Children and teenagers learn a lot by watching family members, grown-ups and adults how they deal with money:
Counting, spending, saving, withdrawing or donating money:
they're all chances to teach children more of the basics around money.
As children get older, we can teach them about
the value of money: the price of things
spending: learning and accepting that money is gone once it is spent
earning: understanding that earning money can be hard work, but usually working and getting paid is the only way to get it :-)
saving: setting up short-term and long-term goals
borrowing: understanding the importance of paying back borrowed money (credits in later life...)
they're all chances to teach children more of the basics around money.
As children get older, we can teach them about
the value of money: the price of things
spending: learning and accepting that money is gone once it is spent
earning: understanding that earning money can be hard work, but usually working and getting paid is the only way to get it :-)
saving: setting up short-term and long-term goals
borrowing: understanding the importance of paying back borrowed money (credits in later life...)
