Tips to Teach Your Child About Investing | PNB Metlife Insurance

Tips to teach your child the value of money

PNB MetLife 03-10-2016 10:52:17 AM
Tips to teach your child the value of money

The importance of money is a core value which should be instilled in every child. An early start equips your child to become responsible and grow up to be financially independent. As parents, you may invest in a Child Plan or specifically a Child Education Plan, but involving your child in such investments lays the foundation of making your child understand the importance of money. Read More

  1. Involve your child in family finances 

To begin with, your child should be made familiar with the income and spends in the family. This gives them an idea of the inflow and outflow of cash and creates a mind set for investing later on. 

  1.  Give them an early start at earning 

Tips for chores as well as, for helping out around the house is an empowering experience for a child. It works to instil an industrial outlook from a young age in your kid. 

  1. Involve them in choosing investment plans 

Keep your child in the loop about your child Investment plan. Reminders on saving for the plan will drive home the core value of saving. It will also supplement the habit of keeping a Piggy Bank and saving for other goals that he/she might have. 

  1. Set a family goal 

Involve your child in the financial planning of your next family vacation. This not only gives you a chance to bond over a common goal but helps your kid to realise the value of money in making the vacation possible
 

Disclaimer: 
The aforesaid article presents the view or an independent writer who is an expert on financial and insurance matters. PNB MetLife India Insurance Co. Ltd. doesn’t influence or support views of the writer of the article in any way. The article is informative in nature and PNB MetLife and/ or the writer of the article shall not be responsible for any direct/ indirect loss or liability incurred by the reader for taking any decisions based on the contents and information given in article. Please consult your financial advisor/ insurance advisor/ before making any decision.

PNB MetLife India Insurance Company Limited, Registered office address: Unit No. 701, 702 & 703, 7th Floor, West Wing, Raheja Towers, 26/27 M G Road, Bangalore -560001, Karnataka.
IRDAI Registration Number 117. CI No: U66010KA2001PLC028883. For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding the sale.
The marks “PNB” and “MetLife” are registered trademarks of Punjab National Bank and Metropolitan Life Insurance Company, respectively. PNB MetLife India Insurance Company Limited is a licensed user of these marks.
Call us Toll-free at 1-800-425-6969. Phone: 080-66006969, Website: www.pnbmetlife.com, Email: indiaservice@pnbmetlife.co.in or Write to us: 1st Floor, Techniplex -1, Techniplex Complex, Off Veer Savarkar Flyover, Goregaon (West), Mumbai – 400062, Maharashtra. Phone: +91-22-41790000, Fax: +91-22-41790203
EC225 LD/2019-20/236

BEWARE OF SPURIOUS/FRAUD PHONE CALLS!
• IRDAI is not involved in activities like selling policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.