Teaching your children to handle money wisely and wisely will be one of the best gifts you can give them.
We all know it: it is so much more important to know how to manage money as it is to learn to earn it, and today this ability to know how to manage economic resources wisely among the new generations, becomes a much more important issue than in the past.
If you are a father or mother of children, you have in your hands the great opportunity to teach your children one of the great secrets of prosperity and life in harmony. Because it is not easy to take care of every weight that is gained.
In line with this, I present to you some principles that, although they come in handy at all times, are better learned and assimilated during childhood than when we are older, when our habits are more difficult to change and correct. Read carefully and take notes of what you consider important, according to the needs and profiles of your children:
1. Buy, then buy, then buy
This is a terrible evil of the time: just turn on the television or from your cell phone at any time of the day and from the privacy of your home, to buy everything you want; therefore, consumer habits have been transformed and drastically skyrocketed. If your family is used to buying automatically what is put in front of it, you are making your children think that everything is possible with a credit card, or everything within reach of a simple click and that’s it.
Children must understand that it is not just a matter of wishing for something or asking for it to appear immediately, as if it were a trick. Because magic has nothing to do with knowing how to buy.
2. Discipline and self-control in expenses
The little ones can begin to understand that getting things takes time, that you have to wait and be patient while saving and that this, saving, is a hundred times better than credit and interest payments.
Saving is complex and unpopular because it requires willpower, discipline, and self-control, all great human virtues, but rare; While credit is easy because you can immediately enjoy what you want without thinking about the problems that it can cause if it is not paid on time, or the extra cost of making use of money that does not belong to us.
3. To make the piglet fat
Saving has its grace, it is not a simple matter like all the good things that are worthwhile in life; but it is a habit that, I repeat, can be developed and strengthened at the age of children.
4. The bank is an option
It is not my idea to condemn credit, no, because it is an instrument that hopefully families and schools will teach us to use in our favor, as are other banking instruments such as investments and loans. If it is in your hands, find that your children save at home and then put that money in a bank account on a regular basis.
Reread: 3 false beliefs about money.
5. The pleasure of having enough
We work, save and use our money to provide what we need for ourselves and those we love. Lacking the means to face an illness, an accident or simply to acquire a service that we require, is a terrible frustration that makes us feel incapable, inferior, weakens our character and reduces our self-esteem.
Having enough at home and even a little more to cope with life’s challenges gives us confidence and security, strengthens us and allows us to have the ability to help others. Wouldn’t you like your children to live peacefully and enjoy the world they are in?
The pleasure does not come from having it all, because it is simply not possible to have it; Pleasure and joy come from knowing that we are capable of generating wealth, having the strength to provide and the intelligence to look to the future.
Check out a wise way to run the home: 8 ideas for managing your home.