Most children (from middle-class families and upwards) these
days get whatever they desire in terms of materialistic goods. Even before the
demand is placed, parents rush in fulfill their fancies. Given such
circumstances, it is difficult to expect children to respect money and use it
thriftily.
However, as parents, we need to inculcate this important
trait in our children as early in life as possible. It is possible to teach
this value by incorporating a few changes in the lifestyle and implementing
certain rules early on.
Do not give in to
every demand: just because you can afford it, or because you are unable to
handle the tantrums, do not buy anything off the shelves. The child must learn
to accept a ‘no’ gracefully and eventually understand the reason behind the
denial.
Attach value to
everything at home: An item may not be expensive in terms of sheer money
value; however its worth could be priceless because of the sentiments behind
it. Help your children understand this emotion. This will help them value their
belongings irrespective of its cost.
Money does not come
easily: it is natural for children to assume that parents can and will do
whatever it takes to see them comfortable. It is therefore necessary to teach
children early on that money is hard earned and one cannot and should not blow
it away recklessly. As a way of play or conversation, let your kids know that
everything comes with a price tag and every penny is hard earned and does not
deserve to be squandered away.
Save away: a
piggy bank is a great gift and a perfect way to teach children to save money. Age-
appropriate pocket money can be given to the kids to encourage the art of
saving. This will also serves as an incentive wherein they can reward
themselves with a coveted item after they have saved enough money.
Practice what you
preach: children are a mirror-image of the parents. Since they learn by
observation, it is a good idea to practice what you preach. A certain level of
austerity will help children to remain grounded.
Lawrence High School, located at HSR layout, Bangalore,
focuses on educating children with traditional values to adapt and excel in the
world. To know more about Lawrence school, please visit the website http://lawrenceschool.in/ and join us at
our Facebook page https://www.facebook.com/pages/Lawrence-School/
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