The poor are poor, the rich are rich

Chapter 80 3 Using Small Opportunities to Teach Children Money Management
No.17 Chapter 3 Use Small Opportunities to Teach Children Money Management
It is not difficult to cultivate children's financial management skills. There are always many small opportunities in life. As long as parents pay more attention, they can seize these good opportunities to teach their children financial management.

Next week is Yaoyao's 7th birthday, and her mother asked her what gift she wanted, Yaoyao thought for a while and said, "Mom, I want to celebrate my birthday at a pizza shop. It would be nice to invite the children to play while eating pizza. Last time Doudou My birthday was at McDonald's, and the kids all said that Doudou is so generous, and they all envied him."

When mother heard it, the child wanted to compare with Doudou, but she couldn't advocate her mentality.So my mother said to Yaoyao: "Baby, it doesn't matter where you celebrate your birthday, as long as you spend it with someone you like, it is very meaningful. We can choose a unique way to celebrate our birthday, so that we can give our friends more Left a deep impression."

"What unique way?" Yaoyao asked in bewilderment.

"You can be the host yourself and treat the children well at home." Mom replied.

Yaoyao thought for a while: "Okay, that's it."

Yaoyao's mother discovered the child's bad psychology in time, and took this opportunity to teach the child a financial management lesson.

If parents encounter similar situations, they can follow Yaoyao's mother's approach to provide children with more alternative opinions.If the child likes small animals, you can suggest that the child spends his birthday in the zoo; if the child likes sports, wouldn’t it be interesting to have a sports game with his friends?If the child is older, parents can also give him more autonomy, such as setting an expenditure limit for the child and letting them decide how to celebrate by themselves, and the whole process is left to them to arrange and exercise the child. While developing independence, let him learn to make a budget.

"Mom, I want this." In the supermarket, Lingling pointed to an oversized plush toy and said to her mother.

"Lingling, this toy is very expensive. Besides, you already have a lot of toys." Mom was a little impatient.

"Mom, is it because our family is poor that we can't afford this toy?" Lingling's question came up again.

"No, it's just that mom doesn't have the idea of ​​buying this toy in her budget." Mom replied.

"Budget? What is a budget?" Lingling's attention shifted to the word.

Hearing Lingling's question, my mother thought: I might as well use this opportunity to tell her what a budget is, so that the child understands that there must be a plan for spending money.

Neil, author of "Money Doesn't Grow on Trees""Parents must never lie to their children about money," says Godfrey. For example, when you don't want to buy your child something they want, you can say, "I didn't budget for this month," or tell He said "I'm not going to buy this" instead of using "We can't afford it" as an excuse.Because you want to show your children that you are in control of money to help them develop a healthy attitude towards money, just like Lingling's mother did.Therefore, when children ask their parents for what they want to buy, don't just refuse, maybe this is a good opportunity to teach children how to manage money!
"Children often don't understand why they have to do this at first, but you have to help them develop good habits, which are very important later in life," Godfrey said.

(End of this chapter)