In recent weeks, children in Israel have experienced significant changes in their lives. Some were evacuated together with their families from their permanent homes to temporary residences. Most of them stayed in shelters and protected areas for a while. All of them did not visit their educational institutions for a significant time.
In some households, one parent as well as older brothers and sisters were drafted into the reserves. In some of them, their livelihoods have been affected as a result of this or due to being placed on unpaid leave for various reasons.
Many ask if this is a good time to involve children (of course at a level appropriate to their age group) in financial matters relating to the household. In those households where children have been involved in these issues even earlier, the continuation of the process is very important. For those who have not yet begun, the importance of educating and engaging children in financial matters increases and becomes more important in wartime.
What are the important topics that need to be touched upon? The first is budget management.
Guidance on this subject should include how to create a budget, what are the items of income and expenses and what are the significant changes at this time and their expected impact on the family in general and on the children in particular.
Consistency and persistence in the process and proper management can prevent or reduce crisis situations at any time, and at this time in particular. In this context, the emphasis on the children's own expenses is important, as well as their potential contribution by reducing expenses on their part. Points that can be touched upon are changing consumption habits, reducing expenses and setting priorities.
How do you conduct the trainings for children? Materials on the subject can be found on the networks, including on the websites of financial institutions and others. It is also possible to use the help of family members and acquaintances who are engaged or understand the field, in order to advance in the process.
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