1. Give pocket money to children: distribute the pocket money every month to children and tell them that the money is managed by themselves. Teach children how to save money, manage expenses and budget. In this way, children can learn to spend money purposefully and control their expenses in a planned way.
2. Help children to establish savings habits: educate children how to save some pocket money. Connect the child's pocket money account with the bank and let the child know the concept of interest. In this way, they can see that their money together will become more money and increase in value.
3. Teach children how to spend it: Tell children that money is not a bottomless pit and learn how to spend it. Teach children how to avoid impulsive shopping, how to compare the price and quality of goods, and encourage children to cherish every penny. Parents can make a shopping list with their children and shop according to the budget.
4. Let children know about family finance: Let children know about the income and expenditure of parents' families. Let children know the necessary and unnecessary expenses in life, the economic problems in the family, and tell them how important the expenses in life are.
5. Encourage children to create value: Encourage children to try to earn some extra money. Children can be allowed to participate in housework, volunteer, become a member of the community and so on. Great efforts should be made to educate children that many people make money every day, so that they can understand that money is not simply obtained without brains.
6. Set an example: As parents, we should also set an example. Children will learn from you how to spend, budget and save rationally, so always pay attention to your words and deeds.
Finally, it is emphasized that educating children to manage their finances requires patience and perseverance, and requires gradual guidance and encouragement. Early education is very important to cultivate the correct concept of financial management.