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You can encourage your kids to learn financial concepts by supporting them to divide their money into two divisions: spending and saving. You can further help them prioritize the things they want to spend their money on and assist them to set savings goals for the things they can not yet afford. This helps them understand how to earn their money, work for both short term and long term purposes. You can also start discussing your house budget with them. Show your children your investment account online, then explain to them you go to work every day to earn a paycheck to pay for things the family needs, like food and clothing. For more information visit us https://thebaddaddy.com/free-report/
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3 Key Financial Concepts You Can Teach to Kids Key Financial Concept 1: Money Doesn’t Grow on Trees Key Financial Concept 2: How to Make Smart Money Choices. Key Financial Concept 3: The Difference Between a Need and a Want. When we teach our children to have a solid understanding of money, we’re setting them up for financial success as teens and adults. The concept of can be taught by paying children an allowance for household chores, although if they are a little older they could also start a lemonade stand. financial education for kids Source: firstalliancecu.com
