The child asks, what is money? Want to learn how to manage finances preschooler or a teenager? We offer you 6 recommendations from psychologists on the topic of financial literacy for children. How to teach a child to manage money to adulthood they flowed through his fingers?
It seems to us that the children are not required to devote to the money until the moment when they begin to earn. This is fundamentally wrong reasoning. In this case grows adult who spends money. How to teach children financial literacy?
Tell us about the family budget
When to start talking with your child about money? Since 4 years, psychologists say. He could have a lot to understand. Can you briefly tell us about your financial situation: what are your there ismandatory spending, as you save and how to increase your income. Baby you can explain it to the orange slices, sweets, Circuits Design. Teens understand and the standard explanation.
Look for a response to a request for purchase
How do you respond to the requests of the child to buy something? Irritating? Saying that the money - no? This thing dear? The answer is yes? Do not be surprised if you bring up a man fixated on money. Even earning millions, it will always be small.
It is better to say that you understand his desire, but this month there is no such line costs. But you can buy him something cheaper or aside money for some time. Encourage your child to sell their unwanted items and earn extra penny for the desired purchase.
Shop the child
In the store you can explain why buying certain products. Most often pay cash money. So the child will see a simple financial arithmetic in action.
Let's pocket money
From 5-7 years child can allocate the amount of pocket money. The money he can spend or postponed. Filter or irregularly give pocket money - better not. The child does not learn financial planning expenses. Lend money for home help or lessons as psychologists do not advise.
Teach money orders through games
You can play at home or in the shop "Monopoly". Older child, you can go shopping with a small list of goods. It will train your ability to control the "whims" and manage finances.
let earns
Above we said that to pay for help in domestic affairs or to make a lesson - do not. But the teenager need to be motivated to make money. Podyschu with baby versions of part-time work that would not interfere with their studies. Earned their own money teach literate disposition.
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