Save money for your children and talk about your feelings.

During the Chinese New Year, the children got another "considerable" lucky money. Are you worried about what to do with the money at this time?

"Threatening to seduce" children and "confiscating"? Then the result is that children will always sue their parents and refuse to give money to their parents.

Let the children control and control the lucky money themselves? The result may be that there are not many lucky money left every year, and you will develop a bad habit of spending money lavishly.

So how can parents help and guide their children to correctly handle and control the lucky money, so that their "assets" will not decrease, but will grow with time?

The book "Three piggy banks" written by Dr. Yan Zhipeng, a tenured professor of finance at New Jersey Institute of Technology and a invited researcher at Alibaba Data Economy Research Center, provides an effective method: helping children of different ages to save (invest) safely, so that their money can accumulate more and more.

First of all, children aged 3 to 5 should make "transparent" savings.

My son is 4 years old this year. Since he went to kindergarten, he has been reluctant to pay the lucky money and birthday gifts every year. Instead, he put it in an envelope and hid it in a pillow. When I think of it occasionally, I will take it out and have a look. When he saw it, he happily put it back.

But he only remembers it a few times. To this end, I discussed with him to put the money in a transparent jar and put it on the bookshelf so that he could see the "small money jar" every day, and my son readily agreed.

Since putting money in the "bright place", my son has paid great attention to collecting change and actively participated in the school's "flea market" charity sale, hoping to get a reward by doing simple housework. One day, he said happily that he would change a big jar.

In order to make children live better in the future, we need to cultivate their financial quotient as soon as possible. Among them, 3 to 5 years old is the enlightenment stage, and teaching and encouraging them to "save" is the most important lesson.

Because children of this age can't understand the value of time and the benefits of bank "interest", they don't need to go to the bank to guide their children to "save". They just need to prepare a transparent jar and put the money in it, but don't fold it neatly and lay it neatly, so as to make it look like a lot of money.

In addition, this piggy bank should be placed in a conspicuous place at home, because intuitive visual effects have a great influence on children. If they find that the money is slowly increasing through the jar, they will gradually understand that as long as they keep working hard and don't easily take out money to buy unnecessary things, the money will slowly "grow up".

Of course, as children grow up, their "savings" also need to enter another stage-"compound interest" savings.

Two, children aged 6 to 12 years old, "compound interest" savings.

My friend Lili is doing a small business. Every month, she takes her eight-year-old daughter to the bank to deposit money. Once, my daughter asked her why she always saves money. What are the benefits?

Lily told her daughter that only by saving money will it accumulate more and more, especially when it is deposited in the bank to generate interest. Money is like a hen laying golden eggs. After a long time, hens will lay more and more golden eggs.

Seeing her daughter puzzled, Lili took the opportunity to help her open an account with a passbook and persuaded her to deposit all her money. After a while, Lili took her daughter to brush the passbook. My daughter was very happy to find that there was more money in the passbook with her name written on it, and said that she would deposit any spare money in the future.

At this stage, children's understanding and autonomy have been greatly improved, so in order to encourage and motivate children to continue saving, parents can take extra matching or guide their children to deposit money in the bank.

For example, if a child still chooses a transparent piggy bank, then parents can buy "interest" out of their own money and agree with the child how much interest each deposit matches. Of course, this interest rate is better than that of the bank. At a certain time, parents and children can take out the money in the jar for inventory and accounting, so that children can personally feel the benefits brought by savings and "interest".

At the right time, guide children to deposit this large sum of money in the bank to obtain higher "interest". In order to let children see "Qian Shengqian" intuitively, parents had better save it with a passbook, so that children can experience the "magic" of compound interest.

However, the magic of "salvation" has not stopped. Saving at a higher stage will bring precious "rite of passage" to our growing children.

Iii. Children aged 13 to 18 shall make "fund" savings.

Intern Ayun talked about tuition in a chat. She told us that after four years in college, she paid half the tuition because she started saving money in junior high school.

It turned out that Ayun had just entered the second day of junior high school, and her parents created a "university education fund" for her. In fact, she opened an account in a bank and deposited her savings. Her parents agreed with her that her lucky money should be deposited in this account every year, and her parents would "match" how much money she saved; Moreover, before going to college, this money can only be saved, not taken. So when Ayun is admitted to the university, the "University Education Fund" will become a considerable wealth.

I have to say that Ayun's parents are very prescient. After all, children of this age should learn to be responsible for their actions. Going to college is a major event in a child's life, and it is a responsible performance to bear part or all of the tuition fees for college education.

Therefore, when children enter this age, with the help of their parents, they can find and choose savings products with higher deposit interest rate and higher safety factor, or even wealth management products with "stable income", thus establishing their own "education fund". At the same time, in the process of understanding and comparing the interest rates of major banks, children can also master some basic investment knowledge and financial management skills to improve their ability to identify financial fraud.

Dr. Yan Zhipeng said in the book "Three piggy banks" that both the stories of Rockefeller and Li Ka-shing's prosperity and books such as "Rich Dad and Poor Dad" tell us a truth: saving is the only way to financial freedom, and it is also an effective means to cultivate children to respect rules, know how to plan and resist temptation, which is inseparable from a person's success.

Therefore, talking about "money" correctly with children will not "corrode" their young hearts and guide them to "save" reasonably, in order to better manage their own money and improve their financial quotient, which will have a great impact on whether children can achieve financial independence, avoid investment mistakes and identify financial fraud when they grow up.