We teach children about money as they grow up. For young kids, it is probably harder for them to understand. I made use of the idea of using what kids like to let them learn about money first. This is suitable for kids from about three and a half years old.
This lesson is about "You cannot spend more than what you have."
I gave my two kids sixty cents each. Each of them spent twenty cents playing games. They are now left with forty cents. They decided that they want to buy sweets and chocolates instead of spending the remaining forty cents on games.
We proceeded to the candy store. They politely asked the shopkeeper how much the various chocolates, sweet and crackers cost. Most of them cost more than forty cents ( about sixty cents to a dollar) except for a lollipop which cost exactly forty cents. I gently reminded them that they had only forty cents and that I have no more money. They finally decided to get the lollipop even though it was not their first choice.
The lesson is that even though they like the chocolate more than the lollipop, they cannot buy it because they are only left with forty cents. I would not encourage them to borrow money for daily pleasures in life (unless it is for a calculated risk business). I thought it was a pretty good lesson because the children still got a lollipop in the end. It was a win-win for them and for me. If they cannot find anything for forty cents or less, then they cannot buy sweets. They could, however, use the money for games instead. It is their choice.
This seemingly simple theory is usually forgotten when we grow up. There are simply too much temptation for us that we find it very difficult to resist. There are perpetual sale the whole year round and most of us try to comfort ourselves by buying things we do not really need just because it is cheaper than the usual price.
There are new gadgets and new models of everything. (e.g. handphone, television, computer etc) We are nearly always tempted to buy new and better things. However, are they really necessary? There is no issue if you have excess money of course. Most of the time we do not really need these things but it would be 'good' to have them.
Be aware and do not fall into the trap of advertisers. Advertisers have to do their best to market their products and make sure you feel you must have it. Think about it seriously before buying it. The old model may work just as well but not as trendy. Spend where it is necessary and where you can get the best returns. Remember to weigh the advantages and disadvantages.
Stories For Young Kids
Abela, Associate Professor of Psychology at McGill and Director of the Cognitive Behaviour Therapy Clinic at the Montreal Children's Hospital, says the realization that children can become clinically depressed is a recent development - within the last 20 years. But most studies of childhood depression focused on teenagers on the assumption that younger children don't have the cognitive capability and big-picture perspective to draw the negative conclusions that fuel depression.
Now Abela's research indicates that even the sandbox set can become depressed. He has found that small children, indeed, have already developed the cognitive factors that can lead to depression. Depression among children, he has found, respects no geographic boundaries.
"In the past 15 years, China has gone through the same amount of change that Europe or North America went through in 70 years during the Industrial Revolution." Marital infidelity and divorce are skyrocketing, urbanization is ripping apart traditional family compounds - and depression rates in China now equal our own.
Depression is the most common emotional problem in adolescence and the single greatest risk factor for teen suicide says child psychiatrist Peter Jensen, director of the Centre for the Advancement of Childrens Mental Health. He also notes that depression rated have been rising over the last half century: Teens born in the 1980s are more likely to develop depression than those who were born in the 1970s, whose rate of depression is higher than for those born in the 1960s.
Parents are bound to have trouble understanding a depressed teen's confusing signals; after all, who does not want to think of their child as happy and confident. But parents must pay attention to serious depression; the risks are too great if they don't.
No one knows the reason for this steady surge in sadness, but experts point to the breakdown of families, the pressures of the information age, and increased isolation. Social environment doesnt cause depression explains psychiatrist John March, M.D., who is heading a nation-wide study of therapies for teen depression. But environmental stress can bring out depression in people who are susceptible. Depression is more than teenage angst. It is an illness of the central nervous system that is common, impairing, and lethal.
Stress may predispose individuals to an initial episode. Several factors associated with physical illness may contribute to the onset or worsening of depression. These include the psychological impact of disability, decline in quality of life, and the loss of relationships.
Medication side effects may also be a contributing factor. Physical illness may also contribute directly to the onset of depression by affecting physiological mechanisms such as neurotransmitters, hormones, and the immune system.
However, the strongest predictor of depression might be cigarette smoking. Depressed teens may smoke because they think smoking will make them feel better, but nicotine alters brain chemistry and actually worsens symptoms of depression.
Discrimination is another form of a societal stressor, and it can also lead to depression. It can take many forms some as subtle as not being included in a conversation or joke, some as blatant as threats scrawled on a wall, and some as violent as brutal beatings and other hate crimes. Because it can be hard to deal with individually, discrimination is a particularly sinister form of stress. By banding together, however, those who experience discrimination can take action to protect themselves, challenge the ignorance and hateful assumptions that fuel bigotry, and promote a healthier environment for all.
In the last decade, there have been reports of greater intolerance among young people and a greater tolerance for overt expressions and acts of hatred on college and university campuses. In a study by Schellenberg, Hirt, and Sears, attitudes toward homosexuals among students at a Canadian university were measured. Their findings showed that (1) attitudes toward gay men were more negative than attitudes towards lesbians; (2) students in the faculties of Arts or Social Science had more positive attitude than students in Business and Science; (3) women were more positive than men and (4) attitudes toward gay men also improved with time spend at college, but only for male students.
Both Cheng Cheng Tan & Alisha Dhamani are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Cheng Cheng Tan has sinced written about articles on various topics from Family, Home Schooling and Family. Cheng Cheng is a parenting expert with two boys age 5 and 6. She has learnt a lot from books and other mothers. She hopes to share her experiences and knowledge which will definitely be useful to you. For more tips on parenting and raising kids, go to. Cheng Cheng Tan's top article generates over 720 views. to your Favourites.
Alisha Dhamani has sinced written about articles on various topics from Web Development, Careers and Job Hunting and Health. Jigfo.com is a global platform for sharing and learning knowledge. For more information on this article topics visit:. Alisha Dhamani's top article generates over 18100 views. to your Favourites.
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