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The article is subjective and expresses the personal opinion of the author.
Author of the book "Children and money" PROJECT MANAGER "financial health", Director of the Institute FINANCIAL PLANNING Evgeniya BLISKAVKA about what DOING family budget is considered the most happy, COSTS ARE CHILDREN independently dispose of money and how to choose the tour for holidays abroad.
The author of the books “Children and Money”, the head of the project “Financial Health”, the director of the Institute of Financial Planning Evgenia Bliskavka about which family budget management is recognized as the happiest, whether children should manage their own money and how to choose the right tour for their holidays abroad.
The family budget, as a rule, consists of the total income of all family members. They can be disposed of as one member of this family, or each in their own way. How to choose the right tactics for maintaining a family budget in this case? Is it better that the “furrows of government” in the family budget are in the hands of one person, or is it better if everyone regulates the spending process in their own way?
ACCORDING TO RESEARCH DATA - THE MOST HAPPY FAMILIES FOR WHICH THE GENERAL GOALS AND RESOURCES ARE COMBINED TO MOVE TO THEM
But at the same time, each member of the family has some part of his own funds, which can be disposed of solely at his discretion. It is important to leave the opportunity to make a pleasant surprise to your dear people or yourself. And for children, having their own, even very modest means, is a simulator for making their own decisions and experiencing their consequences. In this topic I can recommend the book “Financial Health”, where various financial situations in the family are most clearly spelled out.
In general, the tradition of maintaining a common family budget has been rooted in Russian families for many decades. But modern couples often practice the principle of "separate wallets." This method is quite suitable for young families who have not yet had time to have children, while both spouses have a stable source of income and earn money.
Separate management of the budget at the same time involves securing for each spouse certain items of family expenses. For example, the husband is responsible for paying the rent of the apartment, and the wife is “responsible” for utility bills and the general grocery basket. The remaining part of personal funds is spent by spouses at their individual discretion.
Should children be involved in family budget planning? What are the best methods to do this?
Of course it's worth it! And not only in family budget planning, it is especially important - in managing your own. After all, this is a kind of insurance against future serious financial mistakes for your child! Better he, at 8 years old, put everything down on chocolates and realize that he can’t save up on a bicycle like this, at the age of 40 he realizes that if you burn your life every day, you won’t be able to make anything.
FROM THE BOOK “FINANCIAL HEALTH”: 7–13 YEARS ARE THE BEST AGE FOR FORMING FOR THE WHOLE LIFE TO FORM A HARMONIOUS BASIS FOR RELATIONS WITH MONEY
To do this is not difficult at all: this does not require any special courses or any auxiliary equipment, but only the desire of the parents and a little free time.
Personal example: If you tell your child how important it is to spend resources wisely and carefully, to have goals and perseverance in moving towards them, to share what you want and want, but you yourself have never done it, you have no order in your financial plans, and you are not always consistent in moving towards them - there will be little sense from conversations. You have to start with yourself and harmonize your life first.
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