It is okay to teach our children to save, but is this the way?
Young children do not have much notion of the value of money, and from a certain age it is important that they learn about it. A mother had a very original idea to teach her daughter about the importance of saving, but its publication on the networks about this fact divided the waters and generated controversy. How do we teach our children to save?
In many countries it is customary for children to receive an allowance; Every parent knows how much to give their children and will surely teach them the smartest way to spend or save it. According to Mirror, Essence Evans is a mother who has generated controversy in the networks for the way in which she teaches her daughter the value of money. She charges her 5-year-old daughter a rent of $5 a week to live in her home, which the girl pays out of the $7 allowance she receives each week. That is, she has $2 a week left that the little girl can freely spend.
The fundamentals of this mother made them clear in her publication on Facebook, which spread through the network like wildfire. The text of it says
« I make my 5-year-old daughter pay the rent. Every week she gets $7 for her expenses. But I explained that in the real world most people spend most of their salary on bills and keep a small amount for themselves. So I made him give me back $5, 1 for rent, 1 for water, 1 for electricity, 1 for cable, and 1 for food. The remaining 2 dollars are for whatever she wants. Now, she doesn’t know that $5 is going into a savings account that I will give her when she turns 18. If she decides to leave home, she will have $3,380 to start with. This strategy not only prepares your children for the real world, but when they see the bills, they will thank you for giving them a big discount.
Beyond the fact that, after all, the mother is saving a large part of that money for her daughter, the truth is that all opinions soared in favor and against, because not everyone agreed that a girl feels that he must pay to live with his parents, while other people thought it was an excellent method of teaching about finances. The publication was shared more than 300 thousand times and had 200 thousand reactions. In addition, hundreds of media outlets raised the news.
” It’s brilliant to teach your children this way, ” someone said. Another person wrote: ” I think the idea is brilliant. We have to teach our children the value of a dollar.”
Meanwhile, other people assured that it is not the most appropriate way to teach finances to the girl: ” She should not pay for something that is your obligation as a mother, ” they told her. While someone, enraged, commented ” Put the money in a savings account if you want, but no child should feel that they have to pay for something that a parent should provide.”
Is it right or wrong?
Every parent knows what they want to teach their children about money and finances. It is true that it is very difficult to convey to our children the true value of things and how much it costs us to obtain them when we are immersed in the consumer culture, and in the era of “now” and “now”. But it is also true that as parents we want to do our best so that they value money from a very young age, and the best way is by teaching them to save it.
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The idea of this mother may seem very rude to many people, while others see it as a perfect solution. Paternity is a path that is made by walking, and perhaps that girl is a good person who values the efforts of her parents, as it can also affect in the future the fact that she should have paid for her rent and food being very little.
It is very valuable that children learn the value of money from a young age. According to the Children’s Guide site, some ideas to make this happen are:
Play board games like Monopoly
Explain the difference between value and price
Give him a piggy bank to keep his money
Teach saving by creating goals
Teach you not to spend on unnecessary things
And to you, what did you think of the idea of this mother? How do you teach your children to save?