Given how important financial skills are to navigating life, it's surprising that our schools don't teach children about money.
As a parent, however, you can teach your child important financial lessons - and you should.
Kobliner says children as young as three years old can grasp financial concepts like saving and spending. Other reports revealed that kids' money habits are formed by age 7.
"The
sooner parents start taking advantage of everyday teachable money
moments (for example, give a six-year-old $2 and let her choose which
fruit to buy), the better off our kids will be. Parents are the number
one influence on their children's financial behaviors, so it's up to us
to raise a generation of mindful consumers, investors, savers, and
givers," she says Kobliner says children as young as three years old can grasp financial concepts like saving and spending. Other reports revealed that kids' money habits are formed by age 7.
Get the Complete story on Forbes http://www.forbes.com/sites/laurashin/2013/10/15/the-5-most-important-money-lessons-to-teach-your-kids/
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