There are several ways you can teach your children about saving money and finances. And you can never start too early! It's so very important that your kids learn how to effectively handle finances. And the sooner, the better. With that said, do you know that YOU are your child's number one example? They will do as you do. So, with that in mind, I hope you (as a parent) practice what you preach. If you preach one thing and do another...not good! Tips to help children learn the value money and effectively handle finances 1.Give your kids an allowance. This will help with responsibility as well. For example, if your child sweeps out the basement every week, they get $5 for the job. (of course the amount is at your discretion). 2. Buy your kids some kind of a piggy bank. I suggest one that you can't get money out of unless you break it. While you're at it, buy yourself that very same bank and let them see YOU put money into it. 3. Sit down with your kids and explain the family's … [Read more...]

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