When To Teach My Child About Money?

Teaching our kids about money matters is one of the most important skill that they need to learn while they are young.

The younger they have the concept of money, the better it is for the child and the parents.

They may be too young to understand money, but it is easier to teach them the right financial mindset now rather than later.

Too often I will see kids screaming/shouting/crying on the streets because they cannot get toys or treats that they set their eyes on.

By the acts of screaming/shouting/crying, more often than not, they can get stuff(s) they wanted. They will continue to do so as they grow up and the parents will have a tough time to teach by then.

In this era, the kids are having too much of everything: toys, food, games, TV time. Healthy for them?

I think it is important not to let our kids have the idea that money fall from the sky, and those coins and dollars can come by easily.

From young, I have a habit of saving up my allowances that my parents gave because I know how hard my parents had to work. They always bring me to their workplace since I am a tiny boy. But their workplace is my playground :p no complaints.

Unlike the children these days, I had no fancy hand phones, no fancy clothes, no fancy games.

Kids like to model after adults. We can only teach them the right things by setting a positive example.

It’s still too early for me to think about this as my boy is not born yet, LOL. But I know this post will remind me again when my boy comes of age.

Cheers!