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Teaching Kids About Money

A guide to teaching your children about money and nurturing financial literacy from an early age: https://trins.org/fostering-financial-literacy-a-parents-guide-to-teaching-kids-about-money/

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Teaching Kids About Money

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  1. Understanding money – earning, saving, spending, and investing – is a vital life skill. Yet, it’s often overlooked in our children’s education. As parents, the responsibility to impart these essential lessons rests largely on our shoulders.

  2. It’s never too early to start teaching children about money. Begin with simple concepts like identifying coins and notes for younger children, and gradually introduce more complicated topics as they grow older. By high school, they should have a good understanding of concepts like budgeting, savings, credit, and basic investing.

  3. Help your child understand that money is earned through work. Encourage them to do small jobs around the house for an allowance. This isn’t about commercialising household chores, but about teaching the correlation between work and income.

  4. https://trins.org/fostering-financial-literacy-a-parents-guide-to-https://trins.org/fostering-financial-literacy-a-parents-guide-to- teaching-kids-about-money/

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