How to teach children the value of money
Money is part of life and although everyone says that it does not bring happiness, it helps a lot to reach it.
Money is part of life and although money does not bring happiness, it helps a lot to reach it. Money frees you from worries and this, want it not, is part of happiness … calm mind calm body! Since money is an important part of life, it is never too early to teach children the value of money and the need to save. You need to equip them wisely for when they grow up.
Learning the principles of money control and being responsible for it will give you opportunities for advancement when they are older, so it is important that, even at a young age, children respect money and all that it means.
Here are some tips for you to teach your children the value of money . In this way, you will be giving him the tools and skills necessary so that tomorrow he can have a healthy deal with money and that in addition to saving, he knows how to spend it wisely.
Index
THE WISDOM OF MATHEMATICS
Once your kids start school and learn the basics of math, start educating them about money and provide some practice. Play money games at home or download them to your mobile or tablet so that the children can play under your supervision. In this way, your child will learn how cash is actually used.
GIVE A PIGGY BANK TO YOUR CHILD
The simple fact of giving your child a piggy bank will teach him the importance of saving and will generate a sense of responsibility towards managing money. Encourage your children to collect a certain amount in a particular time period, or suggest that they save coins of a specific amount.
Make it a game and a goal, to keep it interesting . On the chosen date, open the piggy banks and count the savings. Make a visual record to motivate your kids to save more and teach them the basics of simple record keeping.
HOW TO SPEND THE SAVINGS
Encourage your children to plan how they will spend their savings . Planning for future expenses motivates your children to reach their savings goals. It reminds them that with enough money, they can buy whatever they want. Let them dream big and motivate them to save more, so they can reach their goals more quickly.
LET YOUR KIDS DO THEIR OWN SHOPPING
Give your kids their assignments when you go shopping . Then you can observe their attitudes towards spending money. If your children want to spend more than they are allowed, advise them to be more frugal and more patient. Educate them on reasonable spending and explain priorities when shopping. Also, remind them that at the end of the day, the most important thing is that they can buy whatever they want because they were able to save money .
PAY CASH
Credit cards are a great temptation to spend money you don’t have and then pay more for the privilege later. Show your children that the best way to buy things is with money in their pockets. Keep it real at all times – Handing over cash is the best way to learn how to use money responsibly.
The best way to teach your kids the value of money and the importance of saving is by setting an example and allowing them some responsibility . Give your children an allowance for the things they want to buy, and encourage them to save in various ways. Familiarize them with simple record keeping and how savings accounts work, and leave credit cards at home when shopping with the kids . These simple but effective steps will help your children learn to handle money responsibly and equip them for adult life.
Dr. Tabriella Perivolaris, Sara's mother and fan of fashion, beauty, motherhood, among others, about the female universe. Since 2018 she has been working as a copywriter, always bringing to her articles a little of her experience and experience as a mother and woman.