Daily Mail mentions bMoneywize

Its exciting times when Daily Mail mentions bMoneywize and the benefits of teaching children finance skills when they are younger:

“Doctor Arinola Araba, who created a game called bMoneywize designed to teach children about managing finances, believes both home and school have a role to play.

He says: ‘They need to work together. But it is good to begin at home. The problem is that parents often do not feel equipped to teach their children about money.’ “

Parental lack of confidence – combined with a lack of personal finance teaching in school – risks a generation of children growing up without any understanding of money matters.

More than half of parents do not have either the confidence or knowledge to teach their children how to handle money, while the subject is not a statutory part of the school curriculum.

James Jones, of credit reference agency Experian, says: ‘We know children’s money habits are set from as early as age seven.

‘Many are missing out on money lessons at school, making it even more important to start the conversation at home.’

Three in five parents are concerned their children will be unable to successfully manage their finances in the future.

Nearly a third are more worried about educating their children about money than talking about the birds and the bees, while a quarter find it more daunting than teaching them how to cook.

While children in primary school are taught the value of different coins in mathematics, understanding how to budget or work out the interest rate on a loan is not in the curriculum.

Read more: http://www.thisismoney.co.uk/money/saving/article-4846916/What-little-treasure-needs-know-finance.html#ixzz4roakoDov
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Read more: http://www.thisismoney.co.uk/money/saving/article-4846916/What-little-treasure-needs-know-finance.html#ixzz4roaWXPNZ
Follow us: @MailOnline on Twitter | DailyMail on Facebook

Help children plan for the unexpected. Doctor Arinola Araba, creator of the bMoneywize game, has included an element of surprise in her game with the throw of a dice that can take away or add money to your pot. ‘Children need to know anything can happen,’ she says.

financial education

financial education

Read more: http://www.thisismoney.co.uk/money/saving/article-4846916/What-little-treasure-needs-know-finance.html#ixzz4ro49DUOT
Follow us: @MailOnline on Twitter | DailyMail on Facebook

Read more: http://www.thisismoney.co.uk/money/saving/article-4846916/What-little-treasure-needs-know-finance.html#ixzz4ro3eFz4G
Follow us: @MailOnline on Twitter | DailyMail on Facebook

 

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