Teaching your kids the value of money
The best way to teach your kids about money is to start early and be consistent. It’s never too late to teach kids about money, but the earlier you start, the better. Kids learn by example, so if you want them to be wise with money, you need to be wise with money yourself. Show them how you save, spend and donate your money. Explain the value of a dollar and how it can be used to buy things like food, clothes and toys. Teach them the importance of patience and delayed gratification – that it’s better to save up for something they really want than to impulse buy on a whim. Help them create a budget and track their expenses over time. It may seem like a lot of work, but in the long run, teaching your kids about money will pay off! The easy way to do it Learning the value of money is something that kids should start early on in life. It's not an easy task, but there are ways to make it a little easier. One way is to start by giving your child an allowance. This will help them