Unfortunately, none of the school programs include lessons financial literacy. Physics, chemistry, astronomy, and even drawing and drawing are considered by education officials to be more important for a child's success in adult life than the banal basics of competent personal budget planning. It remains either to come to terms with the fact that the child will go through trial and error, or to fill this gap with the help of the family. Alexey Tarapovsky, CEO and Founder of Anderida Financial Group (AFG) talks about how to teach children the right financial habits
As two children and a financial advisor, I not only teach clients how to teach their children how to save and spend money, but I also educate my own children to the best of my ability. I'll try to formulate a few general rules effective involvement of children in finance.
Child from birth to 3 years still unable to perceive abstract concepts, but begins to learn life through games. During this period, my wife and I tried to introduce into the minds of our children the concept of exchanging one toy for another. It is necessary that the child realizes that any objects of interest to him have an equivalent in the form of other things or toys.
At the age of 3-6 years the child can begin to attach to money matters. My children learned to count coins and banknotes (of course, after they learned to count), we went shopping together, and I allowed them to choose sweets or toys within a certain amount and then pay the cashier. Children perceive such "training" very positively - after all, they are trusted with "adult" functions.
Closer to school age, you can begin to introduce the principle of "deferred gratification" into the mind of the child. My wife and I explained to the children: if we do not spend money now, in the future, when enough money is accumulated, it will be possible to purchase a more expensive toy. They demonstrated this with examples: "Now you can buy this small car, and if you save up for a month, you can already buy this beautiful and big one." Let not immediately, but over time, this approach begins to be perceived by the child.
Schoolchild 7-12 years old must begin to learn the basics of financial planning. Have your child sit side by side, spreading out monthly expenses. Start distribution with money that is intended for investment. Investments are needed in order to achieve long-term financial goals - buying real estate, paying for children's education and, finally, providing passive income(rent) that will feed you when you retire (stop working, close or sell your business).
Of course, you can simply accumulate the necessary amount under the mattress. But this way of accumulating money is fraught with large losses from inflation and the fact that it will take you a lot of time and a lot of effort. If you invest, then it becomes easier to achieve financial goals. By investment, we mean investments in shares (shares in a company) and bonds (loaning money to companies and the state), the purchase of commercial or residential real estate for the purpose of leasing and generating income.
Why is it important to start with investments? Because otherwise, you will always find an opportunity to spend the money you earn, and not save it for a better future. This principle is called "pay yourself first." If a child absorbs this principle, he will use it when he begins to earn money himself.
Then show compulsory expenses families: communal payments, taxes, loan payments, food costs. Show your child the process of saving up for large purchases, such as vacations. Explain the possibilities and dangers of loans. Try to arouse your child's curiosity and interest in the financial life of the family, but do not make family budget planning a heavy duty.
At this age, you can begin to entrust children with simple financial tasks, for example, create a weekly menu for the whole family within a certain amount of money. Let the child himself make a list of dishes, necessary products, let him make purchases in the store under your control. At the end of the week, be sure to discuss the results: did the family members like the food, did they manage to save money compared to the plan or did they overspending, listen to the child’s comments and suggestions. If the child shows an active interest in finances, you can involve him in more complex financial issues in the family.
12-16 years old- the age when the child begins to make independent decisions, albeit small ones, in terms of personal finances. At this age, it is important for children to be given the opportunity to have pocket money and manage it. In my practice of working with clients, there are usually two options for paying pocket money: a fixed weekly budget and a "salary" for various housework. It is important to provide both components - the first allows the teenager to plan long-term purchases and his expenses, and the second allows him to convey that money is not a given, it must be earned and spent efficiently.
Strict control of the child's spending within his own money is undesirable, although it is necessary to keep him from stupid spending, such as buying online bonuses in mobile games that are incredibly popular among children. Explanation and personal example work best here. If you manage to arouse in the child an interest in the financial infrastructure (he must understand what banks, insurance, stock market, stocks, bonds, and so on) - we can say that half the battle has already been done.
My eldest child is already beginning to take an active interest in investments, often asking me questions about my work. If there is no interest, it will not work. Fortunately, the concept of passive income is easy to convey to those children who are already starting to think about their future.
16 years and older- this is the last period when you can teach your daughter or son something, then they will go their own way. Close information gaps in the financial picture of the world, influence (if it is still possible) behavior strategies in the field of savings. An ideal gift at this age would be a professionally compiled personal financial plan- this will help the child realize their goals and fill them with motivation for future victories.
To summarize, the following principles for teaching children financial literacy can be distinguished:
But the main gift of smart and financially literate parents to their child will be a solution to the problem of their future pension. If you release the children from the burden of supporting themselves after retirement, he will never shift this burden onto his children. And then your task of raising a financially successful person can be considered fully completed.
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I don’t give pocket money on a permanent basis, I don’t see the point, I don’t pay for household chores. She recently saved up for a doll for 2000 rubles. Accumulated.
I have the Save Up for Education program open, because sometimes I can’t do it a month. In my opinion, now money can only be given to those who are members of the state insurance program.
Here we saved up a little money + a loan to buy the current kopeck piece. And to Egypt for NG I believe that money is loved to be spent, and not put in a jar. But I don't at all...
If a child goes to a tutor himself, the money is given to the child, and he passes it on. How to learn to spend money on yourself? 9 year old child and pocket money. I think the child needs money. At least to have the skill to save and spend wisely.
The easiest way to get a new phone is to ask your parents to buy it. However, many parents consider a fashionable phone novelty to be an excess, not a necessity, while a schoolboy, comparing the phones of his friends, simply cannot imagine himself without a brand new gadget. Therefore, it is worth taking matters into your own hands and start saving money for a phone from your own savings.
Strive to reach your goal with steps of any width. To save up for a student's phone, start with an estimate of your monthly budget. Surely your parents give you a certain amount of pocket money. Sum up the money you receive per month, and then subtract those expenses that you cannot do without. Determine how much per month you can save and start right now.
Perhaps they will try to make their feasible contribution and increase the amount of your pocket money. Still, putting aside small amounts is much easier than laying it all out at once.
Keep in mind that in order to save up for a phone, a student will have to limit himself in many ways. Warn all relatives, friends, godparents in advance to give you money instead of chocolate, trinkets or other gifts. Get in the habit of not throwing unexpectedly donated money down the drain. Carry them in a piggy bank and enjoy the unexpected replenishment of income.
If you have a birthday coming up, also warn guests about your intention to save up for a phone. By the way, it is after your birthday that you are most likely to be as close as possible to your goal. To save up for a phone, a student needs to be almost a businessman: not wasteful, attentive and purposeful.
How can a student save up for a new phone? He can ask his parents about it and they will buy it for him. But, smart parents will teach the child to save and save. If children see how money is being accumulated and what sacrifices must be made, they will understand the price. In addition, if the child himself saves up for a phone or other thing, then he will treat it more carefully.
The easiest way to get a new phone is to ask your parents to buy it. However, many parents consider a fashionable phone novelty to be an excess, not a necessity, while a schoolboy, comparing the phones of his friends, simply cannot imagine himself without a brand new gadget. Therefore, it is worth taking matters into your own hands and start saving money for a phone from your own savings.
In order to save money, you need to decide on the amount that is needed. If parents give out a fixed amount of pocket money for a month or a week, then you can calculate how long it will take to achieve a financial goal.
save money without financial reporting impossible. Both adults and children need to control money. Moreover, if you learn to do this at an early age, then in adulthood, financial well-being can be gained much easier.
After the student decides on the amount, you need to calculate how much he will have at the end of the month, minus income. Of course, the student's income is minimal, but there are practically no expenses. And this is a big plus.
When accumulating money, it is very important to have a place where they will accumulate. If for an adult the best place is a bank account, to which you can transfer the remaining money every month, then a child can use a piggy bank for this purpose.
IMPORTANT: The child cannot open a bank account. But, he can do it with the help of his parents. Relatives living in other cities can transfer money to such an account.
Why is a piggy bank a good idea? In addition to the child, relatives will also throw money into it. You can negotiate with your mother and when you come from the store, put all the little things that are left for change into your piggy bank.
Pocket money and small change from the store are not the best helpers in saving. But, the child must feel the full "strength" of this process. To do this, he must learn to save.
Skip going to the movies with friends or some other event with paid admission. Of course, the main thing here is not to go too far. Communication with peers is important for a child, and if he starts missing such events all the time, he will very soon lose contact with classmates and friends.
IMPORTANT: Some schoolchildren refuse school lunches to save pocket money. Under no circumstances should this be done. Irregular nutrition in childhood will cause many problems. Parents should monitor the student's food intake and be sure that he does not "save" money by skipping lunches.
1. Pocket money. The money that parents give to the child for pocket expenses is the main income item of his budget. Schoolchildren, due to their age, cannot get a job, and therefore, pocket money is very often the only way to save money for an expensive purchase. Pocket money teaches a child to save, manage finances and other important qualities.
IMPORTANT: In Germany, the obligation for parents to give pocket money to their children is set at legislative level. If the parents fail to fulfill their obligations, the child can file a “complaint” with the relevant authority and fines will be imposed on the parents.
2. Cash gifts. But, not only pocket money is a source of income for a student. In most families, a child on a birthday or New Year may receive monetary gifts from relatives. Such "income" should not be discounted.
3. Sale of unnecessary things. Probably every child has things that he does not use. Old CDs, books, constructors, car models and other things that can be sold. It is enough to take a picture of them and put them on Ebay or Avito. The income received will help to bring the time of accumulation of the required amount closer.
4. Housework and bonuses for good studies. Many parents reward their children for good grades with cash bonuses. Such bonuses will not only be a good opportunity to quickly accumulate the required amount, but will also help improve your studies.
5. Earnings. A child can officially work only from the age of 14. But that doesn't mean he can't work. Very often, schoolchildren master the “professions” of posting ads and promoters (distributing leaflets). Work does not involve separation from school.
Any computer store will open a discount for those who will buy computer accessories in it repeatedly. And this will increase profits by a few percent.
In order to save up for a phone, you need not only save money, but also try to earn money. You can do it different ways. The main ones will be described below. If a student can express his thoughts well, then he can earn money by writing essays for classmates.
There are students in every class who will gladly pay their friend for such work. And, most importantly, over time, clients from other classes will “catch up”. If the school is large, then you can save up for a new phone using this method very quickly.
At the age of 12, a student can already think not only about saving money from pocket money received from parents, but also about extra income. There are many "professions" that a student can master. These include:
Igor. Famous investor Warren Buffett earned his first dollars at the age of 6. He bought a case of Coke and sold the bottles individually. Why not make money on this for modern schoolchildren. You just need to think about what you can buy in bulk and sell at retail. My friend and I at school made copies of photos with Bruce Lee, Sylvester Stallone, Arnold Schwarzenegger, Viktor Tsoi and sold them to friends. And, by the way, they made good money.
Svetlana. My son earns money in the winter by clearing snow, and in the summer by digging gardens, digging trenches, etc. Not to say that this work brings a lot of money, but they are. In addition, the son does not want to depend on me. Therefore, he earns as much as he can.
This task is not difficult, however, every student wants to know how to save money for a student. The main thing in this matter is to have the desire and strictly follow the recommendations and advice, and do not forget that your parents, while you are minors, are fully responsible for all your actions, including those related to finances.
The desire and setting of tasks for the child in achieving his goal is sometimes greater than that of an adult. How to save money for a student will be told by universal tips and recommendations that will put all your tasks on the shelves, and solutions will come to you on their own. Carefully study the offers, and make your right choice.
Dear friend reading this article, if you don't know how to save money, read our helpful article called Remember, in order to save money, you must first start small - spend less!
At the same time, you need to deny yourself the money saved, as a result, you will receive the necessary amount of money to buy the right thing, you can even easily solve the problem of buying a phone, even the best one, and the problem of how to save up for a phone of a simple model for a student will be solved within a year, without involving additional Money.
Adults believe that they only have the right to invent all kinds of earnings themselves, and children have nothing to do in this area. This is a completely wrong notion. How to quickly save money for a student? This will help simple solutions that will be real and feasible for you. Do not be ashamed of the fact that you can earn pocket money on your own, which will be your first income. There are often cases when children, no worse than adults, can earn money on their own, and this money helps not only the student who set the task of how to save money for the student quickly, but also your entire family. From the proceeds, you can buy yourself a gift yourself, as well as surprise your mom, dad, grandma, grandpa and other relatives with surprises. Take note of the following options, which you can manage later on your own.
Here you can continue to continue options for how to save money for a child. If you feel certain skills and talents at your age, try to take advantage of it. Tutoring will only benefit you if you have friends who need help with knowledge, recommend your candidacy to him and offer to help him master difficult subjects for a fee.
You have the talent of a translator, feel free to contact the translation agency and offer your services, probably the translation agency will even hire you, on certain conditions.
Apparently, in order to solve the question of how to save money for a child, you need to turn on your imagination, and remember what you can and can do, and who needs your services, even for a small fee.
If you have good things in your house, but at the same time unnecessary things, try to arrange a sale. Any media can be used for this purpose. Place an ad in the newspaper, they will call you, ask how much you are selling things. The best option would be to use the sale of unnecessary things through the Internet. Find a specialized site for the sale of goods and offer your product. On the Internet, shopping is faster, and buyers are willing to buy the right things. On the Internet, you can place a photo of the product, so it will be easier for the client to recognize and see the product.
Money for the purchase can be received in any way. Get an electronic wallet, money for the goods will be transferred to you there. Be sure to send the goods to the buyer through postal delivery systems. Find out on the Internet or from relatives how to properly arrange delivery, and if necessary, involve relatives in this work. It remains to wish you only financial luck and prosperity at this age, which gives you the first steps towards an independent life, and financial well-being.
Exactly, as well as their savings - an occupation quite useful, from which side you look. However, don't you think that this statement is true for adults, and not for girls and boys of 12 years old?
See for yourself, adults have a source of income that consistently brings money to their wallets, so it’s easier for them to plan their budget in advance.
How, then, to be a student? After all, all of his, so to speak, earnings, lies in received from his parents. But what if they are gone at a certain moment, for example, for some oversight in the form of a deuce in a diary or a fight with a classmate? In this case, it will be difficult to calculate in advance the further course of action.
In this article, I will tell you in an accessible language how to save money quickly for a schoolboy, for example, for a phone, and I will also help with advice in overcoming the difficulties that you will encounter while saving and saving money.
By and large, my instruction will not differ much from the one that I would advise adults to use, since, in fact, the rules I have outlined in this article are also relevant for schoolchildren. However, let's continue.
First, you need to get a piece of paper and a pen, then remember and write down your expenses for certain things. Be sure that you have 3-4 points, and maybe more, that can be counted as optional. Feel free to cross them out of your expense item and very soon you will be surprised to realize how much money you have wasted.
Second, write down the items that bring you income. I understand that only parents and their pocket money can turn out to be them, but this does not matter, since in the future I will tell you how to expand this list and get a good and even somewhat stable income.
No wish will come true on its own if it remains just a wish. It is necessary not only to want something, but in order to achieve it and get what we really want.
The main thing is that the goal should be realistically achievable otherwise, what's the point in it. For example, if you need to collect 50 thousand rubles in a couple of days, consider that you are initially doomed to failure. Thus, you need to keep in mind that some goals will require not just weeks or weeks of your time, but months or even years to achieve them.
The next rule follows from the previous one. You need to learn how to set deadlines. At the same time, there is no need to go to extremes and save all the money at once, but to sit with a "hole in your pocket" yourself, so you should abandon excessive emotionality in favor of the shortest accumulation time.
It would be best to calculate everything in advance, for example, if you need 20,000 and your pocket money is 200 rubles a day, then it will not be difficult to calculate that by allocating 100 rubles from them, you will accumulate the required amount in about 7 months. I think we can definitely wait that long, and you won’t really infringe on yourself.
The last rule is much more interesting and will require you to be creative. And it consists in the fact that you need to paint about 6-7 options, thanks to which you will achieve your goal. In turn, they should also be divided into the same number of points, they will symbolize steps towards success. Usually start with those that can be completed today.
There are also several options here, some of them are complex, others will not require any effort from you at all, so choose which one to use.
The first and perhaps the most affordable way is to receive the desired amount as a birthday present. The logic is this: in order not to wait for the necessary amount to accumulate, you just need to ask for it on a name day, namely, to warn relatives and other guests about your wish in advance. As a result, you will save them from the torment in choosing a gift, and you yourself will short time get the necessary funds.
In addition, you can negotiate with parents. Yes, yes, almost businesslike, where each of the equal partners puts forward its own demands and agrees to the conditions set. However, remember that the five in the diary or cleaning the house are obligatory things, and they should not be the subject of discussion.
Surprise your parents with achievements in the school olympiad or sports competitions. Since they themselves are interested in your success, they will make a deal without any difficulties, and besides, you will not only receive your honestly earned money, but also become a more developed person intellectually or physically, and even in all two.
Also you can try . The only thing you should worry about is the approval of such actions by the parents and the way the goods are sold. I am sure that there will be no problems with the first, and the second point is not a big problem, since in our modern world full of services, including on the Internet, which are engaged in placing ads for the sale of certain goods.
There, as you understand, there are no age restrictions, so you can start at least from the age of 14, and very soon you will save up for your own iPhone.
Finally, a way to match a real businessman. If you are given some subject, and your desk mate is not very good, you can always offer him the services of writing an essay or preparing homework. At the same time, having completed a certain amount of work and having earned a positive image among peers, you can hope for a stable income, which will only speed up the time to achieve your goal.
As a result, while you are spinning and creating conditions for yourself to find an extra penny, you yourself will get a taste and will act more and more actively. And do not be afraid of any difficulties, as they will only add to your experience, and, as you know, it comes once and for all. In the future, it will only be easier for you to achieve your goals and bring income to the house.
That's all, friends. I hope the article was very informative for you.
