It is important to teach children about money from a young age. This way they will grow up knowing how to use money responsibly. This is a guide about helping your children understand money.
Mum used a very simple rule when we were schoolchildren. She gave us weekly pocket money which was about double what we needed and used to tell us "Right, this is your money for the week. It's up to you how you spend it. Don't come asking for more before the week is up because you'll get nothing." We never did and I remember actually saving from my allowance!
It is so easy to spoil our children and miss the opportunity to teach them about saving, choices and sacrifice. It is important for children to understand the value of money. What are some ideas you have for teaching this important lesson?
By Litter Gitter
05/17/2011
Very good advice. Remember when raising a child, you are raising them to one day be able to take care of themselves. They grow up fast.
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