The poor are poor, the rich are rich

Chapter 78 1 Trying to "separate" with the child

Chapter No.17 Using Pocket Money to Teach Children Financial Management

No.17 Chapter 1 Trying to "separate" from the child

I often hear some parents complaining: Nowadays, children can spend too much money, they want whatever they see, and they can’t meet their requirements at all with less income. Parents are really burdened.

In fact, the reason why children are so "willing" to spend money and dare to spend money is that there is a very important reason: they think that the money they spend belongs to the "public" and their parents, and they can ask for it after they have spent it all. Inexhaustible, inexhaustible, without any worries.

In response to this kind of mentality of children, parents can take the countermeasure of "separating the family" from their children and divide the family's money into three parts: father's, mother's, and children's.Of course, it is not divided into three equal parts, but should be distributed according to the size of the contribution to the family each month. Of course, fathers and mothers have more shares than children.The share of children's income should also be obtained by making contributions to the family. For example, studying hard and helping parents to do things within their ability can increase their share of income.After distributing this part of "assets" to the children, it becomes the children's private property and can be controlled by themselves.

When children obtain these "assets" through their own efforts, they will realize that the money is hard-won, and the money has become their own private property. Every penny spent will be one penny less, and the child will consciously control himself and should not Try not to buy what you buy, and develop the habit of rational consumption.

In order to strengthen the child's "private awareness", you can tell him when you give this part of the money to the child: the money is your due share, in addition, father and mother will not give you pocket money.You can decide what to buy with the money, but if you spend it quickly, Mom and Dad will not replenish you.Or, when taking your child to the street, you can say to the child before leaving: "Everyone, bring your own money, and you have to use your own money for everything you want to buy." At this time, the child is likely to open the door carefully. I counted and counted my own purse, thought and thought, and weighed it over and over again. In the end, I might bring a little less, or say "I don't have anything to buy, so I won't bring it." He is interested in things, but he will also try to control his desires, and even mutter to himself, "I don't like this, I don't need this", and the habit of frugality is slowly formed in this way.

During this process, parents must be ruthless, and don't show kindness because they see their children pitiful, and then spend money to buy things for the children. This will directly lead to the failure of the "separation" strategy.You must understand that this is not embarrassing the child, but teaching the child the skills of managing money, and preparing the child for a happy life in the future.

(End of this chapter)