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When your children are very young, it is very important to tell them how to distinguish between different coins. Then give them a piggy, as it can be used to store money. In order to let the children go on the right route, consider making family rules. Also in their later ages they must save 10% or more of their income regardless of their source of income, it can be from weekly allowance or part-time work. Allowances allow children to experience money problems in real life, and let them practice how to save regularly. To know more visit here https://thebaddaddy.com/free-report/
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6 Rules for Raising Money Smart Kids 1. 2. 3. 4. 5. 6. Harness your parent power. Take small steps to reap big rewards Match the lessons to your child's age Let kids manage money on their own Think like a kid. Be straight with your children. By giving kids a clear message and practicing what you preach, you can set any standard, teach any lesson, like you can spend time and or you can pass along any value, whether it's saving for the future, giving to charity or, one of my favorites, saying thanks. A simple word thanks makes all the difference. teach kids about money Source: kiplinger.com