Teach Your Child to Manage Money! #Experiences

 
 
 
 
 
Parenting is the tough nut to crack and it needs a lot of patience and perseverance to tackle the kids and guide him on right track.
 
 
The unconditional love for our children makes us do the impossible things and Mom is always ready with, “I’M POSSIBLE”knocking impossibilities down.
 
 
Mine journey wasn’t easy. My patience and experiences of my life helped me to fare out well managing both my kids…in spite of heavy turmoil inside, I am able to be cool outside & I don’t have the habit of cribbing rather I abhor cribbers.
 
 
Many people believe that in initial years, the children should be given immense freedom and after a certain age, start curbing them. I am against this practice.
 
 
You have to do the groundwork in initial years and inculcate good values and show them the differences between right & wrong.
 
 
We all learn from trial and error and parents are there to identify and rectify their errors.
 
 
Children are innocent at heart but smart too and catch things easily and if they are left to leave on their own terms, then they will have great difficulty in later life and to keep them disciplined will be challenging.
 
 
Train them with good habits from the initial days of their childhood.
 
 
Managing money is not an easy task and the children should be educated on how to manage efficiently.
 
 
How I Taught My Kids, “Value of Money
 
I am sharing my very own experiences with my two kids. My hubby was lenient towards children and rarely does he lose temper. He believed in pleasing them by fulfilling their demands. I was against this and made him understand that he is pampering them and we will have a tough time to handle them in the future. Initially, he did not pay much heed to it but my constant effort changed his thought and he decided to back out.
 
 
I took the reins in my hand and implemented few rules to follow to Teach them the VALUE OF MONEY.
 
 
We say, MONEY IS NOT EVERYTHING but we all know HOW IMPORTANT MONEY IS.
 
  • Never fulfill all demands: The first & foremost rule is, never fulfill all demands of children else they will not understand its value and how tough is to earn a good sum. Simultaneously, they will learn the
    PRIORITIES OF LIFE and how to prioritize. Secondly, they will develop patience to deal odds of life.
 
My Experience: I was brought up in joint family where my Mum didn’t had the power to  tame me and my all demands were fulfilled.  
 
 
Consequences: Till today if my demands are turned down, I am hurt at
heart. I don’t put up my genuine demands fearing it might not be attended.
 
 
  • Buy Essential things: I see around that the people who are affluent and have several sources of income, they gift such toys and appliances to children which aren’t essential, rather it’s superfluous.
    You as a parent are spoiling them. Buy the things which are best for him as per his age and requirements. They will learn the VALUE OF MONEY AND THINGS.
 
  • Pocket Money: Fix a specific sum of pocket money for the children. Initially, fix a sum for a week and later on spread it for a fortnight & month. Ask them to spend on their toys, stationery, snacks and
    refreshments.
 
My Experience: When my elder son was in KG and the younger one in a nursery, I fixed a certain amount for a week to spend on ice creams, cold drinks, and snacks. I was amazed to find them saving from that meager amount. With that little amount, even we both got a treat from our children, such was the power of money management of those kids.  I pinpointed to my hubby who used to readily give in to their demands to watch how smart they are in spending their own pocket money. This habit inculcated in them habits of SAVING & VALUE OF PENNY.
 
  • NEVER DISCLOSE FAMILY INCOME: If you are on the affluent side, never disclose income to your children. At a tender age, they
    won’t understand the sweat behind the flowing income but will be ready to spend extravagantly. Parents too have to check their expense style. If you are extravagant in spending then you can’t ask your ward to be thrifty.
 
  • REWARD THEM: by buying gifts for them on special occasions and when they do well in studies or maintain discipline during vacations etc. Appreciate them & reward them by giving money to buy the
    things they love to buy or the parents can gift them that their children love to have in their possession.  Even you can gift them a pot of flowers and make them responsible for watering and taking care. This way VALUE OF CARE will be instilled in your child. These small acts will motivate them to do better and get surprise gifts.
 
I shared my experiences of parenting and what I learned from my life experiences.
 
My children are quite spendthrift and they know the VALUE OF MONEY IN LIFE.
 
Share your experiences.
 
 
 
Top post on IndiBlogger, the biggest community of Indian Bloggers

#E for Education in Government Schools – #A to Z CHALLENGE





There was a time when teachers were the respectable gems of
society and were considered next to god but in terms of economy, they got very
little remuneration for the respectable job of teaching the future of nation
and moulding their insight and future.

With time, the chase began to run after money and people
started opting for those jobs which had attractive salary and nobody inspired
to become a teacher, rather people went to teaching profession when they could
not get any offer or there was no way out.
In mid-80’s, few ministers tried to peep into the pathetic
condition of school teachers and professors and revised and enhanced their
pitiable salary and attractive perks were added along and it improved the
status and lifestyle of teachers.

The condition of teachers improved but there was a
remarkable downfall in number of students in government schools. Private
schools mushroomed into the towns and cities and people flocked to private
schools for their kids. Even low income groups people too started sending their
kids to private schools and more and more people avoided government schools.


The height of disappointment is that the even the kids of
government school teachers are studying in private schools and they shell out
good sum for them.

The question hovers in my mind every now and then, why the
teachers are not admitting their kids in their school?

They don’t have faith on government schools.

Why the government is spending lot and lot on schools,
teachers, mid-day meals and other govt. aids when there are few students and
the teachers too are drawing fat salary for time pass and the appointed
teachers are not efficient enough in terms of education and knowledge.

I feel that the government should introspect the whole
system of government schools and rectify the shortcomings and improve the whole
system of education.

Government is spending huge sum in the field of education
but are the fruits been reaped of the seeds sown…No..A big No.

Private schools are multiplying in number and the kids are
been admitted to the private institution. Nobody wish to send their wards in
government schools, even the labour class workers are sending their kids to
private institution and are spending beyond reach.

The views are solely mine and the Takes are my introspection
and observations.



 This post is for A to Z Challenge 2016 and my details are as under.

Ila Varma

Keep Smiling WR, Code 1240

Keep Smiling!!!

error: Content is protected !!