Money Lessons from Toddlers

It may come as a surprise for us adults to learn so much about money and how to handle it correctly - from our children! As we know, children can cost their parents a lot, and that is exactly how we learn from them.

First and foremost, children don't need to have the most expensive items on the market. Sometimes, society can influence parents to buy their children pricey items to even out with their peers. I've realized that this is wrong for this can spoil the kids and I don't think any parent likes spoiling her child as she likewise does not like spoiled children in general, hers or others'.

Children can be happy having the simplest things, even an empty box to play with, for example. And this does not cost a thing! Children should be taught to be appreciative of what they have and value the items they own. It they're raise to just to buy and buy, they won't come to realize the value of money.

Buying extremely cheap but low-quality items is actually costly, too, for these tend to break easily. And many parents have the tendency to quickly replace a broken item with the same cheap thing. Buying the same quality item over and over again costs more in the long run, so best to purchase good quality items that are durable and  long-lasting.

If your child has an older sibling who doesn't need his or her old toys, handing down these pre-owned items can be very cost-effective. Children on the other hand will also learn how to share. Hand-me-down items are normally of good quality, otherwise a parent wouldn't usually keep something that isn't worth keeping.

Children love coins, so you might want to provide them with a piggy bank. You will be surprised that all the loose change that randomly flies all over the house can amount to something big. And children can learn to save money this way, too. So keep the bills and let your children keep the coins - it's a fun idea!

Fun activities for children can sometimes cost the world, so parents should consider and plan it well beforehand to avoid wasting money on something the kids might not even be interested in. Children enjoy simply playing outdoors or having a friend come over for a simple play date. Free activities give great fun, just the same.

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