How to cultivate children's financial intelligence abroad

How to cultivate children's financial intelligence abroad. The prerequisite for educating children well is to pay attention to them, learn to reduce the burden on children, and remove obstacles on the way to growth. It is conducive to the better growth of children. Parents should try their best to participate in their children's lives and grow up with their children. The following are foreign methods on how to cultivate children’s financial intelligence.

How to cultivate children’s financial intelligence abroad 1

The United States: Selling toys for income

As a country of immigrants, the United States has a short history, so Americans have traditional, They have fewer conservative ideas and do not stick to the rules in their living habits. Similarly, Americans who are accustomed to spending future money are quite different from other countries in terms of financial education for their children. American parents hope that their children will understand the relationship between independence, hard work and money early on, and call financial education “a happy life plan that starts from the age of 3.” The requirements for children’s financial education are: 3-year-olds can identify coins and banknotes, and 6-year-olds have the awareness of “own money”. They have a catchphrase: "You have to spend money to work!" American children will sell toys they don't need in front of their homes to earn a little income. This can make children realize that even if they are born into a wealthy family, they should have the desire to work and a sense of social responsibility.

Britain: Not saving money is stupid

When it comes to the British, people have the impression that they are too conservative. This style is reflected in financial education. The British It also advocates rational consumption and encourages careful budgeting. Therefore, the British are good at finding the most suitable way of life within various regulations. In the UK, financial education starts from early childhood, and different requirements are put forward for different stages: children aged 5 to 7 years old must understand the different sources of money and understand that money can be used for a variety of purposes; children aged 7 to 11 years old must understand Learn to manage your money and recognize the role of saving to meet future needs.

Japan: Manage your own pocket money

The Japanese pay attention to family education. They advocate that children should be self-reliant and not borrow money from others casually. They advocate letting children manage their own pocket money. The Japanese have a famous saying in educating their children: "Except for sunlight and air, which are given by nature, everything else must be obtained through labor." Many Japanese parents encourage their children to use their spare time to work outside to earn money when they grow older. In Japan, when many families buy toys for their children, they will tell them that they can only buy one toy, and if they want another one, they have to wait until next month. How to cultivate children's financial intelligence abroad 2

Method 1: Help children establish a correct view of money

To teach children to master financial management skills, we must help children establish a correct view of money and let them Recognize that money is indispensable and irreplaceable in life, but we must also let our children realize that money is not everything. This can prevent children from forming incorrect views on money such as money worship and profit-seeking. Parents should seize every opportunity in life to help their children understand how to manage money and the benefits of it.

Mom took Chenchen to visit a friend’s house. There was a child at a friend's house who was about the same age as Chenchen, named Youyou, and the two children started playing together. Youyou took out a pair of beautiful glasses and showed it to Chenchen. Chenchen took it and looked at it and said, "It's nothing, it's not as good-looking as mine." After saying that, he threw the glasses to Youyou, but Youyou My friend didn't catch it, and the glasses fell to the ground and broke.

Youyou started crying, and her mother asked Chenchen to apologize quickly, but unexpectedly, Chenchen actually said: "Isn't it just a broken pair of glasses? Why don't I buy him another one? It can't be spent. A few dollars." Mom educated Chenchen and said, "That was a gift from Youyou's grandfather. It contains his feelings and cannot be bought with money."

Chenchen's mother said. Under his education, he understood that some things cannot be bought with money. He apologized to his friend and used his pocket money to buy him a new pair.

When parents make their children aware of the importance of money, they must also let them know that money is just a tool for us to realize our wishes and ideals, but it does not mean that we will have all the good things if we have money. , so we must look at money correctly.

Parents should convey to their children the principle that "labor creates wealth" and let them know that every penny is earned by their parents' hard work. If given the opportunity, parents can take their children to visit their workplace. This not only allows the children to understand how money is obtained, but also enhances the relationship between parents and children. In addition, parents must correct their children's bad psychology and behaviors, such as getting something for nothing, extravagance and waste, not returning things after picking them up, and even stealing, etc., in order to cultivate their children's correct attitude towards wealth.

Perhaps there is a substantial connection between success and money, but having money does not mean success in everything. Parents should let their children know that money is not the only criterion for measuring success and prevent their children from developing the wrong tendency of seeking profit. Parents should tell their children that there is endless money in this world, but family, friendship, and love cannot be replaced by money. , at any time, do not give up feelings for money, and at the same time, let your children establish the concept of sharing with others.

Method 2: Teach children to use pocket money rationally

Parents giving their children appropriate pocket money is of great significance to their children’s lives. It can not only meet their reasonable consumption needs, It also provides a prerequisite and possibility for children to learn to manage money. In the process of managing pocket money, children will enhance their financial management concepts, develop their ability to be independent, and establish correct values.

Many parents complain that their children spend money indiscriminately and do not know how to save. In fact, the situation that causes their children has a lot to do with whether parents give their children pocket money indiscriminately. Parents should give their children appropriate pocket money and control the amount according to their children's age characteristics and ability to accept. At the same time, after giving their children pocket money, they must trust their children and allow them the right to distribute it freely.

American oil tycoon Rockefeller was the world’s first billionaire with a fortune of US$1 billion, but he was very strict about the use of his children’s pocket money. He used the method of “pocket money income and expenditure records” , to regulate the use of children's pocket money.

He has an account book, and the regulations for children's pocket money are recorded on the title page: 7 to 8 years old, 30 cents per week; 11 to 12 years old, 1 dollar per week; 12 years old and above , $3 per week. He asked each child to write down the purpose of each expenditure in his book. After a month, he would check the child's account. If the account was clear and the purpose was proper, he would increase the amount of money for the child as a reward. Otherwise, he would add money to the child's account. A portion of the pocket money will be deducted.

He also encouraged his children to earn money by working part-time to meet more of their own needs.

Giving children pocket money regularly is extremely helpful in teaching children how to use money. When children have a certain amount of money, they will understand that once they spend it, they will never have it again. Therefore, they will consider it carefully when shopping, which invisibly exercises the child's sense of independence.

Parents should teach their children some financial management concepts. No matter how much pocket money they have, saving is the first principle. Teach their children not to spend money that they shouldn’t spend, and prevent their children from developing a comparison mentality. Bad consumer behavior. Parents should instill in their children a sense of diligence and frugality, and promptly discover and correct possible extravagant and wasteful behaviors in their children.

In the early days of children using pocket money, it is best for parents to prepare a notebook for their children to record their daily expenses so that they can use money more effectively and develop good habits of prudent financial management.

Method 3: Let your children learn to save

Savings are an important aspect of financial management, and everyone in life cannot do without savings. Children do not understand the meaning of saving at first. Teaching children to save can effectively prevent children from spending money randomly, thereby cultivating children's thrifty quality and correct outlook on money and values.

Parents should let their children know the importance of saving. The most important role of savings is to prepare for emergencies and to resist various potential economic dangers in the future. When encountering large expenditures or various unexpected accidents, you can use your usual savings to cope with it.

Letting children learn to save is a concept that allows children to understand money and try to learn financial management in a happy and life-friendly way. At the same time, saving is also a virtue. Children will learn to accumulate and be diligent and thrifty in the process of saving.

Parents should first set a savings goal for their children, formulate a simple savings plan, and then buy a piggy bank for their children. For younger children, holding a beautiful piggy bank in their hands is a great way to save money. desire will be greatly increased.

Parents can also apply for a bank card for their children and establish their children’s “small bank”. After you apply for a bank card for your child, you can patiently guide your child to save their pocket money, New Year's money, etc., and do not touch the money in the card when it is not urgent.

Parents should teach their children basic savings knowledge, such as savings principles, loss reporting procedures, interest calculations, etc. They should also explain to their children the types of savings, including current savings, fixed-term savings, and lump sum savings. Withdrawal, partial deposit and round withdrawal, etc., and then choose a saving method suitable for the child based on the child's actual situation.

If a child develops the habit of saving, when one day the child finds that he has accumulated a lot of money, he will be pleasantly surprised and will keep the habit of saving.

Method 4: Let children learn to consume rationally

In families, parents can provide children with consumption opportunities according to their children’s age and ability, so that they can gradually learn some simple consumption Activities, which not only satisfy children's consumption desires, but also allow children to master appropriate shopping skills and prevent children from developing the bad habit of spending money carelessly.

Before parents take their children to go shopping, it is best to make a shopping list and let the children buy things by themselves. When your children are a little older, you should try to let them shop alone. When parents guide their children in consumption, they should tell them some shopping common sense, let them know what good quality and low price are, understand what discounts are, learn to "shop around" and bargain, learn how to distinguish the authenticity of goods, and warn children not to "Follow the advertisements" and pay attention to the quality of the product itself so that children can spend their money more rationally.

Children often have unreasonable shopping requests. Parents should not satisfy their children at will.

You can divert the child's attention according to the situation, such as reasoning with the child, taking the child to the front to see if there are more suitable products, etc. When a child threatens his parents by crying, parents can treat him coldly. When teaching their children to consume rationally, parents should consciously channel their excessive shopping complex and promote the improvement of their financial management abilities and healthy physical and mental development.

Method 5: Let your children enter the world of investment early

In today’s society, investment has become a way of life for many people and a way of survival. It is a skill that should be mastered from childhood. . Early investment education can help children retain their style of doing things, which is reflected in their super powers of observation and judgment.

Investment is an intellectual activity. Before truly teaching children to invest, parents should let their children understand the basic characteristics of investment and simple investment principles and methods. Investment refers to an activity that gives up the value that can be used now to obtain greater value in the future. Common investment methods mainly include: savings, bonds, stocks, funds, insurance, etc. However, investment is risky, and parents should guide their children to choose an investment method that suits them within their own abilities and interests.