When do you start raising a child financially?
Pregnancy researchers say that the fetus responds to stimuli from the second trimester of pregnancy; Does the child already notice when making debit or credit payments?
In fact, in the twenty-first century, there is skepticism about how money can be introduced to children, relatives or even students.
This suspicion stems from the fact that very few adults can say that they had a formal financial education, either by parents or teachers. The vast majority have learned by observation, sometimes racking their brains to understand thematic concepts such as pay, exchange and price.
So, aware of the importance of money in society, when can we begin to show that money – something that the child cannot immediately measure – has a value and will be important for the child’s development?
One way to introduce the subject is to introduce numerical concepts: from the first year of life, the child begins to understand one letter at a time – a quantity equivalent to a graphic symbol, in this case 1 for a single object, 2 for two objects reaches 3 and increases to 10 , In the first numerical presentation.
Then it is important to take the child to a place where there is trade so that he can understand the process of paying for something. All of this doesn’t need to be mechanical (and it shouldn’t be) but it is natural to understand that everything that is purchased goes through a numerical system (even if the payment is not in cash but on a card).
For older kids, adding value to money with four basic math activities is something that is fun to learn, like a small game.
The child has three coins, gets two more and how many coins does he have? And if he uses a coin to buy a fruit, how many coins does he have? Dividing the coins into pairs (divided by 2), how many are left? All this should be handled smoothly, without being forced and at the speed of the child.
It is important to remember that children are naturally very curious. Take advantage of this curiosity to offer a presentation of money yourself: two BRL 0.50 coins equivalent to one BRL 1 coin, and five BRL 1 coins equivalent to one five-pound note.
Increase gradually, even the youngest child may not realize that the value of a note can be more than a handful of coins (they consolidate the value as “the more, the better”).
Let the child manage the money, and for this it is valuable to clean the coins thoroughly (wash it with soap and water), and use a bactericidal spray on the banknote, taking care that the child does not want to put it in his mouth. Money.
About the allowance, something that always confuses parents and guardians, it is worth starting when the child has already mastered the previous steps, the idea of the amount up to at least 30 units.
A general rule is to set a monthly amount according to age: a four year old child gets four races. This money should always be paid on the same date (monthly, on a specific day, or weekly every Sunday, or Saturday, as you like) so that the child understands that his “payment” is outstanding.
In the case of the four races, it is worth paying in coins and an R $ 2 bill so that he feels “with money”, a R $ 2 bill, an R $ 1 coin and two R coins. 0.50. He should be encouraged to save money and add it to the next “payment” so that he wants something in the future and can save something.
About Piggy Bank, how would you introduce it to a baby? Saving money should be something taught from childhood; Piggy Bank helps to understand that “you are saving”, and the more it does, the more children will understand that money is being saved for future use.
If possible, buy a piggy bank that opens and closes, not one of which you have to break to get all the value. Once full, the piggy bank is emptied so that the money follows two paths: one is the child’s purchase choice and the other is the child’s savings. In both cases, it is essential that the child participate, ask questions and be interested in the process.
Thus, it is important to remember that money must be presented to children from a very young age and a chronological reference can be established as a perception of the number of children, something common after the first birthday.
The important thing to keep in mind is that you, as an adult, will be a reference for the child in the use of money in society: therefore, it does not matter that money is dirty, bad, problematic and difficult to keep.
Many of the difficulties that adults now face in dealing with financial life have arisen since childhood, hearing and seeing complaints from parents or guardians about money, financial and consumption problems.
A good relationship with money must be started early, especially so as not to impose restrictions and fears that hinder the financial success of the new generation.