children and money

Whenever the parents go to the shop to purchase monthly provisions or to a retail textile show room ,to hotels for occasional eating out etc it is good to take the child also into the process of purchase.Encourage the child to total the bills before or immediately before leaving the shop.If any short totaling is found pay the difference amount to the shop owner through the child.This will instill honesty in the child at a very young age.Also if any excess amount is billed and the child finds it out encourage the child to point out the mistake and collect back the excess so charged.Once in home check if all the items as per bill are packed in to your box.Take the help of the child to arrange the items as per the bill and also telling the child about the price of atleast bigger items so that the child is aware of the value of money and your toil for the family.Educate the child to compare prices of the things he/she wants and let the child volunteer to go for an item which the family can afford.If the child still insists to go for a really costlier one make it clear that you are buying it as a onetime concession and the child may not get the same ever time..The children are as worthy as your money and handle both accordingly for a happy money life to you and later to your child.