How to talk to kids about money

Layfhaker and "financial environment" - that a child needs to know about the money in 3, 6, 10 and 15 years.

April 25, 2018 in the Central Scientific Library named after N. BUT. Nekrasov held a free lecture on "How to talk to kids about money."

Xenia Paderin and Eugene Bliskavka teach vaccinate children of financial literacy. At the request of Layfhakera speakers briefly told why you need to talk with their children about money and at what age to begin.

Xenia Paderin

Popular financial blogger. Mother of two children.

Eugene Bliskavka

Head of the project "Financial Health". Author of the book "Children and money."

Children are introduced to the money in 2-3 years. Usually they are just attracted to the bright notes. Kids count the number of bills, not a denomination.

In 5-6 years the children appear first own money: grandma sent 1000 for my birthday, my mother gave 100 rubles for ice cream, godfather encouraged for good study. Every year the number of pocket money and freedom available to them increase.

The total amount available to schoolchildren in the megalopolises, is 3.5 billion rubles a month.

These research company Synovate Comcon

At the same time receive pocket money usually not subject to any rules. Children do not plan their income and expenses, are not able to save or invest.

73% of Russians do not attract the child to plan the family budget. Lack of knowledge turns into a high financial and personal risks, not only for teenagers but also for the whole family. Does this mean that children can not give money? Of course not!

Studies show that people who since childhood have pocket money, become more successful and satisfied adult life. Those who at an early age mastered the budgetary management rules and gained experience goals, subsequently much better able to cope with the management of their adult financial life.

Timeline of financial literacy

The earlier children receive money management experience, so they are more intelligent and resistant to economic shocks in adulthood. But this does not mean that a pregnant woman should listen to the classics instead of financial reports, and instead of fairy tales read newborn Warren Buffett. For every age - his approach.

3-4 years

• Explain to your child the concept of "expensive" and "cheap." "In this box of five dice, they are cheaper out of the ten blocks."
• Explain the basics of commodity-money relations: all things have a cost; first pay for the goods, then we pick it up and so on.
• Learn to negotiate. For example, before going to the store uslovtes that you buy only one toy, but the baby will be able to choose it himself.

5-7 years

• Encourage your child to self-purchase. First let go over the counter, under your supervision, and then give the exact amount and send it to the store one last charge to buy products on the list, laid in a certain budget.
• Encourage your child to save money. Get a piggy bank for coins and set the terms of use to her. For example, take money out of a piggy bank no more than once a month. From time to time provide preschoolers to choose between expensive and cheap thing. Explain that costly thing requires savings.
• Lead by example, how to prioritize spending. "I bought a liter of milk, and not one small sweet yogurt, because of the milk will mess that will have you, your brother and grandparents."

7-10 years

• Regularly submit child shopping. It not only develops independence and responsibility, but also teaches to make lists of purchases, taking checks and check.
• Develop the skill with pocket money. If relatives or friends gave the child a small amount of money, look at how he will dispose of it. I lowered all on chocolate? You still have to work on skill accumulation and prioritization.
• Meet the child with financial concepts, "rent", "family budget", "discount", "sale", "loans". No need to lecture. Simply explains these terms as they appear in the conversation.

11-14 years

• Regulating the circulation of pocket money. For example, agree that in the week the child will receive 1000 rubles. Of these, it should allocate funds for travel and school lunches. The rest can spend at its discretion.
• Involve the child to paid work feasible. The teenager has to feel the difference between price and value.

15-18 years

• Podyschu teen part time. In high school age children already have to get the first experience of independent income. This will help not only to finally form an idea of ​​the value of money, but also to decide on their future profession.
• Do not interfere in the personal budget teenager. Money earned on their own, the teenager should spend itself. Let on nonsense - this is his personal experience. Otherwise, as an adult, he will continue to make children's financial mistakes.

More tips on raising the financial literacy of children of different ages, you can get a lecture Paderin Ksenia and Evgenia Bliskavki. On it you will learn training techniques that will lay the foundation for prosperous life of your child.

Classes are free, but seating is limited. Hurry up.

Sign up for a lecture