Proper financial education is the key to a successful life. Here are the basic rules that will help a child earn enough for himself and his future family!
Give the children a fixed amount
Some experts take the position that children should not be given pocket money, accustoming them to making money. However, what kind of earnings are we talking about if the child is ten or, for example, 12 years old?At a young age, the best option would be a fixed amount, which the child can dispose of at his own discretion.
Using this small amount as an example, you can teach your child how to save money, calculate your expenses, and prioritize the most important things.
Talk about your money
Parents try to protect the child from financial issues, some children grow up with the feeling that money is a taboo topic.
However, children notice and analyze everything, understand when the family is in a difficult situation, and when everything is relatively good. If you want your child to be literate in money matters, then talk openly with him on this topic, answer even tricky questions, do not be lazy to talk.
How to get rich for kids: parenting secrets that will make your child rich in the future
Engage your child in the discussion
When money ceases to be a topic of taboo for a child, you can move on to more active financial interaction.Of course, the kid will hardly help you with obtaining a loan, but why not involve him in drawing up a shopping list? Comment on the kid's decisions, try to explain as many things as possible, without the classic "this is wrong."
Give the child the opportunity to fix the situation himself
If you want your child to be responsible for money, you must instill in him responsibility for all his actions.
If the kid is guilty of something, broke a vase while running around the house, or gets dirty in the garden, give him the opportunity to fix the situation himself.
Of course, the baby can only partially correct the situation (for example, remove the fragments of the vase from the floor, but not buy a new vase). And this is already a great start. Instill in your child the idea that he will have to take responsibility for his actions.
Teach your child to procrastinate
Many adults successfully use the so-called piggy bank method. If a child wants to receive great joy, then he must deny himself small pleasures.It is important not only to give the child a piggy bank, but also to properly motivate him. Be sure to say that the management of pocket expenses falls entirely on the shoulders of the child. Next, watch to see if he postpones. If the child is unable to curb their desires, they will have to have another conversation.
How to get rich for kids: parenting secrets that will make your child rich in the future
Give your child the correct attitudes
In the modern world, you can earn enough, for this you need to have education, aspiration, in some cases start-up capital... And sometimes it's all luck! But in no case discourage the child from trying!
Give positive examples, name people who made a fortune from their hobbies.
Recall
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- How to plan your finances: 7 tips for everyone!
