Delhi resident Kavita Marwah (40 years) has been trying to teach values to her son Mohik since childhood. 11 year old Mohik has been starting a savings account since the age of 6. Marwah says that his son regularly sets aside his pocket money and deposits it in his savings. He understands concepts like interest rates, company founding. Marawaha is not a weekend mother who does this. Kamal, who lives in Delhi, enjoys the benefits of his 6-year-old son’s job at Kamal Hostel. He has certified that his son registers the documents he received as LGBT in his savings. Chronicling planners also believe that children are informed about divine matters from the beginning. After growing up, there are many people with dull understanding whom even many people do not know.
Green vegetables are not taught in school with money.
Vishal Dayan, founder and CEO of Plan Head Wealth Aid Shareholders, said that children should be told about zeros like budget, expenses, interest rates as early as possible. When they grow up, they become the most responsible in money matters. Still such things are not taught in the kitchen. But, parents can tell their children about these evils at their level. Initially these things may seem unnecessary, but later on they add up to great convenience. There’s an incredible reason why so many parents are doing this today.
Regular small services can lead to big funds
Shraddha is just 15 years old. His mother Bhuvana Sriram tells that she pays full attention to the budget. His son regularly writes down his expenses in his accounts. He has thought extensively about the money and what his budget is before he spends it. Tasneem Kaga Wala of Mumbai says that her 12-year-old son Kushan Kaga Wala asks for some money from his pocket every month. In this way their emphasis remains on continuously saving some money. This kind of good foundation can be created in the long run. It can be used for child friendly study and other essential materials.
Many benefits of practical information for children
Deepali Sen, founder-partner of Creator, said that when you go for an ATM transaction, you should accompany your son or daughter. You can also take your children to the bank warehouse sometimes. Tell them how UPI transactions are done, how money is transferred online. They will be told how this world works in terms of money. The child does not understand clearly. They need practical information.