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By:
Besiana Dauti
- November 6, 2025 15:15
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In a time where money matters more and more every day, financial education is a necessity, and its management is not just for adults, but in fact, financial habits should be formed much earlier.
Children should be taught to make decisions, plan, and understand the value of things from an early age. The same should be done with the lessons we give them about money management, so that their future when they grow up will be less stressful, says child psychologist Mirjeta Pestisha.
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According to the psychologist, children should have a savings account, through which they learn how to manage money, as well as how to spend it when necessary.
"Parents are more tolerant than our parents used to be. Not only in the part of teaching them about the role of money, when children are young we don't allow them to spend all the things they have and we teach them to divide that amount for other days, not all at once. They should put the savings they have accumulated in the savings account and learn that it should be used when necessary," she added.
She says that parents are the best role models for children, if we know how to be patient and use money when necessary and not all at once, this approach will also be instilled in children.
"Patience is learned in all aspects and then practiced in money. We must be a model for those who do not spend the money we have immediately, but let them see from us that we will use it when necessary, and from this model they will process it into their character," she said.
But the Kosovo Banking Association also plays a major role in educating children on this issue. Vesa Vuçiterna from this association says that every year they organize a money week in schools across the country to raise awareness among the younger generations.
"The Association of Banks of Kosovo as an NGO has financial education as its main focus. Since 2012, we have been organizing the International Money Week, which focuses on raising awareness among young people about the financial concept. We are a catalyst working to raise awareness among young people," said Vučiterna.
She adds that in recent years there have been more requests from banks about opening savings accounts for children, and this is also offered free of charge by the country's banks.
"As a phenomenon, saving among citizens has always been present, but not in this dimension as it is now. Banks have free savings accounts for children, parents can go to banks and open a savings account without paying extra, and the allowances now given to mothers in Kosovo have taught them the concept of money," she said.
Vučiterna shows that children are now more informed about saving and the role of money, and even school staff welcomes the annual campaign organized by the Banking Associations.
"Every year, more and more children, when we are present in schools, are learning about the concept of saving and financial education. Previously, they didn't understand much, but with the campaigns we are doing, children and teachers have begun to understand how important this issue is, since they also accept our activities in their schools," she added.
She says that when we educate children from the beginning, they will know how to manage money and in the future when they grow up they will not be in debt.
"In a complex economy, which is also happening in our country, financial education has become a necessity. According to statistics, a young person who is accustomed to saving from childhood becomes a responsible adult who will have a stable financial future and will not have debts, where he will also distinguish between desire and need," she stated.
Financial education is not just a lesson for children, but an investment in their future, who will know how to manage money, be thrifty and also spend it when necessary.