According to studies, children who grow up in homes where money is spoken can make better financial decisions in the future.
We usually avoid talking to young children about this issue, thinking that they will not understand the concept of money. However, contrary to popular belief, we should start talking as early as possible. These conversations should not focus on your stress about money, but should be more about introducing them.
Be a Role Model
You can teach your children the behaviors you want to gain about money as an example. For example, you can make the money account you make when you go shopping. You can let him make some payments during shopping and give it to you by taking the change.
Include Money in Your Games
It can be difficult to explain money verbally because money is an abstract concept. Play is the best way to make the concept of money more concrete for children. It is possible to create a basic awareness of the relationship between work and money, what money is used for, how it is used in shopping, through games such as greengrocers, grocery stores and even doctors, from a very early age.
Teach Saving
You can discuss whether your child should buy a piggy bank and save his money there, and after a while what he can do with this money, what the money is enough for or not.
Let the Control to Him
For example; You can set a monthly book shopping budget for your primary school child and are familiar with the four processes and give him control of this budget. Thus, he learns how he can use the money, how the choices he makes affect his budget, that he cannot buy new books when he runs out of money, and his spending behaviors are shaped at an early age. Instead of giving the allowance when the money is over, give it on a certain day of the week and in a way that does not exceed the amount you have determined. Thus, make him gain the ability and responsibility to manage his money.
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