If you haven’t explained to your child where the money comes from, this is a good opportunity to do so.
THE IMPORTANCE OF FINANCIAL EDUCATION FOR YOUR CHILD
Many times there are false myths about money, for example: if you talk to your child about it, we can turn it into a materialistic person…
Talk to your child about money at home, about the family situation…
Explain what things cost you.
Tell him why saving is important to ensure the family’s financial future.
Teach your child the importance of budgeting.
Mention the reason to learn to work and save to achieve a goal, so the rewards will be much sweeter.
It’s also important to teach your child that being smart with their money is not just about saving but spending it wisely.
Does your child have a piggy bank?