It is very important to educate children about money, which can help them learn how to manage money and master money skills. Here are some specific suggestions:

Let children know the value of money.

Educate children from an early age to know the number of coins and banknotes, the source of money, the labor and efforts to make money, and so on. This can make children realize the value and importance of money.

Make a budget for children

Set a weekly or monthly budget for children, let them know how much money they have at their disposal and let them learn to calculate and plan. You can ask your children to budget their family expenses or take them to the store to compare the prices of different products and teach them how to spend their limited funds on valuable things.

Let children make money

Let children try to make money by working or using their skills. For example, children can be asked to help clean the room or wash the dishes, and they can get some money through their labor. In this way, children can know that money is not available, but can be obtained through labor and pay.

Cultivate investment awareness

Properly guide children to understand economic concepts such as production, investment and consumption absorption. You can start with buying insurance, funds, stocks and other investments, so that children can realize that money is closely related to time and value.

Shopping education

When shopping, children can be encouraged to participate in discount calculation, product comparison and other activities, so that they can consider the actual value and quality of products when buying, rather than just looking at the price.