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Play A Shopping Game With Your Kid

Team AckoFeb 25, 2025

Among the very many fun activities that you can do with your child, pretend shopping is an especially fun-filled and learning exercise that can be used to basic concepts of money management and awareness of ground level consumer concepts.

Contents

Choosing the Right Term Insurance for Your Financial Goals

1. Set up a pretend shop with your child, taking turns to be the customer and the shop owner to make your child aware of both sides of the business. Deal with items that your child finds relevant to her age, ensuring that not only does your child understand how her favorite things are procured, but also the value that they carry and how much they are worth. Knowledge of these concepts will be deeply rooted in your little one as they relate to all things that she holds dear.

2. Through activities and exercises in the process of setting up shop, inculcate the process in which the seller acquires the things that she loves most. Making her comprehend the concept of transportation and storage for perishable consumables such as her favorite sweets, chocolates, milk products, etc.

3. Use this activity as a teaching experience to reinforce the concepts and basic principles of money and money management. Managing one’s finances is an important practice that one should practice and develop over a lifetime. Teach your child to allocate the money that she is given between the things that she wants to buy.

4. Take it one step higher by taking her to a shop and giving her some freedom to buy the things that she wants, keeping an eye on her habits. This serves as a practical stepping stone and a chance to let your child practice what she learnt in play time.

Choosing the Right Term Insurance for Your Financial Goals

Term life insurance offers a cost-effective way to secure your family's financial future by providing coverage for a specified period. A ₹1 crore term insurance policy is a popular choice in India, providing significant coverage to secure your loved ones' financial security. Premiums for such policies are typically reasonable, particularly when obtained at a young age and in good health. Online term calculators can help you determine the premium amount. These calculators use age, health, policy duration, and coverage quantity parameters to predict the premium.

When you decide to buy life insurance, you must first consider your financial needs and commitments. Consider ongoing debts, potential educational fees for children, and other long-term financial objectives. Selecting the correct term insurance coverage protects your family's financial well-being and provides you and your loved ones peace of mind.

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Disclaimer: This content is for informational purposes only, based on industry experience and secondary sources. It is not a substitute for professional advice. Please consult a qualified expert for health or insurance-related decisions. Content is subject to change, refer to current policy wordings for specific ACKO details.

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