Teaching Children the Real Value of Money

It is important that the children know the value of the money and how to handle it from the earliest stages of their life, because it will help them in a future when they need to manage it. They will become responsible and cautious people on where and how to spend their money. Some parents think, wrongly, that children should be happy and do not deny them anything they ask for. These parents do not realize that their sons could ask them something unable to attain sometime, maybe because they cannot afford it, or even worse, the parent’s finances can change and they need to save more money to keep the house economy. Moreover, this behavior become the boy selfish and spoiled.
The list given by the report is quite complete and I have little more to add. However, I do not agree with some of the tips such as buy shares. It is a risky game, and it could encourage the children to the gambling. On the contrary, parents should teach them that just the skilled are the only capable of working on this market.
It should be interesting for the pupils to receive some finances lessons at school. Using different types of games, it would be less boring for them and also, is a way that the children can understand easily the concept of spending and saving money and keep it in their minds.
I usually think twice before buying anything. Maybe, this behavior comes from the education given by my parents since they have always transmitted me the importance of saving money. But for education, I have had to buy the rest of things with my savings: driving license, clothes, travels… When I got my first job, my thought was to save money to get my own house to live in. I know perfectly well how difficult is to get the things, and sometimes you need more time than expected to achieve it.
I think that the society has completely changed from 10 or 20 years ago up to now. There has been a great deal of development in communications and technology which make it more complicated for adults to explain finances to the children. Advertisement is more aggressive, and it try to convince us about the necessity to acquire useless things. On the other hand, the means of payment have turned from cash into credit cards. Hence, much of the education given by our parents did not have any sense any longer.
Regional culture plays a very important role in the family finances. For example, in our country many families prefer to buy a house rather to rent. It supposes a big investment for the family budget who will have to be paying the mortgage almost all their lives.