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Question posted: 06 26 2009 19:04:47 +0000,
28 answers, 1567 views, last activity
07 06 2010 20:18:08 +0000
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Correct age is when your child shows interest to understand money, and correct way is to teach them the price of every lunch they eat and what all should be bought from money............. Make them realise that 2+2 is not always 4............. but it should always be 4......
at birth !!
TAKE THEM FOR SHOPPING ALONG WITH YOU.TELL THEM ABOUT THE PRICES RULING A DECADE BACK.WHEN THEY ENTER THEIR TEENS TELL THEM YOUR INCOME LEVEL,BUDGETING ETC.MAKE THEM UNDERSTAND VALUE OF MONEY.TODAY`S CHILDREN ARE VERY SMART AND THEIR IQ IS EXCELLENT.
TAKE THEM FOR SHOPPING ALONG WITH YOU.TELL THEM ABOUT THE PRICES RULING A DECADE BACK.WHEN THEY ENTER THEIR TEENS TELL THEM YOUR INCOME LEVEL,BUDGETING ETC.MAKE THEM UNDERSTAND VALUE OF MONEY.TODAY`S CHILDREN ARE VERY SMART AND THEIR IQ IS EXCELLENT.
We alwez thnk dat our child should reach to the paek. So we shoe them all the way to become rich & sucessful. But this is only one sid eof coin if we show them the poverty in our surrounding den de by therself realise what poverty is? & wht are the precaution 4 it. & hope de ll understnd d value of Money.
The teaching of the child starts automatically when he/she demands few bucks to buy candy or choclate.
At the age when the child goes to class 1 provided the parents can make the child the value and importance of money.It is the moral responsibility of all parents to tech a child the habit of thrift.
1st standard onwards or age of 7 yeears
I think there is no specific age limits or border where we call allow or not to have them money. So better give them whenever they want but always monitor ,,,for what they are spending.
Really an important thing to look into !!!
I think parents should help their children learn the importance and value of money first before they use it. So once the children is clear, we can give him some money and see how he is spending and for what purpose. If he spends properly then he can be give money to handle. Normally 18+ is the right age to give them money.
Actualya child don't require money at very tender age except may be his or her fees and books. Probably the right age for them to handle money is when they get into professional education. If they are given the feel for monay before when they are supposed to be concentrating and focused on their studies then it can distract them from it. They will become more addicted to wealth and the chances of them becoming money minded or an underworld Don is very high. Moreover the government should make sure that the citizen need not have to worry too much about making wealth by making it available as one progress through life so that a child need not have to worry about making money. He will have the assurance that he will acquire them as life progresses. Thius probably is the way the economy and culture should be designed.
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