Why teach your child how to handle money: they will grow up successful and independent

23.01.2024 18:37

Many parents understand the importance of laying the foundations of financial literacy from an early age.

In order for a child to learn to better manage money and achieve success in adulthood, it is important to instill two valuable qualities in him.

He must learn to overcome momentary desires and try to act independently.

Let's see what psychologists say about this.

Why are these two qualities important?

Delayed rewards provide an opportunity to train the will. The child can learn to understand that delayed rewards are better than immediate pleasure.

money
Photo: © Belnovosti

It is believed that children who can wait for a reward in the future will be able to become more successful in later life.

As for independence, it is about the ability to make judgments independently of other people. This quality will also allow you to separate from your parents earlier.

Try playing the game “I want and I need” with your child - teach him to distinguish between what is necessary and what is desired.

Earlier we wrote about how to communicate correctly with your son.

Dmitry Liskovich Author: Dmitry Liskovich Internet resource editor