How to plan a financial education for your children
In this article, check out 4 practical tips to teach kids how to save money. Have you ever thought how important it is to provide financial education for your children? When we teach our children to be responsible for money, we are directly planning their future. By delivering good lessons, planning for big decisions can begin as early as infancy, such as saving money for college or even buy a house. Want to know how to plan financial education? Just follow the reading to the end! 1. Be an example to children The first point is to understand that children mirror what their parents do and, therefore, if the subject is to have financial education, it is necessary to set an example for the children. Thus, families should also appreciate a good relationship with finances. If parents experience a lot of financial problems, make frequent impulse purchases, and complain a lot about lack of money or overwork, children may perceive the context as negative. So, it's important to have a handle on your finances. It's no use saying that it's necessary to use money conscientiously if your child realizes you can't do that. So if you want children to learn these notions, you need to incorporate them into your life. With this, there are more chances to succeed in this learning process, helping their children to grow up knowing how to deal with money in the best way, as well as their parents. 2. Take advantage of the allowance to teach One way to teach hands-on money management is by offering an allowance. Thus, it can be an activity of children's financial education to keep in the day to day. Here the idea is to stipulate a monthly amount for the child or teenager to decide the best way to use it. Having money of their own, your child begins to discover that money has value and that some items cost more than others. Thus, he or she understands the need to research and think twice before buying a product, for example. Children can also prioritize spending — a behavior that will also be needed to manage finances later in life. Also, it's a way to explain the importance of saving money. After all, they may find that the allowance is not enough to buy what they want. Therefore, they can see the advantage of setting aside a part of the previous money to combine with what they will still receive later on to obtain a larger amount. 3. Teach how to save  In addition to the allowance, it is interesting to show the need to save. A tool that can be interesting is the piggy bank. With it, your child can collect notes and even coins to buy something more specific. With this habit, he will gradually understand the importance of having discipline with money. Toward the goal, the child may defer pleasures and decide not to spend money now to be able to meet his goal in the future. An interesting strategy to include the concept of investing in your child's life is to offer income to the piggy bank. Parents can make an agreement with their children to multiply the saved amount after a time interval. In this way, you simulate what happens when you put resources into an investment — which has a return on interest. The children will have the opportunity to become familiar with the habit of investing and to see more advantage in the habit of saving money. 4. Show the value of money Talking about money can be a very abstract topic for children. Especially because they don't make decisions regarding finances, much less are ready to understand external factors, such as inflation that impacts purchasing power. Therefore, it is important to know how to show the value of money in a more practical and simple way. In this scenario, talking about family purchases is important. It is also necessary to avoid giving everything the children ask for, especially when it impacts the budget. It is necessary to have a firmer posture, to say that the family's money is the result of their work and that, therefore, it is necessary to spend it conscientiously. Can you even give options for using the money, such as: eating ice cream or going to the movies? With this, the children start to reflect on the day-to-day with finances, understanding that it is not enough to ask to have what they want. Little by little, they notice that things are done with money and that it is not unlimited.

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