Money is part and a parcel of life. If you want your children to be money savvy, teach them financial responsibility that will last a lifetime. If you don’t know when is the proper time to begin, just wait, as kids are naturally inquisitive. Sooner or later, they will start shooting their endless questions to you. They might ask about money that seems to be simple but in reality, it is a hard and tricky question. Experts say that you need to find out first what the children are thinking and then ask them what do those terms or words mean according to their understanding. Here are some interesting and challenging queries that kids at age six and below might pose for you.

Is our family rich or poor?

The word rich or poor can refer to different things, so explain to the kids that you can be rich or poor in friends, recreational time, things, or money in Marikina сity. It is best to be honest but only up to the point that they can understand. Save the rest of the information for the future when they have an easier grasp of your family’s situation.

How much money do you make?

Tell them that you have enough money to buy your necessities and some extras to go out and have some fun and even buy toys during special occasions.

Why can’t we afford to go on a nice vacation?

Bring them to a nearby place where they can play. As for a vacation, make them understand that it is something to be planned and saved for.

Why can’t you buy me the things that I want?

Explain that you have to buy first what the family needs. Besides these items, what the child wants must be up for approval if it is beneficial for him or her.

Why is my classmate’s house so big, and ours is not?

There is no need to have a big house since we are just three in the family unlike them that have a bigger family. Besides, it is not necessary to have a big house. What is important is you are comfortable and happy living in it.

I won't do the dishes for nothing - my friends' parents pay for it!

Most parents believe that you should not reward your child for good behavior and obedience: it should not be a feat, but the norm. Therefore, the correct answer to this question is as follows: "Doing household chores implies itself, it's a matter of human relations. After all, Mom and Dad do not get anything for the household chores, it's our common home, and we work for ourselves and for ourselves, so that everyone was well. Keep in mind, you can't pay for help with household chores in any case. Participation in family care should not turn into mercenary labor, because then violates an important principle: unselfish love - the basis of family relationships. There are examples when paying children for help with household chores led to sad results - to extortion of money for any movement.

Why doesn't Dad find a job where he makes more money?

Tell the children that it's not just the money that matters in a job, but also what you do. This is easy to explain with school subjects. Children like some subjects and dislike others. Ask them if they would like to learn more of the subjects they don't like, but get 10% more pocket money, or if they would like to learn more of the subjects they do like, but get 10% less. Putting children in front of such a choice will make them feel that in addition to material rewards for the work done, there is also a moral one.

Why can’t we eat at restaurants more often?

The family can eat in restaurants or buy take-outs once in a while but it is better for either of the parents to prepare meals at home. You can be sure that what you put in there is healthy and that you have prepared clean and safe food. Moreover, mom and dad are great cooks!

 Where does money come from?

Money comes from the work parents do. If Mother is a doctor, she helps sick people and if Father is a teacher, he helps children. All these jobs are paid for and that is where the money comes from.

 What to do if you need money urgently

Children are the most precious part of every person’s life, so you want to provide them the best that you could offer. For instance, going on a vacation can do wonders to your child’s education. The child would be able to see the world and having a trip together will help in strengthening your bonding as a family. You might have some savings, but you still need additional cash to afford you a vacation or other things you want to do or purchase for your child. This is where Robocash comes in. If you urgently need money, you can take a loan from this website robocash.ph/articles/ucpb-personal-loan.  Many people have availed and benefitted from this automated website because it is easy to access as it does not require numerous documents unlike banks and other loaning institutions. Robocash operates 24/7 with no holidays. Clients can borrow from 1,000 to 25,000 pesos. Just remember that a loan must be paid on time and must be availed of only in times of emergency.