Children are not aware of the importance of money, of what it costs to earn it and how difficult it is to achieve it in many societies around the world. For the little ones, the money that buys all the things that they have and want is at home, it is part of the things that the older ones have just because. And in part, this is a wonderful thing, the gift of innocence is something inherent in childhood.
Each child has a different maturity, so each father and mother must know the understanding capacity of their children. Because it is important that children understand the importance and value of saving, each within their means. It is understandable that as a mother you want to avoid that kind of anguish for your children, but sometimes for this reason, children become selfish and capricious little ones.
Today World Savings Day is celebrated, an event that has been held every October 31 since 1924. The objective of this commemoration is to convey to society the importance of saving, both for the world economy and for the economy of families.
Explain to your children the concept of saving
No one knows their children better than the parents themselves or the people who are in their daily care. Therefore, the task of explaining the concept of saving and the value of money falls on you. It is important that children learn to save and organize their money. In this way, you will be creating in them a fundamental habit for their future as an adult.
So that your children understand the meaning of saving, you can go introducing some basic and simple concepts in your vocabulary. First, they must understand that money is not infinite and that to get it, you have to do a job. Then, depending on the age of your children, you can apply any of the following tips so that the little one is introduced to the world of savings.
Tips for children to learn to save
- Weekly pay. The amount you want to give your child will depend on his age and what you consider to be correct, also on your possibilities. Explain well that this is his weekly money for whims, so if you spend it all in one day you will have nothing left for the rest of the week.
- Goods are limited. A basic concept of economics that you can teach children in a simple way. The weekly pay should always be the same, do not increase the pay so that he can get what he wants sooner. It is important for the child to understand that with each job you will earn an amount limited.
- The value of choice. If the child decides to spend his money buying sweets, he will not have it to buy some stickers. You must make him understand that You can not have it all what you want, so before buying anything you have to think carefully if that is what you want.
- Teach him the benefit of saving. As the child understands these concepts, you can introduce the fact of saving. Explain that if he saves his pay each week, when he has enough money, he will be able to buy that toy you want so much.
- Money has to be earned and for this you have to do a jobIf they want their pay, they will have to do their corresponding work. You can grant little houseworksuch as setting the table, picking up toys or clothes after bathing.
Be an example for your children
The best lesson you can teach your children is by example. It is useless if you teach them all these tricks, that you buy them a piggy bank to save money, if later you do not comply with the established. Avoid giving in to blackmail and buying what they want without them having saved on their own. Saving is essential, if children learn this lesson and develop the value of this action, they will be learning an important lesson that is very beneficial for their future.