Teach Kids Make Financial Budget

GIVE allowance is a good way to teach children money management skills. Teach your baby how to manage finances and make a budget since childhood, so get used to when he was growing up.

You can choose to give pocket money daily, weekly, or monthly according considerations. After that, he helped create a mini version of the adult financial budget in the following ways:

1. Encourage your child to set aside 30 percent of their allowance into savings. For starters, children can put the money into a piggy bank. If you've collected enough, you can help her open a savings account at a bank.

2. Meanwhile, 30 percent more than their allowance set aside for daily snack. For example, buying ice cream, borrow comics, or playing games.

3. A total of 30 percent set aside for something special. For example, he wants to buy shoes or a bike that his dream (you can cover half the cost if too expensive). Thus, the child will get used to saving up to get something to be desired.

4. Lastly, teach your child to donate 10 percent of the rest of their allowance to charity. For example, to give to beggars or donated to an orphanage.
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