5 steps to teach children how to properly manage lucky money

Lucky money - lucky money symbolizes the good wishes people give each other at the beginning of the new year. Especially during the coming of Tet, spring, reminding children to have a reasonable way of thinking and using lucky money is something that fathers and mothers should not miss.

So, how should mothers help their children manage the money they call "mine" appropriately?

Illustration photo/Internet source

Raise a piggy bank with your child

During the first days of the New Year, most children in the city receive a lot of lucky money, with a relatively large amount. Therefore, parents can buy their children a piggy bank to store lucky money.

This way, the child can keep the lucky money for himself and also develop the habit of saving from a young age. Not only that, it also prevents the child from imitating older siblings by spending lucky money for the wrong purpose, or asking parents to buy toys or anything else they like with lucky money.

Remind children to save lucky money for their studies.

Most children think that their parents raise them, so their parents will take care of their tuition, books, school supplies, or anything else, and the lucky money they receive will be used to “play” during Tet. Parents should quickly get rid of that thought in their children’s minds.

Advise your child to use the lucky money they receive to buy the school supplies they like with their parents. This will not only make them feel more “adult” and responsible, but will also make their parents happier.

Use lucky money for meaningful things

Teaching your child how to spend their lucky money wisely and thoughtfully will create good qualities for them from a young age. Maybe your child is a playful boy who likes his mother to use lucky money to buy superheroes, cars... or a graceful girl who likes her mother to buy dolls, dresses..., those are the things that your child likes, but he or she cannot yet know how to spend lucky money meaningfully.

Mom can guide her child to use lucky money for charity, to help poor children in the mountains who cannot celebrate Tet as fully as her child.

Mom can also create an idea for the child to save money to buy gifts for relatives, such as buying something for mom with dad on March 8, or buying a gift for everyone in the family on their birthday.

Then your child's lucky money will be used in the most meaningful way, and your child will become a more emotional person.

Use lucky money to travel with the whole family

This is a fun way to motivate your child to keep their lucky money carefully and spend it wisely.

Mom can advise her child to use that money to travel together this coming summer, mom can choose a place that the child wants to explore like a beach, or a new land. It can be a great idea for mom, so that the child will say: "Then mom, please keep the lucky money for me!" - that is definitely the sentence that every mother wants to hear.

Teach children to be responsible in handling money and managing their lucky money properly.

When receiving lucky money, mothers should remind children to say "thank you" or "I ask" in response to the wishes of adults. Children should not immediately open the lucky money envelope in front of guests, but should temporarily put it in their pocket and keep it carefully. From the beginning, mothers should also "thoroughly understand" with children that if they want to buy anything or want to use lucky money for anything, they must ask their parents' opinions, and should not spend it carelessly.

Instead of forcing your children to “give it to mom”, parents should advise, instruct and teach them small lessons. That will help them know how to manage their lucky money envelopes carefully and use them appropriately, and will make their parents happy and proud of them!