Children won’t understand the value of money until they need to, unless you tell them. This article from BankRate.com outlines four lessons to get your kids money smart and in the know.
Today’s parents face many challenges, including teaching their children good financial habits. These four fiscal lessons are a good foundation for your kids’ sound money management in the future.
Differentiate between needs and wants Share the secrets of saving Instill smart spending habits Keep out of credit quicksand
In getting children thinking about money earlier, I think there is more chance that they begin looking at what they would like to do in their careers earlier. Also beginning savings accounts and looking at investments early would be great for their future.