It is really never too early to start teaching your children about money. And the sooner you begin teaching your children about money the better chance they will grow up to have a well-rounded and responsible appreciation of the uses and value of money.
In the very beginning when children are very young money education can begin simply by teaching them to identify various coins. You can then reinforce what money is used for by taking your children shopping even at an early age and pointing out what is going on.
As children get a little older and into elementary school this might be a good time to start providing a weekly allowance for each child. It really doesn't matter how much this allowance is. The child should be taught about what would be appropriate uses of this money as well as the consequences of spending too carelessly. This is also a good time to begin to teach your children about the importance of regularly giving whether it be to a local church or charitable organization.
Another way you can begin to teach your children the value of managing money carefully is to take them with you on trips to the grocery store. Lead them through the process of comparing various brands of the same product in order to determine what would be the best value.
Elementary children can also learn a lot about money if they are encouraged to seek out ways to earn money by helping with chores around the house.
As children get older and into their teenage years, is a good idea to continue to give allowances but these allowances should be tied to household task and other obligations for which they are required to do.
Take the time to teach your children about the proper management of money and they will be much better prepared to be financially responsible adults.
Here is what you will learn about inside the "Managing Your Money" e-book:
Beginning Early to Do Better – The Lemonade Way
Teaching Kids to Manage Money
Money Management for Teens
Money Management for Families
Money Management for Home Business Ventures
Managing Money when the Chips are Down
Protecting Yourself from Illegal Money Management Schemes
Money Management Strategies
Money Management for the Future
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