When to introduce a child to the basics of financial literacy? What Tricks Will Teach Children to Be Thrift? How do you explain what spending planning is?
The game will help us
The first acquaintance with finances should start through the game. This will help you explain basic things. For example, that money loves an account and spending needs to be planned. There is a wonderful game. Ask your child to draw an apple on a piece of paper. Now, on the other side of the leaf is a pear. When the child is finished, tell them to cut out a pear for you, and Apple. The child will be confused. Of course this is not possible. After all, there is only one leaf, and if we wanted to cut both fruits, we had to think about it in advance. Also with money.
Shopping trips
Children often accompany us on shopping trips. Use this for financial education. It is useful to write a shopping list together so that you do not make unplanned and unnecessary expenses. In the store, comment on your actions: we look at the price of the product, choose what is included in our budget. By the way, here financial coaches advise to pay for goods not by card, but in cash. For the child to see - the money is running out, and they have to be earned again.
Pocket expenses
Tell us how you can save on buying your dreams / istockphoto.com
Bank card
To control pocket money, you can issue a special children's bank card and transfer the amount there. You will see all transactions and know where the money is going. Using the card is a good skill, since cashless payments are now possible almost everywhere. Teach your child how to handle the card - how to shoot, how to enter a pin code, covering the keyboard with your hand, what to enter at an ATM, etc.
Personal example
Share your work. What do you do, what is included in your responsibilitiesfor which you receive a salary.
Spending can be deliberate and planned / istockphoto.com
Show your child how you pay for utilities, comment on why you are doing it.
Try not to quarrel about finances in front of your children. But if there are financial difficulties in the family, do not protect the child - explain what is happening.
Remind about planning and budgeting often. By the way, remember that you are responding to a kid's request to buy a new toy. No money? Try to avoid this exact wording. Better to explain that this purchase is not planned for this month in the family budget. If the child wants, he can get it next month, or earn, or save for it from his pocket money.
Read also:
How a child can make money and what he shouldn't pay for
Gritseva school science (audiokazka)
