Bringing Up Responsible Children

2016-07-11T14:42:58+08:00By |Kids, Self Development|

Bringing up your children responsibly & healthily is a privilege given to parents. Below are tips on bringing up your children well including financially.


Limit TV Time & Screen Programs
– Have TV time as a time for a family to bond together & not as a babysitting tool.
– Also kids who watch too much TV are more likely to be overweight & unhealthy.
– Encourage reading which broadens the mind & opens up new worlds.
– Art, music & various activities are fun & build up the body.

Help Out with Housework
From a young age teach your children to help out at home. For example by age:

  • 2-4: keep toys & tidy up after playing
  • 5-7: set table for meals; help out with parents doing housework
  • 8-10: change bed sheets, keep clothes after folded; keep groceries after shopping
  • above 11: sweep floor, fold clothes, simple meals preparation, etc

Teach How Money Works
– If your kids always see you only withdrawing money from the ATM, they will think that there’s a magic box where money comes from. Show them you putting money in. Insist that your kids save at least 1/3rd of all money received.
– Teach your kids to budget. Start giving your kids allowance on a weekly then monthly basis. All expenses (movies, fast food, phone bill, etc) are to come from their own account.
– Teach your kids how to set goals & save for them for something specific that they want. It can be something more expensive like a gadget or as simple as an ice-cream outing. Consider offering a reward of topping up or doubling the amount of money saved for big goals.
– Teach your kids the difference between wants or needs. (And practice what you preach!)
– Teach them to give to charitable causes, church offering or non-profit organizations like orphanages. It may be an excellent opportunity to volunteer time too!

Quality & Quantity Time
– Spend both quality & quantity time with your kids both as a family together & one-on-one (especially if you have more than 1 child) . Setup one-on-one dates with mommy or daddy focusing just on him or her quality time.

Eating Out
– If your child is very young, have a restaurant bag with crayons/color pencils, paper, small puzzles, etc.
– Set a no gadget ruling when dining & get everyone used to actually talking & enjoying each other’s company over a a meal.
– It may be worthwhile to sometimes eat at restaurant chains that offer free meals for kids with an accompanying adult.

Follow Us


Admin at MyPF
Helping you to simplify and grow your Personal Finances.

Follow to get the latest Personal Finances updates and insights!
Follow Us

Leave a Reply