After your child knows how to use money, do you need to teach him how to manage money?

Teaching children how to manage money is very important! During the Spring Festival, children must be very happy. Not only can they bid farewell to books for a short time and play happily with their friends, but they can also collect New Year's money. I don’t know how parents handle their children’s lucky money. Some parents help their children collect the money, while others let their children handle it themselves.

Some parents may say that if they let their children handle it on their own, it won’t be a waste of money. This actually illustrates a problem, that is, their children’s ability to manage money. Today Geek Mathematics Gang is here to tell you why it is important for the church to manage its own finances!

Benefit 1: Cultivate children’s habit of not spending money randomly

Let children learn to manage finances , the most direct benefit is that it can develop children's good habit of not spending money indiscriminately. However, the cultivation of such a good habit has been ignored by many parents. Let your children practice accounting. It is best to let your children develop the habit of planning in advance when buying things. You can also tell them your parents’ monthly salary, monthly household expenses, etc. These will teach your children to manage money and help them not to spend money indiscriminately or waste money. Good habits for stuff.

Benefit 2: Cultivating children’s ability to invest

Cultivating children’s ability to invest and manage money not only prevents children from spending money randomly, but also enables children to know how to spend money and create better things. much wealth. Nowadays, financial intelligence has become another widely recognized aspect of basic qualities of people in modern society after IQ and emotional intelligence. Letting children learn financial management and cultivate financial intelligence will help their ability to deal with interpersonal relationships.

Benefit 3: Develop children’s living ability and sense of responsibility

After children learn more financial management knowledge, they will understand the principle of "pie in the sky will not fall". It will also make it less likely to be deceived, enhance the child's self-protection ability, and cultivate the ability to live independently. At the same time, if children understand financial management, they will understand how difficult it is for their parents to earn money to support the family, and it will also cultivate their sense of family responsibility.

How to cultivate children's financial management ability?

1. The earlier the better, the better

There is no special financial management course in the nine-year compulsory education, but in a person's life Where can we separate it from money? Therefore, the earlier the subject of financial management is cultivated, the better. Parents should pay attention to educating their children's financial awareness in a timely manner from an early age.

For example, taking your children shopping or buying groceries can help them understand the relationship between buying and selling. You can also ask your children to calculate how much they should pay and how much money they need to change. This can have a great impact on mental arithmetic speed. Big improvement.

2. Help children establish financial goals

American parents usually ask their children what their ideals are when they grow up. Of course, every child’s ideals are different. Some want to be doctors, some want to be firefighters, some want to be lawyers... At this time, parents will take the opportunity to ask their children, what do these people do for a living? When looking at their children's confused faces, American parents will take this opportunity to tell their children , career goals and financial planning go hand in hand. No matter what you do in the future, saving and investing money are more important than simply making money.

3. Help children turn financial management goals into financial management actions

After American parents tell their children their future financial management goals, they usually develop a financial management plan with them. In fact, parents will find a lot of fun while interacting with their children. If parents happen to have a friend who is a financial planner, they can introduce him to their children. This can let children know that saving and investing money is a very serious matter.

4. Teach children how to live frugally

The American best-selling book "The Millionaire Next Door" tells people that if you want to become a rich man, you cannot just make money; You need to rely on daily savings and investment to become a rich man. Therefore, parents should let their children learn to live diligently and thriftily from an early age. For example, some children like to eat ice cream. If it costs 50 cents to buy a cup, the parent will tell him: "You can eat it if you want, but I can only give you 25 cents today. When I give you 25 cents tomorrow, You can buy it and eat it.”

5. Teach children how to save

One of the best ways to make children aware of saving is to build a “small bank” for them so that they can have money. A savings card. After you apply for a debit card for your child, you can patiently induce him to put the change in his pocket into it, and tell him to stick to it, be responsible for his debit card, and not to use the money in the card when there is no need to spend it. In order to make your child persist, you can use encouragement methods, such as allowing him to use 1/3 of the pocket money given by his parents to buy snacks and other consumption, and the rest must be deposited.

Children will save if there is "sweetness". If they persist for a long time, the awareness of saving will be rooted in their minds.

6. Establish children’s awareness of shopping budgets

While giving children pocket money, let them keep an account: how much pocket money he gets every month and what he buys Things, how much do these things cost? If the child keeps accounts clearly, he should be encouraged. If he fails to keep accounts or makes excessive purchases, he should be warned.

7. Encourage labor to make money

Parents often divide housework into different prices according to labor intensity. For example, sweeping the floor is 1 yuan, washing dishes is 3 yuan, hanging clothes is 3 yuan, etc. And register it in the book, and pay the "salary" once a month. The children can use the salary to buy things they like, or save to buy something big.

However, it should be noted with this method that although it is about educating children, everything cannot be measured by money. After all, it is the obligation of family members to do a certain amount of work for the family.

University questions in pocket money

1. Parents should pay attention to the process of their children spending money. In principle, it is up to the children to decide how to use their pocket money without interfering too much.

2. Parents can treat financial management as a game and share it with their children. For example, create an account book with your child and let the child record the expenses related to him or her at home within a day. For example, it cost 10 yuan to buy books and 2 yuan to buy pencils today. Record these in the small account book.

3. When parents make suggestions for their children’s plans and consumption accounts, they should also pay special attention to letting their children understand that they must not only meet their immediate needs, but also realize that bigger dreams will take a long time. Time money savings can be accomplished.

4. Parents can also guide their children to use their pocket money to do charity, such as donating to children in disaster areas, donating endangered animals, and adopting a small tree. This can effectively cultivate children's love and social morality. heart and responsibility.

5. When children buy things, parents should give them some suggestions in time, "Is this good to use? Is it what is needed most?", and encourage and affirm their children's good practices and ideas in a timely manner. .

Prepare a financial account book for your children to record their income and expenditure, let them record and manage their own income and expenditure, learn to balance which ones are worth buying among so many things they hope to obtain, and regularly evaluate financial management plans result.

Children’s “money-making” education

Be cautious about your children’s “money-making” education. Nowadays, some young parents are very Westernized, and this is also true when it comes to educating their children. They will imitate the Western practice and let their children do housework in exchange for payment, thinking that this is the ideal financial education. It is true that experiencing the process of getting paid for labor can indeed give children a sense of accomplishment, which is more positive and educational than simply asking for money from parents. However, the specific approach must be carefully considered, not all housework All should be given money as a reward.

1. If a child brings water and medicine to sick grandparents, timely encouragement and praise are the best rewards.

2. When a child puts in extra work because he wants to do something more meaningful, for example, the child wants to collect and sell his own used toys in exchange for some money to donate or buy useful toys. When buying books and toys, parents should provide support, including purchasing their children’s toys in the form of money, to help their children achieve their wishes.

3. Not all self-service must be rewarded, because it involves the cultivation of children's sense of self-service, family responsibility, and love. Five- and six-year-old children can and should serve themselves in life. For example, children can tidy up their own toys, books, and bedrooms. If parents feel that their children have done a good job and are very self-conscious, in order to express their affirmation, they can use the method of taking their children out to play. way as a reward.

Nowadays, financial intelligence has become another widely recognized aspect of basic quality of people in modern society after IQ and EQ. Parents should start cultivating their children's financial management ability from childhood.