5 lessons about money, any parents need to teach their children before they grow up

Money is limited

The first lesson parents need to teach children about money is that money is not natural but it is not much to meet all their requirements. Money always has a limit. Our parents often say that 'money is not a leaf that grows on trees'.

For a baby, you need to let me understand that all of the money is lost in the intellectual effort to make and that it has only a certain limit so not everything you ask will be met easily. This lesson will help children know how to anticipate money and know how to spend the most money.

Priority in spending

The second lesson parents need to teach them to prioritize. In every life we ​​have what we need and what we want. Please analyze for me what is the first priority. Parents should teach them the lesson of prioritization by having them choose the best way to spend their money, so that we can spend appropriately.

Create saving habits

For any child, parents need to teach children the lessons of saving not only to save money, but also to save many other things so that they have a non-wasteful habit in life. For example, when you don't watch TV anymore, turn it off, or the habit of turning off the power when you leave the room .

Parents should encourage them to save money for their birthday, accumulate money in their pockets and earn money from their jobs so that they have more money paid for by their own labor.

Use appropriate budget

It is impossible for children to use their money budget appropriately. But if parents persevere in teaching them how to spend appropriately, gradually this habit will be deeply ingrained in personality, helping them grow up to become a financial manager of their own. This lesson will be extremely useful when the child enters into an independent life, having to worry about everything.

Make money for what you want

Parents teach children to give up their labor for what they want. If your child wants to buy a toy, she can ask her to clean her house, wash dishes, dump garbage . the wages of those times will be enough for her to buy her favorite toy.

This work helps her to appreciate her labor effort and clearly see the value of everything around her.