Teach children the importance of money
Children learn things many new things when they are growing up, many things they learn from their experience but there are many things which they need to learn from their parents. They learn how to walk speak and behave from their parents; they never get to learn on their own. Parents work very hard with kids so they can understand things. But there are many other things which are not being considered important to teach to a kid, such as the importance of finances. Sometime if a kid demand for a toy o game what mostly parents does is provide him with it as soon as possible and do not make him realize that the thing he is demanding for is unnecessary or useless for him. That makes the kid careless with money and do not realize the importance of spending money with consideration.
Kids need to learn how to use money and save it for future, it is also as important as speaking and walking is. He does need to know that over spending money can lead to very disastrous situations. There are lot of things for kids to know when they are handling money such as the difference between coins and values of bills. Make them count coins and other money so that they will know what and how much to should pay and how to count the money. They should know the price of things they will need so no one can cheat with them.
The most important thing for them to learn is how to save money to buy things which are more expensive than their allowance. Do not provide them with every item they ask for, that way they will never feel a need of saving money. It can make them extravagant. You can give them a coin box and make them insert a little bit in that daily, after some time it will become their habit to put some extra money to use for any big purpose.
You can also let them know that money is one thing that they will have to earn and how hard it is to earn it in real. You can ask them to do small house chore and then pay them in return, this will not only tell them the importance of cash but also they will learn doing other things too. Taking their help in making shopping list and in shopping can help very much in their lesson, that way they will judge what is important and what is not.
Make them responsible for their own money and they will learn spending it own their own. all this learning will help them in future and they will experience all the good and bad things on the way.
