5 tips to teach kids the value of money

No one is born knowing. Children depend on their parents to learn many things that are not taught at school. Values ​​such as savings should be taught at home, an environment where important knowledge is transmitted that makes children better people. Among them, saving is presented as an instruction of vital importance for the future.

We live in a consumer society in which we are continually motivated to buy impulsively, even if we don’t need half of the things we buy. In fact, adults have been losing the true meaning of the value of money. Furthermore, the idea of ​​the value of money becomes a very difficult concept for children to understand and assimilate.

Therefore, it is important that adults return to normal and teach children the value of money, and not just the material value, but also the effort it takes to get it.

Children are a reflection of what they see and the adults with whom they live. Parents should remember that they are the role model and that children assimilate their behaviors. Therefore, if the adults in the environment have everything that is advertised, the child wants the same for him. If the adult spends without measure and loses the concept of the value of money, the child will want to imitate it.

Importance of teaching children to value money

Educating them about the value of wealth is a great benefit. A child who knows how to value money will find it easier to deal with his limitations without feeling frustrated.

When it comes to teaching little ones how to appreciate money, it’s not just about opening an account and teaching them to save. It goes far beyond that; It is showing them that they must value their savings and that they must earn their privileges. This results in less selfish, stingy, wasteful and interested children in such a materialistic era.

In addition, it is one of the fundamental pillars in the education of a baby, since it helps to create awareness about the importance of saving for the domestic economy. In this way, it allows them to assimilate how much it costs to buy the things they enjoy every day. Therefore, it is not always possible to have everything you want.

The combination of teaching and playing is a good way to make children learn the lesson to teach. Tools that will also strengthen the bond between family members.

Tips for teaching children the value of money.

  • Explain that money is earned with effort. The money is not unlimited and is achieved thanks to the effort made. You can start doing some household chores or take advantage of a skill like doing crafts to instill this effort to earn money.
  • Learn how to save. Using a piggy bank helps motivate you to save money so that when you have enough you can buy whatever you want. In this way, he learns that obtaining a reward requires effort and waiting capacity.
  • Learn to spend money wisely. Thanks to a weekly payment and explaining that you should not spend impulsively, but out of necessity and that you should plan the things you want to buy both in the short and long term.
  • Show the price of things. From the age of 5 or 6, when you begin to understand money, it is used to obtain things and some cost more than others.
  • Teach to assimilate advertising critically. It is important that they know how to see the difference between the product itself and what the advertised advertising promises, and therefore, do not be fooled.

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