Jakarta, Armfalcon.com – Do you still remember the “entrust THR” phenomenon which went viral in Ramadhan 2022? Giving THR can actually be the first moment for parents to teach children about finances.
Last year, the famous financial planner Safir Senduk uploaded a post on his Twitter which read, “Just leave it at Mamah, afraid of losing the Eid money.” – says every mother every time her child gets Eid money.”
According to Safir, entrusting money can be a phase where children get to know fake investments. However, there are lots of pros and cons on this one.
It’s no secret, after Eid, the child can earn a lot of THR money from his siblings in cash. You certainly know that the cash that is given can be lost or misplaced.
So what is your role as a parent to keep this THR money safe? Here’s the review.
Let the child determine what he wants to do with his THR
Tell him that he can use 50% of his total THR for whatever he wants. Offer several options for buying the things he wants, and don’t forget to suggest saving money for him.
If the money is used to buy something right away, then the amount will certainly decrease and he will get a toy or something that can be used in just the next few years.
However, if it is kept in the bank, the money will still be there and can be used to buy other things that the child may have long dreamed of.
Minimum 2.5% for alms
Don’t forget to teach them about alms or sharing with others. Alms can be done in various ways, can be donated directly to mosques, through channeling institutions, or by buying ready-to-eat food and distributing it directly to people in need.
Teaching a child to do charity can certainly be an important foundation so that one day he can grow into a generous figure in the future.
The rest must be saved or invested
Regardless of how much will be used to buy something he wants and donate, the rest of the THR money must be saved or invested.
If you think it is difficult to teach the child to invest, invite him to buy mini gold with cartoon character packaging. In this phase, investment is not mandatory but becomes a first introduction.
By introducing them early on to investment instruments, it will make them even more curious about the goals of investment activities. It is also hoped that when he grows up, investing and saving will become part of his lifestyle.
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