My daughter first know about money when she was two years ago. She knew the red dead presidents meant money and showed her excitement when my relatives gave her for New Year bonus. One month ago, I took her for shopping to buy her a thicker overcoat because the winter seemed getting colder and colder. One of the shopping guides in the store is my acquaintance and I have bought several clothes from her. I asked her how much push money could be obtained from one piece. She replied that 1.5 bucks can be got per 100 bucks. My daughter heard our dialogue and asked me when we were on the way of backing home. “Mom, how many clothes can that aunty sells a day.” “En, maybe two or three pieces a day.” “If the aunty wants to buy my big tank for her child, how many days does she have to work for?” The big tank was her favourite gift and it cost my brother 108 bucks. I had no idea how to give her the number, but I realized that it is essential to teach child about money when he has the awareness of it, nowadays the most absorbing thing for all the people.

I search the website and want to share some of the tips with you.

1. As soon as children can count, introduce them to money.

2. Communicate with children as they grow about your values concerning money

3. Help children learn the differences between needs, wants, and wishes

4. Setting goals is fundamental to learning the value of money and saving

5. Introduce children to the value of saving versus spending.

6. When giving children an allowance, give them the money in denominations that encourage saving.

7. Take children to a credit union or bank to open their own savings accounts

8. Keeping good records of money saved, invested, or spent is another important skill young people must learn.

9. Use regular shopping trips as opportunities to teach children the value of money.

10. Allow kids to make spending decisions.

11. Show children how to evaluate TV, radio, and print ads for products.

12. Alert children to the dangers of borrowing and paying interest.

13. When using a credit card at a restaurant, take the opportunity to teach children about how credit cards work.

14. be cautious about making credit cards available to young people, even when they are entering college.

15. Establish a regular schedule for family discussions about finances. This is especially helpful to younger children–it can be the time when they tote up their savings and receive interest.

This is a process and through the whole money education. Step by step. Hope that parents teach your children the money thing when they are young.