A challenge. One of the main functions of the financial system is to be an agent that raises people’s funds. The challenge is immense, in the need of a good quality financial education considering that it is the responsibility of all entities to provide the necessary tools to encourage savings in families. Financial education programs should serve to educate all citizens and not only those interested who go to a bank. Thus; These institutions must do more than sell their products and it is to influence those adults with entrenched habits and behaviors that are afraid to use banking services and that today affect not only them but future generations (their children ). Thus, children play an important role in this balance because they have an enormous capacity to learn today, so it is where more than one financial institution should aim for the good of future families.
Parents should reflect and ask themselves what am I doing for my child to learn about money? Should we discuss this issue freely with them? Should we train savers and investors in early childhood? Should this subject be taught at school or at home? Are we generating savings culture in our children?
Necessary questions with simple answers. This leads us to the role of financial education for children and young people and not only must start at home but continue in school that will serve as a fundamental tool throughout their lives, for this, financial institutions must be aligned to serve to support this teaching not only in their own attention but also by promoting and encouraging products for children.
The use of money and financial products, therefore, serve as an instrument in the economic and social process,
If our public entities really also assumed this as a challenge, society would be different. Children now believe that they deserve everything and that money is available on a debit or credit card and appears out of nowhere because the ATM gives us. More than one has happened to us that our children think that we do not want to buy this or that thing they ask because we are “bad or we do not want them” assuming we have money.
That education in children is poor and everything depends on the home, the school, the public entities (dedicated to financial education), the financial entities among others. We all know that in Peru there are no saving habits and that on the contrary we have bad consumption habits because we do not know what to do with the money that comes to our hands. Educating children financially is not a trivial task, it is a project that must be assumed by all and that will help to combat the educational lag in matters of culture; ensuring that children receive an integral education and thus understand the world around them.
We hope that the initiatives that already exist in our country and those that are still considered in the not too distant future, are the true mission of education: educate citizens (parents and children) who begin to assume a different role by correctly managing money , and that the impact of their decisions and options for life, contribute not only to personal and family savings, but to the development of our society.