Tell children the importance of savings right from the beginning. Image / shutterstock
If from the very beginning, children will have the habit of saving money and avoiding extravagance, then it will be very useful in life when they grow up.
Children learn from their elders. Children will do the same as we do. That is why it is important that we want to make children, we should adopt the same habits ourselves. Because if elders have a habit of extravagance, then children will learn the same. Right from childhood, tell the children the importance of saving and tell them to stay away from wasteful expenditure.
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Many times we give many unnecessary things to children in caress. While this is wasteful expenditure, the habits of the children also get spoiled. In such a situation, ignore the stubbornness of the children and prevent them from wasting money by purchasing unnecessary things. Also explain in this matter. In such a situation, they will start avoiding extravagance themselves
Explain the importance of money
Explain the importance of money to children. Tell them that you are earning money for their future and money is earned by hard work. Therefore, it should not be wasted by purchasing wasteful things or useless things. But also keep in mind that they should not avoid spending money in important things too.
Open a joint bank account
Nowadays, bank accounts are also opened by some schools and there is also the facility of joint bank account. Take advantage of this and open a savings account of your children. Children will learn to save money in sports and games.
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Promote the habit of adding money
It is often a habit in childhood that children take care of the money that they give them at a special time etc. Encourage this habit of children and promote the habit of adding money to them. For this, buy them a sweet piggery too. They will start learning to save in the excitement of collecting new money and money.