3 principles to teach your children about money before it's too late

Tell me where the money comes from

According to psychologists, parents need to teach their children where the money comes from and to make it, how much effort is required. Because at the age of 4-5, children tend to think that everyone has money, go to the bank to get it. Please let your child know why we have money in the bank and teach children how money can not naturally grow, it is only when we labor efforts.

Make your own money

When your child asks for a toy you don't want to pay for. You can help your child make money to buy it. The children's effort to get something will help them feel satisfied and realize the value of everything.

In addition, parents can help children set up a workflow that suits their child's ability and health. When you feel your child is about to be discouraged, remind her of the goals she has set so that she can try to rise up.

Save to use

With children, parents need to explain the importance of saving money when there is plenty and saving for times of need. When children receive a lot of money on holidays, encourage them to be divided into 3 parts: Use, save and share.

Parents tell young children the reality of times of need and the fortunes they may encounter. Parents encourage children to save and spend according to family economic conditions.