4 things about money need to TEACH CHILDREN before it's too late for them to grow into a knowledgeable person

Teach me how to make money

Social psychologist Adrian Furnham sees that middle-income parents often associate their "income" with housework. If I do housework then I get paid. But remember to encourage your child to "make money" from helping others. Research has shown that helping others online gives them more joy than earning a little extra money.

Model for children to see

Explain what you are doing to your child when you teach them about money, for example when you write a check, when you use an ATM card, or pay cash when you go shopping. Young children love to observe and will learn a lot of money concepts when they observe you or imitate your actions.

Open a savings account

When your child is a little older, you can teach your children about money when explaining compound interest and show them how much their child's savings in savings accounts will be. Later when they are big and capable, they will be able to open a payment account.

Turn teaching children money into fun events when your children play games that encourage them to learn. Board games (board games), online games, family money games.

Use pocket money

If you want to teach your child about money you need to give your child pocket money, when he has pocket money he needs to learn basic skills in budgeting and allocation. When managing pocket money, your child's money management skills will be significantly improved.