Children are the happiest after New Year\’s Eve, because during this period, they received a lot of New Year\’s money. This elder gave a red envelope, and that elder gave another… Within a few days, the child became a \”little rich man\”, smiling from ear to ear. But parents are worried, what should they do with their children\’s lucky money? Let them hold it by themselves, firstly, they are afraid of accidentally losing it, and secondly, they are afraid of spending money squandered; if they insist on coming over, they are afraid that the children will not be happy to have emotions. In fact, how to spend the new year\’s money is a good time to cultivate children\’s money concept. What is the concept of money? The outlook on money is the fundamental view and attitude towards money, which is closely connected with the outlook on life. Foreign research has found that a person\’s financial management concepts will be established before the age of 12, so the age of 5-12 is a critical period for children\’s financial management education. Because at this stage, children\’s money values and consumption concepts have not yet formed stable habits, financial education is most appropriate at this time. If your child is over 12 years old, you should seize the time and opportunity to teach your child how to manage money. So, how should we cultivate children’s “financial intelligence”? Parents can do this: First, have their own piggy bank. When the child gets lucky money, the mother can buy the child a piggy bank and tell the child that it is his private property, so that the child can quickly have a concept of saving money. , you can have money to spend when you need money. Second, let children participate in the process of making money. On weekdays, mothers can collect recyclable items with their children, accumulate them to a certain level, and drag them to the scrap station to sell them. Then, tell the child that this is the income of his labor. For children, only when they know that money is hard-earned, will they know how to cherish it more! Third, let your children participate in the management of family affairs. If you have the opportunity, try to let your children participate in the management of family affairs. For example, when going to the supermarket or eating out, you can give money to your children and let them pay. Children will know how the family’s money is spent. In the process of participating in family management, children will gradually understand the principle of \”pie in the sky will not fall\”, and will not be easily deceived. This not only enhances the child\’s self-protection ability, but also cultivates his ability to live independently. Fourth, try to invest appropriately. After saving the New Year\’s money for a certain period of time, you can ask your children if they are willing to use part of the money to invest, such as buying financial products. If the child does not agree, there is no need to force it. You can wait until the child is older and then discuss it with him. When investing, one thing to remember is that although investment is operated by parents, children have the right to know. In this process, you can let your children gradually understand some investment knowledge, let them know that money can make money, and weave a blueprint for their future. In short, compared to IQ and EQ, financial quotient relies more on acquired cultivation. It is not just about spending money, it is more about the child\’s thinking mode.