Saudi Arabia Money and spending
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Why Are Chores Useful?
If children make purchasing decisions themselves, they must accept responsibility for them. However, this needs to be learned. Chores are a good opportunity for children to learn about responsibility. But what should be noted, and should you give rewards for chores? Child and family psychologist Sabine Brunner gives five tips for everyday family life.
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Cash Gifts: How to Handle Them
For godparents and grandparents, it is often a challenge to find a suitable birthday or Christmas gift. Many decide to give a cash gift. The question then becomes, should my child be allowed to keep it all? You'll find recommendations from Pro Juventute and youth psychologist Urs Kiener here.
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The Balance between Saving and Spending
Strict saving isn't always the best way for children to learn about handling money. The goal of consumer education is to develop a healthy relationship with money. Axel Dammler is a specialist in child and youth research and has worked with young people for more than 20 years. In the interview, he explains how children can learn about consumption.
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Should Children Be Allowed to Buy Everything with Their Own Money?
The following generally applies: Children should be free to do whatever they want with their pocket money. But parents are not always that happy about leaving purchasing decisions to their children. In his column, Daniel Betschart of Pro Juventute explains how parents can grant freedom to their children while at the same time communicating sensible consumer behavior with them.
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Where the Price Comes From: Let's Play Restaurant
Where does the price of goods actually come from? And what's the best way to explain it to your children? One idea: Play restaurant with your child. Bake a pizza together and calculate the sale price step-by-step. Here's a guide for it.
