5 Tips For Teaching Money Management To Children

5 Tips For Teaching Money Management To Children 1. Open a Savings Account.

2. Do Not Pay for Chores–Pay for Actual Work.

3. Learning Financial Penalties.

4. Encourage Wise Spending.

5. Show How Investments Works.

Financial education for kids is going to take time on your part. It won’t always be easy. But if you want your children to know how to successfully manage their money when they get older, taking the time now will be worth it.

Source-lifehack.org