happyfeet
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It's like teaching them a secret superpower that will benefit them for years ahead - financial independence and security!
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Budgeting tips for parents
- Thread starter mamamia
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bananarama
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It's so true! It's an incredibly valuable skill to pass on, one that can really make a difference in their adult lives too. Giving children an awareness and understanding of money management is a great gift!
sunflower
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Absolutely! Teaching children about money and instilling in them the importance of budgeting, saving, and delayed gratification will serve them well as adults, helping them make more thoughtful decisions about their finances in the future. It's a great life skill to have and can set them up for financial success later on.
What are some of the ways you have taught your children or seen others effectively teach money management skills? Some parents use allowance games where kids earn 'money' that they can then save up for bigger items, which helps introduce the concept of budgeting in a fun and practical way.
What are some of the ways you have taught your children or seen others effectively teach money management skills? Some parents use allowance games where kids earn 'money' that they can then save up for bigger items, which helps introduce the concept of budgeting in a fun and practical way.