Category: education

Innovative ways to make children learn about Money

Money Management for Kids

I recently thought about teaching some saving habits to my child. Many learning toys are available in the market which teaches about money. I took leaves out of the book of my father and bought some money management games and toys for my Kid. I want to share that briefly with all of you in this post.

Piggy Bank and some innovative Products which teach Children money management

The best way to instill saving habit is to have a piggy bank. I used to have a piggy bank made of clay. I painted it myself and it still is there at my home in my Father’s locker. It still has coins, though have become more of a coin collection now.

There are many innovations done with piggy banks. They are like accounts which tell you the amount of money contained. One day while I was surfing the net I came across a really nice innovation an ATM machine for kids. I immediately ordered it.


 Monopoly the game teaching Buying and Selling

This game was another. I used to love playing this game. Every weekend friends would gather and it would last 4 hours. I learnt how to do business playing this game. It was a great help in developing the business acumen.

There are some nice games on Android platform as well. Take a look at this one.


Are Children Prepared for Future Tech?


Rapidly changing tech means a rapidly changing economy. Just look at it through the prism of history to garner a better understanding. Imagine how the railroad industry started to quickly decline and suffer with the advent of the automobile. The UK wasn’t exactly a pioneering force in the automobile, but it didn’t take long for this relatively small country to become almost completely dependent on cars. This is basically what’s happening now with tech.

There’s a robot or some automated program that can do a lot of the jobs that used to be reserved for labourers. Now, this might be a good thing in the grand scheme, but it’s a bad thing for kids leaving school and looking for starter jobs in the workforce. There are far fewer available today than yesteryear, and there will be far fewer available in the future.

Children coming out of school today seem to be ill prepared to tackle the rigorously changing climate. Because while tech has changed and evolved, curriculum really hasn’t. We’re still teaching very basic science, and just enough math to get by. What we’re going to need going forward are higher standards on premium education in order to prepare our kids.

No Education, No Prosperity

In an earlier post I have already discussed the role of schools and teachers in our lives. What bugs me today is the way the Australian government treats our university system at the moment. Taking their cues from the Gillard government and pushing it as far as they can, the Abbott government has withheld hundreds of millions dollars from our public universities.

Apart from the fact that this seems very likely to turn out as an illegal act and they will have to eventually pay this money out, I really don’t understand the rational of cutting funding from our education system. We live in the 21st century where more and more well-paid jobs depend on the high level skills of workers. And we all know that only well-paid workers can consume, buy houses and cars, invest in services and good and, thus, keep a vital part of our economy alive.

Universities are vital for our economy

As universities need to keep their teaching and research up and running, they will naturally turn to the only other source of finances they have: their students. And the government’s move to deregulate universities fees shows that this is actually intended. This means that, for instance, engineering students might look at $120k debt at the end of their studies. And this hike in fees will not come with better teaching quality as universities are only working to keeping their status quo. How many young people will this deter from even entering the university and, thus, stay formally untrained after school? I dread to think!