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How children learn about the value of money

How children learn about the value of money

The money lesson is one of the most important lessons that children have to learn before going to school. How to count, how to earn, how to manage and how to spend money effectively - here are the key benchmarks that help children understand and appreciate the value of money.

The logic of money

As parents, we often face situations where we have to explain to the little ones that money cannot be used at any time to buy new toys. They are too young to understand why it is important to be thoughtful when it comes to spending, but we can train them to manage them, using simple mathematical calculations.

Nothing is free. When our children want a new toy, they must know that we are paying a certain amount of money to buy it. This amount of money is earned, in turn, through work. Adults who do not work, have no money, therefore do not allow themselves to buy their children what they want.

Children have the ability to understand this economic logic, but they are not yet mature enough to understand what the real value of money is. As they learn how to count and count, they discover that each family has a certain amount of money they have to manage, so as to allow them to pay maintenance costs and purchase food. What remains after the monthly expenses decrease can be used to meet other needs.

Shopping session, a useful exercise

Many of us choose to take their children to shopping, in order to initiate them in how you can convert the money into everyday necessities. If we are organized as adults and know exactly what we need to buy, we will send our children an appropriate message about the efficient spending of money earned through work.

From September 11, collect with your child the 30 mini products from Lidl and open your own home! Set a budget and play to make purchases within the set amount.

For every 50 lei you spend in Lidl stores, you receive a miniature product from the Lidl Mini Shop collection. In addition, when purchasing any Bio product from Lidl Square, you will also receive a figurine with which the little one can complete his collection.

Moreover, to complete the shop of your little one, you can buy from the shelves of the Lidl store the special album in which to gather the miniature products, the cash register, the basket and the shopping cart.

Du play later and take a picture with a mini product and the corresponding real product. Upload the image to the Lidl site and you can win one of the 40 vouchers worth 50 lei each.

Tips for parents

Think about how important money is to you! If you are the economical type, without being scratched, the child will definitely take over your attitude. If you do not have the habit to look at the price and choose the products according to the brand, you can turn the little one, without wanting, into a snob.

Here are some exercises you can put into practice at home, to help your child better understand how the money is made and how much each purchased item is worth:

Encourage him to start earning his own money, by performing tasks that are not mandatory for him or by providing certain services for a fee. For example, you can suggest them to plant a tree or help an elderly neighbor with various household tasks. In no way do you have to "bribe" him with money to do his lessons or pick up his dirty clothes in the room, to take them to the laundry basket. The child will come to believe that adults give him money whenever he does something and he will not do anything without being financially rewarded;

Don't give him pocket money often, and when you do, don't give him big sums. If you want an item that is more expensive then you will need to learn how to save to buy that product. At the same time, he will learn about the habit of spending his money from the little pig under the impulse of the moment on objects that are not really needed;

Create a waiting state to teach him to be patient. Finally, he will learn to appreciate much more that object for which he has endeavored to make savings, before buying it;

It penalizes the child's negative behaviors with "fines". In this way, he will understand that money can be lost if he does not follow the rules of conduct.

All children deserve to enjoy the things they want, and we, the parents, need to be aware of the need to maintain a balance. If we calmly explain how things are and give them concrete examples of how money can be spent effectively, they will understand their importance and their true value much more easily. Over time, the demands of our children will change and become more understanding.

Tags Money for children meaning Learning value for money children Lessons for money