The General Store not only allows parents to reward their children for tasks accomplished, good behavior and demonstrations of autonomy , but also to quietly teach them how to properly manage their finances and, above all, how to save ! Thanks to the savings booklet included with our motivation system, children will be able to save the accumulated tokens in order to treat themselves to a bigger reward after some time. They thus learn to be patient to get what they want and to make more thoughtful choices that promote a more responsible consumer attitude. Are you looking for other concrete ways to introduce your little ones to the value of money ? Here are a few:
Open a bank account
From the age of nine or ten, it may be a good idea to open a bank account for your child, so that not only can they deposit their pocket money, but they can also learn right away how to use a debit card, withdraw money from an ATM and effectively manage the budget available in their account .
Using a transparent piggy bank
If your children earn pocket money each week, putting the money they receive in a transparent piggy bank will allow them to see the money accumulating over the weeks and thus realize the savings they have made . In the same way, children will be able to easily see the money "disappear" as they spend it.
Learn how to manage a budget
Why not take advantage of the summer holidays or spring break to introduce your children to budget management ? With the help of the tools available in this little trick , you can ask them to develop the family project themselves that will be carried out during the holidays according to the budget that you have previously determined.
Lead by example
Obviously, when it comes to education, the best way to teach our children something is to lead by example ! If you haven't already, make sure to develop a healthy relationship with money and avoid impulse purchases as much as possible . Also, don't hesitate to verbalize your thoughts about your purchases in front of your children, taking care to explain concretely the difference between your real needs and your simple desires .
For more little tips that will help you manage your personal or family finances effectively, click here !
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