Short Lesson On Handling Money For Young Kids

Parents are aware that today is financial literacy is important for children. If children grow up without the knowledge of handling money, they will end up paying for the debts or credit card bills when they are old.

We should teach children about money as they grow up. For young children, it's probably harder for them to understand. I made use of the idea of ​​using what children like to learn about money first. It is suitable for children aged about three and a half years.

This lesson is about "You can not spend more than you have ."

I gave my two children, sixty cents each. Each of them has spent twenty cents games. They are now left with forty cents. They decided that they want to buy sweets and chocolate, instead of spending the remaining forty cents on the game.

We continued to candy. They politely asked the shopkeeper how many different chocolates, crackers and a sweet price. Most of them cost more than forty cents (about sixty cents on the dollar), except for lollipops costing Forty cents. I gently reminded them that only forty cents and I have no more money. They finally decided to suck on, though it is not their first choice.

The lesson is that while they like chocolate more than a lollipop, you can buy it, because they are just left with forty cents. I would encourage them to borrow money for everyday pleasures in life (unless it is to calculate the risk of business). I thought it was a pretty good lesson, because the kids still got a lollipop at the end. It's a win-win for them and for me. If they can not find anything for forty cents or less, then they can not buy candy. They could, however, use the money for games instead. That is their choice.

This seemingly simple theory is usually forgotten when they grow up. There are just too tempting for us that we find it very hard to resist. There are eternal sales throughout the year, and most of us try to comfort by buying things you do not need just because it's cheaper than the usual price.

There are new gadgets and new models of everything. (mobile, television, computers, etc.) We are almost always tempted to buy new and better things. However, they are really needed? No problem if you have excess money, of course. Most of the time we do not really need these things, but it would be "good" to have them.

Be aware and do not fall into the trap of advertisers. Publishers must do their best to market their products and make sure you feel that you have. Think about it seriously before kupnje.Stari model can work equally well, but not as trendy. Spend where it is needed and where to get the best return. Remember to weigh the advantages and disadvantages.