Teaching personal finance to kids: A practical application for a developing country

Resumen

Several conducted surveys by various organizations have revealed poor financial knowledge of youth. In addition, integrating financial education into educational curriculums has shown a considerable effect on financial behaviors of children. In order to increase the financial management abilities of children some methods are proposed in this paper based on the book “Total leadership”. Considering the advantages of using Technology tied to the internet which can support a wide range of users without any geographical restriction, it would be a useful method to transfer the financial concepts to children. Since the impact of financial illiteracy is more significant in developing countries like Iran, some further studies are suggested for this country.