If there’s one thing that ALL of our children will have to handle one day it’s money. Whether it’s a little or a lot, we set the foundation early on for our children’s financial success. For some great tips on helping your kids become great money managers, read on!
1. It’s Never Too Early To Learn About Money
Children learn about money from a very early age. Whether it’s playing in your wallet or on a toy cash register, they see money as a means to getting something they want. Don’t leave it up to your children’s elementary school teacher to explain the value of money, start now! Kids as young as 3 can start to understand the principles of money and that it’s something that you have to work for. Don’t panic if your older children may not understand all they should, it’s never too late to instill financial responsibility.