How to cultivate children's interest in financial management?

To cultivate children’s interest in financial management, the following four points are essential:

1. Don’t avoid money issues

In fact, children start from the age of 3 or 4 From the beginning, you can become aware of the money issues your parents talk about. Out of curiosity, some children may ask their parents questions about money.

This is a good opportunity to explain relevant issues to your children, and also to instill in your children a correct view of money. Moreover, during this period, children's interest in money has also begun to sprout. Once parents avoid money issues, they are likely to nip their children's interest in this area in the bud.

2. Let children participate in practice

Many parents like to reason with their children, which is fine in itself. But if you only talk about the truth and don’t let the children participate in practice, the children will never be able to experience the joy of wealth.

It’s like telling a child how beautiful ancient Chinese poetry is without letting him read it or explaining it to him. Then he will not be able to appreciate the beauty of the poetry and will not be interested. .

For example, parents can first give their children a little pocket money, and help their children slowly learn how to allocate their pocket money. Then they can help their children save together and let them experience the fun of saving money. You can also take him to the bank to open a bank account and tell him some basic money saving skills, such as zero deposits and lump sum withdrawals, lump sum deposits and withdrawals, etc., so that he can have the awareness of saving since he was a child.

During the Chinese New Year, some banks specially prepare foreign currency red envelopes for children. You can buy one to let your children understand the currencies of various countries. You can also play some wealth simulation games for your children, such as the "Monopoly" dice game invented by Americans, to increase the fun of playing money games.

3. Teach children how to summarize

Parents can also teach their children some basic financial management methods. For example, keep accounts, and then summarize the consumption of pocket money for the month, the savings for the month, etc.

Based on this information, parents can guide their children on how to consume reasonably and how to use their pocket money more effectively.

Teaching children to summarize financial situations will not only help them better manage their personal wealth in the future, but once the good habit of summarizing is developed, it can also help children better complete other things.

4. Parents should lead by example

As the saying goes: Parents are their children’s first teachers and their children’s lifelong teachers.

Children are a mirror of their parents. Whatever parents do, children will do the same, because parents’ behavior will have a subtle impact on children.