We all practice money management, most of the time continuously, having to make the best of our financial resources.
So acknowledging the skill of money management as important as learning other subjects. At times we fall into the trap of saying that our kids are too young to appreciate the value of money but children should never be underestimated and the sooner we adults instill in them the value of monetary appreciation the better it will be for their future.
Some of the best ways to encourage our children to appreciate the significance of money is to empower them with some jobs according to their age which they could easily carry out for some pocket money. Such daily jobs could relate to taking out the garbage bag every morning or looking after their pets. Such commitment would not only earn them some extra money but would instill in them awareness that earning money comes with responsibility and hard work.
ĠEMMA website is packed with material related to financial capability including videos, games and calculators directed to different age groups which we are sure that you will find interesting and educational.
Teachers and parents can all invest some of their time by going through ĠEMMA’s material and together with your children and students you can make use of real life examples by using the different budgeting calculators to familiarise yourselves with money management.
You may wish to visit gemma@gov.mt, Facebook as well as Instagram.
