Contents:
- Medical Video: The best ways to teach your little kids about money
- How to introduce money to children?
- In children aged 3-5 years
- In children aged 6-12 years
- In children aged 13-21 years
Medical Video: The best ways to teach your little kids about money
Do you remember, at what age were you introduced to money? How do your parents introduce money to you? Now, have you introduced money to your child?
A study conducted by University of Cambridge revealed that the actual money management habits can already be established even from a 7-year-old person. Beth Kobliner, a best seller writer Get a Financial Life, even adding 3-year-olds can be introduced to the concept of saving and spending money properly. But often parents hesitate, or even introduce it in the wrong way.
How to introduce money to children?
In children aged 3-5 years
The lesson that children should learn at this age is if they have to wait to buy something. This concept is actually a difficult thing to apply even for many ages. However, a person's ability to delay his wishes can be an indicator of how successful he will be. Some of the things you can do to introduce money to children of this age include:
- Practicing grouping money by giving the child a piggy bank. Give also understanding of the child when the money should be saved and when the money is used.
- By not always following his request when going to the convenience store to buy something, but accompanied by an explanation when you reject his request
- Help the child make a goal. Save to buy a toy for example.
In children aged 6-12 years
The lesson that children should learn at this age is that they have to make choices about how they will spend their money. At this age, it is important to explain to him that money is a limited item so it must be used wisely, because once the money runs out, there will be nothing left. Activities that you can do to introduce children this age with money include:
- Start comparing which is cheaper between taking a bus or ojeg, buying indomilk 250 ml bread or milk, etc.
- At this age, children also begin to be invited to calculate the total estimate of an expenditure. By entrusting money, and allowing it to choose which one should be bought.
- Make a conversation between you and your child. "Do we need to buy this? Or can we buy it another time? Which one is cheaper, huh? "
In children aged 13-21 years
Children at this age have been able to decide on their own finances and even make their own money and feel the impact and risks of the decisions that they make. Things that you and your child can do together at this age can, among other things, do what work they want to do, education and training what he must learn to get a job, and estimate the costs to be spent together.
How? Not difficult, right? Good luck!
