4 Fun Activities to teach children to manage finances – ClueWorks
Originally Posted by ClueWorks – Remote Worker International
Welcoming the National Children’s Day which falls every July 23, we discuss exciting ways to teach children to manage finances. Financial literacy education should be taught early.
You don’t have to wait until your child knows numbers and can count. Start from the main Foundation, which is discipline in finance.
But, how to teach children to manage finances wisely? Especially if he is still small, he has not even entered elementary school.
As a parent, of course, this is a challenge, especially if the parents themselves are not used to managing finances. Well, loh!
Therefore, in this opportunity, you can also learn to manage finances wisely with your little one. Check out the following four fun activity ideas, which can make it easier for you to invite children to manage finances.
Read also : How To Teach Kids About Money at age level
Role play as buyer and seller
If your child is under the age of five, you can start teaching about financial transactions through role-playing games.
You can buy a toy cash register or even invite him to make from used goods to be more creative.
Although the child does not yet understand numbers, the role-playing game of buyers and traders will teach him about transactions. That a good can be owned if we pay for it with money.
Also impose limits on the money your child holds. Tell me, if the money runs out, then he can not buy any more goods.
This simple game will help the child to understand that the amount of money is limited, if it is not regulated, the money will run out.
And in order to earn money, he must do something, for example, help with work or even switch roles to become a seller so that he can receive money from the results of trading.
Take Your Child To Shopping
Another exciting activity that you can try to teach children to manage finances is to shop.
Accustom the child to write a list of groceries to be purchased, ranging from vegetables, fruits, basic needs, and others.
When shopping, make the list a reference. Tell the child that we should not buy things that are not included in the record.
Invite the child to find and pick up groceries. This will help him to get used to planning expenses, by taking notes before shopping. As well as be firm in yourself so as not to be wasteful, and buy unnecessary things.
Notes also help us to estimate the total spending, so bring enough money only.
Make a piggy bank and start saving
The habit of saving should be done early, by setting aside some of the pocket money into the piggy bank.
In order for the child to be more enthusiastic in saving, invite him to make his own piggy bank, for example, from used bottles and origami paper. So that the child is free to be creative to decorate his piggy bank.
Tell the child, that if he wants an item such as a toy, he must save first. Toys have a price that must be redeemed for a certain amount of money.
Remind children to save regularly, and not to open their savings to the full. Set aside some of the pocket money or give the remaining dime you spend. If the savings are filled, invite the child to open the savings together.
Calculate the amount of money saved, then ask the child about his desire to use the money.
If he wants to buy toys, invite him to choose toys with his savings. The child will learn, that to realize the desire, he must try first, one of them by saving.
Children are guaranteed to be happier when they can buy a favorite toy from the results they save, because children manage finances based on their own ability.
Introduce The Concept Of Sharing
If the child learns to save in realizing his desires, then also remind the importance of sharing with others.
Tell the child, that there is a small part of the money we have that we have to share with other children. So that other children can also feel the same joy. It’s a good trick to teach children to manage finances.
You can invite your child to visit a halfway house or orphanage near your home. Then invite the child to donate there, meet the caretaker, and convey the intention to donate. If there is an opportunity, he can also play with the children there. Teach him to be grateful for all the blessings he has.
If you are constrained by distance, you can also use the online donation application. Teach children that sharing can start from anywhere and at any time.
But, especially for online donations, you must be well supervised. Do not let your child just press the screen to know that your digital money is drained. Be careful!
Well, that’s the idea of exciting activities that you can do to teach children to manage finances.
Basically, the child will follow the example of what his parents do. So, start with yourself. Set a good example when managing finances, then the child will follow suit.
Happy National Children’s day, May the Children of International be more financially wise.
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