The cafeteria at school can be a great place to get kids to understand the value of money. Pocket money can help with a child's financial education.
When you say school cafeteria, most children (and parents) think of colourful candy canes, biscuits, gummy candies or big gumballs in the shape of a soccer ball. This article is not about the healthier assortment in school cafeterias, although that is a big topic too, but about the buying behaviour of your little consumer, the primary school pupil.
Just as you go grocery shopping for the whole family and for pets, your child learns to shop just based on the assortment in the buffet. The appropriate pocket money you support your little one with can greatly enhance but also disrupt your child's perception of the tempting world of goodies and price tag watching. While €10 buys dinner for a family of 4, your child spends it at the buffet and can't remember what for. Yes, that's a lesson for the future too. But what if your child spends his pocket money every time, immediately and impulsively? It's also about self-control but adults have to train themselves in that for a long time, don't they? How about showing your children other options, what all can be bought with one pocket money?
In our financial education school we teach children from the age of 8 years old the difference between '''I WANT''' and ''I REALLY NEED'' , how to set any goals and how to achieve them. We mainly talk about the financial side. Age-appropriately, we play, discuss and paint a financial future with the children. In our courses, children have the space to be endlessly curious and creative as we give them the space to define their life path. Alongside this, we talk to them about what it costs to fulfil their big and small goals. With these personal examples of the children's own, the bridle of the children's imagination is fully loosened and alongside the play, the children learn what money actually is, where it comes from and what its value is.
We ask for parents' patience when your little ones come home and offer to help you with your family's customized EFC budget.