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Learn how and when to start teaching financial education to their children

11/10/2012

This article was translated by an automatic translation system, and was therefore not reviewed by people.



 


The allowance must be administered in different ways according to the age of the children
 
SAO PAULO - Many parents find it difficult to start financial education of their children, either by not knowing what is the best way to broach the subject or when is the right time to start talking about money. But to the surprise of parents, children learn from an early age to associate money with shopping.

For financial educator and creator of Financial Education Program, Cassia D'Aquino, who determines the time to start talking about money is the child himself. "In around two and half years since the child realizes that the money is there, that it gives access to things and that parents have the money," says Cassia. So when the children begin to ask to buy products, it is time to include them in planning the family economy.

Allowance
One of the most popular ways for parents to introduce the theme of money in their children's lives is offering pocket money to them. However, Cassia believes this is the most "boring" to teach about finances. "Parents need to be aware that you need to give your allowance on the right day, exchanging money in notes of lesser value, so that the child can use, punish the child know and understand that not just give the money to the child, is must also talk about spending, "he explains.

For parents who still prefer to make use of the allowance, Cassia teaches that from three to six, children should receive little money and once a week. Along with "semanada" children should have a calendar so they can go creating a sense of time and can get used to waiting to receive the money on time. Parents should not forget to explain, simply, that the buck that children are getting used to buy them what they want.

From six to eleven already can encourage short-term planning, keeping the system semanada. To realize the increased value of the allowance, the teacher advises add R$ 1 per year of age, so if the child is eight years old she should receive R$ 8.

From the age of twelve, children can begin receiving monthly allowance, and so there is increasing, parents should encourage children to contextualise and justify why she needs to have more money in this way is an environment composed of conversation in the family interaction parents of children spending and prepares children for the labor market, where they will need to justify requests for salary increases.

Cassia remember that bankruptcies are welcome during childhood, it is a way to teach children what to do if the money runs out before the allotted time. In addition to warn parents if their children are receiving little money, which does not cover all expenses, or receiving a lot of money, to the point of not being able to control the budget.

When children enter the university, the teacher believes is the ideal time to stop offering the allowance, because this way encourages teens to seek employment. "The problem is not to stop giving pocket money, the problem is to realize that the children have grown," he says.

Other options
Besides the allowance, Cassia suggests other ways to teach financial education to their children. One is the time to help supermarket; preparation starts at home even when parents ask the child to be responsible for a product, for example, if the child is responsible for the soap, she should check whether to buy the product, needs to ensure that he will be on the shopping list when it comes to establishing and she should get the soap. Thus it is important to learn that plan before leaving the shop, and prevents the child to make scandal in the store, because it focuses on its responsibility to guarantee the educator.

Another option is to plan a journey that will make the family, the children may be responsible to see the price of the hotel and tickets and plan along with parents what are the spending cuts needed to conduct the tour.

Schools
Many schools offer financial education into their curricula, however, Cassia believes that parents should worry about other aspects of the institution, and financial education. "It is important that parents are concerned with the formation of critical thinking in children, with the relationship between the consumer and the role of students in the school canteen," he explains.

The educator who still remember the book from the cafeteria - where children are consuming and should - is a very common practice in schools and extremely harmful, because both the children, as parents lose control of spending, and teach children to there is no problem of creating claims.

Financial Crisis
When the family is going through a financial crisis such as job loss of a parent, the best way to broach the subject with your child is explaining the situation and have to spend it and what measures will be taken, if necessary, which spending cuts will be made.
Cassia remember that it is important for parents to solve the problems alone, for discussions and uncertainties only let the children distressed and hinders the understanding of them.



Source: News Agency

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This article was translated by an automatic translation system, and was therefore not reviewed by people.

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