“Money Management” now for children

NP NEWS NETWORK

PUNE

Money management is a skill to be learnt. However, the school curriculum misses teaching this very important aspect. Parents are unable to teach this skill, therefore, children learn with trial and error method. Thus, a Pune based institute has come up as pioneered in financial education workshop.

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The NIMka institute has designed a course which focuses on understanding value of money, budgeting, spending smartly, saving techniques, overcoming peer pressure and learning good money habits. This course is to enhance the Money Quotient of the children making them Money Smarts Kids. The course is designed for twice a week, for 100 minutes session over 2 months.

Prince Paul, Founder and CEO of NIMIka, said, “It took more than 5 years for us to design this course. When we had the initial idea of this course, we took the books of economics in the hand and people thought that it’s impossible to teach a 10-year-old boy to grasp these words and concept.”

The course has their own study books as well. Which has topics like story of money, banking on banks, dignity of labours, plans are nothing, planning is everything, know yourself, what beyond needs, liquid handle with care, don’t burn cash, every buck matter, spend nicely and wisely, peer pressure, living on credit and good money habits.”

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“Money Management is not knowledge it is a skill, to acquire a skill one needs a coach that’s why we call our teachers coach. This course will make kids value the money their parents earn. We see a lot of parents scolding their kids for making unnecessary demands, which they can’t afford and they can’t convince their kids for the same. This course will help parents get out of these situations.” Said the Founder of NIMIka.

We see a lot of school going kids, using their pocket money in wrong way, may be this will help kids to grow the habit of money management.