Many parents deal with this issue, it is extremely important to teach own child correctly treats money. Why? If the child does not understand the value of money, you risk to receive as a result the squanderer with debts which will never become neither successful, nor independent.
Why children do not appreciate money? They just do not know what is it how many efforts are required to get the next toy, clothes or food product. Nobody says to them about it, and they perceive all purchases as something self-evident and are surprised when there is no money or when money they are not given.
The child only then will begin to appreciate money and things when for their acquisition he spends some energy, will enclose some efforts and will make some actions. Of course, it does not mean what the child needs most to earn on everything for himself. But, nevertheless, if to teach the child to make some efforts, available to it, for receiving something, it will be able cardinally to change the relation to expenditure of money.
One of the best-known and most reliable ways of increase in value of money in the opinion of the child – attraction it to planning of the family budget. Let and your kid sees that some part of the earned money leaves on utilities, clothes and livelihood. And, if suddenly after such distribution of money for pleasures does not remain, ask the child what he can make in order that money appeared. For example, he is ready to eat, not to go less to a toilet at night to save electricity? Let he will think of how it is possible to correlate own desires and the income of family.
The second interesting way which will help the child to appreciate money – pocket expenses. Here the most important is to discuss all conditions in advance and to provide to the child the choice. Discuss with the child all his possible purchases, that is everything, except alcohol, cigarettes and others "bad things", and ask to provide at the end of the week a detailed report about that how many he received when how many he and for what spent. If the report is – there is also money for the next week and if there is no report also money.
The third option is pleasant most of all – give to the child pocket money for week, but you are said with it that all money saved by it before the end of the week will double. That is everything that will remain at the end of the week from pocket money, as a result will increase by 50%. Thus your child will learn to save up pocket money for something bigger. He will have certain choice: to spend money for something it is less and cheaper or to save, wait and increase money. If it cannot save, do not abuse it, and explain that thus it just removes acquisition of a desired toy for the uncertain period. As a result the child himself will decide that to him to make.
If the child at once spends all pocket money in the first day, in common discuss with him why so it turned out that the child did not consider. Explain how it would be possible to behave and sympathize with it, but never offer it financial compensations.
The most important in such education is to let to the child to feel responsible for the pocket money, they are not salary, are not way of punishment and encouragement. Pocket money is the tool helping the child to dispose of finance. Besides, it is extremely important to show that financial success depends not on salary, and on how to dispose of the earned money. So to dispose of money, they need to be preserved that not all adults understand, but you remember that mistakes of mother and the father should not prevent them to raise children