Making the plan of budget from childhood....

1. HOW TO MAKE CHILDREN MONEY
WISE
SOURCE-THE FINANCIAL EXPRESS
15TH OCTOBER 2010
PRESENTED BY
SAUMYARANJAN PRADHAN
ROLL NO-34

2. SOME IMPORTANT WORKS HAVE TO
DO
• GET YOUR CHILD INVOLVED
• OPEN A BANK ACCOUNT FOR YOUR CHILD
• DEVELOPING A SAVING HABIT
• SAVINGS AND INVESTMENTS ARE
IMPORTANTS.

3. GET YOUR CHILD INVOLVED
• To begin with, get your
child involved in money
matters of your home.
• When you are
discussing your home
budget or investments
,savings or expenses
include your child.
• It will develop their
thoughts about savings
and investing money

4. OPEN A BANK ACCOUNT
• You can have joint bank
account with our child .
• Let your child to deposit a
part of his pocket money
into his bank account .
• let you make your child to
take won decision about
saving money and
withdraw .which make
him decision maker.

5. DEVELOPING A SAVING HABIT
• It is important that a
child understands the
importants of saving his
money.
• Saving for three reasons
• To save for future.
• To fall back on in an
emergency.
• To achieve some spending
goal.
• Child should have some
income & spending chart.

6. SAVINGS AND INVESTMENTS
• Educate your children
about growing their
money by investing.
• Let them research
avenues for themselves.
• You can guide them as to
how to compartmentalise
their savings
• Which will make them
financial goals in life.

7. Some instruments suggested by Adhil
shetty,CEO of Bank Bazar.com
NO CHILDS PLAY
Monthly allowance
Car washing rewards
Setting dinner table rewards
Clean up room rewards
Gifts from friends/relatives/grand parands
Total income

8. SAVING
Deposit in bank (20%)
Deposit in emergency fund(10%)
Total savings

9. ITEMS OF EXPENSES
Movies
Restaurants
Petrols
Total expenses

10. “THIS STRATEGY NOT ONLY USED IN CASE OF
CHILD BUT ALSO USED IN CASE OF US”