Who has said that personal finances are only big issues? From an early age we can train men and women who will know how to manage their money tomorrow, avoid debt and generate savings .
As a responsible father or mother it is your duty to educate your children so that they have a healthy economy in the future. Follow these tips, teach them to save from children!
Money is not a gift
When you were little maybe you asked your dad or mom for money and they responded with the typical: “there is no money.” Well, the answer is not bad, but it is not the right one. As children we must understand that money is made and is not a gift. Therefore, we must learn to earn it so that its subsequent use is more responsible.
Teach your child that the money you earn is the result of your day-to-day effort. That is why it must be spent responsibly. To understand the value of money, you can compensate for helping with some household chores, such as watering the garden, washing dishes, etc.
That he knows how you spend your household money
One way that your children can manage money is by example. You can teach him while he accompanies you to do the shopping of the week. So you will know that you have, for example, S / 200.00 to spend on household food and that you must buy in such a way that you do not lack anything for the next seven days.
The great thing is that if you manage to save on your purchases (maybe taking advantage of your departmental card ) you can teach them to save the soles or cents of balance.
Give him a pig
The equivalent to a savings account for adults is the typical pig, that piggy bank that we all had as boys. This object is very useful because it teaches them to make daily economic sacrifices to raise more money for something better.
Your child can even set the goal of collecting 50% of their daily tips for thirty days. If you achieve the goal without complications you can reward it even by helping you with some more. Rewarding your child’s savings efforts is an excellent idea to motivate him to continue taking care of his children’s finances.
We can make the next generation financially successful with good habits! It’s time to start. What other advice do you leave us?