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What 3 rules will help to instill in a child the right attitude towards money: advice from experts
03.08.2023 11:10
The formation of correct relationships with money occurs in the family, so financial literacy is the responsibility of parents.
There is no point in “protecting” a child from money issues, considering him to be small and incapable of perceiving such complex information.
On the contrary, knowledge acquired at an early age is very important and of high quality.
What 3 rules will help instill in children the right attitude towards money?
Talk about finances
Children often do not understand why their parents cannot buy them everything they want. This happens not only because of selfishness, but also because the child does not understand anything about money.
Tell them where money comes from, what free finances are made up of, and how you have to plan them. In the future, children will also learn to manage finances correctly.
Allocate the required amount for personal expenses
Through trial and error, children will learn to plan and spend their available funds correctly, so pocket money should still be allocated.
Experts recommend setting aside a weekly amount at first to make it easier for the child to adapt and plan.
The right attitude towards wealth
Some people from poor families form a wrong attitude towards wealth in their child. They consider the presence of large sums of money as a disadvantage and a negative characteristic of the personality.
It is not recommended to do this.
Otherwise, the child will be afraid of wealth on a subconscious level all his life.
