How to teach children to save up money

How to teach children to save up money

Your child grew up and demands own moneybox? For what it is necessary to him and how to teach the child to save up money.

As a rule, to seven-year age the child begins to understand, than actually show money what they are necessary for the person for and why they need to be saved. If your child ripened for "savings", try to teach him to spend own money intelligently.

For a start it is necessary to interest him in similar processes. Often at younger school age to the child all the same how many money parents spend for products and utility payments, but, nevertheless, they constantly are interested: when after all buy them new phone or some toy. If the kid does not undertake efforts to save up the necessary sum of money independently, try to offer him it. He will have an opportunity to independently earn money, for example, receiving the five at lessons or helping parents about the house.

The child has to know importance of the earned money. However, dad and mom should remember that work cannot be turned into heavy torture. All household chores, or for example visits of shop and work on the seasonal dacha have to be pleasant for the kid.

By all means operate the child's whims. Not only children can suit hysterics in shops if dad or mom do not buy the toy which was pleasant to him. After the kid insists on purchase and does not want to leave shop, tell that you will try to get a toy in the nearest future. Next day the child can remember your promise, thanks to it, you need to think out the new reason, actually on which you also cannot buy a toy at the moment. It is important to delay purchase constantly. It will help the child to realize that everyone, even the most elementary purchase, should not be unreasoned.

You after all should get the promised toy as parents have to keep own promise. Otherwise the educational moment can present the return results. If you go to shop behind products, by all means invite the child. 

Author: «MirrorInfo» Dream Team


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