Teaching kids how to spend and save money

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Teaching kids how to spend and save money

financial education to kids

Parents should always provide and let them understand that credit cards aren’t a source of free money.

Parents can teach kids about the concept of working for money by helping them set up a bank account for saving and allowing them to earn money by doing chores. Here are the things that teach kids how to spend and save money:-

How to spend wisely

Importance of saving

The concept of credit

Building financial literacy

Where the money comes from Teaching money skills to kids

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