Teach those Kiddies

to teach a kid about money, the sooner the better. money is a natural thingy that will come to any kids, before they learn about maths, they would initially learn about money. it might not a knowledge but they may know that their parents go to work, get money and buy them something.

generally, once the kids know they can buy things with money, they will spend any cents they have to get their favorite candies, magazine, robots, etc. so, it's very important for parents to aware about this. kids should be taught about the various functions of money, not only for buying stuffs.

1. tell them that money is for...
- buying things
- saving
- donating
these basics is enough for a young kid. you don't have to explain about world's economic or investment or any adult's thingy. enough by telling them the 3 basic functions of the money. so that each time they have their pocket money, they'd know where should they put their money in. definitely not all into the grocer's pocket.

2. tell them that money has to be earned
don't simply give money to your kids everytime they ask. ask them back, how crucial they need the money, and give them lesson that money is not simply come into their parents' pocket. so as the parents have to go out for work to get the money, so does the kids have to. e.g. doing dishes and earn money. maybe little kids can't understand. then, they might be told to be good then only they get the money.

3. give them reward
each time they make good deeds or gain a good result, give them reward. tell them that money is not an easy thing to get, so they have to know the effort.

4. help!
help them so save, not to help them to spend! don't help them buying expensive thingy like toys, etc. instead, help them buying the economic ones.

maybe someday you may 'borrow' your kids money during emergency.