7 Things That Could Happen if You Don't Teach Your Kids about Money ...


It is important that you teach your kids about money. Some parents make the mistake of never discussing finances with their children. In many cases, it's because they lack adequate knowledge. But even if you're not an expert, you can give your children a basic financial foundation. This can get their financial future off to a good start. Here are seven things that could happen if you don't teach your kids about money.

1. They Might Think That Money Grows on Trees

If you don't teach your kids about money, they may develop the mindset that money grows on trees. Although not literal, your children may think that money is readily available whenever they need it. This is especially true if you're always going into your pocket when your child makes a request. It is important that children understand the importance of working for what they earn, and because of other obligations, money may not be available for spending.

They Won't Understand the Value of a Dollar
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