The formation of the right relationship with money takes place in the family, so financial literacy is the responsibility of parents.
- What 3 rules will help instill in children the right attitude towards money?
- Talk about finance
- Allocate the right amount for personal expenses
- The Right Attitude Towards Prosperity
You should not “save” the child from money issues, considering him small and unable to perceive 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 finance
Children often don’t understand why parents can’t buy everything they want. This happens not only because of selfishness, but also because the child does not understand anything in the monetary sphere.
Tell us where the money comes from, what free finances are made of and how you have to plan them. In the future, children will also learn how to properly manage finances.
Allocate the right amount for personal expenses
Through trial and error, children will learn how to plan and spend the available funds correctly, so pocket money is still worth allocating.
Experts recommend setting aside an amount on a weekly basis first to make it easier for the child to adapt and plan.
The Right Attitude Towards Prosperity
Some people from poor families form the wrong attitude towards prosperity in a child. They consider the presence of large funds as a disadvantage and a negative characteristic of a person.
It is not recommended to do so.
Otherwise, the child will be afraid of wealth all his life on a subconscious level.