Per. 3.91 : Money education for your children Part 2 - NEW!!!
Investment basics Per. 3.91 : Money education for your children Part 2 - NEW!!!
After the previous investment basics article, we were talking about how to create awareness for your kids on money (investment basics tip), by sharing your own decisions about your finances and explain them the decision of what to buy and what not. So after reading the previous article, you call to educate the children about the importance of money, I want to share with you one of the tips that work best, and that I strongly encourage you to try it - investment basics knowledge.
The idea is to give your kids to manage their economy cashier, and all day Give them pocket money, my recommendation would be the amount between 1-10 dollars depending on the economic situation, of course, and thus actually cause them to manage their money, so they have a budget , and they choose what to spend the money, you can only intervene to ask where the money went and to give helpful tips on every time, let’s say, for example, daily budget that you give them is: 3 dollars - investment basics recommandation.
Then when you will go to the mall with them, and they will see a toy that cost $ 100, maybe they do not have the tools to determine this toy costs a little more of their monthly budget, but sure that they have the tool set is without a bit of money and this is what you are trying to achieve, the awareness for your children - investment basics goal.
My next Investment basics article will talk about 3 things that can happen once you make this interesting move.