What to do with children s pocket money? How to teach children to use pocket money wisely

All parents are struggling with how to give their children pocket money. Some practices are to let children do housework, such as washing dishes to earn pocket money, and others, until primary school, do not give children pocket money, and parents buy what they need. What role does pocket money play in your baby's education?

At what age should the baby have pocket money? How should I spend my pocket money? How can we, as parents, help our children?

When did babies learn about the "magic" of money? When the baby has money, will he spend it indiscriminately? Can we take pocket money as a reward for our children, give them when they behave well, and don't give them when they make mistakes?

Can children be inspired to earn money through housework? Can we use money instead of our company to make up for the regret of busy parents for their children? If you give pocket money, how much should you give, how should you give it, and should you interfere with your child's spending plan?

Should you encourage your child to save all the money?

What is pocket money.

Pocket money, also known as pocket money, is the money that parents or elders give to their children and younger generations at their disposal, and generally do not give a lot, and children like to get pocket money, so that they can buy what they want to buy, such as comics, candy, beautiful clothes, magazines, CDs. In short, no matter how much pocket money you have, you won't feel too much.

1) Do you know how to give your child pocket money?

It's not a big problem, just give it some.

The first important thing to educate children about money is that parents should lead by example and start small. This has a great impact on children, and there is also conscious education, teaching children how to manage money and so on.

Teach your child lifelong financial principles.

As your child grows up, you can give it to him only if he proposes a plan to use the money, rather than saying that the family has money and can take it at any time.

People must know that money is finite, and it cannot be unlimited. In this way, you are slowly developing a financial management principle that your children can use for the rest of their lives. The so-called lifelong financial management principle can be summed up in just eight words: when you don't use it, you don't need it, you don't need it.

No matter how large a company is, the same is true of its financial management principles, and even more so for the country. When you can't save it, when you save it, you can't use it, even if you can't use it, because 10,000 yuan is made up of the accumulation of one dollar.

Especially when the child is able to use his own money, such as college, his parents tell him that you should write down all the money you need for this semester's plan, including tuition, living expenses, miscellaneous expenses, etc., and we will discuss it together. The goal is to develop the habit of using money in a planned way for children. Children should tell their families in advance if they want to use money, rather than calling ** at any time, that's not okay.

Mom has a lot of responsibility.

As a mother, you have to tell your children from an early age, you see why dad is often not at home, because money is not easy to earn, we can't spend it casually, and we have to make plans with money, you have to think about it first, otherwise when you want to use it, it is very painful to have no money.

When you are a child, you can't spend money indiscriminately, and you can't make money with family affairs when you are a child, these are the most basic concepts. Parents can give their child a fixed amount of money every day, but he will come back and tell you what to do. Cultivate children to have a preliminary value of money from an early age, and then as the child grows older, he can cultivate a correct concept of money in stages, which can be done in the family.

Guiding children to spend pocket money reasonably is conducive to cultivating children's financial awareness and management ability, and the following are some ways to guide children to spend pocket money:

1.Set a reasonable budget: Parents can work with their children to set a reasonable budget, understand the total amount of pocket money their children have each week or month, and help them make a plan to spend wisely.

2.Learn to prioritize your own needs: Guide your child to realize that "needs first" is an important consumer principle. Parents can explain to their children the recommended brands or consumer goods with relatively high prices to help children better understand and grasp shopping information.

3.Motivate your child to save for a child: Teach your child how to save some pocket money and open a bank savings account so that they can have the opportunity to realize their dreams or emergency needs in the future.

5.Give children the correct consumption mentality: Parents can convey the correct consumption concept and consumption ethics to their children, such as the analogy "Life is only once, eating, drinking and having fun is of course indispensable, but we also need to budget, rational consumption, and avoid excessive consumption and excessive borrowing." ”

In general, parents can help their children learn to spend pocket money reasonably and cultivate their financial management ability and independent thinking ability by making budgets, encouraging savings, and enhancing the concept of rational consumption.

1. Parents lead by example and do not spend money indiscriminately. Let children not spend money indiscriminately, parents must first do it, parents are diligent and thrifty, children will see in their eyes, keep in mind, and have a great impact on children, so parents must lead by example, especially in front of children, and can not spend money lavishly.

2. Control your child's pocket money. No matter how wealthy you are, don't give your child too much pocket money, just enough for your child. Moreover, it is necessary to guide children to know how to spend pocket money, buy more school supplies, books, etc., and not use all the money for eating, drinking, and having fun.

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Ad. 3. Try to keep the New Year's money as much as possible for adults. Now when it comes to the Chinese New Year, children will receive a lot of large amounts of New Year's money.

With so much money, you can't give it all to your children and let them spend it freely. The best way is for adults to keep it on their behalf, give a small amount to the child, and tell the child that the parents will not spend it indiscriminately, and keep it for the children to go to school. 

4. Educate children not to compare. Always educate children not to compare themselves with their classmates and peers, not to compare food and clothing, not to be arrogant, not to make progress, and to be more ambitious. Learning is important, students are not particular about food and clothing, good learning, good habits, good quality Zhou Yan is really noisy, is what should be compared.

5. Plan your money. What needs to be bought, if it is gone, no matter how expensive it is, you have to buy it, if you don't need it, no matter how cheap it is, you don't buy it, and it is a waste of money to buy useless things. To educate children to use pocket money in a planned way, you can prepare an account book and keep a record of how to spend the money yourself.

Parents can also follow up on the guidance.

Teaching children to use their pocket money correctly is an important step in cultivating their financial awareness and responsibility. Here are some tips to guide your child on how to use their pocket money properly:

1.Build budget awareness: Help your child analyze their monthly disposable pocket money and teach them to make a budget plan. Encourage them to allocate their pocket money wisely within their budget, including savings, spending and charitable giving.

2.Develop a saving habit: Teach your child to put some of their pocket money into a savings account to develop savings habits and understand the importance of long-term planning. It can help them set savings goals and encourage them to make regular monthly deposits.

3.Educate children about consumption: Guide children to understand values and consumption concepts, and help them learn to distinguish between needs and desires. Encourage them to weigh the pros and cons in their purchasing decisions and avoid blind consumption and waste.

4.Cultivate a sense of charity: Encourage children to donate a portion of their pocket money to charity to help them understand and experience the joy of sharing and helping others. It is possible to choose a charity or project together and participate in donation activities on a regular basis.

5.Develop self-management skills: Give your child the right autonomy to manage and manage their own pocket money. Give timely guidance and feedback when your child makes mistakes to help them learn and grow from the experience.

Most importantly, as parents, we need to be role models by exemplifying the right financial behaviour with our words and actions, and working with our children to establish open lines of communication so that they can ask us for help and advice.

To guide your child to use pocket money, you can start from the following aspects:

Advice based on respect for wishes: Parents can respect their children's autonomy when giving their children pocket money, but also give necessary advice and guidance to help their children use their pocket money wisely.

Create a budget and plan: Let your child learn to create a budget and plan to help them take more control of their finances. You can let your child start with a week's pocket money and gradually master a longer budget.

Involve children in family financial education: Let children participate in family financial education, relieve basic financial knowledge, such as rational consumption, savings, investment, etc., and help children establish correct financial management concepts.

Cultivate a sense of saving: Encourage children to save, make them aware of the importance of saving, and give appropriate rewards and recognition. You can help your child develop good savings habits through a piggy bank, etc.

Encourage children to participate in labor: You can encourage children to participate in some housework within their ability, let them understand the value and significance of hand-holding work, and give appropriate rewards to help children establish a correct concept of labor.

Practical education for children: Children can practice their financial management skills in life, such as buying snacks and toys, so that they can learn rational consumption and financial management knowledge in practice.

In short, parents need to give appropriate guidance and suggestions when guiding their children to use pocket money, help their children establish correct financial management concepts and labor concepts, and cultivate good savings habits and rational spending ability.

With the change of the times, most children now have their own pocket money, and as they get older, the amount of money has also increased. When should parents start to let their children know about money? When to give the child pocket money and guide him to use it reasonably?

This should be a question that every parent should think about. Every little baby has a concept of money for as long as he can remember. Because he knew by ear and eye that money could bring him fun and good food......Nowadays, they are basically only children, and most parents always think that "no matter how hard they are, they can't be bitter about their children", and always give the best care in life.

In fact, this is not very good for the child. I still agree with the saying that "no matter how rich you are, you have to be poor". Your child should be taught about financial management from an early age, and don't be afraid that your child will be exposed to money too early.

I think that when you reach the age of going to school, as a parent, you should consciously train your children to spend their pocket money reasonably, so as to cultivate their children's sense of responsibility and decision-making ability; It can also allow children to gradually deepen their understanding of the value of money. Of course, parents can't respond to requests, as long as the child reaches out, the parent.

Just give. In families with special conditions, parents cannot blindly meet the needs of their children for money, otherwise it is easy for their children to develop a bad habit of spending lavishly; Parents with poor conditions should also give their children appropriate pocket money as allowed by family conditions, and educate their children not to have a comparison mentality. In short, every parent must give their children some guidance so that they can distinguish what money should be spent and what should not be spent.

And let the children know that their parents' money is always their parents' money, and no matter how rich their parents are, their money is not yours. When you grow up, you must be self-reliant and reasonably save your living expenses with your own labor and wisdom. Regarding pocket money, parents should have a solemn discussion with their children in line with the principles of thrift, thrift and reasonableness to reach a mutually satisfactory solution.

and to tell the child that once the agreement is reached, he must abide by it; It is also necessary for children to understand that pocket money is a system in family life and cannot be destroyed; In particular, it should be noted that this agreement should not be changed lightly. If the child has an over-planned expenditure, the parents fail to pay enough attention, the child will repeat the past, often overspending, when the problem is found, parents should communicate with the child in time, otherwise, you will find that the child's money gap is getting bigger and bigger. Some parents think that they will save money only after they can spend it, which I think is definitely not correct.

I also want to emphasize here that when it comes to using money, you must not be too soft-hearted with your children!

First, children should be made to treat the value of money correctly. Tell your child that parents earn money at a price, and it is not easy to get it; Tell your child that money is useful and valuable, and that it can buy a lot of things you want, but money is not omnipotent, and many things cannot be bought with money: for example, the love of parents, the love between teachers and students, and the friendship between classmates cannot be bought with money; Tell how to use money wisely and appropriately, know how to live within your means, and not owe debts, so that children can master a basic principle:

If you don't have money, don't spend it, so that children have a correct concept of using money.

Second, let the child understand the family economy, make a budget for how to use the change", and make a plan for spending money. The amount of pocket money should be determined according to the child's age, urban and rural areas, family experience, and the child's personality, judgment, and self-control. For example, children in the lower grades of primary school can use the "daily salary system", middle and upper grades can use the "weekly salary system", and middle school students can use the "monthly salary system".

Teach your children to live within their means and develop a sense of responsibility when giving them pocket money.

Third, parents should give guidance on where pocket money is to be used. Parents should regularly check the way their children use pocket money, and prevent their children's bad habits of snacking, not saving, and spending money indiscriminately. Let your child develop a habit of keeping accounts of income and expenditure.

Bookkeeping is an indispensable management of social and self-economic behavior formed by human beings in long-term economic life, and with this management we can avoid blindness and confusion in economic behavior. Parents can also understand the reasonable amount of pocket money their children need, and at the same time provide a reliable basis for how much pocket money you give your children.

Fourth, give your child the freedom to use pocket money. Educate children to be economical, not to spend as much as possible if they can not spend, to spend less to spend less, and not to compare with others. Save for yourself, teach your child to put the rest of the money in a piggy bank or open an account in your child's name and deposit it in the bank, so as to develop a good habit of saving.