By Dra. Margarita Mendoza Burgos
We have adopted many of the habits that accompany us the rest of our lives as children., thanks to the education of the parents.
One of them, definitely, is the savings. Only with the passage of time, a child will understand the importance of that teaching. “Take care of small expenses; a small hole sinks a ship”, Benjamin Franklin said.
It is essential that parents cultivate a culture of saving in their children. It is, in a way, welcome you to the real world.
It is that many parents try to create the fantasy that everything grows on trees and nothing is the product of effort. That feeling multiplies in festivities, either on birthday or Christmas, in which we make them believe that Santa Claus or El Niño Dios is coming to give us things easily…
In my particular case, I taught my children that Santa brings toys for many children and you had to ask little or not so expensive for him to favor all the children of the world.
As usual, children tend to think that money is unlimited, Therefore, it is advisable to explain where it comes from and also the effort that parents have to make to obtain it., for example, that a credit card is not a magic plastic that allows us to satisfy all our whims even if we do not carry cash in our pockets.
Parents must explain that it ends up paying the same, and many times with interests. It's never too early to start. If a child accompanies you to the supermarket and becomes infatuated with an unnecessary product, You have to explain that there is a budget to stick to.
The habit of saving has to permeate day by day, of natural form. On the one hand, make them see that they are lucky to have a roof, food and schooling, that is the most important thing and that this already puts him in an advantageous situation over many others who suffer from deficiencies.
Even in well-off families, saving should be part of education under the premise that those who mismanage can lose everything. It is likely that for a matter of status our children demand that they buy brand clothes, the latest cell phone model or the most advanced version of a PlayStation game, but it will be the parents' decision to bring them down to reality.
There will be things that can be bought and others not, depending on the budget. That's the first thing they have to understand. And, for example, they dream of having a particular product and parents are not in a position to buy it, you can give them a nice challenge: that they save themselves until they reach the sum to buy the watch, the shoes or the cell phone for which they go out of their way.
A piggy bank or a savings account will suffice - depending on age- to start this healthy process. Not only will it keep you focused on your goal, but they will also experience firsthand the effort necessary to earn the money. Sooner or later, children and young people have to learn to manage their resources, and that is the responsibility of the parents.
Another good way is to give them the money for the allowance for the whole week and for them to be in charge of managing it., making good use of your small finances, making decisions and even managing to save something. Some professionals also recommend playing Monopoly as a family, an entertainment where everyone receives play money and must invest it in the best way.
A well learned habit at home, hardly forget. They are life lessons to apply at all times that will bring us not only financial health but also mental health.