Food & Receipts

Teach anything, but the important thing is to teach children how to make and spend money

You need to teach children to understand that money is not something that is naturally available, but something that is earned through each individual's hard work.

Administrator

21 January, 2024

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By doing activities such as doing chores, cleaning the house, picking vegetables… From there, it will help children realize that they need to work to earn money. At the same time, it helps children develop responsibility, teamwork skills, and individual work experience.

Smart parents will find appropriate ways to teach their children how to earn money. There are many simple and effective money-making methods that you can refer to. Above are some of the most common methods.

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Explanation of where children get money from

When teaching children about money, you need to let them know where money comes from and how to get it. From there, it will help children understand the relationship that parents need to work to earn money, and it takes effort and time. This also somewhat understands the effort and difficulties of making money to serve children’s daily lives.

Methods of teaching children how to earn money

1. Take children to the market, supermarket

Taking children to the market or supermarket not only helps children integrate, experience new things. This is also a way to help children understand the value of each item, compare price differences, and decide which type to buy.

2. Let children play selling games

Parents can also teach their children about money through selling games at home. You will let children take on the role of a buyer or a seller, then buy the necessary items for daily needs. Through this, it not only helps children relax but also learns a lot of useful things from selling and buying goods. In addition, children also learn how to calculate and pay customers.

3. Learn to save money

Children are often given pocket money or lucky money on their birthdays or holidays by adults. Therefore, it is necessary to create habits, teach children to save money in small drawers, or in piggy banks. This will help children save and not waste, but also learn how to spend reasonably.

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In addition, for older children who have a large amount of money in hand, you can guide them to deposit money in the bank to increase interest rates. At the same time, guide them to plan their daily and weekly expenses. From there, it helps children have a lot of lessons about saving and useful spending.

4. Teach children to choose wisely

Children are often very active and excited when they receive gifts from parents, relatives on holidays, birthdays… However, teaching children to choose a valuable, satisfying gift is really difficult.

Therefore, you can let your child write down the items they like. Then, explain the value of those items and which type should be prioritized. Finally, consider the finances to see if you can afford to buy those items.

5. Let children participate in fundraising and volunteering activities

Children aged 6-8 can participate in cash contribution activities or volunteer activities with families in difficult circumstances. From there, it not only helps children appreciate money, learn how to save, but also helps them love and share difficulties with those around them.