The Practical Saver writes: “A lot of people go on with their lives not knowing how to manage money. As a result, they tend to bury themselves in debt and not save for their future. As a parent, I like my kid to grow as a responsible person especially when it comes to handling money. A lot of people may argue that kids won’t understand the concept behind the proper handle of money but I would argue for the opposite.” Here are some ways to teach your kids about money: Be a good model, teach kids about math then money, talk about money, give them allowance and allow them to spend. (thepracticalsaver.com)
COOKIE E. says
YES, do teach them now, or it will be a battle for them. Plus we want them to make money, not the money to make them IN LIFE.