The Principles For Teaching Good Pocket Money Habits
Teaching some good money habits to kids can save them from making some major mistakes in the future. The economic crisis indicates that every parent should start developing good money habits in their kids (from the age of three) to establish a well-founded financial base. Explain clearly the purpose of pocket money. Young children can use piggy banks or money boxes for their savings. Give pocket money every day, week or month, according to the individual circumstances. Help them keep a record of income and expenses, using a notebook or a mobile phone app. Financial literacy for kids is important, but is not a source of happiness. Explain that family and friends are the greatest sources of happiness. Show your child that nature, music, art, charity and many other important things in life can be enjoyed at little cost. For more information please visit here https://thebaddaddy.com/free-report/
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