![]() What does this have to do with saving? The simple fact is that spending money you receive as a gift can feel totally different than spending money that you earn. Set up a list of family chores that are mandatory, and then come up with some jobs and projects around the house that pay different amounts. The more closely it relates to their work, the better. If it’s within your budget, set up a system for your child to earn an allowance. The easiest way for your child to learn how money works is actually for them to have money. Here are two common-sense strategies that can help you instill financial wisdom in your children from the moment they can tell a dollar from a dime! So the sooner you can instill those lessons, the deeper they’ll sink in!įortunately, teaching your kids about saving is quite simple. ![]() It’s never too early to teach your kids the wisdom of budgeting, limiting their spending, and paying themselves first. ![]() ![]() A study discovered that most children have established their money habits by age 7.¹īefore they might know what a 401(k) or mortgage even are, their financial future is already starting to take shape. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |