Learning to read and write is no longer enough

This is an affirmation that in 2005 the document “Improving Financial Literacy: Analysis of Issues and Policies” of the Organization for Economic Cooperation and Development -OECD- allows us to read in between lines. It has been widely studied that the lack of financial literacy at an early age takes us to make worse decisions regarding money and to be more exposed to situations of indebtedness and bankruptcy.
Most formal education systems have not included financial literacy in their curriculum and so it is imperative that we parents, first educators, take the helm. Sooner or later our children will have contact with money and if they do not have the basic notions of good use of it, they may be very good citizens, but they will suffer from the most diverse financial setbacks for not having incorporated certain habits such as savings, spending conscious and effort of work.
And in a context of consumption and immediate gratification like the current one, the saying can become reality and not knowing how to use money well, our children will be “more dangerous than monkeys with revolvers”. It is up to us as parents to give them the best tools to navigate an adult life with happiness. Let’s start now.