Some adults know how to live frugally, spend their budget rationally, and make savings. Others waste their salary in the first days, then experiencing difficulties, scolding themselves for wastefulness and inability to manage money. If you want to teach your child to be a prudent manager in adulthood, start shaping his monetary behavior from early childhood. The idea of ​​money enters a person’s life gradually. As a child, he hears conversations about them in the family and takes part in shopping in the store. But still, for a child, the concept of “money” remains incomprehensible and quite abstract. Non-cash payments, which have become a common practice, complicate the process of forming a child’s understanding of money, adding another concept of “card”. But, sooner or later, the child will grow up and begin to live independently, managing his money at his own discretion. A child’s first acquaintance with money can begin at about 5 years old. Due to the peculiarities of thinking at this age, it is important for a child to see money and hold it in his hands. The baby is not able to operate with images, especially those that have yet to be formed. Show your child bills and coins, tell them where the money in the family comes from. For this age, it will be enough to talk about how money is paid to mom and dad for their work. Explain in detail other potential sources of receiving money - entrepreneurship, loans, lotteries, sweepstakes, etc. Not worth it yet. It is advisable to talk about such topics with a child already at the age of 10. Probably, every parent has at least once had the opportunity to refuse a child’s request to buy him something, citing a lack of money. And here the child often has a misunderstanding: “how can it be, there is money in the wallet, here it is” or “they said that there was no money, and then they bought something, how come, there was none.” A parent, saying that he has no money, means that there are no free funds that could be spent on a toy. But this is difficult for a child to understand. Therefore, it is important for him to explain not only how and from what sources the family budget is replenished, but also how it is spent. Depending on the age of the child, whether he can count, whether he knows simple rules of arithmetic or not, these points can be explained superficially and simply, or in more detail. And so, in general, the step-by-step process of teaching a child the rules of handling money can be presented as follows: Tell about the source of money coming into the family budget: father’s and mother’s salaries, grandmother’s pension, benefits (payments from the state). Describe the family budget for the child. Talk about how spending is planned, how much money goes to food, how much to pay for housing and communal services, how much to buy clothes, how much to buy sweets and toys for a child, etc. For clarity, it is better for a small child to sort the money into the appropriate piles. For an older child, write it down in numbers on a piece of paper. From the age of 8-10 years, a child can be involved in planning the expenses of the family budget. Involve the child in shopping in the store with his parents. Before going to the store, make a shopping list and determine approximately how much money you will need for this. Next, go shopping with your child. Check the list to see if everything is in the cart. It would not be amiss to teach your child to save money, in particular, to recommend that he give preference to goods with a discount and the opportunity to buy something else, not planned, with the money saved due to discounts. Give the child the opportunity to pay for purchases at the checkout. A child aged 8-10 years can be introduced to the essence of non-cash money, paying by card in a store, online payments through a personal account. From the age of 7-8 years, a child can be given pocket money. Each family determines the frequency and size of the amounts issued for itself. The child needs to be clearly told what he can spend his savings on. Not.