An adult cannot do without planning his expenses and income. You can teach these skills to your child as early as adolescence.
1. Show an example
If the child plans with you, the phrase about the family budget will cease to be empty and useless for him. He will see by your example (and this is the most important thing!) That accounting for income and expenses really makes life much easier.2. Train your discipline
A teenager will quickly learn to understand that it is not the parents' desire to upset him that is behind the ban on buying some kind of minute wishlist.
The point is in a specific reason - this expenditure operation was not taken into account when planning the family budget.
3. Allocation of costs
TOP 5 reasons why a teenager should be involved in building a family budget / unsplash.com
Talking with your child about important and unimportant purchases will help him to properly manage any amount of funds.
4. Practical financial literacy
Budgeting can be turned into an interesting and rewarding game, giving the child the opportunity to exercise, count, distribute and analyze.
You will be there to nudge him at the right time. The main thing is to always explain, not shout.
Your child will soon be familiar with how the family economy works.
5. Flexibility training
Equally important for a child is the knowledge that it is desirable to be flexible in finances. Even when planning for a month, sometimes you have to deal with emergencies.How to distribute funds if they are not enough? Give your child a math problem like this one day.
Recall
- in the United States, a girl was born who is only two years younger than her mother.
- Ratajkowski posed in a swimsuit in her eighth month of pregnancy.
- the girl was born immediately with three teeth, which shocked the doctors.
