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From starting a piggy bank tou00a0sending your kid off to college with a credit card helping kids learn healthy habits around money can take a lot of work and patience. But teaching kids about money or to make them financially responsible early on will help them cope with challenges like setting limits, planning a budget and resisting impulse buys. Although it is never too late to develop good money habits, starting the conversation when children are young will make things easier down the line when the stakes are higher. For more information please visit here https://thebaddaddy.com/free-report/
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How to Talk to Your Kids About Money When is the best time to talk to your kids about money? Right now. Your kids will learn about money from someone. Don’t let it be from an out-of-control celebrity on social media. You have the opportunity to be the positive example in their lives and the guiding voice they can trust. Here are five tips for talking to your kids about money: 1. Start slow 2. Be honest 3. Talk values, not figures 4. Set family goals 5. Learn about money together So go ahead and open up about the family finances, but keep it simple. Start the conversation, be honest, and teach and lead by example. Someday, your money-smart kids will be proud to follow in your big financial footsteps. Source: daveramsey.com From starting a piggy bank to sending your kid off to college with a credit card, helping kids learn healthy habits around money can take a lot of work — and patience. But teaching kids about money or to make them financially responsible early on will help them cope with challenges like setting limits, planning a budget and resisting impulse buys. Although it’s never too late to develop good money habits, starting the conversation when children are young will make things easier down the line when the stakes are higher.