5 Tips to control the mobile top-up expenditure of your children
Digitisation has become the way of life. Everywhere we go, technology has touched our lives. It has become an inseparable part of us. But all of these easy living facilities do not come free of cost. Just as the ease of living has gone up, so have the costs.
BBC news has revealed that UK’s online shoppers have topped global spending survey. The citizens spend £4,611 using payment cards online. The UK has the third largest e-commerce market. The share of online sales has been 18% of the total GDP. No wonder the market is a growing revenue generating system.
But, no one wants to spend more. We all want to save every little bit that we can. Be it on buying products or topping-up your phone. Expenses are never pleasant!
Today, we get you some useful tips on how you can curb down the expenses of your children on their mobile top-ups. Kids don’t need to use the mobile as extensively as adults do. But that does not mean you cut off their expenses completely. With these tips, you can even give them their liberty and also put a check on it.
Tip 1: Make them pay!
In the last blog of parenting tips for your kid’s phone, we advised you to let them pay for their own top-ups or allow a fixed amount every month. This is really helpful in making them understand that the services they avail on their phone come at a cost. Nothing teaches the value of money better than expenses from one’s own pocket.
Tip 2: Show them that spending is quick and earning is slow
It takes immeasurable efforts to earn every little penny and no efforts at all to spend it. So, show your kids the efforts that are required to earn the pounds. You can take them along with you at your workplace for a day. If you can’t show them, share with them the details of your work, tell them all about your busy and hectic day over dinner.
The minds of kids are very impressionable. They quickly grasp whatever you tell them. Have a friendly conversation with them but make sure to put it in their mind that earning money is not easy. Hence, one should be careful while spending it.
Tip 3: Check for discounts with Kwikpay
Discounts are everyone’s best friend. They help us save and get more value for less money. Of course, we love discounts! You can search online for various discount offers on online payment platforms.
With Kwikpay, we let you search various pitches granted by all the major mobile service providers. You can simply visit our website, or download the Kwikpay app and check the best offer available for you. Cut down your expenses with us easily!
Tip 4: Give them a bank account to handle
If your kids are above 7 years, you can open a savings account in their sole name, or if you feel, you can open a joint account. This will add a sense of responsibility and it really sounds fancy too!
Kids are easily attracted to such fancy things at a young age. Deposit their expense money in their account and tell them to spend it reasonably. This way you can also keep a check on where they spend the money.
Just like Wendell Phillips said: Responsibility Educates!
Tip 5: Lead by example
It is easy to preach, but difficult to lead. Like we said, kids are very impressionable. They will learn to imitate the behavior of the people around them. So, lead them by setting an example. Show them how you control your mobile top-up expenses. Give them tips, tell them effective ways of availing the best services at a reasonable cost.
This will not only teach them to limit expenses, but it will also boost up your conversations. Once the kids notice that you are helping them and supporting them instead of lashing out on expenses, trust us, they will be super cooperative with you!
That is all for today! Let us know your feedback on these tips!
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