consumers are sometimes too fixated on the brand rather than the actual item
Los Angeles-Long Beach, CA (PRWEB) August 21, 2014
Debt Consolidation USA explained in a recent article published last August 18, 2014 how parents can pick up some financial lessons from kids. The article titled “5 Financial Lessons You Can Learn From Your Kids” shares how observing kids can actually yield some great insights on how adults can manage finances.
The article starts off by pointing out the fact that adults might find this logic hard to believe. This is because adults are normally the ones who teach the kids how to manage finances. Adults are the ones in schools and seminars dispensing information on how to manage funds, how to repay student loans, or even the value of a piggy bank to start saving.
But the article pointed out a few financial insights that adults can learn from children. One of which is how the product is more than the brand. In today’s time, consumers are sometimes too fixated on the brand rather than the actual item. Kids do not care what brand their toys are, as long as they get that ball or block or book, they are happy with the item, not the brand.
The article also points out how the concept of “fun” is sometimes lost with adults when saving money. Kids are happy at the thought of saving knowing that at the end, they will get that toy or food that they want. Adults sometimes forget the end goal of saving and sometimes goes on with it because of routine.
Adults can also get a different point of view on how to look at money by observing kids. The article explains that for kids, the concept of money is that it is a tool to get what they want. They want that toy, money is used to buy it or that superhero costume can be bought with money. And if money runs out, there are ways to earn it and kids are not the least worried about it.
Starting small is not so bad.is something adutls can also learn from children. Saving a few cents a day will get the kids closer to their goal. Adults are sometimes disheartened because of the small amount that is saved monthly.Saving small is more important than saving nothing at all. To read the rest of the article, click on this link: [http://www.debtconsolidationusa.com/personal-finance/5-financial-lessons-can-learn-kids.html.