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  • Teaching Kids about Money

    When my kids were young we didn’t really have a lot of money so any time they received any money from anyone they were encouraged to put it in a piggy bank to save. Sometimes they did and sometimes they couldn’t wait to spend it. I tried to help them save, but it didn’t always turn out the way I hoped – and it wasn’t always through any fault of their own or anything they did or didn’t do.  That’s a whole other story though.

    A lot of kids are never taught the importance of money at home or at school. I’ve always said that personal finance should be a course that is taught in school starting in the lower grades, but so far, no one has ever listened to me. So, it’s up to the parents to teach kids what they need to know and the earlier you start, the better off your child will be as they grow up.

    How you teach kids about money will depend on how old they are and what they’ll be able to comprehend and understand. Below are some different ways that can help teach your children about money based on their age.

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