You are going to teach your children many lessons in life, and few lessons are as important as how to handle money. After all, we both need and use our money for our entire lives, so why not give them a head start on how to save, spend, and keep track of their funds? The best part is, you can easily find tips on how to teach young children about money.
Teach Children The Basics of Money
Start by teaching your children the basics of money, such as how much each coin and dollar bill is worth. You also need to teach them how to count their money, if they have not learned this skill already.
One idea is to consider a coin bank that counts their money, even though they should still learn to count it on their own. Of course, a bank with a coin counter is going to come in handy as their funds grow.
Teach Children To Keep Track of Money
You can easily teach children how to keep track of their money by using a clear jar instead of a piggy bank…
