What is the best age to start paying

At what age is it recommended to start giving this weekly pay? When can the child be provided with this economic autonomy with which to pay his expenses? This decision will have to take into account the maturity of the child and before proceeding, make it clear that it is a voluntary assignment that can be withdrawn at any time. moment If you notice a negligence management of these resources.

You can educate in many ways, from the game to the reading of a story, following other techniques that, although they are often done, rarely take into account how to promote values ​​and teachings. This is the case of weekly pay, an assignment with which important lessons can be taught, ranging from the saving up to management autonomy.


The necessary maturity

As they explain from the Hospital of Sant Joan de Déu It is clarified that before giving the payment, the maturity of the child must be assessed. It is common to start distributing this allocation between 6 and 8 years. At these ages they already know mathematical operations such as addition and subtraction. They are also more likely to know the value of money and begin to do, accompanied, their first purchases.

It is very important that at the time of payment, the child knows the difference between what is a whim and what is really necessary. It is also recommended that you learn the meaning of expensive or cheap, something very difficult since concepts such as relativity come into play. The same amount can be considered high or low depending on the product you want to buy.


What is the amount that corresponds to give?

Not only age is one of the doubts that revolves around the head of the parents around the monthly payment. Also the quantity is another of the questions asked by many parents, how much must be Give the little ones? A high allocation will not make you learn the value of effort and the ability to manage money.

To decide what amount of pay is correct for each child, you must first take into account the family economy and how much would not be a serious blow to the situation of the house. The Fundación Salud Infantil explains that the weekly payment in Spain, for those children between 6 and 14 years era is located on winches at € 3.

And the periodicity? When they are small, the pay can be weekly and, to be biweekly or monthly. So they will learn, progressively increase their ability to manage their money. The allocation must be fixed to prevent it from becoming customary to ask for more money than they should.


In case they ask for a extra amount, you can propose an increase in exchange for a task to get it. But in no case is it recommended to substitute responsibility for money, this assignment should not depend on the children having done their homework, ordering the room or getting good grades, they are not tasks that have to be done independently of the payment, and therefore, The performance of these obligations should not be related to this contribution.

When to withdraw the payment?

Before proceeding to pay, it is recommended to establish general rules of conduct. Differentiate between caprice and necessity. The first thing the child should know is that the quantity is limited. If it is spent, there will be no more, we will have to wait until the next month or week to receive more.

Parents should also lead by example. Do not forget that parents are the mirror where their children look, children learn what they see at home, and therefore, it is essential to set a good example; If our children perceive that we waste money, surely they will end up doing the same, and it will be increasingly difficult for them to use the payment in a reasonable manner.

Damián Montero

Video: 14 Facts About Money You Should Know by Age 30


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