Teach Your Child To Manage Money
When it comes to managing money, kids should always be included. Learning about finances and money is the perfect way to get your child started on a healthy relationship with money. Learning about money is also the perfect way to protect them from thieves that includes peers, teachers, and salesmen. The first thing you should always do when it’s time to teach your child about money is to actually give them money. Showing them the difference between a dollar and a coin is the first step. After you have taught them the basics of money, you can then get them their own savings account. Money doesn’t grow on trees, and too make sure that they know that, teach them the value of a dollar by opening up a savings account for your child. Giving is also a huge part of the learning process ; teach your child that not everyone has money to save or spend. Teach them the value of a dollar by letting them personally donate some of their money to charity. It’s a good deed, and it will also teach them that having money can be fun when it comes to donating to those in need. Last but not least, your child learns everything from you, especially when it comes to finances, be a good financial role model, and handle money responsibly.
Tags: children