Most Important Lessons You Are Not Teaching Your Kids

1. MostImportantLessonsYouAre NotTeachingYourKids Your kids learn both by observing your behavior and through their own experiences. From allowances and birthday money to cash they’ll one day earn babysitting or mowing lawns, set your children on the path to a lifetime of fiscal responsibility through thoughtful, intentional money habits. 1. Tax a little. Kids need to be taught from a very early age that they don’t get to keep everything they earn. 2. Spend a little. One of the more obvious benefits of money is the joy of spending it. Allow your child to buy something they truly want—a comic book, toy, candy. 3. Save a little. Not every item the child wants can be purchased immediately, as some items simply cost more than the child has available to spend. 4. Give a little. Children should to be taught that the opportunities that come with money are also imbued with the responsibility and obligation to serve those who are less fortunate. Source: investopedia.com www.thebaddaddy.com