1.
http://www.arthayantra.com/
5 Best time-tested ways to teach your
kids about money management

2.
1. Be good role
models
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•
•
Weekend shopping : Why you think buying clothes on sale is a better
idea;
Dining : Family can enjoy same tasty food in a less expensive
restaurant or even home;
Utilities : How reducing AC’s usage would save thousands in
electricity bill;
To read the full article click:
5 Best time-tested ways to teach your kids

3.
2. Financial Games
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In the era of Xbox and Play station there are no better and fun ways
than videogames to teach your kids financial skills.
Kids can play popular online money management games such as
Road Trip to Savings, Financial Football, Peter Pig’s Money counter,
Money Metropolis , Financial Soccer, Record shop tycoon, Burger
Restaurant etc.
To read the full article click:
5 Best time-tested ways to teach your kids

4.
3. Encourage
Saving
towards goals
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•
Sit with your children and discuss things they want to buy in near
future (toys, games, bicycle etc.).
Help them calculate how much they need to save daily to reach
those goals. Gift them a piggy bank to put the money.
To read the full article click:
5 Best time-tested ways to teach your kids

5.
4. Make them
earn pocket
money
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•
Kids need to understand that money doesn’t grow on trees, but is
earned through hard work.
Parents should encourage children to earn pocket money by
getting involved in tasks.
If the kid is 7-12 years old, give them household chores. For
teenagers, getting a part-time job is a brilliant idea.
To read the full article click:
5 Best time-tested ways to teach your kids

6.
5. Give them
Budget projects
and let them
make mistake
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Provide your kids with overall budget objective and give them
money to come up with a plan.
For example ask them to plan a Sunday picnic. Let them come up
with all activities, food, fuel and other costs within the strict budget.
Let them do the payments for these expenses. There is no better
teacher than failure or mistakes.
To read the full article click:
5 Best time-tested ways to teach your kids

7.
For more interesting blogs click
Blogs
on Financial Planning
THANK YOU!