Did you know that a child’s financial habits are formed by age seven? Teaching them at a young age will help them learn about the importance of money, saving, and spending, and will also affect how they manage their money in the future.
But before you start teaching them how to save, they must know the basics of money and where it comes from.
Put your teaching to the test, and engage in some fun activities with your kids. Who says learning can’t be fun? The best part is, they won’t even realize that you’re teaching them because they’ll be having so much fun!
- Redington, Troy. “How To Teach Finances To Kids Ages 5-12.” Fat Wallet. Last modified March 23, 2016.
- Compare Cards. “The Road To Responsible Spending: Teaching Your Kids About Money.” Visualistan. Last modified April 2015.
- Redington, Troy. “How To Teach Finance To Toddlers.” Fat Wallet. Last modified March 16, 2016.
- Northern Trust. “How To Teach Your Children Money Values.” Wealth. Date accessed January 11, 2016.
- Teh, Kelly. “Kids And Money: Raising Money-Conscious Kids.” Credit Donkey. Last modified May 29, 2014.