Technology and Children Financial
Education
Technology has emerged as vital ingredient in learning process. Digital
products helps simplify complicated financial problems.
- There could be the use of explainer videos which is more elaborative.
The videos may offer useful advice in all aspects of financial
literacy. Videos can be engaging, interesting and entertaining for the
kids. The videos also has an advantage of giving learners flexibility
in learning pace.
- Simulation is another technological product. Whereby budgeting,
investing and other financial transactional products can be simulated
and be used by educators to impart these specific financial knowledge.
There are many online applications that can assist in budget creation,
tailor made to be friendly to the children.
- There could be the use of games. The world is full of many gaming
sites which provides practical money skills to students to help them
learn the essentials of personal finances. By employing gaming the
technology saves two purposes of entertaining while imparting
financial knowledge to the children. Eventually and unknowingly this
may produce generation that can make wise financial decision and
stabilize the country’s economy.
- Online programs and apps on smartphones. Even though the education
social ties and education system still restrict the use of mobile
phones in primary and secondary schools in Tanzania, with the
prevalent of cheap technology of smartphones most of these young
people they still have access to smartphones either through their
parents and friends or part- time ownership when off school. If they
are taught wisely, they can use various apps which can help them to be
financial management savvy. They can be taught how to compare prices
and buy items in consideration to value for money. If they understand
the importance of saving and creating significant investment at their
tender age, the better to them and the society surrounding them.
Education apps like FamZoo where families can either use IOU (I owe
you) account and the program keep track of the money that parents
hoard for their children. Websites like PwC Charitable foundation they
offer a sign-in for children and parents in three distinct levels of
education. The website is very resourceful for teachers’ and learners.
There are various modules which are designed to help students make
plans and wise financial decisions.