How To Teach Your Kids About Money
Teaching your kids about money is very important. What you teach them in childhood will follow them throughout their lives. If they learn good money habits early, they’re more likely to have a successful budget when they’re adults. Alternatively, if your kids don’t know a lot about money, they might make budgeting mistakes when they move out.
I want to believe I am teaching my children good money habits. They watch me do my monthly budget, make purchasing decisions, review our spending habits, and make cuts where we can to save money. They have been given the responsibility of having their own money, a bank account, and the ability to make choices about what to spend their money on.