There are at least six financial topics that can be discussed simply with the children.
Budget friendly
Parents can help children manage the budget for him. If the child is able to formulate and execute budgets, children contribute to the family's financial rescue. For example, when going to an excursion to the zoo, parents give each child the budget. Parents prepare the money for each child in meeting their needs for at the zoo, start admission, eating lunch, and snacks. If the child spends less money than given, he may keep it as savings. You can talk about any budget with your child at home. Gather ideas to create a budget can be a fun activity with the child's parents.
Delegation of responsibility
Light conversations at home between parent and child concerning the benefit to delegate responsibility. In addition to helping manage the expenditure or savings, you can also teach children the value ethos. For example, all family members must have contributed to the household. If there is a child who likes to cook, she could be the cook once a week at home, of course, with parental accompaniment. Children and all family members can undergo voluntary work at the house. That way, eating at a restaurant spending trimmed with delegates the responsibility of each member of the family. This is just one example. You and your family can create their own form of responsibility that can be delegated to each member of the family. The goal, alleviate expenses of families with only one income.
Choosing a brand
Children need to be introduced to the concept of the brand in the shop. If your child asks branded shoes bought at high prices, while financial conditions of the family can only meet half of the price of these shoes, children need to be taught to choose. Just say to the child, if he wants these shoes, he had to save for adding the rest of the money needed.
Let your child buy a brand name, usually one or two children will realize that saving six-month allowance to buy a brand of shoe it was not worth it. Or they feel their efforts worth it but at least they know how long it should save to buy one brand.
How to save money
Create a hearing room in the family. Provide the opportunity for every member of the family to devote his ideas and contribute to finding ways to save money in the family. Ask a question to everyone, is there a practical and easy way to think about saving money? Whatever ideas that emerged from all the members is a concerted effort to manage family expenses. You and your family need to wise use of money or to save money if it only had one income.
How to get money
You and your family can discuss, any way to do a family member to get money. Children can help cut the grass, wash the car, baking cookies, or set up a stall in front of the home ice. The whole family can start a home business with to earn extra money.
How to spend money
Although the family you only have one income, it does not mean being able to shop or enjoy the holiday. Family members need to have a sense of ownership over how to spend the money at home, especially for entertainment and leisure. Well, take advantage of time discussing at home to discuss or gather ideas on vacation or something fun to do with family. If the budget is not sufficient, contributing members of the family can realize the dream of saving for a vacation.
