Raising children is a very difficult task, but one that all parents face and strive to do their best. Educating is not just about giving manners, study, courses and the like, the teachings of everything we face in life go far beyond! How to know how to behave in certain situations and how to deal with money is also an important factor in childhood and that will lead throughout life, so financial education for children should be started as early as possible.
Today’s children have to experience and survive in the world of consumerism that only tends to increase more and more. The wide variety of products and advertisements and advertisements that make the eyes shine with every new feature and circumvent the desire to acquire each one, counting clearly on the financial conditions. Early learning the difference between “ wanting and power” or “wanting and needing” are fundamental to the child’s development and limits.
Some parents wait for the “right time” to start talking about money and their values to their children. But, after all, what is the correct age? And experts on the subject say that there is no correct age group, but that lessons can and should be transmitted daily in the domestic and routine tasks of each child. Like, for example, turning off the tap when you are brushing your teeth, as you will have to pay for that water without even using it. Or turn off the lights if you are not in that room, after all the electricity bill is quite expensive for something that is not being used, isn’t it? In small details and demonstrations it is possible to teach children that everything has its value and thus give financial education to children.
How much does the food on the plate cost and is easily wasted? Why do you put something on your plate that you don’t want to eat or is it more than you could bear? This is a fact that occurs in 100% of families with children, but have you ever thought that it can be used as a demonstration and teaching about financial education for children? About the value of each product? The consumerist world has forced us to be more alert every day and to redouble our care for our financial lives so that we do not live in the red in favor of “I want”.
How to Apply Financial Education to Children?
The first step in the lesson is to teach what money is, present it in kind and explain what it is for . Showing your value and how it is achieved is also important, in addition to teaching that to buy any object it is necessary to “collect” a certain amount. These examples can be put into practice with children, giving as gifts, for example, a safe or even a transparent pot where all money received will be deposited. Teach the child to have outbreaks and if he wants to buy something he will have to earn it and add the necessary amount. With this lesson the child will learn to conquer and see the value of things and that it can take a while to get what he wants, after all it is not everything we want that we can buy at the same time.
Another good financial education class for children fits on allowances or weekly. Where the child must learn to deal with the money he receives for the things he wants to do in that period or collect the amount necessary to acquire something he wants very much . Remembering that the allowance should not be made in exchange for something or much less taken as a punishment, after all for it to be functional in financial education it must be maintained and given on the agreed date in order to teach the child to deal with any amount he receives in hand in addition to having to learn to manage so that you will not miss it until the next receipt.
Do you want to teach your children how to handle money and how to use it? Make plans with them and help them to calculate how much they need or still need to be able to buy what they want. Saying no and not giving immediately what the child wants will be healthy, believe me! For him it may be a pain to have to wait for his desire for a longer period, but when he manages to buy through his own effort with the addition of his own money, he will be very happy !!
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My name is Dr. Alexis Hart I am 38 years old, I am the mother of 3 beautiful children! Different ages, different phases 16 years, 12 years and 7 years. In love with motherhood since always, I found it difficult to make my dreams come true, and also some more after I was already a mother.
Since I imagined myself as a mother, in my thoughts everything seemed to be much easier and simpler than it really was, I expected to get pregnant as soon as I wished, but it wasn’t that simple. The first pregnancy was smooth, but my daughter’s birth was very troubled. Joana was born in 2002 with a weight of 2930kg and 45cm, from a very peaceful cesarean delivery but she had already been born with congenital pneumonia due to a broken bag not treated with antibiotics even before delivery.