How old are people born in 2009? Is it time to teach financial education?

Time passes so quickly that sometimes we find ourselves thinking “How old are people born in 2009?”, “What were times like back then?” and other things.

This is because in the past, using the word old referred to 30 or 40 years ago, nowadays 5 years ago can be considered old.

Now everything changes so quickly, news arrives in seconds and we can talk to someone on the other side of the planet and one of the things that has changed a lot is the economy.

And today we are going to find out how old people were born in 2009, and how the new generation can learn about financial education to keep up with the economy.

And how old are people born in 2009?

To find out how old someone born in 2009 is, you need to do a very simple calculation.

The calculation should be done by subtracting the year of birth from the current year, as follows:

2023 – 2009 = 14

So if you, someone you know or your child was born in 2009, you will be 14 years old in 2023. And to find out anyone's age, just do the subtraction math.

The best financial education tips for those born in 2009

When taught from childhood, financial education can change lives and enable children to become responsible adults.

And financial education is a process of learning about financial issues, so that people develop knowledge, skills and attitudes, allowing them to create a healthy relationship with the money.

The main objective of financial education is to offer people the necessary tools to make more assertive decisions, ensuring a balance between consumption, investment, planning for the future and management.

The importance of financial education in adolescence

And those born in 2009 are around 14 years old today, entering adolescence, a time when they want to go out with friends, have their own money and do more things independently.

Therefore, if they already have a basic understanding of concepts, importance and needs, it is a great time to teach them some more specific knowledge in the financial area.

And in adolescence it is very important, since we are going to lay our foundation for adult life, we start to take on responsibilities and make more impactful decisions.

At this stage, teenagers are in the process of forming habits and values, and it is essential that they receive adequate guidance to develop a healthy and conscious relationship with money.

Financial Tips for People Born in 2009

If you want to teach one or more teenagers about financial education since 2009, you may end up needing some of the tips we are going to give you!

Difference between want and need

One thing that should be taught from childhood is the difference between wanting and needing.

Wanting something doesn't mean you need it, and it may not be so easy to teach teenagers this, but it is necessary.

And even if they listen but don't apply it, they can take that knowledge with them for the rest of their lives.

Wanting refers to our desires, such as new clothes, a toy, makeup, something like that. While needing refers to necessities, such as medicine, food, water, education and others.

Teach the meaning of saving

Saving is a concept that we should learn as early as possible, especially during adolescence.

It means that the money we receive will not be spent immediately, it will be saved so that it can be used to achieve a goal or for an emergency fund.

For young teenagers this can be taught by encouraging them to save up for something they really want to buy.

Give an educational allowance

Young people want to be independent as soon as possible, and even if we are not going to give them 100% autonomy, we can provide small pieces of that with an educational allowance.

This way they don't need to ask for money to go out or to buy something they want, the allowance doesn't need to be very high, just enough for a month so they can have a certain amount and learn.

Open a digital account

And it is possible to deposit this allowance into a special account for children, with tools that allow parents to monitor transactions and add or remove credit.

Many financial institutions allow responsible parents to open a related account for their children.

In Iti Itau, for example, teenagers aged 14 to 17 can have a free account and don't even need a guardian to open an account.

Encourage them to write down their expenses

Writing down your expenses is a fundamental practice for those who want to have control over their finances and achieve a healthier financial life.

Especially for teenagers, developing the habit of recording all expenses is an excellent way to understand how money is being used and make more informed decisions about spending.

Keeping track of your spending helps you get a clear picture of how you’re spending your money. You’ll be able to identify where your money is going, what your most frequent expenses are, and where you might be able to save money.

Talk about goals

At any stage of life we have goals, even at 14 years old, they can be buying new shoes, a new toy or a cell phone case.

But in any case, it is important to teach that to achieve what we want it is necessary to save money for it, research and have control over purchases.

Setting goals helps them have a clear purpose for their savings and encourages them to develop a sense of responsibility and discipline around money.

Show example

In order for your child to learn financial literacy, you need to set an example as well. A good idea is to do activities with them such as assessing finances, recording expenses, setting goals, and so on.

This time you spend together can serve as an example of how you manage your finances.

Be patient

And in order to teach teenagers, children and anyone else, you need to be patient. Losing patience can cause the young person to lose interest and no longer have the desire to continue learning.

The sooner you introduce your child, colleague, or other child in your life to the financial world, the better. But make the activity enjoyable so that it doesn't become boring.