Many experts believe that the first money for their own needs a child should be given at the age of seven. They can help out, for example, at school, when the child wants to buy additional food. Is it so?
As a rule, many children by this age already understand what money is, what it is for, and how hard it can be earned. The kid should understand that money does not fall from the sky, therefore, it is necessary to spend it for special purposes. When mom or dad give money to a student, they must indicate for how long they gave this amount and what exactly they should be spent on.
If it suddenly happens that the child will spend everything ahead of time, while on something absolutely useless, then the parents must be told that they will not give additional money and explain the reason for the refusal.
At the same time, it is not worth scolding the child, he should simply understand that spending money was his choice and now he will have to wait some time for the next issue.
What will the child eventually understand?
The most important thing is that the child will begin to appreciate how hard the parents earn their finances. Let mom or dad explain that there is no job where you can do nothing and still receive large sums.
Also, the baby will learn that there should be order in money. If a certain amount is planned for something, then it is not worth spending it on something less necessary.
In addition, the student will begin to handle money carefully and stop wasting it. Before each new purchase, he will begin to make a choice in favor of the more important. Perhaps he will want to save up for some grandiose gift for himself, but parents should not indulge and buy the baby whatever he wants while he is saving up at this time. He has money and he has the right to dispose of them himself.
Thanks to such decisions, the baby learns to be independent, and the realization of how hard this money is earned helps him to make the right choice.
Home advice
Before issuing pocket money, parents must thoroughly discuss with the child what they are given for, in what amount and for how many days. It is advisable not to sponsor the baby every day, otherwise the money will be worthless for him. It is better to issue a certain amount for two or three days.
Also, parents should not ask what the student spent all the money on. If a child trusts mom and dad, then he will tell everything himself. It is necessary to discuss the issue of money calmly and without reproach.
Parents help the baby at the stage of growing up, independence and responsibility. The less they control the student, the calmer and more comfortable he will be in the family. Children feel it and try not to let their family down.
Also, parents should not reward their child for good academic performance with money, because he will go to school solely for the sake of money, and not for the sake of knowledge. And in the end, the student will do everything only with the condition of payment. This applies not only to the school.
