Lets use an Abacus

Translated by Sayyad Hassan Naqavi
Key words: children, small business, purchase power, economic issues, economic education, pocket money, useful media, practical example

There are many reasons why children should get acquainted with the economy from an early age, perhaps one of the most important reasons is that they will grow up in the same economy! Therefore, they need to know about the financial and economic situation of their country. Children may hear about economics in the family, the news, school, society, and so on, but it is not until they become acquainted with economics at a higher level (high school and university) (if their field of study is economics, finance, or management) that they usually learn that How the economy works and what impact it will have on their current and future lives. Children face many economic factors every day that they do not even know what they mean.
The basics of economic issues, if properly articulated, will be very understandable. In other words, if these issues step out of the world of abstract concepts and into the world of action, they become very tangible and understandable. This issue becomes even more important when transferring economic material to children and children. In this article, we review some of the methods that help facilitate economic discourse for children.

  1. Do not “pocket money” for your children, but set a fee for them instead.
    The word pocket money represents the intellectual system of effortless income. The sooner we separate our children from this system of thought and introduce them to the world of entitlement and reward, the better they will understand economic issues.
  2. Take them to different markets to watch
    Yes! Viewing. Seeing the interaction between people, sellers and buyers, the difference in prices, bargaining for buying and selling, the fit of quality and demand, and all this will be a free classroom for the social and economic education of children.
  3. Ask them to talk to other adults about the past of the market and the economy
    For example, tell your child to talk to his or her grandfather about the status of products and services as a teenager.
    This is a great way to show the child a reduction in purchasing power, inflation, or any other economic change. For a more practical example, compare his current purchasing power with that of years ago to better understand the meaning of market change: for example, what he could have bought fifty years ago with the amount he bought today, and so on for the next few years. How will it be.
  4. Prepare books and games related to this topic and appropriate for his age
    Today, with the expansion of studies in the field of children, due to the importance of this subject, books and stories and appropriate and useful games have been produced that empower the child in this field by increasing his economic knowledge. With the right questioner, be sure to provide such products for his leisure so that he can learn useful things while playing and spending time and fun.
  5. Help your child start a small business
    Help her to start a small business with a small business based on her talents and interests. For example, put up for sale items that you think and in consultation with you can sell at a reasonable price on interactive sites, in order to provide better items at a better price. Selling his handicrafts can be another good way. It should be borne in mind that today the Internet space has made these markets very simple and accessible, but this environment can carry very serious risks. In the market space, and especially in its virtual world, we must be very careful with our children. In addition, these behaviors should be done at the child’s own will, as well as through games and childbearing.
  6. Use useful media for review and exchange
    Follow the multimedia (including channels, news sites, etc.) that provide more accurate analysis, and discuss as much as you can about the issues they address.
    Finally, it is important to mention two points.
    First, be honest with your child about the economic situation, but not so much that it makes him or her anxious. For example, if there is a deficit in the family budget, explain to him that this happens to everyone. Talk to him about the possibility of improving the situation in the future, and at the same time, explain to him the need for special precautions in case of emergency. For example, if you can not afford to travel, say that this situation can happen to anyone, but the future can change.
    In addition to the family situation, the same can be said about the economic situation of the society in times of crisis.
    The second point is that, while teaching and practicing the concepts of economics, cultivate the seeds of humanity and love in his heart more and more. Tell him the purpose of economics is not to make big money and excessive consumerism. Explain the beauty of helping others while managing your family, and explain that everyone has had support for their success, such as family, homeland, and other people, that it would not be right to forget them when successful. Tell him about the condemnation of consumerism and extravagance and its serious damage to the environment, and ask him not to forget others in any position, and to know forever who is the main breadwinner in any situation.