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Showing posts with label financial skills. Show all posts
Showing posts with label financial skills. Show all posts
Monday, 18 May 2015
Do I Have To Pay For Your Child Good Study

Do I Have To Pay For Your Child Good Study

In times of my Soviet childhood, neither I nor my companions for a good study parents did not pay the money. This option was not even considered. Get knowledge considered our duty. Several years passed and I worked at that time in high school, began to notice more and more kids are literally extort evaluation. At the meetings, many parents shrug: "Well, I do not know how yet magically motivate your child to learn! So we have to pay extra for it a good score. " And then, as a rule, it passed an excuse: "At the same time learn how to earn money."

The question of whether to pay a child for good grades is discussed for decades, not only in our country. For example, the American experience of payment other than study recognized almost at the state level. A few years ago in New York schools, implement programs of material encouraging students. Students proposed to perform tests for the results that children receive from 5 to 50 dollars depending on the quality of the responses. This practice financial incentives included in a wider program to combat poverty, which initiated the mayor of New York. The mayor of Washington has expanded the program and offered to encourage school students in Washington for good behavior, good grades and homework diligently.

However, most Russian psychologists agree that payments for child assessment more minuses than pluses. I, too, is more inclined to think that it is unreasonable approach to the subject is able to cause harm and form is not entirely healthy attitude to money in a growing person.

Many parents believe that the payment of a perfect score - a great motivation for excellence. But such a strategy is undoubtedly the weak side - the child may develop an incorrect perception of adulthood and how do I pay labor.

Do I Have To Pay For Your Child Good Study
Do I Have To Pay For Your Child Good Study


Let's look at the possible scenarios that can interfere with a child in the future to build a career and successfully manage their personal finances.

  1. The child may decide that the result - this is important, and it does not matter what means he has been made. And he will seek by all means to get good grades, including trying to cheat, to write off, etc. It threatens that will develop a personality that will go over the heads, and despite the means and ways to get the desired result.
  2. The child, due to psychological immaturity, may well come to the conclusion that, in any case, good results are awarded money. And, imagine how frustrating it can comprehend it in adulthood, when at work for the excellent results he will not get bonuses. In contrast, the increase may get one who is closer to the boss. Such contradictions are common in adult life, because life is not always fair.
  3. Further aggravate the situation, if you will give your child money for any evaluation, but for a higher score will be giving more money promoting. In that case, your child quickly that the money he will get in anyway and try to stop completely. You also have, in any case will have to provide it. And why should he try if he still gets the money for candy or a game?
  4. Receive payment for assessment, your child will begin to think that the efforts are worth the money. Of course, it is in the adult world. But try this case it is necessary only when the work is guaranteed a cash consideration. But often for other people, we are doing something for free as assistance and support. A study - there is investment in the future of the child. And also study in itself can be an interesting process. In this case, you need a personal example of parents to show that the resulting knowledge is the fruit of the efforts of the former parents. The knowledge they have been applied in practice and led to a decent wage.

Ultimately, every parent has the right to choose itself, on what basis to educate your child. But it is difficult not to agree that if parents behave appropriately in life and serious about the financial side of it, this is a direct example of the best, even more important than any moralizing and educational talks.
Sunday, 17 May 2015
How To Teach Your Child Not Tto Borrow Money?

How To Teach Your Child Not Tto Borrow Money?

About how, when, and how much to give your child to start spending money, you and I have discussed in earlier articles. Today I propose to talk to another vital topic - how to show a child benefit from the ability to save money for what you want, but do not take them in debt.

Imagine the situation: a 10-year-old boy Vanya parents give $500 every week as pocket money. Vanya has long dreamed of a game console, which costs $ 1300. The reserve fund * Wani have $320. Vanya's parents decided to lend him the necessary amount, but in the future expense allowance. That is to borrow money, not to buy him this thing. Educational effect of this decision is that the child for a while deprived of pocket money. During this period, he must feel himself to the rule: "You take other people's money at the time you give your and forever." More more effect will be achieved if the child has committed an unnecessary purchase spontaneously.

But in this scheme, there is one very important point, which should take into account the parents: do not borrow a child more than the amount of his two-week pocket the proceeds. Otherwise, you run the risk of spoiling relations with the child, because he was used to regularly receive money from you, and now proceeds to temporarily stop.

How To Teach Your Child Not Tto Borrow Money
How To Teach Your Child Not Tto Borrow Money?
I do suggest to specify in advance a list of the child that you as a parent will pay him ourselves and of what your budget is not calculated. For example, you as a parent ASSUME spending on clothing, shoes, school supplies, school meals, etc. Payment terms that are not included in the list are discussed individually.

It is clear that in fact that is not included in the list of most frequently will also indirectly be paid out of your wallet. You are giving your child pocket money. But such a simple way the baby will be formed financial skills, which are then able to significantly ease his adult life.

And finally. Often, grandparents, too, can give the child a certain amount. In order to "party politics" was unified, and the formation of a child's financial skills passed smoothly, we recommend advance to discuss the issue with representatives of the older generation of your family. Find out delicately, how much money they plan to give to your child, and how often, because sometimes an additional source of income and can serve as gifts received in banknotes birthday.
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