Why some parents prioritize money management classes over traditional hobbies
SINGAPORE – While many parents enroll their children in art, dance, or sports classes, Stella Hoh, a mother of three, chose a different path: financial education. Her youngest son, Ku Yu Heng, now 16, began attending money management lessons at just 10 years old.
Learning Through Games
To make financial literacy engaging, Hoh’s family uses tools like the board game Wealth and Joy Simulation, which turns lessons about budgeting and investments into fun, interactive experiences. Hoh believes early exposure to such skills helps children grasp essential life concepts that are often overlooked.
“We wanted them to develop practical knowledge about saving, budgeting, and financial decision-making,” says Hoh.
A Lifelong Advantage
By prioritizing financial education, Hoh hopes her children will develop a strong foundation for managing their future finances. As she puts it, “These lessons teach more than just numbers. They foster critical thinking, problem-solving, and the ability to plan ahead.”
With financial literacy becoming increasingly relevant in today’s economy, this alternative approach to extracurricular activities is gaining traction among parents who want their kids to be equipped for real-world challenges.
Why Choose Money Management Classes?
Real-World Application: Financial skills are practical and immediately relevant.
Long-Term Benefits: Early education on saving and investing can lead to better financial habits in adulthood.
Interactive Learning: Games and simulations make the subject enjoyable and relatable.
While traditional hobbies like dance or art cultivate creativity, financial education provides children with tools to navigate life confidently. As the conversation around financial literacy continues to grow, more parents may consider balancing their children’s extracurricular activities with these practical lessons.
