Thirty-Six Financial Management Stratagems: let's teach kids about money

Activities
2017

 

 

Act on the opportunity
Swim with the current
Take advantage of the situation

Act on the opportunity

Parents, when you see your kids craving for material possessions, remember to use the opportunity to act accordingly. Teach them to distinguish between "needs" and "wants", and impart the concept of smart financial management.

Swim with the current

Parents, when your kids share with you their ambitions and goals for their future, go along with the flow. Give them encouragement and guide them on how to start managing their finances smartly in order to achieve their goals.

Take advantage of the situation

Parents, when your kids are pleading with you to buy them things, remember to provide firm and positive guidance. Set the ground rules and budget. Reverse the situation and nurture the right money concepts for your kids to manage their finances smartly.