Simple ways to good money habits for children
1. Give them their money to manage.
2. Help them budget and save from their pocket money for anything expensive.
3. Don’t hide the family’s financial situation from them. Share what your feel they should know.
4. Give them the experience and joy of earning their own money.
5. Let them make their own decisions and mistakes but help them understand why those mistakes happened.
6. Turn them into savvy shoppers during trips to the store.
7. Explain personal financial in terms they can understand and get creative if you have to.
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Comments
i think every parents should read this valuable information. I learn how to manage money when i was in university.
The sooner kids learn how to handle money the better off they will be. It’s so easy to get caught up in spending without understanding the basic financial rule one should live by: Spend less than you make!
This may work but won’t children develop greed in the future after having been exposed to money at an early age?