Learning to manage money is a necessary skill for everyone. But many parents still have the idea that children are still young and will be taught when they grow up. Grow up, grow up, which age is the real growth? In fact, this is largely caused by parents' failure to cultivate their children's correct concept of financial management. It is necessary to establish a correct concept of financial management for children. Don't wait for children to spend money indiscriminately before they realize the seriousness of the problem!

The concept of money

From the time when children will take the initiative to ask for something, they can take the initiative to explain the concept of "money". Let them know that money can be used to buy things and shopping can only be bought with money. Moreover, money does not appear out of thin air and needs to be earned through work.

Parents set a good example.

Parents are role models for their children in all aspects of life and financial management. Parents usually spend a lot of money, so it is difficult for children to learn to be frugal. To educate children from an early age, parents should set an example, spend every penny on the cutting edge, and teach children to learn how to manage money.

The habit of rational consumption

During the festival, children will be very disappointed if they receive all the confiscated money from relatives and friends. Even some children usually don't have pocket money, and the two are completely isolated. Actually, this is not good. In addition, instead of direct confiscation, it is better to let children participate in planning how to use it. Buy toys, books and things for grandparents and save them ... Let the children tell the purpose of each expense, and gradually the children will know to spend money rationally and learn to spend rationally.

keep accounts

For older children, parents can teach their children to keep accounts, or buy a lovely account book for their baby, so that the baby can have the concept of keeping accounts. For example, how much pocket money the baby gets today, you can record it, put the daily expenses on the account and compare it with your own change. Babies will have a clear understanding of "spending money" and "making money" and learn to "live within our means".

Tips for saving money

There are many good ways to save money in daily life. For example, before shopping, let children make a shopping list, which can not only control their desire to buy, but also let them know what they must buy and what they can save, so as to avoid overspending because they bought what they saw, and their financial management ability will be improved accordingly.