What did you think about your child’s financial future? / Avoid spending children

Family group:Today, the advanced and technological world needs parents to pay attention to their children’s financial future, but this does not mean that they give fish to their children, because this is the wrong path, but to teach children economic and investment issues from an early age. Give it in the right ways and at the right age.

It is important that you think about how to raise an economical child from an early age for your children to learn how to save and use money. So if you want your child to have a bright future, you can pay attention to this report and consider its points:

* Give money to a child in your pocket from what age?

Pocket money is one of the things that parents always pay attention to. The important thing is to know that from the age of six to seven, you can give money to children in your pocket, which is also better to be on a monthly basis, that is, specify for children that a certain amount and amount of money in your pocket can be They will catch you and hit you at whatever expense they want, like buying any device they need or like, let them go, and you will only advise them if they ask you for your opinion.

Another point is that children may have spent their money in the middle of the month or at any other time, in which case they will ask you for more money, the point is to know that at this time do not give them extra money at all Saying sorry, let them know that they have to have financial management for each of them.

If you decide to save for your child, instead of saving cash both because of your financial situation and as your money increases, try to save gold, even buy a gram or two of gold for him because gold has a high commission. If not, you can buy low-wage gold. You see, after many years, your child has a lot of gold, which is added to its value every year.

* Do not be ashamed of your child going to work

There are some parents who say that as long as we are and we work and our child is single, he does not need to work. This is not an economic and correct thinking. In all the developed countries of the world, children start earning money from an early age, even in college, in the middle of the semester, they work in a small place, and this is not a bad thing at all.

Jobs such as sales, marketing, programming, working in cafes and restaurants, photography, etc. These are popular jobs that teenagers do even in developed countries, and through this, they gain both independence and value. They understand work and money.

So you are not going to leave home and money for your child, but you are going to teach them how to work properly and save and invest and ultimately spend properly.

* Avoid overspending children

In teaching financial and monetary subjects to children, you should also teach them the concept of “extravagance”. Slow and always in debt, shows that he still does not know the concept of saving, saving or even financial management. So it is better to teach him the behavior of spending money and get rid of them from the disease of extravagance, otherwise it is not clear what will happen to them in adulthood.

Teach kids that if they have a million a day, they are still extravagant, they have nothing at the end of the month and they are poor, but if they have a small amount but know financial management, they can still invest.

* Talk about money with kids

Some parents think that if they talk to their children about money, they will get stressed. It is true that many financial problems should not be talked about in front of children, but financial needs can be taught to children from childhood and Teach them national habits for long-term education, especially if you do not have time for money and they have a lot of demands, explain the financial situation to them and ask them to wait and save money themselves, not always waiting for their needs to be met. Have.

Eliminating bad financial habits can be done in children from adolescence, if you do this, they will have the power to manage and control the situation in adulthood in the face of bad financial conditions.

* Proper savings training

The golden rule of saving is very valuable for children. All over the world, people save part of their income and need it for the day. Now this need can be anything, and in the current economic conditions, this is normal.

Creating a bank account and saving money in it, converting money into gold, life insurance and paying it monthly can all be part of this bank account for children.

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