Teaching Money Management to Your Child

Money management is one subject we need to master in life as we progress towards better and bigger goals. As we grow older, different responsibilities come to us and we need to rake care of those things. Whether, buying a new house, car or looking after our parents, family, and kids’ education or in worse case some unfortunate incidents, money management plays a crucial role in all these situations. We are not always taught to master money management. Few tricks, we learn on our own as we face real situations. Experiences make you wiser but why to wait for such experiences in case of your children.

What we learned late can be instilled in our kids at an early age. So often we are generous with our children and give them what they need and what they want. But that situation is far from ideal. Kids are needed to be taught value of money. Who better than you parents to teach such important thing? You can start by giving them a certain budget and ensuring that they manage with that. You can also teach them how to handle money. Other things that can be taught are teaching them about balancing a cheque book. Talk to them about vices of overspending and how it might affect their basic needs.

Parents can also arrange for few money games between children and give prize to one who best saves and manages the money. Parents are definitely the best ones to teach this basic thing of money management. Go for it and contribute in development of your child.

Teaching Interpersonal Skills to your Child

Interpersonal skills are extremely important in anyone’s life leave alone children. We humans are designed to meet new people, find new acquaintances, interact with them and as it happens quite often deal with conflicts. These things have eternal presence in our lives. We, as parents have acquired such skills over years that come very handy while dealing with such situations. The least we can do is to pass on this hard earned knowledge to out children. Very few things in life are as important as getting along with others. Knowing to deal with difficult people is an art that must be imbibed in our kids if want them successful in business, career and marriage.

These skills are better taught at homes. Passing your wisdom to your child is kind of gifting one priceless skill. Children will keep having diverse experiences during their stay at school and colleges. So rather than relying on nature and experience we can start with teaching them the wonderful art of interpersonal skills.

Health, nutrition and fitness play such important role in our lives. Not many course subjects include nutrition as a separate discipline. Just a chapter or two is dedicated to this crucial topic. With onslaught of fast food culture and widespread problem of obesity, it is suggested that parents should take initiative in this matter. They should make the child learn about benefits of fitness and proper nutrition. Talk to the kids about harmful consequences of sedate lifestyle and try to teach them by presenting yourself as an example. Of course that will require you to be more disciplined towards health in general but that is not such a tough ask when seen from your child’s education point of view. Lead by example and find your child fit and healthy for life.

Teach Your Children

We attend school from age of 4-5 to 18 in normal cases. Many of us have continued studies way beyond that age mostly to pursue advance studies. So in that case, it is very likely that we have learned all that was needed. Right? No, wrong! There are several things that miss from school education and chances are quite bright that such essential thing would be missing from kids’ education as well. The point I am trying to make is some of the most needed skills are not taught by schools. These skills are either developed on their own as and when need arises or taught by parents.

The school curriculum focuses more on theoretical and ideal methodology and subjects. However, many schools have started to design the course curriculum keeping in mind the practical aspects of life yet few things are left to the parents to be provided to their shining stars. For example, career choices. Schooling education teaches children number of subjects and about several other aspects that need to be read and written about. But I doubt career choices is one of those aspects. Schools don’t teach what to do with what the kids have learned. There is a set method that has been followed religiously by almost all the schools. In such cases parents’ role are very important. They need to guide the kids about different career choices and how to proceed towards them. Waiting for higher education so that kids will understand and figure out on their own is not such a good idea. So parents’ should take the initiative here.

Parents’ role in shaping child’s career

Parents’ role in shaping child’s career can not be undermined. That explains why we normally witness the sons and daughters entering into the professional arenas of their parents. Whether it is politics, business, or services many wads have been found to be doing what is considered as carrying the torch of family legacy. For few it’s by choice but for many others it’s by design. The thing to be noticed here is whether these new generation kids are happy doing what is expected of them or it will be more better for them and society in general that they are given ample freedom to choose what they desire?

It all starts with childhood. Often parents compare heir wards to other kids in the same class or group. If X is doing well then so should Y forgetting that Y is more adept at doing some other work. Your daughter may be enrolled in dancing classes but probably she is more inclined towards singing and that’s why her performance in dancing class is not up to the mark. Such factors are often ignored by the overly eager parents. Needless to say, this is detrimental to child’s prospects in field of his/her choice.

Allow your child and show him/her a list of hobbies by taking him out and by providing him an environment. Child will demonstrate his tastes and aptitude and parents need to observe that. Life offers us several professional choices. These days many of those choices are offbeat. Allowing your children to realize their true potential without putting any unwanted pressure is one of the best things parents can do for their kids.