Money Week - teaching children and youngsters about personal finance

Jyske Bank contributes to increasing financial understanding among children and youngsters through participation in Money Week, organized by Finans Danmark and Danmarks Matematiklærerforening.

Every year, during week 11, Money Week focuses on educating personal finances to primary school students across Denmark. An offer that applies to all schools, classes and teachers. Employees from Jyske Bank are among the guest teachers helping the children understand their financial choices and consequences.

A 2024 analysis by Finans Danmark found that over 20% of young Danes live with financial strain, and 70% of those experiencing financial difficulties where not satisfied with their lives. It is therefore important that we discuss money and financial matters with our children.

Finans Danmark reports furthermore, that teaching personal finance even for just one week significantly improves the students' understanding of economics.

The first Money Week in Denmark occurred in March 2014, with Jyske Bank employees participating as guest teachers in classrooms since then.

Focus on children and youngsters

Discuss finances with your children
At Jyske Bank, we believe early financial discussions can help the children develop an understanding of money and financial matters, which will benefit them throughout their lives.

Even small children can learn about money. So why not play grocer with your kids? This way, you can teach your kids that we pay for the goods in stores. Older children may earn pocket money and hereby experience a greater responsibility of their money.

Listen as child psychologist, Kirsten Børsting, explains the relationship with money in the different age groups – and how we as parents can help them in their development.
How to discuss money with your children (in Danish)

School-aged children
If you have school-aged children, you can start discussing basic economics regarding saving and earning money. Start for instance with the app Pengeklog (MoneyWise) (in Danish)

You can also explain the meaning of investment and stocks. Get inspiration from ’Five things you can teach your children about money’ (in Danish).

Another good topic is ’budget’ – the simple task of creating an overview of income and expenses. Teach your children that budgeting helps them achieve their dreams.
Explore Jyske Bank’s budget tools (in Danish)

Grown-up children
When children become young adults, they can easily be tempted by the possibility of borrowing money. To navigate in this, it’s important to know some key concepts and the different types of loans.

Jyske Bank TV: Finance for dummies: Student loans vs bank loans vs consumer loans (in Danish)
Tips and tricks to manage your finances (in Danish)

For young adults between 18 and 29 years, we also have a range of opportunities and advantages. 
Click for more (in Danish)