The first step: let the children know clearly "what is money?"
First of all, let children know the importance of money, not as good as: the foundation of money survival; Money is a necessity of life and so on. Secondly, let children know the relationship between success, happiness and money. Tell children that money is not equal to success or happiness. Money can meet people's material needs, but it may not meet their spiritual needs.
Step 2: Let children know that family money is the income of family labor.
Let the children know that if you want to spend money, you must work hard. Let children know that it is not easy for parents to earn money. At ordinary times, children can be allowed to do some housework, and after completion, they can be given certain monetary rewards to let them know the necessity of labor. Personally, I think that children should clearly realize that their parents' money is not his money. This will let children know from an early age that money is earned by themselves and they can't stare at their parents' wallets.
Step 3: Let children know how to use money effectively.
Don't let the children buy things for him when they take him out. Let him know where to buy affordable goods, and let him know the benefits of shopping around. Usually we take our children out shopping without telling them which store sells expensive things and which one sells cheaply. Then, take out the same amount of money and let him go to two stores to buy the same package of snacks. When he comes out of those two stores, we can ask him how much change he has left and let the children tell us which is cheaper.
Step 4: Let children know what money is used for.
Besides spending money on things, money can also be saved as interest and can also be used for investment. Let children feel hope and happiness in the process of financial management. Let children know how to make money reasonably and spend money wisely from an early age. I think when children reach a certain age, we have to let them manage the red envelopes themselves, and that is money. We can guide them to manage slowly, but we can't blame or criticize them.
The fifth step is to educate children to manage their finances from an early age.
I think this is what our parents have not done enough. We always think that children are too young to understand anything. But it's too late for the child to understand, and then you will find that the child can't listen to your teaching at all. So we started financial education at the age of 3. Why choose three years old? Because children begin to understand something at the age of three, but children at the age of three are particularly dependent on their parents. They will listen to our teaching.
The above is a simple description of the steps of children's financial education introduced by Bian Xiao of Sanyibao (www.sanyibao.com). Financial management is a major event that runs through our life. You must study more on the way to financial management. If you want to know more about financial management, you can pay more attention to our financial encyclopedia section and update your new knowledge every day. Welcome everyone to study together.