How to teach a child to handle money: tips for parents

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Already at an early age, children begin to understand that new toy or ice cream at the store just do not get - this requires money, which can be taken from their parents. However, it often seems to be the crumbs that these cherished pieces of paper and coins parents have always and unlimited quantities, and therefore it is important to explain to the child what is this money and how they need to be properly dispose.

First of all, it is necessary to explain to the kid that and how much it costs. As often as possible take it to the store (preferably in different) and voiced aloud prices. Taking a walk to the supermarket, you can also discuss with your child what is expensive and what is cheap, showing specific examples.

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In addition to the cost of goods, it is important to show your child the value of human work on real-world examples. The salary for each profession to better represent not the amount, and equivalent to, for example, possible to buy sweets or toys. Thus, the child will understand what money is, parents are limited, and how to deal with children's hysteria in the stores then the question will not stand. Help us to understand that the money - it's the equivalent of labor, and could encourage his domestic help or received good marks.

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For school-age children a good way to learn to handle the money will be developing games such as "Monopoly".

Teach your child to shop on their own, causing at the same time to make decisions. For example, knowing that the kid wants a toy, and ice cream, give him the amount which is enough for only one thing and put the baby in front of goal.

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The first pocket money can bring the child into confusion, because in spite of the fact that you will give them the calculation for the entire week ahead, it certainly will spend their last penny in the near future. In this situation, you should not indulge the child, as if he did not ask. By the way the money is better Pocket originally given to short periods (several days), gradually increasing the intervals. This will teach your baby budget planning.

And another very useful owlt, Give their child a nice piggy bank, that he has learned not only to spend their pocket money, but also to accumulate large sums of money for significant purchases.

And be sure to ask aboutyou need to be sure to tell your child about money

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