Teaching Your Child Money Management

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Teaching Your Child Money Management
The number one problem in todays generation and
economy is the lack of financial education for
kids. While most kids grew up hearing the
phrase, money does not grow on trees, the kids of
today believe money flows in ATMs and that there
is an endless supply available. Encourage your
child to make a wish list. Here are the things of
teaching your child money management- Be good
role models Use a clear jar to save Delay
fulfilling their requests Give pocket money
allowance Give commissions, not allowances Focus
on the relationship between work and money