Quote from: maydna on November 03, 2022, 01:51:36 AM

Quote from: delfastTions on November 02, 2022, 07:40:00 AM

Quote from: maydna on November 02, 2022, 05:57:04 AM

Quote from: Silberman on November 02, 2022, 04:58:05 AM

The good thing about money management is that it can be taught at a very early age, you can teach your kids about how to manage the allowance that you give them each day or week and how to use it more effectively, and while the amount of money will be on the small side they will learn how to try to get the most out of their money. and this is a habit which will remain with them, a habit which is very useful as this will allow them to be ahead of their peers and get the same assets but for a lower cost.

It would be better to teach children about money management at a very early age so that they can learn to manage their finances well. And if they can do it, their finances will be more organized, and maybe they will have a better life than ours. And as parents, we certainly will be happy if we see our children happy, and they can also teach the goodness we have taught them. This will be more effective for them in managing their finances than teaching them about things they don't really need in life. If this can be successful for them, who knows, they can also teach the same thing to their friends.

By the way, one of the aspects of such training is obviously separate lessons on how to manage capital in case the child decides to gamble with money that he got from his parents.
This is where the father himself or, for example, the older brother, should sit next to the computer and make sure that the child does not make stupid bets and from childhood get used to prudence and calculation of his capabilities. But of course, it is better that he plays such games as little and as little as possible and begins to try games in his later adolescence.
I think that now almost all teenagers go through such games. And it would be nice if they would not become gamers. It's up to the parents to keep an eye on this.

If parents or older brothers try to teach money management in gambling, I don't think it will be easy because we see that children are still unstable and can be provoked by emotions to spend all their money in one round. They can do this without their parents or older brother knowing, especially if they are often alone and busy using their cell phones. Parents don't need to show children betting sites because they are more curious than adults. That can trigger them to take a closer look at the site, and maybe they will register themselves to look into the site. In the end, they can easily ask their parents for money for other purposes when they use the money to gamble without their parents knowing.

Some parents are really a good teacher -while the other remain in limbo what to do or what not to do.