickly, cannot concentrate for a long time, do not perceive information well, are constantly distracted, and can be restless, therefore educational activities and the formation of financial literacy are based on the use of gaming activities.

The need to use games to develop financial literacy in children in the preschool period is determined by a number of reasons [2]:

– play activity, being the main one in preschool age, also continues to have its weight;

– mastering educational activities and including children in them does not proceed quickly;

– age-related characteristics of children, which depend on insufficient stability, arbitrariness of attention, in most cases, involuntary development of memory, the existence of a visual type of thinking;

– lack of motivation.

Therefore, it is games that provide the opportunity to cope with all difficulties and achieve results. Kindergarten teachers teach the basics of financial literacy. Games for preschool children are an opportunity to comprehend adult life, modeling it by distributing roles, imagining oneself in different faces and qualities. Even the youngest children are already accustomed to counting through games using numerals: one clap, two clap, three, four, etc. While doing gymnastics with children, counting is also used: one and two sit down, three, four stand up , and five, and six jumped, etc. Numerals are used in many folk tales: three times the grandfather went to the sea to ask the goldfish for a blessing. Seven kids taught the evil wolf a lesson. Many children love to play store, where they learn to buy goods and count money.

Thus, completely different games are used in the educational process in the process of developing financial literacy. At the same time, children do not even realize that they are receiving some kind of knowledge, they are so carried away, thereby learning a culture of communication and behavior. The entire complex of games includes cognitive and educational content, which in turn makes it possible to solve problems in developing the foundations of economic knowledge in preschoolers.

Literature:

1. Morozova O. V. Introduction of the fundamentals of financial literacy into the educational activities of a preschool educational organization: Methodological recommendations / Author-comp. O. V. Morozova. - Murmansk: GAUDPO MO "Institute for Educational Development", 2022. - 50 p.
2. Formation of the foundations of financial literacy in preschool children. Scenarios of educational events and activities for children and their parents in preschool educational institutions. Collection of methodological developments / Comp. teachers, participants of the CMS “Financial Literacy” - Nefteyugansk region, 2019

Basics of financial literacy for schoolchildren

At school age, a child directly encounters the world of money. Pays for lunch in the canteen and transportation, and receives pocket money. Therefore, an important task is to develop a reasonable attitude towards money in a child:

• Discuss the amount of pocket money in advance with your child.

Plan where and what they will go for. Explain that if the child buys ice cream with this money, he will not have enough for travel.

• Have a conversation about protecting money

What to do if someone at school starts extorting money from a child and how best to store it so as not to accidentally lose it.

Make sure that no one threatens the safety of your child or extorts money in your absence. Always know where the student is, listen to what is happening around and quickly contact to help in time using the “Where are my children” application.

• In order for your child to learn how to manage personal finances, draw up a financial plan with him, where all income and expenses will be listed.

You can start with a plan for a month, then for six months and a year.

• The child should know that there are goods that he should never buy, even if someone asks him to do so.

These include cigarettes, alcohol and smoking mixtures.

• Primary school teachers advise against giving large sums of money to students at school, since children at this age do not yet know how to handle money with care and often leave it unattended in a visible place. For example, in an open pocket of a backpack or on a desk.
• Involve your son or daughter in discussing the family budget, planning major purchases and vacations. Together, discuss possible ways to save and cut costs.
• Children's bank cards are now becoming popular (SberKids, Tinkoff Junior, Alfa-Bank children's card and others)

Using such a card, a child can independently pay for travel, meals in the canteen and make purchases in a store. Moreover, all transactions on the card are controlled by parents.

If you decide to buy a child card for your child, make sure that he knows how to use it correctly.

We recommend that all parents who are thinking about getting such a card for their child read detailed material about the nuances of choice, opportunities and dangers - Children's bank card: is it worth getting it, where and at what age?

• Do not reward your child's good performance with money. Do not arrange market relations where there is love and trust.
• Give your child a piggy bank so that he can save money for the thing he needs.
• Help children develop economic thinking

Solve problem situations, play financial games, read educational stories with your child. You will find out what materials will help you with this in the next section.

Senior school age (11–14 years old)

Financial literacy for school-age children is aimed at working with their first budget and saving skills. The child can be introduced in detail to the concept of pocket money. If you give them to him regularly, he will begin to draw up his first budget, comparing expenses and income.

Tell us about regular expenses, inflation and taxes

From the age of 11, a child already understands who makes money in the family. However, he perceives adults’ salaries as astronomical in amount, since he does not think about spending on food and housing and communal services. It will be good if you show trust and are honest with him by telling him what your main expenses are. You can touch on the topics of inflation and taxes.

Entrust your child with a large amount of money

To teach your children about financial planning, agree with them that you will give them money for the whole month at once. Explain that they must properly plan their expenses and “stretch” this budget over the entire period. If a child turns to you for money ahead of schedule, warn him that next time you will not help him (except for the most necessary) until the start of the new month.

It is important for parents to be consistent in decisions. When the child does not fulfill the agreements for the second time, you must refuse him pocket money, otherwise he will not understand the lesson.

Install applications on your child’s smartphone that will help him in planning

To help your child with savings, install a special application on your smartphone, which will warn against unnecessary spending and remind you that the dream has not yet come true. These could be Bankaroo (virtual bank) or Alzex Finance (family budget). But keep in mind that the Russian interface is not available everywhere.

Give your child a bank card

If you are opening your children’s first card, download separate banking applications: Tinkoff Junior, SberKids, Raiffeisen-Start. There you can set spending limits and track expenses, but it’s better when he controls his money himself. Choose software that offers cashback, bonuses, and gifts from partners. This way the child will feel more independent.

Choose more challenging board games

When playing Monopoly isn't enough, choose more challenging or alternative options. Play Cash Flow, Capital, Millionaire, Billionaire or Anti-Monopoly. The games will help you learn how to build a financial empire, compete in business, and even create a tax system.

Useful materials for children and parents

10 Best Financial Literacy Books for Children of All Ages:

1. Evgenia Bliskavka. Children and money.
2. Bodo Schaefer. A dog named Mani.
3. Igor Lipsits. Amazing adventures in the country of Economics.
4. Anna Voronina. Mathematics and money: buy, sell, exchange.
5. Tatiana Popova, Anastasia Bulavkina. Magic ATM.
6. Elena Uleva. Where does the money come from? Encyclopedia for kids.
7. Heidley Fidler. Instructions for money. An amazingly fun guide to the world of finance.
8. Sergey Bidenko, Irina Zolotarevich. I want to earn money. Useful tips for children and teenagers +60 ideas for making money.
9. Sergey Bidenko, Irina Zolotarevich. Financial stories for teenagers.
10. Jerry Bailey, Felicia Law. Your money.

5 best online games:

1. “The path to financial success”, (game from Volgograd State University) https://pfu.volsu.ru/index.php/site/index
2. Financial game Portfolio https://fgramota.org/game/
3. Finnznaika https://finznaika.rf/site/abilities-kids
4. Monetkiny https://monetkiny.rf/
5. Financial simulator “CachGo”, based on Robert Kiyosaki’s game “Cash Flow” https://cashgo.ru

5 best cartoons:

Still from the animated series “Smeshariki”, Russia, 2020.

1. A series of the cartoon “Smeshariki” called “The ABC of Financial Literacy”
2. Series of the cartoon "Fixies":
   Money;
3. Money box;
4. How money is made.
5. "Rich Beaver"
6. “The ABC of money. Lessons from Aunt Owl."
7. "Dunno on the Moon"

5 best board games:

1. A game for the little ones - “The Adventures of Belobok the Cat, or Economics for Kids.”
2. “Cash Flow” is a financial game from Robert Kiyosaki, an American entrepreneur, author of the book “Rich Dad Poor Dad.”
3. Monopoly is an economic game that gained great popularity back in the 20th century.
4. LikeGame is a board game about business in Russia. Suitable for older students.
5. Training game “Money can’t buy happiness.” Designed for schoolchildren and teenagers.

Other board games for children: choosing the best of the best.

Teaching the basics of financial literacy is a necessary stage in the full development of a child. Knowledge about the world of finance will help him in the future to form the right attitude towards money and reasonable economic behavior.

Junior school age (7–11 years old)

Teaching children financial literacy at this stage helps in communicating with adults and classmates. By primary school, a child should be able to shop and understand what change and change are or how paying by card works. This is important, at a minimum, for purchasing lunches in the canteen. Give him a piggy bank so he can put money gifts in it.

Make it clear that every thing has a price

In elementary school, introduce your child to shopping in large stores and the meaning of a receipt. Ask him to pay at the checkout. Try not to indulge your child’s momentary desires while shopping. Tell them that things have a price and why each one has a different price. Then make a list of what you want and determine what you need to do to buy it.

For example: “If you perform at the Math Olympiad, we can buy you this thing.” The main thing is not to reward your child for studying well or cleaning his room. So, he can start blackmailing. Encourage only extra efforts - things that are not part of his responsibilities.

Read books on financial literacy for children

Organize useful reading together. For example, Sergei Fedin has a book “Financial Literacy” in two parts. This is a textbook with questions and tasks about both the family budget and the history of economic processes. Another option is “A Dog Called MoneY” by Bodo Schäfer. The main character is a Labrador who teaches the girl Kira to understand money. You can read Igor Lipsitsa - “Amazing Adventures in the Country of Economics.”

Download financial literacy apps for kids

With the support of the Ministry of Finance of the Russian Federation, the game “Finnknowledge” was developed for children in grades 1–4. It is available on Android or IOS. There you can solve tests, quests, crosswords and riddles on the topic of budgets, banks, currency and business. The advantage of the application is that parents can register as mentors and create their own tasks.

You can also take lessons on financial literacy at Umnasia. This is an online platform where there is a whole interactive course on financial literacy for primary and secondary schoolchildren. The course program has 5 steps, and the tasks are done in a playful way. They will improve money handling skills, develop the child’s independence, increase interest in learning, and introduce banking products and the main laws of money.

Play Monopoly

The legendary board game Monopoly (aka Manager, Businessman, or Empire) is a great option for teaching budgeting and planning. "Monopoly" develops economic thinking, determination and attentiveness.