FOUR WAYS TO TEACH YOUR CHILDEREN THE VALUE OF MONEY

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Four ways to teach your children the value of money, and teaching these qualities is as noble work, teach them that MONEY CANNOT BUY HAPPINESS. 

Provide them modest pocket money : Giving your children a small weekly or monthly pocket money, so that they can spend them wisely and thoughtfully, and know the value of money. If your wallet is open for them , they'll never appreciate savings.

Let them buy, what they need: Showering gifts and toys on children, is not bad thing, even buying health related gadgets like, bicycle, ski, skates,etc. But when they demand for expensive gadgets, let them work hard to save their pocket money or else let them do some work for you or someone else. This is how you teach them, that the things they are having or had are bought by their parents by savings and working hard. By this they will get to realize each and every things they have got are much valuable. 

Let them do financial help to needy: Take them to the poor people, and let them see how they work hard to stay alive, and how the manage their daily living allowance. How their children don't resist their reality of being poor, and just believe in themselves and in their parents.

Help them open Bank account: Help your children open a bank account and then let them understand how the financial system works, let them do it under your surveillance. Do not do this to your eight year old child, as he/ she do not have understand it, or to teenagers cause they hace very high potential to ignore your statement. Do it when you are maximumly influenced by them, and have full faith in your child, that they don't do bad deeds.

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