To set an example by their behavior
If you want your child to learn to save money, not to lecture about the economy. Take it with you to the bank and open a deposit. And then explain the whole process.
Do not leave to accumulate a stack of unpaid bills. Take an overdue bill, show your child and explain how and why the accumulated interest and that you will do next.
Do not let the second half always pay for you
Children notice more than you think. If the partner stores and restaurants always pays for you, the child might get the wrong idea about finances. Let your child see how you pay yourself for something. For example, paying the bill for the light or water, put it together and tell us why you are paying and what the money is going.
Explain how credit cards work
Children see how you buy something online, and have the impression that you can get everything that you want and whenever you want, without spending real money. To prevent this, tell them about the banking system and bank cards. Explain that the money that you earn are automatically credited to your account.
Older children can talk about taxes. Do not forget to explain that the money that you shoot at an ATM, debited from this account. Show them the statement on the map, so they can see how in the past month to accumulate costs.
Discuss financial issues
Most parents avoid talking to your children about finances. But those of this may give the impression that the money - it is something bad and shameful.
Try to discuss money matters every day, even when children are very young. For example, if you go to the supermarket and put the child in a grocery cart, spoken out loud, why some foods are more expensive, while others are cheaper. When the children are older, explain to them how to save and invest money.
And if you refuse to buy something, be sure to explain why. "Because I said so" - is not enough good reason.
Do not quarrel because of the money in front of children
Children will feel that all financial disputes necessarily turn into an argument. Let your child see that any money issues, such as buying new furniture or dinner in the restaurant, can be discussed calmly and rationally.
Even if the family financial difficulties does not protect the child from them completely. Explain what is happening and why, so that children are not taken over your bad financial habits and learned a lesson.
Do not make impulsive purchases
Seeing your rash prriobreteniya, children begin to believe that their spending plan is not necessary. You can spend money today, and deal with the consequences tomorrow.
Already five years, children can compare the options before you make a purchase. So it spoken out loud, why you are in doubt, buy a thing or wait. Moreover, not enough to do this once, try to repeat the lesson at least once a week.
Does not help children when they have made financial mistakes
Otherwise, the child will think that his actions have no consequences. Give him feel buyer's remorse syndrome in childhood. If he spent pocket money on chocolate, although it more like M & M's, or bought a cheap toy that quickly broke, sympathize with him. But do not buy a new one. Then the next time he will think about whether to spend money on one thing or another.