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Valuing Money

vishnu697  Join Date:29 April 2010
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29 Apr 2010 05:53 PM
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When and at what age does a parent start instilling a sense of financial responsibility in their children? I am not talking about huge amounts of money but even handling a Rs. 10 note and its value.

Re: Valuing Money

sunita1211  Join Date:14 March 2013 | India
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25 Oct 2013 06:01 AM
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Hi vishnu,

I am a parent of a 2 year old daughter. I am still strugglng with a lot of right timimng to introduce a many things, Even I want to know when is the right time to introduce the value for money.

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Re: Valuing Money

John41121  Join Date:27 October 2013 | Mumbai | India
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27 Oct 2013 08:40 PM
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Sunita, Your child is only 2 years old, as of now you need not worry about the introducing the value of money.. You can start when she is 10 years. She will understand then, Before that 2- 10 yrs, you have to refrian fom buying all the unhygienic stuff,  Chinese food, etc. Tell you Child you will save that money for her to buy soemthing better. Have a piggy bank and ask her to put that money inot her piggy bank. by by, she will undertsand teh value of money. Take it easy.

 

Re: Valuing Money

sunita1211  Join Date:14 March 2013 | India
672 Points | 128 Forum posts | 0 Blog Posts | 0 Comments | 15 Likes Received | 14 Likes given
03 Feb 2014 06:16 PM
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Thank u John for the advice


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