“The end of the month likes end of life” Indicates the situation of money management that working adults face every day. Indicates that financial literacy is necessary to help us manage the money in our pockets. Including having enough money, increase savings and create stability in life. However, teaching financial literacy is not something that can be done in a short time. Would it be better if we cultivate financial knowledge for our children from a young age?“The end of the month likes end of life” Indicates the situation of money management that working adults face every day. Indicates that financial literacy is necessary to help us manage the money in our pockets. Including having enough money, increase savings and create stability in life. However, teaching financial literacy is not something that can be done in a short time. Would it be better if we cultivate financial knowledge for our children from a young age?

Practicing good financial habits must start from a child. According to Cambridge University research revealed that at the age of 7, habit using money was already molded into shape. During the age of 3-6 years is an important time to develop money management skills. Therefore, teaching to use money for children at a young age is even faster.
 

In America, has a website “Money as You Grow” to educate parents in teaching financial literacy for children in each age group. Which is divided into the age range of 3-5 years, where children can learn about money even if they don't catch it. One important lesson is "waiting”. Before getting the desired item children at this age must learn to be patient and control their own needs. Later in the age of 6-10 years, children can spend money, therefore; they should learn to make decisions and goal about spending. And from the age of 11 years old is ready to understand the compound interest for the deposits to grow. When growing up more, can learn about complicated finances like taxes, borrowing and investment.

The piggy bank is the easiest tool to teach good financial habits to children but must fill the matter with purpose. Dividing the piggy bank to collect money in 3 ways: "use", "save", "share".
By the container "use" to spend on daily life, such as buying snacks, little toys, etc.
Spending with coins, banknotes make children feel that money is a real tangible thing, used out when compared to spending through a credit card that looks like money never runs out.

Container "Save" is a long-term savings for the purchase of large items such as bicycles, gaming machines, new tablets, etc. Should set goal, amount or time of saving to encourage children to keep growing that saving. The last one is the "Share" container to teach children to learn about "giving". Mmoney in this one will be donated to help people who are harder than us and he will grow into an adult who knows how to give and share. This simple concept helps children learn financial management, allocation, savings and accept the results from their own decisions.

Financial matters are the same as other matters. In raising children, parents must be a good model for their children. Because children will learn all the time and parents are the most influential. Your spending habits whether small or large like shopping at discounted prices, buy luxury items for yourself or eating out, etc. Are all showing the child about spending habits.
Therefore, parents should be aware of their own financial habits. Both strengths, weaknesses and talk to children about financial matters frankly. To mold good financial habits for children to grow into adults in the future.

Reference

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