Financial Management in Children: Today Need, Tomorrow Necessity
Publish place: International Journal of Pediatrics، Vol: 3، Issue: 3
Publish Year: 1394
نوع سند: مقاله ژورنالی
زبان: English
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شناسه ملی سند علمی:
JR_INJPM-3-3_003
تاریخ نمایه سازی: 20 مهر 1398
Abstract:
Nearly 80% of young people today will never be able to retire. Why Because they lack the personal finance training that leads to long-term planning and future security. Connecting the dots between kids and money management skills prepares them for the financial realities the world will face over the next century. Pocket money is one of the first ways for children to learn the basics of managing money – a skill they’ll definitely need for life – and it makes children feel independent. Whether to give pocket money, and at what age, and how much to give are issues that often concern parents. There are many ways to handle this. To a large extent it depends on family values, practices and finances. The main reason for giving children pocket money is to help children learn to be able to manage money while they are still young and parents can guide them. It also may help children to feel that they are important members of the family, because they are given part of the family s spending money.
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Authors
Tooraj Sadeghi
School of Business, Islamic Azad University, Neyshabur Branch , Neyshabur, Iran.
Mohammad Ali Kiani
Department of Pediatrics, Faculty of Medicine, Mashhad University of Medical Sciences, Mashhad, Iran.
Fatemeh Saeidi
Accounting Expert, Vocational School Girls Al –Zahra Mashhad, Mashhad, Iran.
Mahmoud Saeidi
Accounting Expert, Mashhad, Iran.