Developing Your Child’s Money Skills
Educating your children about personal financial management will help secure their financial future, and bring you peace of mind. This is because they will learn the value of money and the importance of budgeting, sending them on their way to financial freedom and happiness in life.
Knowing how a child’s mental processes and cognitive abilities develop will help ensure the effectiveness of early financial education. This knowledge will enable you to give appropriate financial lessons based on your child’s age and stage of development.
The Consumer Financial Protection Bureau has some good advice for parents who want to teach their kids about managing money.
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