So how to cultivate children's financial ability? Let children establish financial awareness, and lay a solid foundation for future life.
To let children know money as soon as possible, parents should let their children learn money as soon as possible when cultivating their children's intelligence quotient and hobbies. For example, parents should show money to their children in daily life, tell them the face value of these coins, and guide them to judge the face value by counting the size and color. For a child with the ability of calculation, he can be taught how to convert coins.
Let children understand the meaning of money
Let the child understand the meaning of money is to let the child know the purpose of money, not only consider money as a metal plate or a piece of paper, but also tell the child the development of money, from the previous exchange of things to the circulation of goods with money as the medium, and tell the child that money can buy lollipops he likes to eat, toys he likes. When shopping in the mall as much as possible, use cash transaction in front of the children, let the children take the money to pay by themselves, and let the children calculate the change by themselves.
Let children understand what financial management is
Knowing money doesn't mean managing money. Managing money requires children to know how to use money properly. According to children's age and understanding ability, explain the basic concepts of banking, deposit and withdrawal, interest rate, online shopping and other financial management. For deeper financial management concepts, such as investment, financial management products, funds, stocks and even statements, K-line chart, these professional terms are selected by parents according to their training direction for children. Parents can take their children to the bank to deposit money and get money together, so that the children can know how to operate. After the children have a certain understanding, they can set up accounts for their children and let them manage their own new year's money and pocket money.
Through games to strengthen financial awareness, parents can strengthen their children's financial awareness through some games, teach how to use money in a reasonable place, cultivate their children's thrifty, self-improvement and responsible quality. For example, let children and their partners play the game of business transaction together, let children and their partners exchange toys, and parents can also play simple financial games such as children's millionaire with their children.
Let children participate in the cultivation of financial management parents can buy some simple and easy to understand children's financial books, toys, etc. to stimulate their children's awareness and love of financial management, can also give their children a pocket money at the beginning of the month, let their children be responsible for their own expenses, but educate them to clearly record every expenditure in their own financial management book, so that they can feel the importance of financial management.
Let children receive professional education of children's financial management
There are not many professional children's financial education in China, but it has become a routine training for parents in foreign countries. As far as I know, the children's financial ability level test organized by Hong Kong Children's college is the only professional and comprehensive financial education course for children and students in China. If you have the opportunity, you may as well let your children participate in such professional education, which is a kind of exercise and progress for your children.