As parents, we all hope that our children can grow up healthily and have good habits and qualities. And educating children how to spend money wisely is one of our important tasks as parents. This article will share several practical methods for you to help you educate your children about financial management and cultivate their financial quotient.

Teaching by example is more important than teaching by example

As parents, every penny we spend frugally and wisely is the best textbook for our children. In front of children, avoid extravagance and waste, and make frugality a common habit of families.

The wisdom of pocket money

Give children an appropriate amount of pocket money and guide them how to use it reasonably. School supplies and books are the first choice, instead of indulging in eating, drinking and having fun.

Clever management of lucky money

During the festival, it is not recommended to give all the lucky money received by children to their free control. A better way is to keep it safe, give some to children and tell them that the money will be used in more meaningful places, such as education.

Stay away from comparison.

The real value of educating children lies not in material things, but in progress and ambition. Learning, habit and quality are what they should pursue and compare.

Cultivate financial management consciousness

Teach children to spend money in a planned way and let them understand the difference between "need" and "want". Preparing a bookkeeping book to record every expense is a good way to cultivate their financial awareness.