It’s never too early to start teaching your kids about the value of money, saving and financial responsibility. Most of what your kids know about money, they learn from you. But are you sending the right messages? Check out these tips to teach your child the value of saving and spending wisely.
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This foreign concept will not only confuse your child, but it will make him/her throw a huge tantrum or if they are older, they will sulk because they will not understand why they should put money aside.
1. Understanding the value of money
Teach your child the saying, “Money does not fall from the tree like leafs”. They need to understand that money is earned by working hard for it.