What You Need To Know When Teaching Kids About Money
Your lessons and examples will have to be age appropriate
, but once the basics are in place, your child will ask for more detail when they are ready for it. Use examples that they can relate to when you explain concepts like profit, loss and savings. You will find that your older children in particular will be a lot less wasteful and more careful of what they buy and aware of how much things cost when they've had to work for the money they are spending!
What You Need To Know When Teaching Kids About Money