Teaching Your Autist Child Money Management
Kids today are bombarded with advertising, and keep up peer pressure;
and this is why money management and financial skills are must subject
matter for parents to continually cover with their kids throughout their
childhood and teen years.
Children have vast amounts of purchasing power (billions) either directly or indirectly. Yet, even with all this influence and direct purchasing power, children are rarely taught about money… and more importantly the managing of money.
Of course, the generation gap combined with the technology age in which kids now live in had a big part in my lack of focus on this subject. But no more. If for no other reason, you should think for a moment how money is so rapidly transferred today; with just the swipe of a card. And in fact, many people (parents) today hardly ever come in contact with actual paper money anymore.
Here are a number of ways to teach children about money, so they don't end up having problems in the future.
- Introduce them to money
When they are young enough to count, take an active role in teaching them about currency, such as pennies, nickels, dime and quarters, as well as dollar bills. Have them do simple math including adding and subtracting. When they get older, you can introduce new concepts and issues.
- Teach by example
Teaching your children about money becomes a much easier task when you have learned the lessons you are teaching. Children are smart and they know when a parent is a good example. When you're armed with knowledge, you're better able to teach your children.
- Give them an allowance
Yes, that means give them some money. Even if it's a few dollars a week, let them take control of their own money and make their own decisions about what they want to do with it. A good example of how much to give them would be a dollar for their age. Hopefully, if you have taught them, first by example, and then with the knowledge you have gained, they will think twice on how to spend it, or even if they want to. They may decide to put some away for a rainy day or they may blow it the first chance they get.
- Use cash
Children don't understand what you're doing when you're paying and if you use credit cards a lot, your child might get the impression that the magic plastic can buy all the toys in the world. Therefore it is important that the child sees and feels the money so that it can comprehend that money is exchanged for products and services. Try to pay in cash as often as practicable, and show banknotes and coins to your child.
It is important that you show your child that you have the last word in the spending of money, so instead of "We can't afford it" say "We choose to buy this toy next month, because we haven't planned for it this month." Of course you are the parent and make the final decisions, but the more you can involve them in the money processes of your household the better off they'll be when they step into the real world on their own.
##########################
The Complete Guide to Finally Understanding Autism is HERE:
http://bit.ly/gyae8z (FREE autism book download)
Finally a one of a kind guide that answers all the questions the parent or a teacher of an autistic child would have. Filled with informative literature the reader will get the real facts about autism and learn how to cope with the stress of raising and teaching an autistic child. You will learn what autism is and you will learn how to deal with the problems associated with it.
http://bit.ly/gyae8z
You will learn the real facts about Autism. You will learn about treatment and educational options that work at reducing the symptoms of Autism.
Children have vast amounts of purchasing power (billions) either directly or indirectly. Yet, even with all this influence and direct purchasing power, children are rarely taught about money… and more importantly the managing of money.
Of course, the generation gap combined with the technology age in which kids now live in had a big part in my lack of focus on this subject. But no more. If for no other reason, you should think for a moment how money is so rapidly transferred today; with just the swipe of a card. And in fact, many people (parents) today hardly ever come in contact with actual paper money anymore.
Here are a number of ways to teach children about money, so they don't end up having problems in the future.
- Introduce them to money
When they are young enough to count, take an active role in teaching them about currency, such as pennies, nickels, dime and quarters, as well as dollar bills. Have them do simple math including adding and subtracting. When they get older, you can introduce new concepts and issues.
- Teach by example
Teaching your children about money becomes a much easier task when you have learned the lessons you are teaching. Children are smart and they know when a parent is a good example. When you're armed with knowledge, you're better able to teach your children.
- Give them an allowance
Yes, that means give them some money. Even if it's a few dollars a week, let them take control of their own money and make their own decisions about what they want to do with it. A good example of how much to give them would be a dollar for their age. Hopefully, if you have taught them, first by example, and then with the knowledge you have gained, they will think twice on how to spend it, or even if they want to. They may decide to put some away for a rainy day or they may blow it the first chance they get.
- Use cash
Children don't understand what you're doing when you're paying and if you use credit cards a lot, your child might get the impression that the magic plastic can buy all the toys in the world. Therefore it is important that the child sees and feels the money so that it can comprehend that money is exchanged for products and services. Try to pay in cash as often as practicable, and show banknotes and coins to your child.
It is important that you show your child that you have the last word in the spending of money, so instead of "We can't afford it" say "We choose to buy this toy next month, because we haven't planned for it this month." Of course you are the parent and make the final decisions, but the more you can involve them in the money processes of your household the better off they'll be when they step into the real world on their own.
##########################
The Complete Guide to Finally Understanding Autism is HERE:
http://bit.ly/gyae8z (FREE autism book download)
Finally a one of a kind guide that answers all the questions the parent or a teacher of an autistic child would have. Filled with informative literature the reader will get the real facts about autism and learn how to cope with the stress of raising and teaching an autistic child. You will learn what autism is and you will learn how to deal with the problems associated with it.
http://bit.ly/gyae8z
You will learn the real facts about Autism. You will learn about treatment and educational options that work at reducing the symptoms of Autism.
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