In addition, 80% in the educational process means behavior. Learning can be done more subtly and more through play at first, and as the child grows, much more concrete and through real situations where money is involved.

For example, we can involve him in planning a shopping list. Thus, the right space is created to explain to them what it means to plan, save and find the most suitable offer.

We can let the child hold the list and check off what we put in the basket. We can challenge him to find the best option for a few products in the list.

We can support him in establishing a toy that he really wants and to earn and save money for. Thus, we will increase the chances that the future adult will be a master of what money means, earning and managing it.

The goal is to develop children's financial intelligence quotient. Let's help them develop the autonomy to manage their finances wisely, whether they are small or large amounts.

The transparent attitude and the existence of continuous natural conversations about financial matters between family members are essential in the process of financial education.

For example, saving is a behavior that only develops through sustained practice. Financial education is a lifelong process that combines various behaviors and attitudes.

The right messages about money

All the messages we receive from our parents or from people we invest with importance affect our lives. Words are powerful, but actions are even more powerful.

The biggest impact on children, in particular, is the consistent messages they receive from their parents. When parents' words and actions come together, a powerful message emerges about value system.

From the point of view of financial education, we often hear the expression: "We don't have money" or "I can't afford it". This message hides a wrong mindset that, developed in childhood, will be a big obstacle in achieving our dreams.

Of course, the situation of having a limited amount of money or not having an additional amount to buy something your child wants is natural and real.

My recommendation is to replace these phrases with: "we choose not to spend the money in this way", "I choose not to allocate money for this now, because I want to save it to go on vacation!" or "I think this product is too expensive!".

It's easy to say "I have no money", but in doing so, the parent conveys the message that he is not the one in control of the income, his own money, which can be frightening and create anxiety in the child's soul.

Such an expression can make us, in adulthood, impose limits on ourselves: a poorly paid job, the fear of dreaming of something "too expensive or too big", the fact that "money makes me and not me", or moments of anger, when I feel the need to take revenge on this situation and spend all the money in an instant.

Also, studies show that 1/3 of parents hide the truth about money. Of course, such behavior sends the wrong messages.

Children will understand that lying is a good way to cover up financial problems. When we feel uncomfortable answering a question about money, it is preferable to choose honesty, telling the child that we do not want to broach the subject.

Most of the time, however, pride or shame makes us push reality "under the rug".

Money, untouched subject

Probably one of the biggest and most common mistakes is precisely not to approach this topic with children. In Romania, the subject "money" it is considered taboo, shameful, inappropriate, especially in discussions with children.

Studies show that adults' money habits are set by age seven. Another mistake is to give children everything they want before they finish their sentence!

Maybe the child wants that toy precisely because the latest model came out or because his friend has it too. This behavior of immediately buying what the little ones want, most of the time as a compensatory manifestation, is found especially among parents who spend little time with their children or in the case of divorced parents.

If we make everything available to children, there is a risk that they will feel that everything is theirs or that they will no longer want anything. The answer "no" is part of life and it is very healthy to teach them from a young age, both to accept a refusal and to offer one.

Another mistake is to recommend something to them, and we, the parents, do the exact opposite. The child does what he sees, not what he is told.

If you tell your child that they need to be patient in order to buy something of value, and you go to the mall to relax by doing some more shopping and leave with a new TV, then that's a big problem.

Through such behavior you teach the child the emotional expense! Leading by example is everything when teaching kids about money!

There are those parents who support their children to earn their own money, but then step in and make decisions on the children's money instead of them. This behavior creates a lot of frustration within the child.

Another mistake is to become "helicopter parents" etcand to save our child when he is in a financial mess of his own making.

It can be, for example, about a situation where he has spent all his money, and then he comes to ask you for more, and you, merciful father, give it to him. This does not help the child learn to make decisions and accept the consequences of his own actions.

Then… the allowance. Deadline "allowance" it should not exist in the vocabulary of parents and children. When we give an allowance it is like giving a child some money because he exists.

How realistic is this in real life? How many of us adults get paid just for breathing? The allowance system doesn't teach children how things work in real life, work does.

Teach him to save

The best way to teach your child about money is to encourage him to earn it, to make the connection between work and money, and then support him to manage it himself.

Work awakens in children a sense of fulfillment, confidence in themselves, the conviction that they have done something they can be proud of.

Once children understand that money is the result of work, they will no longer spend it on a toy without considering how much work they put in to produce that money.

The work done makes every thing bought to be perceived as an achievement, not a right that is due to them. But just letting them win is not enough!

They must be left to manage it themselves, organize and spend it as they choose, and of course, let them bear the consequences of their decisions.

Only in this way can they really develop their financial intelligence quotient. It's crucial to show children that money can play different roles in everyday life, whether it's spending or saving for later.

I would guide children not to look at money as a barrier, but rather as a form of energy that we can create in life.

I would encourage them from a young age to define big dreams, which they can confidently turn into savings goals. To remove the fear of "oh, I don't have money for such a thing" or "ahhh, it's too much for me".

We are the only ones who set our limits. If we want to raise young people to win financially, we must teach them to save. Learning how and why to save money is one of the fundamental financial disciplines.

It is a way to ensure your success. Knowing how to save, postpone pleasure, set goals and priorities, means emotional maturity. To increase their ability to make profitable financial decisions and at the same time develop their entrepreneurial spirit, I think we need to support them to earn money from entrepreneurial projects.

It is great to identify the child's talent from an early age, encourage him and teach him how he can make money from that thing he enjoys. Do you realize how many happy people we would have?!

And they would work without feeling for a moment that they were working. Through entrepreneurial projects, we can explain to them what the raw materials used mean, how we choose our suppliers, how we negotiate, what the costs are, how the sales price can be determined.

By doing these things in childhood, we give the little ones a healthy foundation for life. They become aware of their own worth, their inner greatness, and the fact that they can make their dreams come true.

They walk through life guided by confidence and courage, they will manifest and demand their rights.