What Are the Best Tips for Money Management for Kids?

Children's financial education is a kind of knowledge transfer and skill training for children over 4 years old, and is an important part of "life education" advocated by educator Tao Xingzhi. Raising children's financial awareness and financial management skills is the foundation for the healthy and steady growth of China's economy in the future.

Children's financial education

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Children's financial education is a kind of knowledge transfer and education for children over 4 years old.
Children's financial education is a kind of knowledge transfer and education for children over 4 years old.
The Children's Financial Ability Level Test (LECF), organized by the Hong Kong Institute of Children's Finance, is a comprehensive financial education examination program for children and students over 4 years of age. It is the only comprehensive child financial management system in China and even in the Chinese circle. Educational level learning and examination courses. [1]
Examination-the first, unique, network computer test
The Children's Financial Ability Level Test (LECF), designed by the Hong Kong Institute of Children's Finance (ICF), provides a comprehensive financial education examination program for children and students over 4 years old. It is the only comprehensive and comprehensive children's financial education level study and examination course in China and even in the Chinese circle. ICF-LECF is divided into preliminary, one, two, three, four and five levels. [2]
1. PRE-LEVEL: Grade Examination for Children's Financial Interest Course (applicable age 4-6 years);
2. LEVEL-1: Children's wealth management enlightenment course level test (applicable age 7-9 years);
3. LEVEL-2: Grade Examination for Children's Financial Start-up Course (applicable age 9-12 years);
4. LEVEL-3: Grade Examination for Advanced Courses in Children's Finance (applicable age: 11-15 years);
5. LEVEL-4: Junior Examination for Advanced Courses in Financial Management (for ages 14-18);
6. LEVEL-5: Grade Examination for Youth Financial Excellence Courses (applicable for ages 16 and above). [3]
The examination form adopts unified computer network examination. The score is based on a percentage system and 60 points pass. Those who pass the exam can get the corresponding grade certificate from the "Children's Financial Ability Level Examination" issued by Hong Kong [Children Finance College] (ICF). The certificate shows that the trainees have basically acquired the knowledge points and abilities of the corresponding level of the financial management course after passing the required training and ICF-LECF exam.
Tutorials-systematic, comprehensive and easy to understand
This series of textbooks was prepared by the editorial board of the "Special Course for Children's Financial Skills Examination" published by the Hong Kong Institute of Children's Finance. It is a comprehensive and systematic study and training course for children's financial education. The system is comprehensive, and different levels are suitable for children of different ages. They are progressive and targeted, and they can comprehensively cultivate children's financial ability and awareness from an early age. The "Special Course for Children's Financial Ability Level Examination" is divided into 6 levels, of which: [4]
PRE-LEVEL tutorial for children's wealth management (4-6 years old): This level of course is divided into children's wealth management knowledge articles, children's wealth management quality articles. The main contents are: understanding of coins, articles, time, old and new; equivalents, needs, wants, sources of income, places to spend money, pocket money, bank logos, passbooks, savings, safe self-protection and financial fables, etc., a total of 160 knowledge points .
LEVEL-1 Enlightenment Course for Children's Financial Management (7-9 years old): This level is divided into three chapters: money, wealth management and quality. The main contents are: understanding 280 knowledge points including coins, price, value, occupation, making money, spending money, saving, shopping, quality of financial management, safety and self-care and financial management.
LEVEL-2 Children's Money Starter Tutorial (9-12 years old): This level of tutorial is divided into two chapters: concept and practical. The main contents are: a brief description of children's financial management, the concept of financial management quality, six major aspects of financial management, shopping practice / online shopping and skills, financial training, financial management training programs, and financial questionnaire training.
LEVEL-3 Advanced Course for Children's Financial Management (11-15 years old): This level of tutorial is divided into concept articles and practical articles. The main contents are: 360 knowledge points including financial management knowledge overview, financial general knowledge, personal medical care, pension, education, investment and other financial planning, venture capital, financial products, rich father investment and wealth management concepts, and entrepreneurship and investment simulation practice.
LEVEL-4 Junior Financial Management Advanced Course (14-18 years old): This level of tutorial is divided into five parts: financial knowledge, technical analysis, financial product, financial actuarial, and cash flow management. The main contents are: main financial statements, K-line theory, main technical analysis indicators, analysis of corporate fundamentals, investment simulation operations, financial wealth management products, risk management, financial actuarial and other 520 knowledge points.
LEVEL-5 Youth Finance Tutorial (Age 16 and over): This level is divided into 13 chapters. The main contents are: technical analysis indicators and behavioral financial analysis, three major theories and behavioral financial applications, business cycle theory and behavioral financial embodiment, fundamentals and behavioral financial analysis, different types of investors / investment process / quotation stage psychological behavior analysis, Individual / group psychological behavioral deviation, behavioral finance and other 520 knowledge points.
Children's financial education (6 photos)
Consolation-the child's learning
The learning and exams in this series of tutorials can help young children and children to achieve the following gains: [5]
1. Cultivate children's manual brain abilities through game activities, cultivate children's sense of teamwork and wealth creation; let children have more self-confidence skills for survival and life;
2. Help children understand the meaning of money and establish a scientific outlook on money consumption and investment and financial management;
3. Help children to gradually develop a sense of saving and healthy investment;
4. Let children learn to cherish saving wealth and effectively and reasonably allocate and use wealth;
5. Let children understand the concept of financial management, understand personal financial planning and future family / education / medical / senior care / investment planning;
6. Make children understand and understand the concept and significance of cash flow through cash flow games;
7. Let teenagers have a more comprehensive understanding of various financial instruments and lay a solid foundation for future financial investment;
8. Pass the training and examination to enable children to understand and basically master the corresponding knowledge points of the curriculum of children's financial ability examination;
9. More importantly, the financial consciousness is rooted in the child's heart through training;
10. Cultivate the quality habits of "thrift, innovation, self-reliance, responsibility" from an early age, in order to become the future youth of high financial quotient. [6]

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