8 Tips on How to Teach Your Kids about Money ...


Ever wondered how to teach your kids about money? It’s never too early or too late to start! Learning how to be smart with money is a valuable life skill that your kids will need later down the road. There are so many factors that come into play with money, like when to spend it and when to save it, how to build credit, or get out of debt, and whether or not you should invest, just to name a few. To learn how to teach your kids about money, please keep on reading!

1. Don’t Give an Allowance

Knowing how to teach your kids about money is a valuable thing. Try to avoid giving a monthly allowance! Instead, have your kids do chores around the house to earn their money. Even preschoolers and kindergarten age kiddos can be paid to do simple chores like helping clear the table or picking up toys. Older kids can help clean bathrooms, fold laundry, and sweep. Teenagers can take out the trash, mow the lawn, babysit, and wash dishes. Pay according to your discretion, but don’t be too stingy!

Use Everyday Situations as a Learning Tool
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