The importance of letting children establish a correct concept of money

 "My dad earns tens of millions a week, super rich", not talking about money with children is a huge failure for parents.

          Quite a few parents think that their children’s understanding is not enough when they are young, and it is useless to talk to their children about money. Parents are the children's first teachers. If parents always avoid the question of money and don't talk about money with their children, it is easy for the children to fail to understand the correct use of money, to make money rationally, and even be subject to money for a lifetime.

          *How much does dad earn in a month? Primary school students make tens of millions in a week

           In order to let parents understand their children's concept of money, a program once conducted a street interview with elementary school students and asked the children "How much money do you think your father can make in a month?"

For the same question, the children’s answers were varied, and some were even more ridiculous.

     

A young student replied: "I think you can earn more than 200 yuan a month." It is well known that an adult earns 200 yuan a month, and it is difficult to maintain even a basic life, let alone for children to go to school. In contrast, this male student said: "My dad usually sends tens of millions a week", which is an exaggerated suspicion.

The answers between the two were very different, but they reflected a problem: the serious lack of money education for children. In the eyes of these children, money is a number. They don't know where the money comes from, and they don't know the economic situation of the family. This just shows that the children's concept of money is rather vague.

*What impact will the lack of money education have on children?

                                                                                                                                                                                                                                             1. Lack of self-control and spend money lavishly

Children now have more and more pocket money, and online shopping and mobile payments have become more and more convenient, making it easier and more convenient to spend money. Because of this, children use their parents' mobile phones to shop online and spend hundreds of thousands of dollars on news about anchors.

Money is only a number in a mobile phone. It is understandable that children do not know the value of money, but parents must know it. If parents never educate their children about money, they will only make their children spend money as they please, spend money lavishly, and do not understand the word "temperance".

2. Lack of danger awareness, easy to be deceived

Robert once said: "If you don't teach your kids about money, someone else will replace you in the future. Who are the others? Maybe it's a creditor, maybe a profiteer, maybe a policeman, or a liar." This is true. Parents don’t talk about money with their children. Children don’t know where the money comes from. If they have not received money education, they are easily deceived. For example, Internet scams, campus loans, etc. that have caused headaches for many parents, the root cause of children being fooled is lack of awareness of danger.

As a parent, it is the responsibility to guide the children to understand money correctly, to let the children know that every penny is hard-won, and that they have to work hard to get money. Only in this way can no children establish a correct view of money and learn to treat money correctly. Financial quotient is the ability of individuals to create and manage wealth. It is a complete process from knowing wealth, to using wealth, and then to creating wealth. The purpose of financial education is to help children establish a correct outlook on money, values and life.

More importantly, financial quotient is the three indispensable qualities of modern society, alongside IQ and EQ. If parents don’t know how to cultivate their children’s financial quotient, they may continue to look down.

*Boldly talk about money with children and conduct financial education

The child wants to keep the New Year's money for himself, the child buys things based on the price, the child asks the parents how to have money... When the child becomes sensitive to money, curious and interested, it is an excellent opportunity for parents to cultivate their children's financial quotient.

First of all, parents need to provide children with the correct way to understand money, so that children can gradually master the necessary knowledge about money, and tell them what "money" is. Secondly, when the child receives money, parents should educate the child to control it reasonably and teach the child how to manage money.

 Through vivid stories such as children's enlightenment education picture books and books to show the correct outlook on wealth, wealth acquisition channels, and wealth sharing, so that children can treat money correctly in the process of receiving financial education. Let children know money—will spend money—manage money, and finally master the ability to create money.

You must know that everyone's life is closely related to money. If parents want their children to treat money correctly, they must educate them on financial quotient as early as possible. Regardless of whether the family is rich or poor, the sooner parents and children talk about money, the better. It is best to cultivate children's financial quotient in the process of talking about money.