How to explain to your children, how to handle and save money: Children learn to handle money easily and teaching children to save money. So explain money to children with simple examples.

By Thorsten Hawk

How to explain to your own children, how to handle and save money.
An important milestone in the education of children is the handling of money. Money rules the world and those who do not have any have some problems in life. Therefore it is even more important to explain money at an early stage. How to earn it and how to handle it properly. Unfortunately, nowadays the subject of money is not taught at school and young people do not learn how to handle money. Therefore, parents should read this book and go through the individual points with the children. an age recommendation can only be given indirectly. Some points are only understandable for young people, other points can be explained from 6 years. So children money explain with simple examples and lessons.

What awaits you and your children in the book:

Learning how to handle money 
learn to save money 
Interest and compound interest
good debts
bad debts
Credit
Invest
Acquisitions

• Language: English
• Publisher: epubli
• Release date: Jan 28, 2022
• ISBN: 9783754945209

Book preview

How to explain to your children, how to handle and save money.

By Thorsten Hawk

Content:

1. what is money, anyway?

First means of payment

The paper money

Intangible money

The term money

2. Learning how to handle money.

3. let children pay the baker with their parents' money

4. keep money safe. On the way, at home, bank account

5. age-appropriate allocation of pocket money

6. 1/5 of all income goes into the piggy bank

7 The power of interest and compound interest

8. learn to prevent spontaneous purchases

9. consumer debt is bad

10. investment debts are okay

11. acquisition costs - compare prices

12. larger purchases, parents participate, children help in the household for example

13. giro card and credit card

The debit card

The credit card

Teaching children how to handle money and how to save money for parents.

Two proverbs symbolize the power of money:

Money rules the world. and

No ticky, no washy.

If money is lost in times of crisis, it can plunge the world into chaos, it runs like sand between your fingers.

On the other hand, it embodies a value that must be kept safe.

Children and young people learn how to handle money from their parents and thus become successful later on.

With the help of this book, parents should explain financial issues to their children. Some helpful examples and ideas for implementation are given.

Unfortunately it is the case today that the subject of money is not taught at school and young people do not learn how to handle money. Therefore parents should read this book and go through the individual points with the children.

An age recommendation can only be given indirectly. Some points are only understandable for young people, other points can be explained from the age of 6 years.

1. what is money, anyway?

In the old days, people traded goods directly with each other. As a means of intermediate exchange, people used grain, livestock or shells or precious metals such as silver or gold. The goods were available in sufficient quantities, reusable