Managing personal budgets is a real challenge even for big people, but teaching children to develop a healthy relationship with the subject is not an impossible mission. Little ones need to learn early on how to value money and how to spend it the best way possible, and the example should start at home.
Parents are the role models of their children, so it is important for parents to demonstrate through the family's financial reality practical examples of how to handle money responsibly.
THE children's financial education It is very important, but parents should be aware that it is not just about teaching how to save. Notions of organization, planning, and how to avoid waste and how to spend consciously must be given. That is, attitudes that help make money yield more, even if not in large amounts.
The biggest mistakes parents make when it comes to children's financial education occur in an attempt to protect children. The main one is to think that money is not a subject for children and that, therefore, they should not participate in the conversations about investments or debt. It's interesting that the family stays together in good times and bad, complicity can make a difference.
Encourage children to handle money, even the youngest who have not yet learned to do math. A good idea for parents is to give a piggy bank, contribute coins, and let children manipulate the money when paying for the purchase at the grocery store or bakery.
Call on children to participate in family projects, ask for their help in savings for the holiday trip, for example. Have fun with your kids planning purchases. It could be a toy, a new video game. The important thing is that they learn to feel the pleasure of achievement after so much effort in the economies.
More important than giving allowance, is teaching your children how to control it. Give the children a notebook, where they should write down all expenses, and meet at the end of each month to sum up the values and see how the money is being used. This is the perfect time to teach that limits must be had on consumption.
Dialogue is always the best strategy, so it is no use talking about money in a sermon tone if the child has spent more than it should. Teach children how to value money It is a continuous work that is done with everyday situations. And a child who learns to handle money tends to become a more responsible adult.
Teaching Children About the Value of Money (April 2024)
- Children and adolescents
- 1,230
