Things to Keep in Mind While Teaching Kids the Value of Money
Eric Arnold
https://planswell.com/
When is the right time to start introducing money concepts to children? Experts generally agree that by five or six years old, children can begin to grasp basics such as coin values, counting, and prices of small things they want.
The Earlier a Child Learns the Value of Money, the Better It Is
Eric Arnold
Do's & Don'ts Do: Let them experience spending Don’t: Make financial decisions for them Do: Let them experience buyer’s remorse Don’t: Indulge their every want
Eric Arnold
Do: Encourage saving for a big purchase Don’t: Subsidize what they can afford
Do: Let them experience earning Don’t: Overpay them
Eric Arnold