There is no more solid foundation for your child’s future by teaching them smart spending right from a young age. Since the age of 3, they have been able to understand some financial concepts such as saving and spending and spending habits of children formed at age 7. Let Generali Vietnam prepare the knowledge base for children’s money
Save yourself money to buy things
When children are spending a lot of time, do not rush to buy them, teach them how to save money from chores. Ask your child to help you with your homework, get a good grade in a subject, foster good habits such as jogging, bouncing, morning exercise … and earning a little money from them.
Do not hurry to buy the baby hollow. Teach children to earn and save money to buy the item that you like.
In this way, children will practice patience (waiting until they have enough money), the spirit of progress (trying to achieve the goal) and will have a sense of accomplishment, as well as treasure Items that have been “hard” to buy. Moreover, your child will also learn the importance of learning to wait – the foundation for future success.
“Boo” for different purposes
Not only saving, spending for yourself, teach children to save money to share again!
Buy 3 pigs or 3 vats. Paste 3 vials of 3 notes: SAVE, DRAGON and SHARE. VACUUM BINDER is the amount of money a child will spend to buy something. SAVES are not open for a long time. Let’s set a timeline to count the money in the bottle. And finally, the bottle SHOULD be the bottle that you and your kids shared for charitable activities, small plans in school …
When you give your child money, teach your child to divide his or her amount of money, or spend as much as he or she wants. In this way, you not only “sow the seeds” of patience and virtue, but also cultivate the kindness – the best quality of human beings.
Choose how to use the money
Smart spending is not just about saving you money, it’s about saving the money you spend.
Start teaching the concept of wholesale and retail, compare prices and think profitable. Letting children know that buying a bag of paper would be more expensive than buying a large amount of money. Similarly, let your child compare the prices of clothing brands, fruit drinks, snacks, etc. to give them an overview. Then you can start talking about how much money your child will save when buying a cheaper item, but with the same quality with a better brand. Ask questions like adults to think for themselves:
Is this the real thing, really need? Or can we ignore it to save money for something else better?
Instead of buying it, can you borrow it from anyone?
Can we wait for the discount to be able to buy this item at a lower price? You can save a small amount later, and have time to consider whether you really need it or not!
In addition, a more direct way is to guide your children to the market with a certain amount, and see how the children deal with the price of goods like!
Make a list of items to buy
Making a list of your needs before you shop is the simplest and most effective way to spend your money. For example, before going to the market, ask today what kind of food you would like to have. Then, make a list of the ingredients that are needed in the meal, calculate a certain amount and take the children to the market to buy. Or, before buying clothes, teach your child what the purpose of the shopping is for: casual wear, birthday or clothing for the new school year.
Making a spending list is a simple but effective method.
By recording the need and making a list of items to buy, children will gradually learn this habit from their parents and apply in the future. In addition, a good tip is to estimate the amount of money you can spend and make a list of items to buy just in that place.