Sunday, July 21, 2024

How to teach your child to save money

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Children learn and develop family values ​​by watching family

Children learn and develop family values ​​by watching family. Therefore, besides fulfilling the obligations of the children, they should understand the importance of all things. One of these is saving. Which will make children interested in saving money in future.

As the child starts to grow up, it can give a little idea about the family’s income or expenses. In this, starting from education and food, the expenses incurred in the essential sector can be given an idea. But the child will learn by watching you. So the parent should be careful.

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Avoid unnecessary shopping.
To buy things, money is needed and the parents have to earn that money, it should be known to the child. It should also be said about what things can be bought by depositing money. Like how to save money to get favorite toys.

It will also create a sense of responsibility in the child.
Again, if the new idea of ​​earning money comes to the child’s mind, then he should be encouraged. Children should be supported if they are interested in collecting money for something or earning money for work. Children can be given small tasks according to their age and money can be given as prizes. In this, the child will learn that even if you want money, you cannot get it, you have to work for it.

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