As parents, it sometimes difficult to know what your child is capable of learning at a specific age. Without the guidance of trained teaching professionals, most parents are left to guess at things like, “Exactly how do kids learn to read and how can a parent supplement that process?” or “What can I teach my child about finance when they are five or nine or fifteen?”
Why keep guessing? There are a lot of great resources available to parents about exactly what a child is capable of learning at a specific age or developmental stage. One of the best resources for financial literacy developmental stages available is found at moneyasyougrow.org.
This site breaks down different age groups from 3 to 18 and lays out specifically what a child is capable of understanding in each group. The information is based on natural developmental stages kids go through, social development, and cultural and societal understanding.
In addition to breaking down what kids in each age group can understand, they include activities for each age group broken down into specific learning goals within that group. For example, for kids aged 5 to 8 they can understand that putting money in a savings account is a great way to protect it and earn interest. It then gives suggestions on how to supplement this stage of development like opening a savings account with your child.
Check out the site and start working with your child today.