There are so many areas of life that your children need to learn about, and as a parent, it’s often your role to fill them in. When it comes to life skills and being aware of crucial aspects of living independently as an adult this undoubtedly falls under your responsibility. It may feel that they’re too young to learn about certain things, but it can be that the earlier they begin to understand these things the better. This is certainly true when it comes to acknowledging the value of money and being aware of the importance of saving money when possible. Here are some ways you can do this.
Discuss the Cost of Grocery Shopping Casually
With all of these points, you mustn’t leave them feeling worried about money or guilty about having money spent on them. While they need to learn, they don’t need that hanging over them. Having casual conversations about monetary value can be helpful, so you could use grocery shopping as a perfect opportunity.
Relate This to Income
Once they have a basic concept of how much everyday items are worth, try to gently explain the idea of working for money, and how many hours of work per week allows you to buy those things.
Explain How Essential Savings Can Be
Again, the key here is finding a balance between not overwhelming them while still making it clear how crucial these things are. You could use real-life examples or make them up to demonstrate times when having savings to fall back on has been essential.