What should parents do to give their children pocket money?

Many parents begin to give their children pocket money after they go to school. On the one hand, they exercise their financial management skills and on the other hand give the children a certain degree of economic rights.

With pocket money, education for "safe consumption" is indispensable. Children like to buy novelty stationery that emits strange fragrance and fluorescence in a stand, buy colorful plastic toys with unknown colors, and buy sugar that will “blow up” on the tongue or dye the tongue green-blue when parents discover the child’s consumption. When he has harmed his health, he must intervene.

From the age of 4 years, we can teach him to find and identify the quality and safety signs and green food signs on food packaging bags, teach him to identify the faces of those reputable supermarkets, and tell him that the special bright drinks and cold drinks cannot be bought. Green sugar dyed orange on the tongue cannot be bought. Let children understand the importance of the quality and safety of food, toys and stationery for children's health.

Parents need to avoid using baby's pocket money only for one person. Some babies are very stingy and selfish when they have pocket money. They only buy one thing for themselves, but parents should not laugh or laugh at this time. Speak to your baby that love is mutual. At home and between friends, only babies who know how to share will be welcomed.

Parents should encourage and enlighten their baby to use some of the pocket money to express love, such as buying small gifts for grandparents birthday, or the money saved to buy a new school bag for the newspaper reported "poverty schoolchildren." I believe that these love education will plant seeds of kindness and sharing in the baby's inner space. When the baby grows up again, these seeds will naturally blossom.

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Ask the child to understand that pocket money is used to buy some "fragmented" and "useful" money. Therefore, when mothers give their children pocket money, they must be clear about what the money is for him to do, or to set the scope of use of the child, or to the child to specify what to buy. Many moms don’t ask for money for their children’s pocket money. The feeling that this creates for children is that pocket money can be spent at will. Therefore, pocket money will be treated as “squandering money”. In this way, children will not develop good habits that dictate money. If you want to use pocket money to exercise your child, you must let your child learn to manage your finances. Therefore, you must not give your child too much pocket money, but also pay attention to the child's transactions. If the child's consumption is not an equivalent transaction, it should be given timely guidance.

The pocket money can be used by children to satisfy our "disapproved" consumer desire. In other words, parents can provide some suggestions on the basis of respecting children’s voluntary spending. If the parents are strict, the child must listen to the parents to buy anything, then the child is like a piggy bank. Lost the use of pocket money to cultivate its savvy consumption and financial instincts. Parents should make it clear that children are taking some detours on pocket money, which is the only way for them to gain experience.

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