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Teaching kids about money by tying their allowance to age-appropriate tasks fosters a connection between work and earning. Help them set and achieve savings goals, encouraging planning and delayed gratification. Use tangible tools like piggy banks to illustrate savings over time. Introduce basic budgeting by allocating funds for spending, saving, and sharing. To know more visit here https://inflationeducation.net/
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7 Ways To Teach Kids The Value Of Money Teaching kids about money by tying their allowance to age-related tasks, fosters a connection between work and earning. Help them set and achieve savings goals, encouraging planning and delayed gratification. Use tangible tools like piggy banks to illustrate savings over time. Here are seven ways to instill the value of money in children: Set Savings Goals Use a Piggy Bank Teach Budgeting Basics Discuss Family Finances Give Them an Allowance Involve Them in Shopping Encourage Entrepreneurship