How to Teach a Preschooler Financial Literacy: Simple Tips for Adults
You need to start talking to your child about money early so that he understands all the cause-and-effect relationships.
The first explanations should be as accessible and simple as possible.
You shouldn't burden your child with your personal financial difficulties.
All actions must be appropriate for the child's age.
To begin with, you should expand the preschooler’s vocabulary so that he knows simple terms, for example, “bank,” “salary,” “save,” etc.
In addition, you need to teach by your actions, to show how new things or products appear in the house. Not only games are suitable here, but a joint trip to the shopping center will be much better and more understandable.
You can also give your child small amounts of money that he can save up to buy something important for himself. This will help him to understand the function of money in practice, and also teach him to focus on the goal and understand prices.
If the child immediately demands that you buy him something, often throws tantrums on this topic or begins to envy friends who received more expensive toys, then you need to have a conversation.
It is necessary to calmly explain why such a purchase is currently impossible. Separately, it is necessary to note the importance of the non-material side of life, to offer alternatives.
Earlier we talked about how to teach a child to save money.
