How does the balance between saving and spending happen? / Teaching patience to children

Family group: According to experts and psychologists, children from the age of six need economic training to learn the skills of saving and spending and to know what money is and what the benefits of business are. The economic beliefs of the Islamic society are different from the beliefs of the western countries, therefore, economic education in a religious society is different from other societies.

The first point in economic education is to pay attention to choices and decisions, children should be taught at different ages what choices and where to have them, and this choice is also in the circle of divine judgment. Then there is the need and desire to learn at the age of six to nine what needs are basic such as food and clothing. For example, at this age, tell your child to choose between his favorite food and going to the playground because none of the needs are necessary and he should not overdo it.

* Is saving better or spending?

Between choosing to save or spend, one must first know that there is no better or worse between the two because both are needed and a balance must be struck between the two.

One should be very careful about teaching financial topics to children and take into account the age and circumstances of the children.

To be able to teach children the balance of saving and spending; Here are a few things to keep in mind:

First, teach children the difference between saving and spending.

Once the children have learned this difference, try to teach them the correct one about each one. For example, about saving, children should learn to save with a specific plan and purpose.

Or about spending when you go to the store to shop, teach them how to shop properly, not to be extravagant and not too stingy.

Note that both of these issues are very important, and if there is too much in each of them, it will have bad consequences.

To give an example to go to the store, for children six to nine years old, before buying, tell them to make a list of items needed, if your child saw something in the store and wanted to explain that is not on the list. This is not a need of him and us because it is not on the shopping list. Of course, as a training measure, you can provide one of them for him, but not more.

Another thing needed to teach the “scarcity” debate is for children to know that they can not have all the good things because there is a shortage. Buy. So teach kids to have a choice for each purchase and make the right choice.

** Waiting tutorial

Teaching patience is one of the most important things in economics for raising children, it is important to postpone some needs and prioritize savings.

Pocket money is also spent on economic education and saving for children. The purpose of pocket money is to create opportunities and choices for children’s financial independence. To be responsible themselves, it is better for parents to set a certain amount for each month for children and ask them to spend some school supplies from their pocket money. Pay for their food This will help children both learn to save and understand economic and monetary issues well.

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