Give a child living expenses
Giving children some living expenses can help them learn how to control their money. Let them be responsible for their own lives and provide necessary guidance and support to ensure their successful self-management.
bank deposit
Opening a bank account is a good way to educate children about financial management. Before they learn to keep accounts, save money and manage money, you can operate the account as their guardian. The transition from novice account to ordinary account will build trust and financial responsibility.
rescue
Teach children how to save money. Tell them that if there is not enough reserve, it will be very difficult when unforeseen things happen. Teaching children the skills of saving will help them to establish healthy financial habits in the future.
rescue
If children deposit money in the bank, they can achieve their savings goals faster. Setting savings goals for children or rewarding thrifty behavior will help to improve children's sense of saving and responsibility.
Savings are valuable.
Choose a favorable interest rate for children, such as a savings account, so that they can begin to feel the value of money and its effectiveness as a savings tool. Be flexible according to their age and savings goals.
The importance of fund management
Tell children how to spend money wisely and understand the importance of necessary expenses. At the same time, let children realize that everyone has a clear budget limit, or that everyone has different ability to pay, so they will not pursue excessive consumption.
financial instruments
Tell children that investment is a way to increase wealth by buying investment tools in financial markets, such as stocks, bonds and funds. Financial management tools can bring them more wealth and insurance in the future. Don't put all your eggs in one basket, keep diversifying risks and invest steadily.
Improve financial reading ability
Teaching children how to understand the interest of banks on funds and guiding them to use financial calculators to help them make correct decisions will enhance their financial knowledge and decision-making ability.
Observe the child's acceptance.
We should know that each child's learning ability is different, so in the process of tutoring children, we should observe their acceptance ability. According to children's age and ability, we should gradually let them master more money knowledge and give them support and encouragement.