The relation to money in many respects defines financial wellbeing of the person. And if since childhood to tell the child about rules of the address with finance, then it will be much simpler to it to adapt in society and to ensure material welfare. As a rule, already at younger teenage age children have to have elementary knowledge of money,
Many parents complain that their children do not appreciate money, do not know their true importance and ask unfairly large sums on daily expenses and on purchase of expensive toys or gadgets. At the same time, if to ask these parents - how often they speak about money and finance with children, then affirmative answer can be heard from the rare person. Meanwhile, without imparting children the culture of handling of money, it is very difficult to achieve from them the correct relation to finance.
The American institute of the certified accountants (The American Institute of Certified Public Accountants) conducted survey of parents of teenagers about that how often they speak with children about value of money in life during the poll it became clear:
- 30% of parents do not speak with the children about money at all; - 95% of parents prefer to speak with children about good manners and etiquette, than o money;
- 87% consider more important to talk about healthy nutrition; - 84% will warn children about dangers of drugs and alcohol; - 82% will tell about risks of smoking. Certainly, any sane person will not begin to belittle importance of discussions on morals, good manners and harm of drugs. However in the present world without knowledge of handling of money too far you will not leave. After all, the material welfare is an indicator of the successful person able to respect himself and the requirements. And vice versa - if the person is not educated these questions, he will not be able to make rational decisions concerning the finance. The financially secure person is the independent personality capable to achieve goals. Therefore a talk about money with the children should pay attention not smaller, than to conversations on other important subjects. Researchers of the American institute of accountants from the poll drew the following conclusions: 1. The earlier you will begin to impart to children of a basis of financial literacy, the better. Track when your child begins to express the conscious desires connected with material inputs. It means that time to talk about that from where money in what quantity and for what they are spent come came. Let the child learn the amount of obligatory expenditure in a month, in a quarter, in a year and also obligatory monthly expenditure. It will help it to put an overall picture of a financial position of family, to understand what it is the family budget and to take part in its discussion. 2. Tell about bank deposits and accounts, tell how to use them. It is possible a part of money which parents and grandmothers with grandfathers give to children for Birthday, to postpone for the special bank account opened addressed to the child. It will help the child to understand that it is possible not only to spend money, but also to make with them various operation.3. You should not think that the child understands nothing in money. And if you are sure of it - change a situation: use any opportunity for a conversation about money. Explain how it is possible to buy the apartment or a car, to take or lend that such investment. Tell what happens to money if to put them on a deposit or to buy on them expensive toy. It will help the child to understand the principle of rationality of expenditure of money, and to parents - to learn character of the child.4 more. Make a talk about money regular, but do not make acquisition money a fetish. Show to children that money is not end in itself, but an opportunity. Financial independence exempts the person from many vital problems if it is correct to treat money. Any will be able to spend money, and here is competent to enclose - unit.5. As always, the personal example best of all works. If parents have no financial literacy, then and children will hardly master it. Therefore learn to understand terms, concepts and the main ways of an investment of money that then to transfer this knowledge to children. As a rule, the one who learns - at the same time studies at the pupils. Mastering together with children of a basis of financial literacy, you will begin to understand much better this subject.