Should the child have money for personal expenses? Help him master the basics of financial literacy!
Perhaps, for the first time in the world of money a child encounters when going to the first class: the purchase of textbooks, office supplies. School lunches, payment for travel in public transport and so on. Many parents confirm: it is from this age that they start to give out some sums to their offspring. And it's reasonable, psychologists say: without having personal savings, your child will never learn how to handle money. How much to give and how often, depends on your material abilities, age and the consciousness of your child. Explain to him that money does not appear out of nowhere, but is earned by labor. Realizing this, the young financier will be more thrifty.
Became quite like an adult.
Pocket money is one more step on the way to the independence and responsibility of your offspring. Slowly the kid will learn:
1. Distribute personal savings, plan large and small expenses.
2. To value money, be more careful and thrifty.
Let the kid himself manage his money. By the way he does what, you will determine how serious and conscious he is, and you will find out that he is really interested.
In an atmosphere of secrecy.
Talk to your offspring about the fact that you need to be very careful with the money. In no event shall the following be allowed:
1. Show bills to strangers, including classmates.
2. Leave the money in the pocket of the coat, which is hung in the locker room.
3. Carry with you money issued for a week, or even a month.
4. To give or borrow.
5. Litter or play for money.
At the cinema, chips, ice cream.
The first pocket money your child could well take down in the nearest kiosk. Do not scold him. Discuss why it happened and how much it cost to dispose of the amount issued. Be sure to be interested in buying your child, give advice, but do not ask for an expense report. Without trust on your part, the meaning of training is minimized. Teach the kid to set a goal. If he dreams of a roller or a bicycle, let him limit spending on chips and ice cream. Promise me, if, say, by the summer he accumulates half, the rest, you will add.
Credit of trust.
The topic of money is very delicate. Stick to the six important rules that will help build the right monetary policy for your child.
1. Give out pocket money regularly (for example, once a week).
2. The amount of pocket money should not be too small, but not large - it is also not good to give too much.
3. It is desirable to constantly give the same amount, which can be increased as the offspring grows up, for example, on every birthday.
4. Do not use pocket money as a means of manipulation: do not betray their delivery depending on the behavior and assessments and do not abolish as punishment.
5. Expand the scope of the offspring: by giving out money, you emphasize his adulthood, and an adult person is able to answer for many things.
6. Pocket money should not be a payment for good grades, exemplary behavior or home help. Otherwise, the savvy successor may well turn your relations with him into a commercial enterprise, refusing to do anything for free.
It is required by law.
In the United States, the size of pocket money is tied to the child's age: 6-year-olds are given $ 6 a week, 10-year-olds - $ 10, etc.
In Germany, the law provides for giving children under the age of six 50 cents a week, 10 years - 12 euros, 13 years - 20 euros, 15 years - 30 euros. For non-payment of the Guardians fined.