Parenting

Money talk with your child -- when and how?

Sugandha Tiwari
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Money talk with your child when and how

Do you worry about your child’s financial future? Most parents do – whether they are wealthy or middle-class. We all love spoiling our children and seeing them happy, but to what end? At some point, they need to learn that money is a precious commodity that demands hard work and respect. One of the best gifts you can give your child is teaching them the value of money. In modern times of easy access, steadily increasing prices and limitless choices, this holds more significance than ever before! Our Proparent blogger Sugandha Tiwari shares 5 efficient tips on how to teach your child the value of money.

  1. Most of us give our children a weekly or monthly allowance. Instead of just handing this money over to them, get them involved in household chores. Make them responsible and accountable around the house in small but significant ways - read on to find out how
  2. Find out how taking your child grocery shopping and helping you select items for the house, or paying the bill can help them understand the value of money.Involve our child in the regular running of your household by sharing the monthly bills and expenses with them. How can they contribute to saving money on electricity, water, etc.?
  3. Help your child understand the concept of using credit and paying interest by involving them while paying your credit card bills
  4. Teach your child to save money by buying them a piggy bank – and read ahead to find out how you can give your child the best gift they’ll ever receive – the value of money


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Bhawna

| Aug 30, 2017

valuable suggestions, thanks!

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Kamini Pathania

| Aug 30, 2017

Really helpful for today's generation and our living style.

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Deepika Vinoth

| Aug 29, 2017

As a parent, it is your responsibility to help your child develop a healthy idea about money and its uses. Find out how to introduce your child to the concepts of money management. https://www.parentcircle.com/article/money-management-lessons-for-your-child/

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Arthi

| Aug 29, 2017

useful message

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