How to teach children the value of money

HOW TO TEACH CHILDREN THE VALUE OF MONEY

There's a lot of talk about financial education and managing Italians' savings. Since we were little. But we often forget that even the relationship between parents and children, about money, it can generate misunderstandingsHow then can we teach children the value of money?

ALSO READ: How to Raise Children Well: Little Pests in Etiquette Class

HOW TO EDUCATE CHILDREN TO USE MONEY CONSCIOUSLY

Here are some simple tips to teach children how to manage money properly, starting from a very early age:

• Twenty-two years afterIf the child is very small, he will surely see money as something magical that perhaps appears from a drawer and with which the parents can buy him all the things he needs. games he wants. It is precisely when faced with constant requests for purchases that it becomes necessary to explain to the child where the money comes from and what it is used for. You could then begin to teach him to recognize coins. When he expresses a desire for an object, you can then explain to him which coins are needed to pay for it. At the same time, he can begin to understand the importance of saving through practical actions, such as turning off the lights at home when they are not needed or doing the shopping at the supermarket with you in a careful manner.
• Twenty-two years afterAs your child grows and reaches 7 years of age, you can also begin to teach him how to use money responsibly. For example, you can give him a small weekly allowance to help him manage some small expenses himself, such as: the purchase of the stickersOr you can give them a piggy bank to help them learn to save money, which will then allow them to buy the game they so desire. One mistake to avoid is rewarding them with money for every task they're asked to do, like tidying up their room. This way, the child may begin to view these actions as means to achieving their goals, rather than duties. If you're going through a difficult time in your family, don't hesitate to talk to your child about it: if you explain the situation calmly, the child will understand why it's impossible to buy that game they so desire.
• Twenty-two years afterAt this age, your child is old enough to understand the importance of saving. You can try starting a small savings account for them, so they understand the importance of not immediately spending all the money they're given. Don't make the mistake of equating money with academic achievement.: By doing this, the child won't understand the importance of a good education. Instead, you could reward good results with a small gift. A typical situation at this stage is comparing one's family's financial situation with that of one's friends. It's therefore essential to explain to them that there are many types of jobs, each with a different salary, and that a person's value is measured not by material wealth but by individual qualities.
• Twenty-two years afterAt 16, the child enters the most complicated phase: adolescence. He may be constantly asked for money for clothes, toys, sports equipment, or going out with friends. When faced with constant requests for money, it's important to be firm and set limits, encouraging the child to careful money managementMake him understand that he's directly responsible for managing his allowance and any consequences: he'll have to wait for the next one if it runs out early. Even encouraging him to take on small part-time jobs, especially during the summer, can help him gain a full understanding of what it means to earn money.

TO KNOW MORE: Raising Happy Children: 10 Helpful Tips

IMPORTANCE OF MONEY

• Take them shopping with you. They'll understand that every material desire, even the most trivial, comes at a cost. And it should be considered, always trying not to waste money.
• Allowance helps teach spending planning. It's a method that will be useful forever.
• Give a piggy bank as a gift. It's a symbol of saving and should be treated as such.
• Apps with games. There are several readily available apps that allow you to gamble with your savings.
• Educational fables. Many fables are helpful, especially for young children. An example? The Three Little Pigs, a masterpiece.
• Say no sometimes. Don't always give in to children's requests, and have the strength to say no every now and then. It helps.

HOW TO TEACH CHILDREN ABOUT SAVING: THE SAVINGS MUSEUM

And if these tips weren't enough, there's a place where financial education is fun and not boring. It's the Savings Museum, an innovative space dedicated to families, adults, and children. A place where you can approach the concepts of saving and investing using clear and simple language. In fact, it is not a traditional museum., but of a project of edutainment one of a kind, where technology and interactivity are used to surprise visitors of all ages.

CHILDREN'S EDUCATION: SOME VALUABLE ADVICE

• Children and Smartphones: 10 Risks to Avoid for a Healthy Relationship with Technology
• How to Prevent Eating Disorders in Children: 10 Tips from a Psychotherapist
• Children and television: rules to keep them from becoming prisoners of the screen.