Financial Education For Children Through Stories

Financial education can start at any age, but the earlier it is started the better it will bring long-term results. Financial education for children is at least as interesting a topic for them as building a lego. Each piece you put helps you get closer to the final goal.

Like anything new, financial education will arouse children’s curiosity and make them want to know more. As financial education for children is currently an optional subject in schools, parents are responsible for planting and cultivating the first notions of financial education in children’s minds and how children learn best through play and stories, so that we do not start the financial education of our children even with a story that begins with “Once upon a time”. If it also contains a kingdom and a few characters with suggestive names, the chances are higher that the story will reach its goal from the first reading and make the children reread it again and again.

Although in our family the financial education of the little ones is not lacking, this book made the process much easier and more pleasant. From flipping through the book to see the beautifully colored pictures to reciting it, both children were drawn to it, the 8-year-old girl reading the story to the 5-year-old while he colored the book included in the package.

The most interesting part was the discussions based on the names of the characters and how each of them chose to use the money to satisfy their desires or achieve their goals. The book is educational for both the little ones and the parents, who are put in the situation to explain to the children notions of basic financial education, getting involved in their education and at the same time spending quality time with the little ones.

The book addresses notions such as income, expenses, savings and even business investments. It is a book that combines the pleasant with the useful, making the educational process a child’s play. The biggest advantage is that once the book is purchased, it can be reread by parents or children so that the information settles and as they get older the information is understood differently and the questions become more and more complex.

The book is addressed to children aged between 4 and 9 -10 years, but will have a positive impact on both adults and children, and can be an inspired gift that will enjoy the whole family.

How Does An Investment Fund Work?

When an investor wants to become a participant in an investment fund, he must acquire fund units. Both the number of fund units and their value change daily depending on the evolution of the number of fund participants and the value of the fund’s assets.

The number of investors in the fund is constantly changing depending on the sales and purchases of fund units that take place daily. When an investor decides to place money in the fund, the number of units issued by the fund increases to reflect new inflows of money into the fund. Basically, the fund issues new fund units in order to be able to sell them to interested investors to purchase them.

Owning a fund unit entitles the investor to a share of the fund’s profit or loss. When an investor wants to sell his owned units, the fund will redeem them, and he will benefit from their value, less the fees and commissions charged by the fund.

The amounts attracted by the fund are invested on the financial markets, and the purchased financial assets are kept by the depositary. The value of a fund unit is given by the value of the total assets divided by the number of fund units in circulation. This gives the value at which an investor can purchase a fund unit.

In order to purchase fund units, an investor must contact an authorized distributor, a brokerage company, a bank or even the fund administrator. If you have found out and are determined about the fund you want to become a participant in, you can do so online, directly on the fund’s website.

It should be noted that both when buying and selling fund units, the price of a fund unit will be known the day after the transaction is initiated. This is because funds invest in various financial instruments, including stocks, and have to wait for financial markets to close in order to make calculations based on closing values.