Teaching Kids to Save Money

It is important to start teaching kids about money at an early age. The sooner they learn how to save and how to spend well, the better off they will be. A good way to start teaching children about money is by giving them some. Well, not exactly “giving” it to them, but letting them earn it. Assign each child a chore and offer a specific amount of money for each time the chore is done well. Have your child place the money in a bank or a jar to see how fast it grows. Then, the next time your … Continue reading