Cognitive currency
Take the children shopping together, starting with small denomination currencies, let him know the uses of various currencies, and lay a solid foundation for future financial management.
Participate in housework
Give your child small change and let him participate in small things at home, such as buying daily necessities. This is not only to exercise his mental arithmetic ability, but also to cultivate his labor values. Every effort is worthy of recognition.
Open a personal account
If you are older, open a personal account for your child and cultivate the habit of saving. Using red envelopes and lucky money, let him feel the interest income brought by savings, at the same time enhance self-control and understand the significance of delaying consumption.
keep accounts
Bookkeeping is a basic skill in financial management. Guide children to record the source and destination of each sum of money, which not only cultivates thrift consciousness, but also improves bookkeeping ability.
budget
It is equally important to cultivate the concept of budget. Let children learn to plan their personal expenses, live within their means and develop good financial habits.
make money
Cultivating the ability to make money is also the key. Encourage children to participate in housework and the sale of second-hand goods, experience the fun of making money, and accumulate experience for future investment and financial management.
delay of gratification
Delayed gratification is an important financial and commercial concept. Cultivating this habit in childhood can bring huge compound interest effect to their future investment and financial management, and thus lead to a rich life.