Teach your child to drive and save money

In a society in which children are accustomed, from the time they are very young, to having everything, it is very important that they learn to value what they have and to know the limits of expenses. How to do it? Well, teaching them to manage money, to manage expenses, to know what value each thing has.

Nothing more advisable for a moment of crisis. Children must be taught not only how much each toy, each clothing or each book costs, but also how much it costs to maintain basic consumer needs: electricity, gas, water, supermarket bills, etc.

Everything has a price and a value. Children can and should learn how they can contribute to contain expenses from a very young age. It is not an easy task, with so many advertisements in the midst of a consumer society. You just have to look at the letters to the Magi, or the lists of gifts for birthdays or for the first communion.

Still, it is important that we put into practice a management plan so that children learn how to control themselves, and not waste money. Some psychologists suggest that parents teach their children to value money, invest some money for them in the long term and arrange a weekly pay or some extra bonus. They believe that children know how to manage income and expenses and are more prepared for the future.

exist many ways to teach children to manage money and expenses:

1- Through board games, such as 'Monopoly' or 'Trivial'.

2- Explain to your children the difference between value and price. Between need and expense.

3- Give your child the opportunity to manage his money. At home, everyone should have duties: to make the bed, put away clothes, toys, do homework, etc. That is an obligation. But if your child does some extra chore, such as taking down the trash, vacuuming the interior of the car, helping to put away groceries, or hanging clothes, it would be a good opportunity for you to offer a small amount of money for each service. Let them be tasks for which the child, depending on his age, is prepared, of course. The important thing is that children acquire a model in which things are achieved with effort.

4- Teach your child to save and have goals to do so. For example, to go to the movies with their friends, to buy an ice cream, or a book, a toy or some highly desired sneakers.

5- It is important that both parents and uncles and grandparents agree on how much to give the child.

6- It is advisable that parents also educate themselves. After all, they must lead by example.

7- Teach your child that it is worth not spending on unnecessary things. Better to reduce costs to get what you really need.

8- Don't forget to reward your son when he manages to save. Cheers will boost your effort. With these little tips, don't expect your child to become a doctor of economics. But you will see that there will be a brake on so much consumerism. Your child will realize that nothing falls from the sky.

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Video: 4 Great Money Lessons to Teach Your Kids Before Its Too Late (January 2022).