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How to manage your children’s New Year’s money?

There are several methods:

1. Establish the concept of money and let children truly understand "money".

2. Parents should set good examples themselves.

For example, during the New Year and holidays, when we talk about buying things and giving gifts, the parents themselves will be extravagant and wasteful, and the children will also be extravagant.

3. Point out mistakes promptly.

Children may have some incorrect ways of using money. If you find out, you should point it out immediately and encourage them to use the correct method.

If the child uses the correct method, reward him immediately, but the reward should not be cash, but mainly praise and rewards.

4. Create a private account for your child.

You can ask for your child’s consent to help them set up an account, keep it under their own care, put their pocket money into it, and find another notebook to record the use of each withdrawn money, and let the child analyze it on their own. Which time is the most meaningful to use.

5. No matter how rich you are, you cannot have children.

People say, "No matter how hard it is, the children will not suffer", but we say "No matter how rich we are, we will not enrich the children." Of course, this is relative. The main thing is that even if parents are in good financial condition, they cannot make their children too rich. It is best to wait for a while after the children run out of money to let the children experience the feeling of having no money.

6. Involve children in some simple family budgets.

In fact, it is not about letting children come up with many ideas, but to cultivate children's awareness of responsibility for the family.