Training children Early Financial Intelligence

kids with money

Children need to understand money, so as not to grow into a consumerist and materialistic. It is important for parents to train children early financial intelligence.

Child psychologist said financial intelligence can be introduced to children from toddlers. Financial intelligence should be introduced at an early age, since toddlers can so the child can manage the money and take the right decisions about finances.

Materialistic because many children do not develop financial intelligence. The doctrine of this money expansive meaning, rather than simply introducing value for money, but its use.

Goods and services acquired with money do not let the child ask for this and that without knowing how to properly use the money. Explain to the children that the goods he wants nothing to do with money. Describe father and mother earns money by working to buy things.

Trained financial intelligence to the child, including by providing the understanding that children must save if you want to buy something. Besides also teaches that each person has a different ability to purchase goods. So that the child understands, as his friend had good stuff, he understood that his friend had more ability than himself or other children for example. By understanding each person is different, the child was not whining to ask the same stuff with his friend, when parents are unable to buy.

Financial intelligence also includes understanding the savings, saving, and resists the urge. Parents have a big hand in instilling this habit. When parents face child-related financial difficulties, it is because parents do not understand. Parents also have to be smart financially.

Parents can involve children in financial planning associated with them. So that children gradually understand that he must manage money well, refrain from adjusting the various desires and capabilities.

Encourage children to financial planning for a holiday trip together for example. Involve them in decision-making, for example, want to use any transport. If you train, how much they cost, and where to stay, how much they cost, food and others. Children will slowly understand.

Financial intelligence can also be trained through the game. This is a more kid-friendly, because children understand their finances through language, adjusting to the world of children's fun.

Parent must be a friend to children. Introduce money in children with a child-friendly way through the game.

Children are trained early financial intelligence to better understand ethics, and as adults they will not engage in debt problems. The lack of financial intelligence in individuals also has a social impact.

Problems of corruption, debt, including bribes to get things done, starting from the absence of financial intelligence in the individual.