How to teach your child to save pocket money?

At this time, many children begin to ask for money for sweets, rides, gift to a friend for his birthday, and so on...

There is a need not only to allocate the fumes of pocket money, but also to teach him to handle money.

Psychologists say a few techniques that will help educate a child sensible spending and saving their pocket money.

budgeting

Tell one show - is quite another. Take your child with you to the store and show that there is a primary and secondary purchases, and without which you can do without. Ask the kid that he had bought, and explains why some ideas are good, while others - not. Then check to see how he learned what was said.

The child should see and understand that money is limited, and my mother always carefully calculate how much and on what can be spent.

Another technique that allows the child to learn to plan in advance the cost, is the allocation of spending money just for a certain period. Do not limit your baby, let him in on Monday means all week. It may happen that by Tuesday the money will not go at all... That came time to talk about how important it is to calculate spending in advance.

Show your child that without money he could not afford even the minimum, but the punishment should not be too strict. You can not leave the child without any school-lunch, well, not sweet it is possible to do.

Also you will be interested in reading, how to save a family that has a child?