SHE SPENT ALL THE MONEY?!?
"Money in hand is a whirlwind," as the song goes... Really? What if we teach from an early age that it's not necessary to spend everything you have? That it's possible to resist temptation and reap the benefits?
Discussing children's financial education online is always controversial, especially because Brazilians are accustomed to spending, not being educated to think about how to best use their money from an early age. Here, allowances and everyday situations serve as learning opportunities, especially at this stage when contact with money is just beginning. Maelle recently turned 7, and the amounts of her allowance/weekly allowance and financial opportunities are consistent with our habits (such as the frequency of shopping malls or other shopping venues), her routine, our reality, and also her goals (for now, her purchasing goals are a few toys and sticker sheets).
I repeat what many people find controversial: IT'S NOT BY GIVING THEM A LOT OF MONEY that we are teaching or being "nice" to our children, especially if we think about the future we want for them (and how we want them to handle money).
*P.S.: For those who haven't been following, Maelle has a children's debit card, which is linked to her account, which in turn is linked to MINE. This is a personal choice of ours, as we don't usually use cash in our daily lives, and we see that this generation's future is without physical bills.
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