When it’s time for kids to learn the value of money

Children have many desires and cravings, but not a sense of how much something costs

Today’s children discover the world more deeply at the age of three. As interest in the environment awakens, interest in money inevitably begins. Children have many desires and cravings, but not a sense of how much something costs.

Here are some rules to help you explain the meaning and value of money to such a small child:

– Example: If you are a big consumer yourself and your child will have the same life approach. Remember that you are the brightest example, but also the mirror of your own children.

– Limits: If you have a habit of rewarding your child with a gift every day, you will never teach them what the meaning of money is.

– Savings: Saving in a piggy bank for the desired item is extremely important for a child. Teach them the folk saying “stone by stone palace”.

– Moderation: Never overdo it with gifts. Gifts will be appreciated if there are not too many of them, and for some special occasions, you give them what money cannot buy – love and attention!

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Stories under this byline are written/directed/published by the staff and editorial board of MegaloPreneur magazine. Some of the MegaloPreneur journalists may also be involved in investigating and finding facts.

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