Instead of just going on week in and week out about the relevant views (regarding money management skills) that I feel are not well represented in our school system, I have decided to design a virtual school, to further emphasize the importance of money management in a simple and understandable guideline for parents to follow through with to their kids. Please take note that this does not mean that each standard [Grade] is to be allocated parallel to the tips in real life format, this is merely a concept/steps which I feel will be relevant in a guidance format.
Primary Steps
Grade1: Introduction: This is where the enlightment stage on the subject of money management needs to be introduced backed up with tactical planning that will be implemented upon your Childs personal likes and dis-likes. This is where you establish what your child already knows about money, what more do they want to know and what money means to them. Take things slow and be patient with their progress, guide them and show them the ropes.
Grade2: Exposure: Now they need to see what you are talking about. Behind the curtains of finance, beyond the physical cash. This is the stage that will be inclusive of such things as reading materials, e.g. newspapers, books, audiotapes. The idea of money needs to settle in and they need to be presented with first hand proof and examples of what money entails.
Grade3: Research: The research stage is implemented the moment after the idea and the example have been established. This primarily giving them a chance to venture out on their own and letting them test waters with the information they have at their disposal. Such a medium also allows you to see the opinions of others that are in the same race that you are in.
Grade4: Clarify: The research stage tends to be informative and on the other hand so is reality. The clarifying stage is the point at which you combine real life stories from everyday living to the research acquired. A conclusion of facts needs to be put on the table to further see lessons learned on the matters discussed.
Grade5: Confirm: The absorbing of new information is real exciting, especially when it is something that you are enjoying, although at some point one needs to step back and verify if all they have learned is truth, reality and relevant.
Grade6: Adjustments: All that should be implemented is checking if all their ammunition is in place for action day. They will need to prepare one last bit with no assistance in-order to fully aware of what they have learnt. The info moments come to an end here, where reality takes place.
Grade7: Moment of clarify: This is the moment of clarity, the moment that you are to present your child with funds to further prove that what he has learnt within the past few grades of learning has been fully met. You can create a medium where you open a bank account for them (if they don't have access to one already) and every month let him draw up a budget plan that they will show you, then you can transfer his allowance into the account and every end of the month view his statement and see whether he has managed his budget accordingly. Do this on random months and the moment you are certain they have grabbed the repetition. Let Go. And let them walk on the road to wealth.
Primary Steps
Grade1: Introduction: This is where the enlightment stage on the subject of money management needs to be introduced backed up with tactical planning that will be implemented upon your Childs personal likes and dis-likes. This is where you establish what your child already knows about money, what more do they want to know and what money means to them. Take things slow and be patient with their progress, guide them and show them the ropes.
Grade2: Exposure: Now they need to see what you are talking about. Behind the curtains of finance, beyond the physical cash. This is the stage that will be inclusive of such things as reading materials, e.g. newspapers, books, audiotapes. The idea of money needs to settle in and they need to be presented with first hand proof and examples of what money entails.
Grade3: Research: The research stage is implemented the moment after the idea and the example have been established. This primarily giving them a chance to venture out on their own and letting them test waters with the information they have at their disposal. Such a medium also allows you to see the opinions of others that are in the same race that you are in.
Grade4: Clarify: The research stage tends to be informative and on the other hand so is reality. The clarifying stage is the point at which you combine real life stories from everyday living to the research acquired. A conclusion of facts needs to be put on the table to further see lessons learned on the matters discussed.
Grade5: Confirm: The absorbing of new information is real exciting, especially when it is something that you are enjoying, although at some point one needs to step back and verify if all they have learned is truth, reality and relevant.
Grade6: Adjustments: All that should be implemented is checking if all their ammunition is in place for action day. They will need to prepare one last bit with no assistance in-order to fully aware of what they have learnt. The info moments come to an end here, where reality takes place.
Grade7: Moment of clarify: This is the moment of clarity, the moment that you are to present your child with funds to further prove that what he has learnt within the past few grades of learning has been fully met. You can create a medium where you open a bank account for them (if they don't have access to one already) and every month let him draw up a budget plan that they will show you, then you can transfer his allowance into the account and every end of the month view his statement and see whether he has managed his budget accordingly. Do this on random months and the moment you are certain they have grabbed the repetition. Let Go. And let them walk on the road to wealth.
No comments:
Post a Comment