Teach Kids about Money

Teach Kids about Money Add comments

Having money is crucial to obtain some things we need in life, while money is not everything. I like what Suze Orman says “People first, then money, then things.” For kids, learning how to think about money and manage it wisely is an important life skill. As parents, we hope that our children will grow into financially responsible adults and have a secured fanatical future as well.

Financial experts agree that understanding cash, credit, and consumerism is possible, and important, for building a sense of financial responsibility in children. If parents don’t teach money management skills at a young age, usually when the child starts getting an allowance or has a part-time job, money problems may occur, and even lead to the consequences for his or her life-time. Parents should take the time to teach children about money regardless of income and should start when children are young.

In the next several posts we would like to focus on kids and money, talk and discuss some helpful guidelines and suggestions for parents to teach kids about money. We will provide general background and outlines by age group and stage of development children’s understanding and use of money as well as conflicts about money. We also identify activities parents can use to teach children about money, covering earning money, saving money, spending money, and borrowing money. Try to answer some questions, such as “What kind of things should I teach my kids on money?” “How can I teach my kids about money?”

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3 Responses to “Teach Kids about Money”

  1. yingyu Says:
    赚钱是学问,用钱更是不浅的学问!
    我认为有两个关键应把住:
    1.让孩子通过学习和劳动成果的驱道来得到钱,此乃为”生财有道”.
    2.教孩子从小学会科学理财.
    To make money needs a lot of knowledge; to use money needs a lot of knowledge as well!
    I think there are two key ways should teach children:
    1. let the children know that money comes from hard working; this is the “proper way to make money.”
    2. Teach children money management skills.
  2. jin-ting Says:
    帮孩子建立正确的金钱观是很重要的,这也是帮孩子建立正确的人生观主要部分.方法很多,不论是家长给的零用钱,还是孩子自己打工争来的钱,在家给孩子立个活期存款折,让孩子自主决定,钱该怎样用,在家记载取钱.家长既要支持,又要指导.在家存款也要计利息,让孩子自然认识钱是劳动报酬又有它的时间价值,就能很好的建立正确的金钱观.

    Help children to have a correct view on money is very important, which is one of the main parts of their right view on life. There are many ways, whether it is pocket money, or their wage from working, the children can use the money by their decisions, though parents can guide them. Parents can open a saving account for children at home, give children interest for their savings let them understand money comes from hard working and money also has its time value, which can help them understand money’s value and establish a correct view on money.
  3. yhon Says:
    素晴らしい発言ですね。参考になります。

    Great post! I did learn something from it.

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