Tips on giving money to a child

Tips on giving money to a child

Independence from receiving compensation restores a child’s lost self-confidence.


The technique of giving money to a child

Giving money to children of all ages has its own meanings. Children under the age of 4 are not aware of the value of money and from this age on they pay special attention to money. Of course, they do not understand the value of money at this age, but they know the shape, color, and appearance of money and sometimes they can guess its value.


The allowance provided to the child on a daily, weekly, or monthly basis provides a fertile ground for the development of his or her relative abilities for future social and economic participation and action.


One of the best memories of our childhood was the allowance we received from our elders. The pleasure of buying cakes, chocolates, and desserts could not be compared to anything else, and although everything was available at home, the food we bought with our classmates and ate together had another pleasure. This indescribable pleasure was in fact the taste of independence that made us not only enjoy the food we eat more but also feel bigger and more confident.


giving money

Money teaches the child to save

The anecdote of the children of today’s generation is the same as the old anecdote, with the difference that the excess has caused the function of the almsgiving money and its meaning to change.


Reward money prevents many crises and extravagances of the child and gives him confidence.
Supplementary money refers to the money with which a child can make his daily purchases (snacks). The allowance does not include punishment.


It is possible to consider allowance for a child from the age of 4. Parents first pay the child allowance daily, then weekly, then every fifteen days, and finally, at the beginning of each month.


Increase this amount every year on the day after the baby’s birthday and change it from daily to weekly, fifteen days, and monthly. The child has the right to decide for himself how to spend that money.


If the child runs out of money, do not pay more. By doing this, you will teach him how to manage money. Of course, sometimes when your child needs more money, you can buy the stars of his educational table and pay him instead.
The idea that some parents do not want their children to become familiar with money is not logical. Because money is the reality of our world today and we should not turn a blind eye to the facts. With this technique, teach him the correct management of money use without ignoring the reality.


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