Proceedings of the 5th International Conference on Innovation in Education, Science, and Culture, ICIESC 2023, 24 October 2023, Medan, Indonesia

Research Article

The Exigency of Financial Literacy for Young Children: Literature Review

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  • @INPROCEEDINGS{10.4108/eai.24-10-2023.2342204,
        author={Srinahyanti  Srinahyanti and Suri Handayani  Damanik and Joko  Suharianto},
        title={The Exigency of Financial Literacy for Young  Children: Literature Review},
        proceedings={Proceedings of the 5th International Conference on Innovation in Education, Science, and Culture, ICIESC 2023, 24 October 2023, Medan, Indonesia},
        publisher={EAI},
        proceedings_a={ICIESC},
        year={2024},
        month={1},
        keywords={education financial literacy early childhood},
        doi={10.4108/eai.24-10-2023.2342204}
    }
    
  • Srinahyanti Srinahyanti
    Suri Handayani Damanik
    Joko Suharianto
    Year: 2024
    The Exigency of Financial Literacy for Young Children: Literature Review
    ICIESC
    EAI
    DOI: 10.4108/eai.24-10-2023.2342204
Srinahyanti Srinahyanti1,*, Suri Handayani Damanik1, Joko Suharianto2
  • 1: Early Childhood Education Teacher Study Program of Universitas Negeri Medan
  • 2: Economics Faculty, Universitas Negeri Medan
*Contact email: srinahyanti@unimed.ac.id

Abstract

The literature review aims to present an explanation about the exigancy of financial literacy for the younger generation and how to take a practical approach to financial education for early childhood. This research will examine a few articles from various national and international journals/proceedings/websites. The most effective learning approach to financial literacy is based on several principles. First, incorporate financial concepts and money management skills into the child's daily social interactions with adults and other children. Second, provide appropriate activities that take cognitive limitations into account. Third, implement a series of learning activities related to the child's personal experiences, so that the child have meaningful learning.