Talking to children about money is one of the most interesting conversations you will ever have. Children are carefree spenders, don’t we know that first hand?
You just have to take them to a toy store and you’ll see them wanting everything their hands can touch. They know that if Mummy or Papa won’t buy them the toy, they can throw a public tantrum and usually Mummy or Papa will give in. This preschool in Kolkata believes that not talking to your child about the origins of money will result in this kind of foolish tantrums and entitled behaviour.
Hence, we believe that it’s important to have the conversation about money early. So, in today’s blog we give you 3 important money lessons to teach your child with help from these fun quotes!
“Before you spend, earn.” ~ William A. Ward
This is a wise lesson to teach your child. Tell them that Mummy and Papa work very hard to make money. Mummy and Papa have jobs that they go to so that they can earn a salary. It’s with the salary that they can afford the frequent trips to the restaurant, the toys and other desirable things.
Before Mummy and Papa spend any money, they have to earn it. This lesson should explain to your child that everything, including their preschool in Kolkata, is paid for with hard-earned money. Hence, we do not fritter it away!
“Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver.” ~Ayn Rand
The next lesson about money is more philosophical. Money should never rule you, instead, you should rule over it. You should view money as a tool to buy all the interesting things in life but not as the be all and end all. Never make children worry about money or where their next meal is going to come from. That’s a level of stress they do not need to take at such a young age.
“Do not save what is left after spending, but spend what is left after saving.” – Warren Buffett
Teach your tiny tot about saving money. If you have decided to give your child some pocket money, as a preschool in Kolkata we encourage you to teach them not just how to spend it but also to SAVE some part of it. This is a hard lesson to learn, but one that needs to be taught. Inculcating the habit of saving money rather than spending it, is something even adults have to learn.
It is the wish of this preschool in Kolkata to see children financially educated at the earliest so that they build up the country well. Teaching your children the art of earning and saving will be a lesson they will keep in their hearts forever.
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