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Eric Arnold - Things to Keep in Mind While Teaching Kids the Value of Money

The earlier a child learns the value of money, the better it is. Don't let your child think money grows on trees. Not only would they become entitled, theyu2019d miss important life lessons on delaying gratification, goal-setting, and responsibility. Here Eric Arnold has discussed few things you should do & you should not do while teaching your child the value of money. For more info visit: https://bit.ly/3wOCiNS

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Eric Arnold - Things to Keep in Mind While Teaching Kids the Value of Money

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  1. Things to Keep in Mind While Teaching Kids the Value of Money Eric Arnold https://planswell.com/

  2. When is the right time to start introducing money concepts to children? Experts generally agree that by five or six years old, children can begin to grasp basics such as coin values, counting, and prices of small things they want. The Earlier a Child Learns the Value of Money, the Better It Is Eric Arnold

  3. Do's & Don'ts Do: Let them experience spending Don’t: Make financial decisions for them Do: Let them experience buyer’s remorse Indulge their every want Don’t: Eric Arnold

  4. Do: Encourage saving for a big purchase Don’t: Subsidize what they can afford Do: Let them experience earning Don’t: Overpay them Eric Arnold

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